MFG News & Events

SoftBank (SFTBY) has resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters' Echo Wang reports. According to people familiar with the mater, the lending consortium is expected to include Goldman Sachs (GS), JPMorgan (JPM), and Mizuho (MFG), and is part of SoftBank's efforts to finance its ambitious AI investment strategy.

Softbank (SFTBY) has formed a company to build a foundation model for "physical AI", which autonomously controls robots and machines, in Japan through a public-private partnership, Nikkei Asia's Natsuki Yamamoto reports, citing sources. NEC (NIPNF), Honda Motor (HMC), Sony Group (SONY, MUFG Bank (MUFG), Sumitomo Mitsui Banking (SMFG), Mizuho Bank (MFG), Nippon Steel (NPSCY) and Kobe Steel (KBSTF) have invested in the unit and the Japanese government is mulling whether to offer support.