SoftBank gets upsized US$11.9 billion loan in OpenAI funding push: sources

SoftBank slides as it borrows $11.87bn more for OpenAI

SoftBank Group shares fell as much as 13% in Tokyo on Monday, their steepest drop since 17 July. AI-linked stocks sold off worldwide that day. Over the weekend, the heads of Anthropic and OpenAI had called on the industry to slow the development of more capable models. The same day, Bloomberg reported that SoftBank had […] This story continues at The Next Web

SoftBank secures $11.87 billion to keep funding OpenAI even as its stock plunges 13% - Tech Startups

SoftBank has secured an $11.87 billion two-year loan from about 20 banks to help finance its massive OpenAI bet, just as investors sent the Japanese conglomerate’s shares down as much as 13%. The new facility surpassed an initial target of […] The post SoftBank secures $11.87 billion to keep funding OpenAI even as its stock plunges 13% first appeared on Tech Startups.

SoftBank gets upsized US$11.9 billion loan in OpenAI funding push: sources

The Japanese conglomerate attracts commitments from around 20 banks for the two-year facility Read more at The Business Times.

Billionaire Son's SoftBank lands $11.87 billion OpenAI loan

SoftBank Group has secured an $11.87 billion loan to fund its investment in OpenAI, taking more than it originally asked for.The Japanese conglomerate sealed the two-year facility last week with commitments from about 20 banks, according to people familiar with the matter cited by Bloomberg. Its earlier target was $10 billion. SoftBank declined to comment.Investors did not take it well. The shares fell as much as 13% on Monday, the steepest sing…