Masayoshi Son's conglomerate taps a syndicate of major banks to borrow against its private AI holdings.
SoftBank has raised another $10 billion to fund its artificial intelligence strategy, securing a margin loan backed by its OpenAI stake.
The two-year financing, led by Goldman Sachs, JPMorgan, Mizuho Securities, Apollo Global Funding, and Sumitomo Mitsui Banking Corp., will provide capital for general corporate purposes and Vision Fund II-2. The agreement includes margin requirements that could force additional cash collateral or early repayment if OpenAI’s preferred share value declines sharply.
The latest borrowing comes after SoftBank’s $40 billion bridge loan and brings its planned investment in OpenAI to nearly $65 billion by October.
