SoftBank raises more than $11 billion through risky bonds to fund a new payment for its OpenAI stake. The move underscores SoftBank’s continued investment in OpenAI, which it holds a significant equity position in, and signals a willingness to use high‑yield debt to support its AI portfolio. The funding will help cover the valuation gap as SoftBank finalizes its ownership stake, potentially affecting future capital allocation for AI ventures.
Opening Kapyn…