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Apollo Considers Increasing Loan to SoftBank to $9 Billion for OpenAI Investment
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According to a report from Cailian Press on September 17, Apollo Global Management is considering increasing its loan to SoftBank Group to $9 billion. The loan is intended to fund an investment in OpenAI, the artificial intelligence research and deployment company. The report does not specify the terms of the loan or the exact nature of the investment in OpenAI. This potential financing move highlights the continued flow of capital into the AI sector, with major financial institutions seeking to participate in the growth of leading AI firms.
Source report
Cailian Press, Sept. 17 — Apollo is reportedly considering increasing its loan to SoftBank to $9 billion, intended for investment in OpenAI.
Source
财联社Eastern
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SoftBank secures $11.87 billion loan to boost OpenAI investment, exceeding $10 billion target