SoftBank Secures Record $40 Billion Bridge Loan for OpenAI Stake

SoftBank Group Corp. signed a loan of $40 billion to finance its investment in OpenAI, adding to the Japanese company’s debt load as it seeks to stay abreast of a...

By Mayumi Negishi · Bloomberg Markets

SoftBank Group Corp. signed a loan of $40 billion to finance its investment in OpenAI, adding to the Japanese company’s debt load as it seeks to stay abreast of a global artificial intelligence race.