SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn

Lenders pushed back on valuing OpenAI shares as collateral. The downsize lands a fortnight after the $10bn ask first surfaced and is the clearest signal yet that even an $852bn primary round has not closed the gap between sticker and what banks will lend against. SoftBank Group has trimmed the size of a margin loan […] This story continues at The Next Web