Friday, March 27, 2026

SoftBank says it has secured a $40B bridge loan maturing in 2027 from JPMorgan Chase, Goldman Sachs, and other banks, to fund further investment in OpenAI (Akash Sriram/Reuters)

Akash Sriram / Reuters:
SoftBank says it has secured a $40B bridge loan maturing in 2027 from JPMorgan Chase, Goldman Sachs, and other banks, to fund further investment in OpenAI  —  SoftBank Group (9984.T) said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments …



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The OpenAI/Hugging Face incident feels "more than 50%" of the way to a full-blown AI takeover and as AI advances rapidly we may not get another warning shot (Ajeya Cotra/Planned Obsolescence)

Ajeya Cotra / Planned Obsolescence : The OpenAI/Hugging Face incident feels “more than 50%” of the way to a full-blown AI takeover and as...