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They borrowed $40B from JP Morgan. They literally did not have the money otherwise.
by jelling 6mo ago
They borrowed $40B from JP Morgan. They literally did not have the money otherwise.
- lefty2 6mo agoalso they need to pay back that in one year, so if OpenAI don't IPO this year they are screwed
- roxolotl 6mo agoWas curious about the source here. Seems widely reported and I just missed it. This a unpaywalled source I found https://techcrunch.com/2026/03/27/why-softbanks-new-40b-loan-points-to-a-2026-openai-ipo/ https://techcrunch.com/2026/03/27/why-softbanks-new-40b-loan...
- Lionga 6mo agothey are Hwanging it