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Thursday, 7/2, 03:44 AM
SoftBank Revives a $10 Billion Loan Backed by Its OpenAI Stake
- SoftBank shares rose after a report that the Japanese group has reopened talks with major banks for a roughly $10 billion loan secured by its stake in OpenAI — adding a corporate guarantee to ease lenders' worries.
- It is a window into how the enormous AI buildout is increasingly being financed with debt.