SoftBank seeks a second $10bn loan against its OpenAI stake
SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not independently verified the report and could not review its full terms, so what follows sets the reported request against the […]<br /> This story continues at The Next Web [...]
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SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders
SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people f [...]
SoftBank wants to borrow $10 billion against its OpenAI stake. The spread tells you what the banks think.
Summary: SoftBank is seeking a $10 billion margin loan backed by its OpenAI shares at SOFR + 425 basis points (~7.88%), a two-year term with one-year extension. The loan sits atop a $40 billion bridge [...]
SoftBank's acquisition of AI chip designer Ampere may be facing an FTC probe
SoftBank's $6.5 billion acquisition of AI-chip designer Ampere is facing an in-depth US government probe that may delay the deal, according to Bloomberg. The Federal Trade Commission (FTC) has op [...]
Microsoft and OpenAI gut their exclusive deal, freeing OpenAI to sell on AWS and Google Cloud
Microsoft and OpenAI on Monday announced a sweeping overhaul of the partnership that has defined the commercial AI era, dismantling key pillars of exclusivity and revenue-sharing that bound the two co [...]
What you need to know as Elon Musk's lawsuit against Sam Altman begins
In a few short days, jury selection will begin in the long-awaited Musk v. Altman case. At the end of that process, an Oakland federal court will task nine regular people with deciding if OpenAI defra [...]
OpenAI and Softbank team up for a $500 billion AI data center venture
OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company c [...]
SoftBank is buying ex-Intel president Renee James' chip design company for $6.5 billion
In case you need further evidence that companies involved in AI chip manufacturing are looking to give themselves whatever edge they can, SoftBank is adding to its institutional expertise by buying fo [...]