SoftBank Revives $10 Billion Loan Backed by OpenAI Stake
The loan talks fell apart this spring, and the reasons were familiar to anyone who has tried to borrow money against a private company. Banks could not agree on what…
Seoul Weighs 5 Trillion Won Windfall to Fund Homegrown AI Models
South Korea’s finance ministry is tallying an unexpected windfall from the semiconductor boom, and a growing faction of officials wants to spend part of it on artificial intelligence. The government…
Zuckerberg Tells Employees AI Agent Work Isn’t Moving Fast Enough
Mark Zuckerberg’s message to employees this week cut against the tone of Meta Platforms’ public AI push. In an internal meeting, the chief executive said the company’s AI agent development…
Blackstone’s Retail Fund Posts Best Month on Anthropic Stake
A letter that went out to investors in Blackstone’s flagship retail fund this month carried a figure the firm had never printed for the vehicle before. Class I shares of…
Together AI Raises $800 Million, Doubling Valuation to $8.3 Billion
The round, announced this week, is one of the largest in the AI infrastructure sector this year: Together AI has raised $800 million in Series E financing, lifting its valuation…
Microsoft Forms Standalone Company to Deploy AI Inside Enterprises
The plan, reported exclusively by TechCrunch and confirmed by people familiar with it, is a new structure for a familiar ambition: Microsoft has created a wholly owned subsidiary focused on…
A Tiny Nasdaq Company Reveals $386 Million in OpenAI and Crypto Holdings
The disclosure, filed this week, is the kind that makes analysts do a double take: Eightco Holdings, a micro-cap company listed on Nasdaq under the ticker ORBS, reported an asset…
AWS Raises GPU Instance Prices 20%, Passing AI Compute Costs to Customers
The price change took effect on July 1, and it was the first of its kind in the cloud industry: Amazon Web Services raised the prices of its GPU instances…
SpaceX Gets Its First Analyst Report, Putting a $2.2 Trillion Valuation to the Test
The report, published this week by Bloomberg, is the first formal analyst coverage SpaceX has received since its record-breaking initial public offering, and it is an attempt to do something…
Asia’s Chip Stocks Sink as KOSPI Falls Nearly 8% in Broad AI Selloff
The selling began in Seoul and spread across the region: by the close of trading on Thursday, South Korea’s KOSPI had fallen nearly 8%, its worst single-day loss in years,…
