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SoftBank cuts OpenAI-backed loan to $6 billion from $10 billion
SoftBank cuts its OpenAI-share-backed loan from $10 billion to $6 billion after lenders raised concerns over valuing the unlisted AI company.
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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