SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations

• SoftBank has slashed a loan secured by OpenAI shares from $10 billion to approximately $6 billion, as lenders are unwilling to reliably assess the value of an unlisted company like OpenAI.
• This reduction highlights the challenges faced in valuing private AI companies, particularly those backed by significant investors such as SoftBank.
• The situation underscores the difficulties in securing funding for high-risk and innovative technologies without reliable valuation metrics.

Originally published at the-decoder.com. Curated by AI Maestro.

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