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Business · 1 hour ago
Japanese tech giant SoftBank has obtained an $11.87 billion loan, which will assist in financing its stake in the US artificial intelligence company OpenAI. The two-year loan facility, which closed last week, attracted commitments from around 20 banks. SoftBank intends to commit nearly $65 billion to OpenAI by October.
Reported by m.economictimes.com · How we write briefs
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