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Market Chatter: SoftBank Group Renews Talks for $10 Billion Margin Loan

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SoftBank Group (TYO:9984) is pushing forward with its artificial intelligence investment strategy, which it hopes to help fund with a $10 billion margin loan, Reuters reported Thursday, citing two people familiar with the matter.

The Japanese multinational investment holding company renewed talks with a consortium of lenders including Goldman Sachs, JPMorgan Chase and Mizuho. The loan is said to be backed by its OpenAI shareholding and SoftBank also offered a corporate guarantee, allowing banks to seek repayment if the pledged OpenAI shares lose sufficient value to cover the loan.

SoftBank and OpenAI did not immediately respond to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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