SoftBank Wants More Firepower For Its $64.6 Billion OpenAI Bet
Apollo Global Management is in talks to increase a loan to SoftBank’s Vision Fund II to as much as $9 billion from $5.4 billion.
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Why It Matters
SoftBank is borrowing more money to invest in OpenAI. This shows SoftBank believes in AI's future and wants bigger bets.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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