SoftBank Seeks $40 Billion Loan to Invest in OpenAI

Odaily According to informed sources, SoftBank Group is seeking a loan of up to $40 billion, primarily to finance its investment in OpenAI. This would be its largest-ever borrowing denominated solely in U.S. dollars. Some sources revealed that this bridge loan has a term of approximately 12 months and is underwritten by four banks, including JPMorgan Chase. Negotiations with the banks are ongoing, and specific details may change. The potential scale of the loan highlights SoftBank founder Masayoshi Son's aggressive strategy to position the company as a core player in the global AI boom. As of the end of last December, SoftBank holds about 11% of OpenAI's shares. To support its continued bets on OpenAI, SoftBank has sold assets including its stake in Nvidia. (Jin10)