SoftBank raises $11.1B for OpenAI

SoftBank Group, which primarily invests in technology and artificial intelligence, issued bonds totaling $11.1 billion in dollars and euros to fund its investments, especially in OpenAI. The bonds include three dollar-denominated issues with maturities ranging from three to seven years, offering yields between 8.625% and 9.75%. Additionally, euro bonds worth €1.0 billion and €0.5 billion were issued for four and six-year tenors, with yields reaching up to 7.125% and 8%. The funds will be used to finance the final part of SoftBank's investment in OpenAI, aimed at raising its total investment to $64.6 billion upon completion of the funding. They are focused on supporting the development of AI programs, especially the ChatGPT service.

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