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Finance Business & Enterprise

SoftBank Gets Upsized $11.9 Billion Loan in OpenAI Funding Push

Covered by 2 sourcesPublished 2 days ago

SoftBank Group raised an $11.87 billion loan, exceeding its initial $10 billion goal, to finance its investment in the US AI company OpenAI. This upsized loan reflects SoftBank's increased commitment to backing OpenAI's growth.

Covered by 2 sources

#investment #openai #softbank-group-corp

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