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

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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

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SoftBank Pursues $10 Billion Loan to Fund OpenAI Investment

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SoftBank Seeks Another $10 Billion Loan for OpenAI Stake Funding

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