SoftBank's attempt to get 6 billion OpenAI margin loan stalls

SoftBank's attempt to get $6 billion OpenAI margin loan stalls SoftBank Group's efforts to secure at least $6 billion through a margin loan backed by its OpenAI stake have stalled after the company lowered its fundraising target. SoftBank Group's talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, people familiar with the matter said, just weeks after the Japanese conglomerate cut its initial target from $10 billion. The company is considering various fundraising options, according to the people, who asked not to be identified discussing private matters. It could still move forward with the margin loan at a later stage, they added. It's unclear why the margin loan discussions stalled. Borrowers and creditors can pause and revisit fundraising discussions for various reasons, and SoftBank hasn't elaborated on its plans, the people said.