Sources: SoftBank sealed a two-year loan facility to support its OpenAI investment, securing $11.87B in commitments from ~20 banks, above its $10B target (Janice Huang/Bloomberg)

SoftBank Group Corp. has secured an $11.87 billion two-year loan facility to support its investment in OpenAI. This commitment, obtained from approximately 20 banks, exceeds SoftBank's initial target of $10 billion. The loan facility will aid SoftBank's strategic investment in the US artificial intelligence firm, as reported by Janice Huang of Bloomberg.