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Apollo plans to increase SoftBank loan size to $9 billion to support its investment in OpenAI.

Beating AI News Flash: According to Bloomberg, asset management giant Apollo Global Management is in talks with SoftBank Group to increase a loan facility for SoftBank from $5.4 billion to $9 billion to help finance its investment in OpenAI. The loan is backed by assets of SoftBank's Vision Fund 2 and has not yet been finalized. SoftBank has previously committed $64.6 billion to OpenAI and continues to raise funds for its AI investments through financing.

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