SoftBank gets upsized $11.9 billion loan in OpenAI funding push

Economic Times Techen

SoftBank gets upsized $11.9 billion loan in OpenAI funding push

The latest borrowing would add to SoftBank’s wave of recent debt financing activities tied to its bet on OpenAI. That includes a $10 billion margin loan backed by its OpenAI stake and a potential bond sale of as much as $20 billion, despite concerns about growing credit risks in the artificial intelligence sector.

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