Asset management giant Apollo plans to increase SoftBank loan to $9 billion to ramp up investment in OpenAI

Odaily News: Asset management giant Apollo Global Management is in talks with SoftBank Group to increase a loan to SoftBank from $5.4 billion to $9 billion to help finance its investment in OpenAI. The loan is backed by assets of SoftBank's Vision Fund 2 and has not yet been finalized. SoftBank has previously committed $64.6 billion to OpenAI and continues to raise funds for its AI investments through financing. (Bloomberg)