SoftBank Borrowed $40 Billion to Bet on OpenAI. He Has 12 Months to Pay It Back.

SoftBank secured a $40 billion unsecured bridge loan to fund its OpenAI bet — due in 12 months. Five major banks lent the money with no collateral. The hidden assumption: OpenAI IPOs this year. When it does, SoftBank's 13% stake covers the debt. Masayoshi Son's total bet on OpenAI will reach $64.6 billion. This isn't just investing. It's a bet with a deadline.

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