SoftBank eyes up to $40 billion loan to fund OpenAI investment, Bloomberg News reports

Group 1 - SoftBank is seeking a loan of up to $40 billion to finance its investment in OpenAI, the maker of ChatGPT [1] - The bridge loan is expected to have a tenor of approximately 12 months, with four lenders, including JPMorgan, underwriting the facility [1] - SoftBank held an 11% stake in OpenAI at the end of the previous year, indicating a significant commitment to artificial intelligence investments [2] Group 2 - OpenAI is preparing for an IPO that could value the company at up to $1 trillion, highlighting its growth potential in the AI sector [2] - The funding round for OpenAI could raise $110 billion, with contributions of $30 billion each from SoftBank and Nvidia, and $50 billion from Amazon, potentially valuing the company at $840 billion [3]