SOFTBANK GETS UPSIZED $11.9 BILLION LOAN IN OPENAI FUNDING PUSH

Summary from the TLDR AI newsletter

SoftBank just borrowed nearly $12 billion from about 20 banks to keep funding OpenAI, beating the $10 billion it first sought. Son is still aiming near $65 billion into OpenAI by October even as Altman shelves a 2026 IPO over safety and SoftBank shares sank as much as 13% Monday on the debt pile.