On April 23, according to foreign media reports, sources revealed that SoftBank Group is seeking a $10 billion loan secured by its shares in OpenAI. This move is the latest effort by the Japanese company to increase debt to advance its investments in artificial intelligence. According to insiders, the two-year margin loan comes with an option that allows SoftBank to extend the borrowing period by another year. SoftBank founder Masayoshi Son aims to position himself as a key player in the global AI boom, and the company has been increasing its debt to make substantial investments in OpenAI. SoftBank has previously invested over $30 billion in the American company and recently added another $30 billion investment commitment.
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SoftBank Seeks $10 Billion Margin Loan Secured by OpenAI Shares
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