Leonhard Dobusch on Nostr: "SoftBank used its stake in OpenAI to borrow $10 billion from a group of banks […] ...

"SoftBank used its stake in OpenAI to borrow $10 billion from a group of banks […] The cash, in turn, helps SoftBank fund an even larger stake in OpenAI: SoftBank is poised to pay another $10 billion for shares in the ChatGPT maker." https://www.wsj.com/business/earnings/softbank-group-reports-lower-quarterly-profit-2bca0889

Ponzi Finance, anyone?

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