SoftBank secured a $11.87 billion loan to support OpenAI's financing.

On September 14, sources familiar with the matter revealed that SoftBank Group has secured a $11.87 billion loan to support its investment in U.S. artificial intelligence company OpenAI, and this amount is higher than the previous target of $10 billion. According to insiders, this Japanese conglomerate finalized the two-year loan agreement last week, which has attracted commitments from around 20 banks. (Jiemian)