Bloomberg · Janice Huang ·

SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target

SoftBank Group Corp. secured an $11.87 billion loan to support its investment in US artificial intelligence firm OpenAI …

In this story OpenAI SoftBank

SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target

Lead Source

Bloomberg — SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target ↗

How this story grew

Coverage · 0 Discussion · 0

Sep 14Sep 15

More

Nikkei Asia: Nikkei Asia

The Economic Times: The Economic Times

Tech in Asia: Tech in Asia

Related stories

Bloomberg: A group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs

Wall Street Journal: IPO documents: SoftBank's SB Energy plans to file for an IPO as soon as this week, aiming to raise $5B to $7B, and has awarded OpenAI warrants worth ~$5.5B

Bloomberg: ByteDance has secured a $29.6B loan in Asia's second-largest USD-denominated borrowing this year, behind SoftBank's $40B bridge loan signed in March

Bloomberg: Broadcom is in talks with a group of lenders to raise $60B+ in debt for an AI chip financing deal that will benefit Anthropic and other companies

The Information: SoftBank is in talks to buy a majority stake in humanoid robot maker 1X at a $6B valuation; 1X sought $1B at a $10B valuation in 2025, but raised <50%

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif