SoftBank Moves to Sell Assets, Tap Loans to Fulfill $22.5 Billion Investment in OpenAI
Japanese multinational investment holding company, SoftBank is moving aggressively to secure a $22.5 billion funding commitment to OpenAI by the end of the year, relying on a mix of asset sales, borrowing options and delayed dealmaking as it seeks to strengthen its position in the global artificial intelligence race. According to Reuters, the funding effort … Read more