Overview
- Bloomberg reported SoftBank and its banks are discussing cutting the planned $10 billion loan to as little as $6 billion.
- Talks are ongoing and the final size could change.
- The loan would be secured by SoftBank’s private OpenAI shares, which are hard for lenders to price or sell.
- SoftBank previously raised a separate $40 billion bridge loan in March to fund AI investments.
- SoftBank and OpenAI did not comment, and Reuters said it could not immediately verify the report.