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SOFTBANK SECURES $40 BILLION LOAN TO BOOST OPENAI INVESTMENTS

  • NEWS Desk Global
  • 7 hours ago
  • 1 min read

SoftBank Group said on Friday it has secured a $40 ​billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate ‌purposes, marking another significant step in its artificial intelligence strategy.

The Japanese investment conglomerate, led by founder Masayoshi Son, continues to strengthen ​ties with OpenAI as global tech firms race ​to gain an edge in the increasingly competitive ⁠generative AI space.

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