SoftBank seeks to use its shares in OpenAI as collateral to apply for a $10 billion loan.

According to informed sources, SoftBank Group is reportedly using its stake in the American artificial intelligence giant OpenAI as collateral to apply for a $10 billion loan, in order to further increase its investments in the artificial intelligence field. The unnamed source stated that the two-year collateral loan comes with an extension option for an additional year. Collateral loans involve using a company's own assets, such as stocks, as collateral for financing. A SoftBank spokesperson declined to comment on the matter.