Source: TechCrunch
SoftBank’s ability to secure $40B in unsecured credit signals that Wall Street has fundamentally shifted from valuing AI safety/moats to betting on scale-at-any-cost, with the 2026 IPO timeline revealing an implicit consensus that the “AI winner” will be determined within the next 18 months—making this less about OpenAI’s technical superiority and more about which player can burn capital fastest to lock in market dominance before regulatory frameworks calcify.