SoftBank races to fulfil $22.5 billion funding commitment to OpenAI by year-end, sources say

SoftBank Group is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array ⁠of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings, sources said. The “all-in” bet on OpenAI is among the biggest yet by SoftBank CEO Masayoshi Son, as the Japanese billionaire seeks to improve his firm’s position in the race for artificial intelligence. To come up with the money, Son has already sold SoftBank’s entire $5.8…