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 loaned CoreWeave $2.3B backed by AI chips, creating a template for a potential $1T debt market.
Why it matters: Hardware-backed lending could reshape AI startup financing, but ties debt valuations to volatile chip prices and manufacturer whims.
Baba, which develops AI tools
TL;DRAI 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
TL;DRMeta faces allegations it restricted Lula's campaign content in Brazil's election runoff.
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New York deploys $360 Million for Stony Brook and Regional Hubs Supported
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UAE Shuts More Beaches as It Deals with Oil Spill in Gulf
UAE closes beaches due to Persian Gulf oil spill affecting coastline.
CapitalOS, which helps vertical software platforms offer spend
CapitalOS raised $21.9M to let niche software companies offer payment tools to small businesses.
Instagram launches Apple TV app for watching Reels, longer videos, and live
Instagram is now available on Apple TV for watching Reels and live content.
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 relationships.
Five Qwen3.8-27B models match Fable 5 Using GVS5H Harness
Five Qwen models perform as well as Fable 5 on a specific benchmark.
Australia Police Chief Says Angry Debate Adds Risks to Lawmakers
Australian police chief warns heated political debate is endangering lawmakers after an attack.
Meta employees say Lula’s accounts restricted in Brazil election: Report
Meta restricted Lula's accounts during Brazil's election, employees claim.