SoftBank Group increased a margin loan backed by its shares in chip designer Arm Holdings by $5 billion. The total credit facility now reaches $25 billion following a deal finalized with creditors this month.
The Japanese investment giant will use the additional capital to fund its aggressive expansion into the artificial intelligence sector. This strategy includes a significant financial commitment to OpenAI.
SoftBank shares rose on Friday as the news restored investor sentiment. The market recovery followed a sharp stock decline earlier in the week triggered by reports that a potential OpenAI initial public offering would be delayed.