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SoftBank CEO Masayoshi Son is planning to borrow$16 billion to expand the company's investments in AI, with a possible additional$8 billion loan in early 2026.
The financing plan was discussed with banks last week, according to sources cited by The Information.
The Japanese tech conglomerate has already committed$15 billion to the Stargate venture, a partnership with Oracle and OpenAI aimed at maintaining United States dominance in AI development.
Reports suggest SoftBank may invest up to$25 billion in OpenAI, further solidifying its position in the sector.
Stargate, backed by SoftBank, OpenAI, and Oracle, plans to invest up to$500 billion in AI infrastructure.
The initiative was announced in January by Masayoshi Son, Sam Altman, Larry Ellison, and former US President Donald Trump.
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