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SoftBank seeks another $10 billion loan for OpenAI stake funding

SoftBank is seeking a $10 billion loan, as it looks for more funding to help refinance debt used for its investment in US tech giant OpenAI. The loan would add to SoftBank’s flurry of recent debt financing activities tied to its bet on OpenAI, including a potential bond sale of as much as $20 billion.

Source: The Economic Timesrss
Read the original at The Economic Times

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Original headline
SoftBank seeks another $10 billion loan for OpenAI stake funding
Product category
General technology
Curation state
ingested