SoftBank Group resumed negotiations for a $10 billion loan secured by its stake in OpenAI. The company revived the stalled talks by adding a corporate guarantee to the deal structure. This concession requires SoftBank to repay the debt if the value of the private OpenAI shares declines.
The lending consortium includes Goldman Sachs, JPMorgan Chase, and Mizuho Financial Group. Lenders previously expressed concern over the difficulty of valuing privately held artificial intelligence assets.
The financing supports founder Masayoshi Son’s strategy to expand his presence in the AI sector. SoftBank has already committed over $60 billion to OpenAI and related infrastructure projects.