SoftBank Group is seeking a $10 billion margin loan using its OpenAI shares as collateral. The Japanese conglomerate aims to secure substantial liquidity for further artificial intelligence investments.
The proposed loan carries a two-year term. The agreement includes an option for a one-year extension.
Terms for the financing remain under discussion. This maneuver leverages SoftBank's stake in the ChatGPT creator to fund ambitious expansion goals. Founder Masayoshi Son is utilizing significant debt to position the firm as a central AI industry figure.