SoftBank gets upsized $11.9 billion loan in OpenAI funding push
SoftBank Group Corp. secured an $11.87 billion loan to support its investment in US artificial intelligence firm OpenAI, people familiar with the matter said, up from its earlier target of $10 billion.
The Japanese conglomerate sealed the two-year facility last week, attracting commitments from around 20 banks, said the people, asking not to be identified because they’re not authorized to speak publicly.
Softbank declined to comment.
