Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...
This is Abu Dhabi money.
if this is part of softbank's existing plan to invest $100bn in ai over the next four years, then all that's being announced here is that Sama and Larry Ellison wanted to stand on a stage beside trump and remind people about it.
> The Stargate Project is a new company which intends to invest $500 billion over the next four years
1. The outlays can be over many years.
2. They can raise debt. People will happily invest at modest yields.
3. They can raise an equity fund.
Why not continue:
4. They can start a kickstarter or go fund me
5. They can go on Dragons’ Den
…
Debt/Equity Fundraising is basically a kickstarter! Remarkably similar.
It's all very Dr. Strangelove. "Mr. President, we must not allow an AI gap! Now give us billions"
If Son can actually build a 500B Vision Fund it can only come from one of two places...
somehow the dollar depreciates radically OR Saudis
Vision Fund was heavily invested in by the Saudis so...
Is this is a good investment by Softbank? Who knows.. they did invest in Uber, but also have many bad investments.
The one I really don't get is that they funded Adam Neumann's new company after the collapse of WeWork. How stupid do you have to be to give that guy any more money?
Is that the figure correct figure? Because that's Japanese yen which is more like $2.2B USD?
BTC