SoftBank reportedly cuts OpenAI-backed loan from $10B to $6B

softbank reduced a planned margin loan backed by openai shares from $10 billion to up to $6 billion because lenders expressed hesitation over pricing private ai companies. the loan structure allows softbank to borrow against its openai stake for two years, with a potential extension. reports suggest openai may pursue an ipo later this year. this financing difficulty highlights a tightening credit market for ai ventures despite hype.