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SoftBank cuts target for OpenAI margin loan to $6 billion: Report
short by Jessica Rajan / on Friday, 8 May, 2026
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.
read more at Reuters