SoftBank secures $40B bridge loan to fund its OpenAI bet

The unsecured facility, arranged with JPMorgan Chase, Goldman Sachs, Mizuho, SMBC and MUFG, matures in March 2027. Once SoftBank’s $30B follow-on investment in OpenAI closes, its cumulative stake will total approximately $64.6B, representing roughly 13% of the company. Masayoshi Son has never been accused of thinking small, but the pace and scale of his bet […]