SoftBank’s $11 Billion Bond Sale Buys Time on Its OpenAI Payment
SoftBank Group has a payment of $10 billion coming due to OpenAI on October 1, and it is turning to the bond market to write the check. The Japanese conglomerate…
Nvidia-Backed British Cloud Firm Files for New York Listing
The company that Britain’s technology press has taken to calling the “British Oracle” is taking its listing to New York. Nscale, a London-based provider of AI cloud computing backed by…
SoftBank Plans Record Junk-Bond Sale to Fund OpenAI Investment
Bankers working for SoftBank Group spent the weekend putting the finishing touches on one of the largest high-yield bond offerings a single company has ever brought to market. By Monday,…
Massachusetts and California Tighten AI Rules in Tandem
Two governors moved on the same day to impose new controls on artificial intelligence, a coordinated-looking push from states that have decided Washington will not act for them. On September…
Microsoft’s Suleyman Says Controlling AI Will Be a ‘Genuinely Huge Challenge’
Mustafa Suleyman, the chief executive of Microsoft’s AI business, said in an interview on September 18 that controlling advanced artificial intelligence will be a “really, really big challenge” for the…
a16z Leads a $40 Million Round in AI Evaluation Startup Vals
Vals, a startup that sells private tests for measuring the abilities of artificial-intelligence models, has raised $40 million in a Series A round led by Andreessen Horowitz, valuing the company…
Samsung’s HBM4 Yield Stabilizes Near 80 Percent
Samsung Electronics has stabilized the yield on its sixth-generation HBM4 memory at roughly 80 percent, according to a report in the Seoul Economic Daily, a level that lets the company…
Micron Launches a $5.4 Billion Debt Tender Offer
Micron Technology has launched a cash tender offer to buy back up to roughly $5.4 billion of its outstanding senior notes, with maturities stretching from 2031 to 2035, according to…
FTC Raises Amazon Prime Refund Cap to $200
A federal court this week approved a joint motion from the Federal Trade Commission and Amazon to expand the refund program in the Prime “deceptive enrollment” settlement, raising the maximum…
NHTSA Orders Tesla to Explain Cybercab’s Compliance Under Oath
The top legal officer at the National Highway Traffic Safety Administration signed a special order on September 10 directing Tesla to answer 21 questions, in writing and under oath, explaining…
