MGX has at least $100bn: https://www.theinformation.com/articles/a-100-billion-middle...

This is Abu Dhabi money.

Softbank is being granted a block of TRUMP MEMES, the price of which will skyrocket when they are included in the bucket of crypto assets purchased as part of the crypto reserve.

there doesn't appear to be any timeline announced here. the article says the "initial investment" is expected to be $100bn, but even that doesn't mean $100bn this year.

if this is part of softbank's existing plan to invest $100bn in ai over the next four years, then all that's being announced here is that Sama and Larry Ellison wanted to stand on a stage beside trump and remind people about it.

>> Where are they getting the $500B? Softbank's market cap is 84b and their entire vision fund is only $100b, Oracle only has $11b cash on hand, OpenAI's only raised $17b total...

1. The outlays can be over many years.

2. They can raise debt. People will happily invest at modest yields.

3. They can raise an equity fund.

Quite possibly pulled out of their asses...

If Son can actually build a 500B Vision Fund it can only come from one of two places...

somehow the dollar depreciates radically OR Saudis

Vision Fund was heavily invested in by the Saudis so...

Oracle's cash on hand is presumably irrelevant- I think they are on the receiving end of the money, in return for servers. No wonder Larry Ellison was so fawning.

Is this is a good investment by Softbank? Who knows.. they did invest in Uber, but also have many bad investments.

Sleight of hand with the phrasing "up to" $500B.

Psst: it’s probably going to end up being a fraction of that but doesn’t make for as good a headline

Probably from the corrupted financial system, but we need to forword the project, haha

SoftBank's current AUM is $350B [1], and they will likely raise another fund.

[1] https://en.wikipedia.org/wiki/SoftBank_Group

I think it's more announce the plan first, then try to find the investors for most of it.

> Where are they getting the $500B?

BTC

from Uncle Sam

I agree that the numbers are confusing so I've taken $500B out of the title above and replaced it with just data centers.

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