SoftBank Group will use a loan led by Mizuho Bank, Sumitomo Mitsui Bank and JPMorgan Chase as lead underwriters to finance its artificial intelligence investment, showing SoftBank's ability to secure funding for its ambitious ambitions. According to sources, the one-year $15 billion bridge loan is one of SoftBank's largest to date and will be funded by 21 banks, including $1.35 billion from Mizuho Bank, $1.25 billion from SMBC and $1 billion from JPMorgan Chase. In addition, HSBC and Barclays together contributed $950 million, and seven banks including Goldman Sachs Group and Mitsubishi UFJ jointly contributed $850 million. The funding will support SoftBank's multi-year plan to try to influence the development of artificial intelligence. Chief Financial Officer Yoshiko Goto revealed at last week's earnings call that the first items on the agenda included a $6.50 billion acquisition of chip designer Ampere Computing and an investment of up to $30 billion in OpenAI.
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