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SoftBank seeking $16.5B loan to fund AI projects amid fresh funding round at OpenAI: Report
- SoftBank Group is seeking a $16.5 billion loan to fund its AI investments in the US.
- OpenAI, backed by SoftBank, has raised $40 billion in a recent funding round.
- The bridge loan, with a 12-month tenor, is being discussed with potential banks.
- SoftBank aims to finance the $500 billion Stargate project through the loan and lead the funding round in OpenAI.
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