SoftBank has secured an $11.87 billion two-year loan from about 20 banks to help finance its massive OpenAI bet, just as investors sent the Japanese conglomerate’s shares down as much as 13%. The new facility surpassed an initial target of […]
The post SoftBank secures $11.87 billion to keep funding OpenAI even as its stock plunges 13% first appeared on Tech Startups.