SoftBank Group plans to raise $10 billion in loans using its ownership of OpenAI as collateral.

Insiders revealed that SoftBank Group is currently negotiating with multiple loan institutions, planning to raise $10 billion in loans by using OpenAI equity as collateral. In order to dispel the concerns of the lenders, SoftBank has proposed to provide guarantees for loan repayment, allowing the banks to seek compensation from SoftBank if the value of the OpenAI shares used as collateral depreciates. The loan consortium is expected to include Goldman Sachs, JPMorgan Chase, and Mizuho Group.