$40 billion loan: SoftBank seeks record financing to fund OpenAI investment — Here’s what we know
Masayoshi Son-led SoftBank Group is in talks with multiple lenders for a record $40 billion loan, largely aimed at financing its investment in artificial intelligence leader OpenAI, according to a Bloomberg report citing sources.
The 12-month tenure bridge loan would be SoftBank’s largest dollar-denominated borrowing yet, they said, adding that four banks, including JPMorgan Chase & Company will be underwriting the facility.
