More banks join SoftBank’s $40 billion OpenAI loan as syndication enters soft-launch phase
HSBC, BNP Paribas, and Intesa Sanpaolo are among eight institutions that have submitted commitments as sub-underwriters, in one of the largest tests of creditor appetite for AI-linked debt. The $40 billion bridge loan SoftBank signed in March to fund its investment in OpenAI is attracting more lenders, with at least eight banks now having submitted […]<br /> This story continues at The Next Web [...]
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Ninja Swirl by Creami review: This might be the ultimate home ice cream maker
The original Ninja Creami became a viral hit a few years ago when it took the tech from $5,000 commercial ice cream makers and distilled it into something you could buy for less than $200. As good as [...]
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 [...]
The Ninja Swirl by Creami is conquering the hardest type of ice cream to make at home
When it launched a couple of years back, the Ninja Creami became a viral sensation by making it easy to turn almost anything into a tasty frozen treat. However, there was still one thing it couldn’t [...]
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 [...]
The best power banks and portable chargers for every device in 2025
On a recent work trip, I had plenty of things to worry about — but being able to recharge my two smartphones, laptop and iPad were not among my concerns. In my carry-on luggage, I had two medium-cap [...]
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 [...]
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 reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations
SoftBank has reduced a loan secured by OpenAI shares from 10 to around 6 billion dollars. Lenders are apparently reluctant to reliably assess the value of an unlisted company like OpenAI. <br /> [...]