SoftBank Explores Debt-Heavy Financing for $500 Billion AI Push

(Bloomberg) — A few weeks ago, SoftBank Group Corp. founder Masayoshi Son stood alongside US President Donald Trump to unveil the Stargate Project, an artificial intelligence venture with OpenAI that could cost $500 billion or more. Now Son is figuring out how to pay for it.

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The Japanese billionaire is looking at a technique called project financing that is sometimes linked with oil and gas projects, according to people familiar with the matter. The strategy…