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SOFTBANK EYES UP TO $40 BILLION LOAN TO FUND OPENAI INVESTMENT

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

Japanese conglomerate SoftBank is seeking ​a loan of up to $40 billion, primarily ‌to finance its investment in ChatGPT-maker OpenAI.

The bridge loan would hold a ​roughly 12-month tenor, Bloomberg reported, with four ⁠lenders, including JPMorgan, underwriting the facility.

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