SoftBank lines up a new $60bn bond to keep its OpenAI bet funded
THE SO WHAT
SoftBank raising up to $60bn in fresh debt to back its OpenAI exposure is another data point that frontier AI is being financed with telecom-scale leverage, not just equity. If you’re building on or competing with these models, assume capital intensity and risk tolerance that look more like infrastructure than software and plan your dependency and pricing exposure accordingly.
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