SoftBank cuts OpenAI margin loan target to 6 billion dollars
SoftBank Group has reportedly lowered its target for a margin loan backed by its OpenAI stake to 6 billion dollars. The move follows hesitation from creditors.
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SOFTBANK GROUP CORP cut its target for an OpenAI-backed margin loan by 40% to $6 billion. The original $10 billion plan faced resistance from creditors. A reduced borrowing capacity may limit SoftBank's ability to fund artificial intelligence investments.
