Topic: #financing
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SoftBank launches $11B junk bond offering to fund OpenAI investment
SoftBank Group is issuing over $11 billion in high-yield bonds to fund its mounting financial commitments to OpenAI, as the Japanese conglomerate doubles down on artificial intelligence despite carrying sub-investment-grade credit ratings.
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Zankore secures $3.1B loan for Southeast Asia's largest AI infrastructure hub
Zankore, an Indonesian AI compute platform launched in August, secured $3.1 billion in debt financing from a global banking syndicate to purchase NVIDIA GPUs and build hyperscale infrastructure across Southeast Asia.