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SoftBank seeks $40B loan to fund massive OpenAI bet after ChatGPT maker hits $730B valuation

SoftBank seeks $40B loan to fund massive OpenAI bet after ChatGPT maker hits $730B valuation

SoftBank is preparing one of the biggest financing moves in its history as the Japanese tech conglomerate looks to deepen its bet on OpenAI. The Japanese conglomerate is reportedly seeking a loan of up to $40 billion to help finance its growing investment in OpenAI, the company behind ChatGPT, according to a new Bloomberg report.

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