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SoftBank has taken out a new $40 billion loan to help repay its $30 billion investment in OpenAI as part of AI developers. $110 billion that went up last montha Japanese group he said on Friday.
The most interesting thing is that the loan is unsecured and has a term of 12 months, which means that it must be repaid or repaid next year. This could be a sign that lenders believe that the much-anticipated OpenAI public listing will indeed arrive later this year, as in other markets, like CNBChe said. The loan is provided by JPMorgan Chase, Goldman Sachs and four Japanese banks.
Since OpenAI’s IPO is expected to be one of the largest listings, if it happens this year, it could give SoftBank the money to pay off its debt in the short term. SoftBank’s new $30 billion investment in OpenAI brings its stake in the ChatGPT developer to more than $60 billion.
