<ul><li>SoftBank is seeking up to $16.5 billion in financing for its AI project known as “Stargate”.</li><li>The bridge loan would be SoftBank's largest ever facility denominated in dollars.</li><li>Stargate aims to build AI-focused data centers in the U.S., with the first center planned for Abilene, Texas.</li><li>The loan could potentially support SoftBank's role as the primary financier in OpenAI's $40 billion funding round.</li></ul>

SoftBank Reportedly Aims to Borrow $16 Billion for AI ‘Stargate’

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