\n<\/p>\n
SoftBank has taken on a new $40 billion loan to help it cover its $30 billion commitment to invest in OpenAI as part the AI model maker\u2019s record-breaking $110 billion raise last month<\/a>, the Japanese conglomerate said on Friday<\/a>. <\/p>\n Most striking is that the loan is unsecured and has a 12-month term, meaning it must be repaid or refinanced by next year. This could be a signal that the lenders believe OpenAI\u2019s highly anticipated public listing will indeed come later this year, as some markets outlets, like CNBC<\/a>, have reported. The loan is provided by JPMorgan Chase, Goldman Sachs and four Japanese banks.<\/p>\n Since OpenAI\u2019s IPO is bound to be one of the largest listings ever, if it does happen this year, that would presumably give SoftBank the liquidity to settle the debt in such a short time span. SoftBank\u2019s new $30 billion investment in OpenAI brings its total bet on the ChatGPT\u2019s maker to over $60 billion.<\/p>\n<\/div>\n