$6 billion in margin-loan talks backed by SoftBank's OpenAI stake have stalled, halting a fundraising effort the group had already scaled back from an initial $10 billion goal.
Potential creditors pulled discussions into limbo just weeks after that target cut, according to people familiar with the matter.
SoftBank is now weighing other fundraising options, though the company could still revive the OpenAI-backed margin loan later.
The setback underscores the challenge of turning high-profile AI holdings into large-scale financing even for a major global tech investor.