Masayoshi Son’s SoftBank (SFTBY) intends to reach out to major investment firms such as Apollo Global (APO) and Brookfield (BAM) about fundraising for a U.S. artificial intelligence project proposed by U.S. President Donald Trump, Nikkei Asia’s Masayuki Shikata reports. SoftBank and Microsoft-backed (MSFT) OpenAI will each invest $19B in the Stargate Project, which seeks to create data centers and the infrastructure to power them, the author says, noting that such a move would give each company a roughly 40% interest.
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