{
  "id": 8971344,
  "title": "SoftBank Borrows Even More Money for OpenAI",
  "url": "https://urgent.news/2026/09/21/softbank-borrows-even-more-money-for-openai",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T17:09:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/technology/ai/articles/softbank-borrows-even-more-money-170902930.html"
  },
  "original_language": "en",
  "account": "SoftBank has once again borrowed money to fund its investments in OpenAI, the maker of the popular ChatGPT software. This time, the firm is issuing an $11 billion bond sale, which includes $10 billion in dollar-denominated notes and €1 billion in euro-denominated notes. The bond sale is potentially the largest Asia-Pacific and Japan non-financial corporate bond deal on record. SoftBank has a history of taking loans to fund AI, with $41.5 billion borrowed last year alone. In February, the company committed to invest an additional $30 billion in OpenAI, just weeks after borrowing $40 billion in a bridge loan. By October 2026, SoftBank's cumulative OpenAI commitment is projected to reach close to $65 billion. The company is increasingly relying on borrowed money for its AI investments, rather than asset sales, which comes with credit risk. SoftBank's debt is already speculative grade, and S&P downgraded it to BB in 2023 due to excessive exposure to a single entity. The firm's decision to fund an unprofitable AI lab with borrowed capital rather than equity alone is a risky bet, especially at a time when AI capital expenditure is under scrutiny from investors and analysts.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}