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      $40 Billion: SoftBank Reloads To Chase OpenAI Gold Rush

      SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) said Friday it has secured a $40 billion bridge loan to fund investments in ChatGPT maker OpenAI and support general corporate needs, underscoring its deepening push into artificial intelligence.

      SoftBank said the unsecured loan will mature in March 2027. It was arranged with lenders including JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corp, and MUFG Bank.

      The company said borrowings under the Bridge Facility Agreement are expected to be repaid in phases by the maturity date, using a combination of existing ...

      Full story available on Benzinga.com


      Source: Benzinga
      .

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