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SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations
SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations

SoftBank has reduced a loan secured by OpenAI shares from 10 to around 6 billion dollars. Lenders are apparently reluctant to reliably assess the value of an unlisted company like OpenAI.
The article SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations appeared first on The Decoder.

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thenextweb
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