SoftBank cuts target for OpenAI margin loan to $6 billion: Report

SoftBank Group has downsized plans for a $10-billion margin loan backed by its stake in OpenAI after some creditors showed reluctance, Bloomberg reported. SoftBank and bankers have decided to revise the target to an amount as ​low as $6 billion. Earlier this year, the Japanese investor had secured a $40 billion bridge loan to fund its AI investments.