Apollo in Talks to Boost SoftBank Loan to $9B, Fueling Massive OpenAI Bet

Apollo Global Management is negotiating with SoftBank to potentially increase a loan to SoftBank's Vision Fund 2 from $5.4 billion to $9 billion. The capital infusion, secured against fund assets, aims to bolster SoftBank's aggressive investment in AI leader OpenAI. This move comes as SoftBank deepens its AI focus amid rising market concerns over the sector's risks.

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