loans

SoftBank seeks second $10B loan to fund OpenAI bet

SoftBank Group is seeking a $10 billion loan to help refinance debt tied to its investment in OpenAI, just 22 days after closing a loan of the same size secured against the same asset, Bloomberg reported on Friday.

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ByteDance seeks record $20B offshore loan for AI push

ByteDance, the Chinese technology company behind TikTok, is in preliminary talks with banks for a loan of approximately $20 billion that would represent its largest-ever offshore borrowing, Bloomberg News reported on Wednesday. The move comes as the Beijing-based firm dramatically…