(Bloomberg) — SoftBank Group Corp. is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US, according to people familiar with the matter, in what would be the tech investor’s largest-ever facility denominated solely in dollars. The bridge loan under discussion has a tenor of about 12 … Read more
Tokyo: Japan’s SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, the two companies announced on Monday. “A memorandum of understanding has just been formally signed between Softbank and OpenAI to establish a 50-50 joint venture,” SoftBank chief executive Masayoshi Son said as he outlined … Read more
SoftBank is in talks to invest up to $25 billion (roughly Rs. 2,16,450 crore) in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector. SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may … Read more