SoftBank seeks $10 billion margin loan backed by OpenAI shares: Bloomberg

Wait 5 sec.

SoftBank is reportedly seeking a massive $10 billion loan, leveraging its stake in ChatGPT's creator, OpenAI. This move signals the Japanese tech giant's intensified commitment to artificial intelligence, following a period of significant financial volatility. The loan, potentially extendable, follows a substantial $40 billion bridge loan secured earlier this year to fuel further AI investments.