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Why SoftBank’s new $40B loan points to a 2026 OpenAI IPO

Read the full articleWhy SoftBank’s new $40B loan points to a 2026 OpenAI IPO on TechCrunch
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What Happened

Wall Street giants JPMorgan and Goldman Sachs are extending a 12-month, unsecured loan to the Japanese conglomerate.

Our Take

The loan's just runway before IPO. JPMorgan and Goldman wouldn't touch this if they didn't believe OpenAI's hitting unicorn multiples post-IPO. 2026 might be ambitious, but the signals are there.

What's wild is the valuation game. OpenAI doesn't have a moat except talent and hype – they need to stay ahead of Claude, Gemini, and whatever's next.

So yeah, the money's real, but so's the risk.

What To Do

Lock in OpenAI API pricing now if you're heavy GPT-4 users – it'll change post-IPO.

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