SoftBank Group has re-entered discussions with a consortium of lenders to secure a $10 billion loan, using its stake in OpenAI as backing, according to a report from TechFunding News.
The loan guarantee would be secured against SoftBank's holdings in the AI company, though specific terms remain undisclosed. The talks come amid reports of delays in OpenAI's initial public offering, which has reportedly made some lenders cautious.
This development highlights the growing financial entanglement between major technology investors and leading AI firms. The potential $10 billion facility underscores the significant valuation placed on OpenAI's equity as a collateral asset.
For SoftBank, the move signals continued confidence in OpenAI's long-term prospects despite IPO headwinds. It also demonstrates the Japanese conglomerate's willingness to leverage its tech holdings to access capital markets.
The news follows earlier reports of SoftBank reducing its stake in Alibaba to raise cash, suggesting the firm is actively managing its portfolio to maintain liquidity.