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SoftBank Reportedly Secures US$15B Loan to Support AI Investments
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21 banks agreed to grant SoftBank (SFTBY.US)(9984.JP) a US$15 billion loan to support its AI investments, Bloomberg reported. Among which, US$1.35 billion came from Mizuho Bank (08411.JP), US$1.25 billion from Sumitomo Mitsui Banking Corporation (8316.JP), and US$1 billion from JPMorgan. Besides, HSBC HOLDINGS (00005.HK) and Barclays (BCS.US) lent US$950 million and US$850 million, respectively. This financing will assist SoftBank's future AI development and direction. AASTOCKS Financial News Website: www.aastocks.com |
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