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Lending Institutions Exercise Caution Towards AI-Linked Assets Amid SoftBank's Renewed Talks for a $10 Billion Loan Secured by OpenAI Equity
13 hour ago /
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Author：小编
The valuation challenges associated with private companies led to the initial shelving of SoftBank Group's proposed $10 billion loan. Now, the conglomerate has re-engaged in discussions with a consortium of lending institutions, aiming to secure a $10 billion loan by pledging its OpenAI shares as collateral and pledging to furnish repayment guarantees. In the event of collateral devaluation, banks retain the right to pursue SoftBank for repayment.
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