SoftBank considers borrowing up to $10bn for investing in US energy projects to supply power for global generative AI.

SoftBank Group is in talks with banks to potentially borrow funds worth up to $10bn for investing in energy-related projects, including expanding its power generation business mainly in the US to supply power to global generative AI projects. The company may secure the capital through bank loans and other investors, according to The Information. This move comes as advancements in generative AI have driven energy demand and data center investments.

July 04, 2024
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