Lates News

SoftBank Group has obtained a one-year, $15 billion temporary loan from 21 banks to provide financial support for its investments in the field of artificial intelligence. The loan will help SoftBank implement its multi-year plan to influence the development and direction of artificial intelligence, including the $6.5 billion acquisition of chip design company Arm Limited, as well as up to $30 billion investment in OpenAI. The loan was signed on April 10 with participating banks including Mizuho Bank, Sumitomo Mitsui Banking Corporation, JPMorgan Chase, and 18 other banks.