SoftBank Seeks Up to $40 Billion Loan to Finance OpenAI Investment

SoftBank Group is seeking a loan of up to $40 billion, primarily to finance its $30 billion investment in US AI company OpenAI. This would be SoftBank's largest dollar-denominated borrowing, with a proposed 12-month tenor and underwriting by four lenders including JPMorgan Chase. The move reflects founder Masayoshi Son's aggressive strategy to position SoftBank as a key player in the AI sector. To support this investment, SoftBank has sold assets such as its Nvidia stake and now holds about 11% of OpenAI, alongside a significant stake in Arm Holdings.