Despite committing over $60 billion, SoftBank does not have a board seat or an observer right on OpenAI's board.

Key SoftBank board members who would challenge Masayoshi Son, such as Fast Retailing's Yanai and Nidec's Nagamori, have left the board, resulting in less outspoken opposition to his decisions.

SoftBank needs OpenAI's valuation to remain at a certain level to comfortably refinance the increasing debt it is using for AI investments.

SoftBank's CFO, Goto, has repeatedly stated that the company is financially healthy and capable of refinancing its debt as needed.

A venture capital source believes an investment in OpenAI could yield a 3x return or become worthless, highlighting the high-risk, high-return nature of the bet.

The rapid and unexpectedly successful rise of competitor Anthropic adds to the risks of SoftBank's large, single bet on OpenAI.

OpenAI's "Stargate" project was a collaboration with Microsoft to build data centers across the US.

SoftBank acknowledged a write-down of approximately $14 billion on its investment in WeWork.

SoftBank recently secured a $40 billion, 1-year loan, which is the single largest debt deal the company has signed.

None of OpenAI's top investors have a seat on its board of directors.

SoftBank reportedly wanted to invest about $1 billion in OpenAI initially, but the deal did not happen because Sam Altman was not actively seeking investors at the time.

SoftBank recently secured a $40 billion, one-year loan, which is reportedly the largest single debt deal the company has ever signed.

SoftBank wrote down its investment in WeWork by approximately $14 billion after the company's IPO was scrapped.

SoftBank announced a commitment to invest $30 billion in OpenAI in April 2025.

The rapid success of competitor Anthropic is perceived as increasing the risk of SoftBank's concentrated bet on OpenAI.

SoftBank CFO Goto has repeatedly asserted that the company is financially healthy and can refinance its debt as needed.

SoftBank's ability to refinance its large debt load is dependent on OpenAI maintaining a certain valuation level.

Despite its commitment of over $60 billion, SoftBank does not have a board seat or observer rights at OpenAI.

SoftBank's CFO stated on an earnings call that the company has no plans to hedge its OpenAI investment by backing rivals like Anthropic.

None of OpenAI's top investors hold a seat on the company's board of directors.