SoftBank eyes up to $40 billion loan to fund OpenAI investment, Bloomberg News reports
March 6 (Reuters) - Japanese conglomerate SoftBank is seeking a loan of up to $40 billion, primarily to finance its investment in ChatGPT-maker OpenAI, Bloomberg News reported on Friday, citing people familiar with the matter. The bridge loan would hold a roughly 12-month tenor, Bloomberg reported, with four lenders, including JPMorgan , underwriting the facility. Talks with banks are ongoing, and terms could change, according to the report. Reuters could not immediately verify the report. OpenA ...