SoftBank Secures Massive $15 Billion AI Loan for Growth

Tech giant SoftBank Group has secured a substantial $15 billion bridge loan, primarily orchestrated by Mizuho Bank, Sumitomo Mitsui Banking Corporation, and JPMorgan. This landmark financing involves 21 banks in total, with contributions from institutions like HSBC and Barclays totaling $950 million, alongside contributions of $850 million from Goldman Sachs, Mitsubishi UFJ, and five other financial partners. This significant investment underscores SoftBank’s dedication to shaping the landscape of artificial intelligence over an extended period.