How a Blackstone-led $2.3B private credit loan
How a Blackstone-led $2.3B private credit loan to CoreWeave in 2023 became a blueprint for chip-backed debt, which is on track to become a $1T market
TL;DRBlackstone's $2.3B GPU-backed loan to CoreWeave is becoming a template for a massive private credit market.
Why it matters: AI infrastructure financing is reshaping how capital flows to compute providers, potentially outpacing traditional venture funding models.
Ex-Google CEO Eric Schmidt calls OpenAI and Anthropic modern colonial
TL;DRSchmidt says AI companies resemble colonial powers extracting value from dependent nations.
OpenAI offers discounts up to 90 percent to poach Anthropic's biggest
TL;DROpenAI slashing prices up to 90% to steal Anthropic customers and gain market share.
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Baba, which develops AI tools
AI startup Baba raised $40M to help Medicare/Medicaid patients navigate healthcare.
A look at Meta's role in Brazil's runoff, where Lula da Silva alleges
Meta faces accusations of censoring Lula's content in Brazil's election; company blames technical glitches.
SoftBank’s Son Plans $50 Billion Malaysia Tech Outlay, PM Says
SoftBank pledges $50 billion in Malaysia tech investments, mostly AI infrastructure.
OpenMobile-2 proves open-source smartphone agents can rival proprietary
Open-source smartphone AI matches proprietary models by training on diverse apps.
UAE Shuts More Beaches as It Deals with Oil Spill in Gulf
UAE closes beaches due to Persian Gulf oil spill contamination.
CapitalOS, which helps vertical software platforms offer spend
Startup CapitalOS raised $21.9M to help software platforms add financial tools for small businesses.
Instagram launches Apple TV app for watching Reels, longer videos, and live
Instagram is now on Apple TV, letting you watch Reels and live content on your TV.
Kimi K3.1 Pro's debut draws scrutiny over allegations
AI startup Moonshot faces disclosure violations after influencers promoted Kimi K3.1 Pro without revealing paid partnerships.
Five Qwen3.8-27B models match Fable 5 Using GVS5H Harness
Five Qwen models perform comparably to Fable 5 on a new benchmark.