SoftBank Secures $11.87 Billion Loan to Boost Investment in OpenAI
46 minutes ago
SoftBank Group has secured a $11.87 billion loan to support its investment in U.S. artificial intelligence firm OpenAI, exceeding the prior $10 billion target. According to people familiar with the matter, the Japanese conglomerate finalized the two-year financing last week, with around 20 banks committing to participate. The latest borrowing further adds to SoftBank’s recent debt financing activities tied to its OpenAI bet, including a $10 billion margin loan secured by its OpenAI stake and a potential bond issuance of up to $20 billion, amid market concerns over rising credit risks in the AI sector. SoftBank said last week it will repay the remaining $40 billion loan it obtained earlier this year to fund its OpenAI investment. Per a statement, the company plans to repay the $25.9 billion it owes on September 15; the unsecured loan was originally set to mature in March next year. Meanwhile, SoftBank will meet with investors in New York this week to gauge their interest in a potential U.S. dollar junk bond issuance. People familiar with the matter said last month the company is considering raising between $10 billion and $20 billion via a bond offering.
Robinhood Chain is cooling off significantly, with its daily revenue plummeting over 90% from its peak and DEX trading volume halving.
5 minutes ago
Rumors indicate that Yan Wentao, a post-90s partner at Hillhouse Capital, has joined DeepSeek and may take up the role of CFO.
5 minutes ago
UK-listed public company Satsuma has sold all 669.4867 bitcoins, and plans to return 30.719 million GBP to eligible shareholders.
5 minutes ago
A whale built a $1.04 million position in MEME, claiming the top spot on the token's holder list.
5 minutes ago
U.S. Senate Republicans have unveiled the text of the new version of the CLARITY Act, incorporating the revised ethics proposal agreed to by Trump.
5 minutes ago
Anthropic's over-the-counter (OTC) market capitalization is currently reported at $2.139 trillion.
5 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

