SoftBank Pursues $10 Billion Loan to Fund OpenAI Investment

SoftBank Group is seeking a massive new loan to help refinance existing debt tied to its substantial financial stake in the artificial intelligence developer OpenAI.

28 Aug, 06:50 — 28 Aug, 06:50

Post Share

Sources

Showing 1 of 1 sources

bloombergHigh7d ago

SoftBank Seeks Another $10 Billion Loan for OpenAI Stake Funding

SoftBank Group Corp. is seeking a $10 billion loan, as it looks for more funding to help refinance debt used for its investment in US tech giant OpenAI, according to people familiar with the matter.

By Kari Lindberg, Janice Huang and Aileen Chuang

Read full article →

SoftBank Pursues $10 Billion Loan to Fund OpenAI Investment

Sources

SoftBank Seeks Another $10 Billion Loan for OpenAI Stake Funding

Related Stories

Tesla Launches Steering-Free Cybercab Robotaxi Service in Austin

Novo Nordisk Foundation Plans Copenhagen Quantum Chip Facility

Anthropic Finalizes $15 Billion Pre-IPO Credit Facility

OpenAI Unveils GPT-6 Astra With Emphasis on Cybersecurity Capabilities