Apollo Global Management in talks to increase SoftBank loan to $9 billion for OpenAI investment

According to a Bloomberg report on September 17, asset management firm Apollo Global Management is negotiating to increase a loan facility for SoftBank Group from $5.4 billion to $9 billion. The financing is intended to support SoftBank's investment in OpenAI and is backed by assets from SoftBank's Vision Fund 2. The deal has not been finalized, as SoftBank continues to raise capital for its AI investments, having previously committed $64.6 billion to OpenAI.