SoftBank is seeking $5 billion loan to invest in OpenAI, plans to use Arm shares as collateral — rapid AI expansion continues, investment could top $30 billion

Share via:


SoftBank is arranging a new $5 billion margin loan to invest in OpenAI and use its shares in Arm Holdings as collateral, reports Bloomberg. The move will enable the company to increase its stake in OpenAI and/or invest in the company’s infrastructure, while taking the company’s total borrowing against Arm shares to $18.5 billion.

The Japanese investment company is said to be negotiating with several international banks to finalize the deal, which will be collateralized by Arm stock. The company had…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

SoftBank is seeking $5 billion loan to invest in OpenAI, plans to use Arm shares as collateral — rapid AI expansion continues, investment could top $30 billion


SoftBank is arranging a new $5 billion margin loan to invest in OpenAI and use its shares in Arm Holdings as collateral, reports Bloomberg. The move will enable the company to increase its stake in OpenAI and/or invest in the company’s infrastructure, while taking the company’s total borrowing against Arm shares to $18.5 billion.

The Japanese investment company is said to be negotiating with several international banks to finalize the deal, which will be collateralized by Arm stock. The company had…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

India proposes forcing smartphone makers to give source code...

India proposes requiring smartphone makers to share source...

Elon Musk’s xAI to build $20 billion data centre...

Elon Musk's artificial intelligence company xAI is set...

HomeKit Weekly: Flic brings physical button control to your...

I love the idea of a fully automated...

Popular

iptv iptv iptv