SoftBank gets $11.87B loan for OpenAI bet, AI concerns hit shares – report (SFTBY:OTCMKTS)


SoftBank headquarters in Silicon Valley

SoftBank (SFTBY) secured an $11.87B two-year loan to support its investment in U.S. artificial intelligence firm OpenAI (OPENAI), people familiar with the matter told Bloomberg. The facility, finalized last week, drew commitments from about 20 banks and exceeded



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