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Japan's SoftBank Group is reportedly close to finalising a massive funding deal of up to £17.8 billion (USD 22.5 billion) with Sam Altmans OpenAI by the end of the year. This substantial investment represents one of CEO Masayoshi Sons largest bets to date, intended to strengthen SoftBank's position in the fiercely competitive global artificial intelligence landscape.
To secure the necessary capital, SoftBank has employed various cash-raising strategies. These include the sale of its entire £4.6 billion (USD 5.8 billion) stake in AI chip leader NVIDIA and the offloading of £3.8 billion (USD 4.8 billion) from its T-Mobile holdings.
The company is also considering utilising undrawn margin loans against its valuable ownership in Arm Holdings. This significant financial manoeuvre underscores the considerable resources being marshalled for ambitious AI data centre projects, highlighting the intense pressure on even major dealmakers to finance such ventures. SoftBank had previously agreed to invest in OpenAI in April at a £237 billion (USD 300 billion) valuation, which has since risen dramatically.
