SoftBank seeks a $10 billion margin loan secured by OpenAI shares

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Golden Finance reports that on April 23, according to reports from foreign media, insiders said that SoftBank Group is seeking a $10 billion loan, using its OpenAI holdings as collateral. This is the latest move by the Japanese company to increase debt to advance its artificial intelligence investments. According to sources, this two-year margin loan comes with options that allow SoftBank to extend the borrowing period by another year. SoftBank founder Masayoshi Son is seeking to position himself as a key figure in the global AI boom. SoftBank has been steadily increasing its debt and making large-scale investments in OpenAI. SoftBank previously invested more than $30 billion in the U.S. company, and has recently added another $30 billion to its investment commitment.(Jin10

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