On September 17, Apollo Global Management was engaged in talks with SoftBank Group regarding an increase in the loan amount, from $5.4 billion to $9 billion. The objective is to assist SoftBank in intensifying its investment in the AI behemoth, OpenAI. According to reports, the financing is backed by assets from SoftBank Vision Fund 2, though the exact figure remains to be determined. In 2021, Apollo provided a net asset value (NAV) loan to SoftBank's venture capital fund and infused an additional $900 million last year, bringing the cumulative total to $5.4 billion. NAV loans, which are collateralized by fund assets, offer private capital firms a means to secure cash. SoftBank has emerged as one of the globe's foremost AI investors, and its strategy of borrowing to finance AI investments has garnered significant attention. Amid escalating market concerns over AI safety, the credit default swaps associated with the company's debt surged to a three-year peak this week.