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SoftBank Stock Pops after $40B Loan to Pump OpenAI Stake to 13%
SoftBank’s SFTBY -7.98% ▼ shares on the Tokyo Stock Exchange 9984 +3.24% ▲ closed 3% higher on Friday as the Japanese conglomerate revealed it had secured a bridge loan of $40 billion to boost its investment in ChatGPT maker OpenAI.
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