OpenWorld Signs Non-Binding Term Sheet for Up to $1 Billion in Tokenized Financing

Meridian, MS, October 15, 2026 —

OpenWorld has signed a non-binding term sheet for up to $1 billion in tokenized financing intended to support a solar-powered distributed artificial intelligence network.

The proposed amount is described as “up to” $1 billion. The term sheet is non-binding, so the announcement does not establish that the financing has been finalized or that funds have been provided. The summary does not identify the other parties to the term sheet or specify conditions that would need to be met for financing to proceed.

Details about the proposed token structure, financing schedule and any final agreement were not provided. The announcement also does not state when the network might be developed, where it would operate, or how much financing—if any—would ultimately be secured.

The stated purpose of the financing is to support a solar-powered distributed AI network. The summary does not provide further information about the network’s planned design, capacity or operations, or explain how solar power would be incorporated. It also does not describe the project’s development status or provide a timeline for next steps.

For now, the disclosed development is the signing of the preliminary, non-binding term sheet. Further details about the financing and network were not included in the information provided.

Story summarized from the original created by Google News on news.google.com, see more information here.