SoftBank increases AI investment with $15 billion syndicated loan

Mars Finance News, on May 21, SoftBank Group will use a loan underwritten by Mizuho Bank, Sumitomo Mitsui Banking Corporation, and JPMorgan Chase to finance its artificial intelligence investments, demonstrating SoftBank's ability to secure funds for its ambitious plans. According to sources, this one-year bridge loan of $15 billion is one of SoftBank's largest financing efforts to date, with 21 banks providing funding. Mizuho Bank will contribute $1.35 billion, SMBC will provide $1.25 billion, and JPMorgan Chase will contribute $1 billion. Additionally, HSBC and Barclays will collectively invest $950 million, while Goldman Sachs, MUFG, and six other banks will jointly contribute $850 million. These funds will support SoftBank's long-term plan to influence the development of artificial intelligence. Chief Financial Officer Yoshimitsu Goto revealed at last week's financial report that the initial agenda includes acquiring Amp Computing for $6.5 billion and potentially investing up to $30 billion in OpenAI.