SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations (the-decoder.com)

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 .