Sources: SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target (Janice Huang/Bloomberg)
SoftBank lined up more bank financing than it sought for the OpenAI bet.
Bloomberg’s Janice Huang reports, via Techmeme’s note, that SoftBank sealed a two-year loan facility tied to its OpenAI investment. The commitments totaled $11.87 billion from about 20 banks, above the $10 billion target. The piece frames the facility as support for SoftBank’s OpenAI commitment, not as a new change in OpenAI’s funding terms.
Bloomberg’s Janice Huang reports, via Techmeme’s note, that SoftBank sealed a two-year loan facility tied to its OpenAI investment. The commitments totaled $11.87 billion from about 20 banks, above the $10 billion target. The piece frames the facility as support for SoftBank’s OpenAI commitment, not as a new change in OpenAI’s funding terms.
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