The goal of this unprecedented leverage is to finance its stake in OpenAI and secure hardware purchases. The industry has reached a frightening macroeconomic milestone: venture capital is no longer sufficient to pay the electricity and server bills. The technological race is sucking liquidity out of institutional banks. Masayoshi Son's (SoftBank) strategy is simple: put all chips on the winner (OpenAI). If chatbots and autonomous agents do not start generating trillion-dollar revenues in the coming years, this debt-fueled AI bubble will crash markets harder than the dot-com bust.
Source: SoftBank / Bloomberg
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