SoftBank Group announced on Friday that it has secured a $40 billion bridge loan to boost investments in ChatGPT-maker OpenAI and for general corporate purposes, marking another major step in its artificial intelligence strategy.
The move comes as the Japanese tech giant, led by founder Masayoshi Son, continues to strengthen ties with OpenAI as global tech companies race to gain an edge in the increasingly competitive generative AI space.
The big-name lenders involved in the deal included JPMorgan Chase, Goldman Sachs, and MUFG Ban.
SoftBank and OpenAI were among the companies involved in the Stargate Project last year, which announced it intended to invest up to $500 billion over four years to develop AI infrastructure in the United States.
The deal follows a December 2024 announcement by Son and then-President-elect Donald Trump that SoftBank intended to invest $100 billion in AI and associated infrastructure in the U.S. over four years.
By CEO NA Editorial Staff
