SoftBank’s $60B Bet on OpenAI Deepens | Business and Finance News

SoftBank’s massive $40 billion bet on OpenAI just got a major cash boost—21 new lenders are jumping in, adding $7 billion to the table. Banks like First Abu Dhabi, GIC, and Standard Chartered each chip in nearly $1 billion, with others from Europe, Japan, and Taiwan rounding out the group. This underscores how seriously SoftBank’s founder Masayoshi Son is investing, with total commitments now hitting $60 billion. OpenAI, valued at over $850 billion in March and set to go public soon, is the centerpiece of this bold move. The original $40 billion loan, signed in March and set to mature in 12 months, is already one of Asia-Pacific’s largest bridge loans—and it’s earning underwriters $100 million in fees. Nine banks already joined the initial round, and the remaining $33 billion could still be shared further, as is typical in these massive financings. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d8731fd346447f9a