SoftBank Expands AI Push with Battery Plant and $10 Billion Loan

SoftBank is preparing to manufacture batteries for AI data centers and is seeking a $10 billion loan backed by its OpenAI shares. The moves show the company is going all in on OpenAI, though questions remain about the cost. Separately, Nippon Life's India asset manager is set to settle a Yes Bank investment case, and Sony Life plans to investigate 2.5 million contracts held by its sales staff over suspected money fraud.