SoftBank Seeks $400 Billion Loan to Invest in OpenAI, Its Largest Single Dollar-Denominated Loan Ever

SoftBank Group is seeking a loan of up to $400 billion, mainly to inject capital into U.S. tech firm OpenAI, which is expected to be its largest single dollar-denominated loan in history. The 12-month bridge loan is underwritten by four institutions including JPMorgan, with details still under negotiation. SoftBank has previously invested over $30 billion in OpenAI and holds about 11% of its shares. However, some observers worry that this move may fuel the AI bubble, as AI services still lack mainstream application scenarios.