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SoftBank plans $10 billion loan for OpenAI stake
SoftBank has sought a $10 billion loan to finance its investments in the American technology company OpenAI, one of its flagship projects in the field of artificial intelligence. The interest margin on the loan is expected to be around 2.75% above the benchmark rate. Part of the funding is anticipated to be used to repay a previous $40 billion loan and in preparation for issuing bonds worth up to $20 billion. Under the leadership of Masayoshi Son, SoftBank continues to pour billions of dollars into OpenAI, amid expectations of increased spending on AI infrastructure, with rising funding from various sources reflecting the high risk involved in the sector.
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