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AI News from ET - SoftBank lenders ask more banks to join $40 billion OpenAI loan

Vishwadeep Khatri
in AI News & Two Lenses

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SoftBank is seeking additional banks to join a $40 billion loan backing its OpenAI investment, a significant test of investor confidence in its AI strategy. This debt-fueled push, alongside over $30 billion already invested in OpenAI and its Arm Holdings stake, has raised concerns about SoftBank's liquidity and credit quality, prompting a negative outlook from S&P Global Ratings.

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