$40 Billion Loan: SoftBank Reloads To Chase OpenAI Gold Rush

SoftBank Group Corp has secured a $40 billion bridge loan to invest in OpenAI and support corporate needs, emphasizing its commitment to artificial intelligence. The loan, arranged with major lenders including JPMorgan Chase and Goldman Sachs, will mature in March 2027 and will be repaid in phases using existing assets and additional financing. OpenAI has reported a rise in annualized revenue to over $25 billion, up from $21.4 billion, but warns of risks related to its dependence on Microsoft and rising compute costs.