00:00We're taking a look at SoftBank here this morning is said to be seeking a $10 billion margin loan
00:05backed by its shares in OpenAI as it looks to intensify its AI push.
00:10The stock ups some 5% in Tokyo here this morning.
00:12Let's bring in our Bloomberg reporter Trista Shingiluo.
00:15She joins us now with more details.
00:16So tell us a bit more about this loan and what they're trying to do here.
00:19Yeah, so this loan will be a two-year margin loan with an option they can extend by another year.
00:25And, you know, SoftBank has been piling up on debt as its founder.
00:30You know, trying to position himself as the linchpin in the global AI boon.
00:35And with large scale of investment, especially in chat GPT maker OpenAI,
00:41SoftBank has been, you know, committed additional $30 billion investment
00:46after, you know, have already committed far more than that same amount earlier.
00:51And it signed a $40 billion loan, its largest ever lending facility,
00:57solely dominated in dollar earlier.
01:01And also last week, it's, you know, raised $3.6 billion
01:05via a multi-part bond deal.
01:08And part of the perceived will be used to repay a bridge loan
01:13tied to, you know, its AI investment.
01:16I will not answer your thought as the law document.
01:16And it has also been another investment.
01:16So,
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