SoftBank's OpenAI Ambition
SoftBank Group, a major investor in various companies, has recently made a significant investment in OpenAI, valuing the company at $300 billion.
As of June, SoftBank held more than twice as many bonds as bank loans, and is now offering $2 billion in high-yielding dollar bonds to support its investments.
The bonds, which are subordinate to senior debt, have an initial price guidance of 8.5% to 8.625% for an issue due in 2065, with the first reset date in 2035.
- SoftBank has invested $7.5 billion in OpenAI so far, with a promise to invest $30 billion by the end of the year.
- The company's founder, Masayoshi Son, is driving the investment in OpenAI, which is valued at $300 billion.
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Author's summary: SoftBank's investment in OpenAI is a grand ambition.
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