SoftBank Group has resumed negotiations with a consortium of lenders to secure a $10 billion loan secured by its equity stake in OpenAI.
The Japanese technology conglomerate is offering additional concessions to the banking group in an effort to bridge the gap that caused earlier financing attempts to collapse.
Sources indicate that the primary obstacle in previous rounds was the difficulty lenders faced in valuing the private artificial intelligence firm, a challenge that has persisted despite OpenAI's market dominance.
The renewed talks highlight the ongoing liquidity and valuation challenges facing investors in the private AI sector.
While OpenAI remains the industry leader, its private status and complex governance structure make it a difficult collateral asset for traditional debt markets.
The involvement of major banks, including JPMorgan Chase and Goldman Sachs, underscores the scale of the financing required to support SoftBank's aggressive AI investment strategy.