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    nixCraft 🐧 (nixcraft@mastodon.social)'s status on Sunday, 08-Mar-2026 02:52:02 JSTnixCraft 🐧nixCraft 🐧

    You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan? We all know that story usually has a "happy" ending. Right?

    Well, SoftBank is basically doing the same thing. They are talking to banks to get a massive $40 billion loan just to buy a stake in OpenAI. It is their biggest loan ever. I’m sure betting the house on a single hand will work out perfectly this time. https://www.livemint.com/companies/news/softbank-seeks-record-40-billion-loan-financing-banks-fund-openai-stake-invest-masayoshi-son-ai-bubble-concern-liquidity-11772773618772.html

    These AI people are running out of money

    In conversationabout 14 days ago from mastodon.socialpermalink

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    1. Domain not in remote thumbnail source whitelist: www.livemint.com
      $40 billion loan: SoftBank seeks record financing to fund OpenAI investment — Here's what we know | Company Business News
      from @mint
      SoftBank is in talks with lenders for a record $40 billion loan to finance its OpenAI stake purchase — its largest dollar-denominated borrowing yet. Here's what we know amid liquidity and AI concerns.
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