🇯🇵HUGE: SoftBank is borrowing BILLIONS to keep its OpenAI bet alive. The Japanese giant is reportedly in talks with investment banks over a $10–20B bond offering to help refinance a loan tied to its investment in OpenAI. The bond sale would be the largest from any Asian company this year. By October, SoftBank is expected to have invested nearly $65B into OpenAI, per bloomberg. Companies have already borrowed $410B+ through bond markets this year to fund AI and data-center expansion. The AI boom is increasingly running only on debt.(Coin Bureau)