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SoftBank increases AI investment with $15 billion syndicated loan

SoftBank Group will use a loan led by Mizuho Bank, Sumitomo Mitsui Banking Corporation, and JPMorgan Chase as the main underwriters for its artificial intelligence investment financing, demonstrating SoftBank's ability to obtain funding for its grand ambitions. According to sources, this one-year $15 billion bridge loan is one of SoftBank's largest financings to date, with funds provided by 21 banks, including $1.35 billion from Mizuho Bank, $1.25 billion from SMBC, and $1 billion from JPMorgan Chase. In addition, HSBC and Barclays collectively contribute $950 million, while Goldman Sachs, Mitsubishi UFJ Financial Group, and six other banks jointly contribute $850 million. This funding will support SoftBank's multi-year plan to influence the development of artificial intelligence. Chief Financial Officer Yoshimitsu Goto revealed at last week's earnings conference that the first agenda includes a $6.5 billion acquisition of chip design company Ampere Computing, as well as an investment of up to $30 billion in OpenAI.

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