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Bloomberg Technology·1 min read

SoftBank Seeks Record Loan of Up to $40 Billion for OpenAI Stake

SoftBank targets major investment in OpenAI

SoftBank Group is pursuing a record loan of up to $40 billion to finance its stake in OpenAI. This would mark its largest-ever dollar-denominated borrowing, with major banks like JPMorgan Chase involved in underwriting.

This move signals SoftBank's aggressive push into AI, reflecting the growing importance of tech investments. The loan's success could reshape the landscape of AI funding and elevate OpenAI's market position significantly.

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SoftBank Seeks Record Loan of Up to $40 Billion for OpenAI Stake | Trace