The Japanese conglomerate SoftBank is seeking additional liquidity for its artificial intelligence portfolio through a new agreement with a US-based lender. Apollo is in talks to increase a loan to SoftBank's Vision Fund 2 from $5.4 billion to $9 billion to facilitate expanded investments in OpenAI.

The proposed financing would be backed by fund assets and is not yet final, as both parties continue to negotiate the specifics. This credit arrangement is designed to help SoftBank amplify its holdings in the AI developer by using the Vision Fund 2 asset base as collateral.