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45 SoftBank cuts planned $10B OpenAI-backed loan after lenders raise valuation concerns

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Nickie Louise @ Startups News 1 place · today 10:59 EDT

SoftBank cuts planned $10B OpenAI-backed loan after lenders raise valuation concerns

SoftBank’s massive bet on OpenAI is running into a problem that has begun to shadow the AI boom: how do lenders assign a reliable valuation to a private company worth hundreds of billions of dollars on paper? The Japanese investment ...

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