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 created a template for financing AI infrastructure through hardware collateral.
Why it matters: Private credit backed by chips could reshape how AI companies scale, shifting billions in financing away from traditional venture capital.
Ex-Google CEO Eric Schmidt calls OpenAI and Anthropic modern colonial
TL;DRSchmidt says AI companies mirror colonial powers, with money—not innovation—determining global dominance.
OpenAI offers discounts up to 90 percent to poach Anthropic's biggest
TL;DROpenAI is offering massive discounts to lure away Anthropic's enterprise customers.
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UK space debris removal mission officially named "Binface" after public voting.
SoftBank’s Son Plans $50 Billion Malaysia Tech Outlay, PM Says
SoftBank's Son plans $50 billion in Malaysian tech investments, primarily for AI infrastructure.
OpenMobile-2 proves open-source smartphone agents can rival proprietary
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UAE Shuts More Beaches as It Deals with Oil Spill in Gulf
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CapitalOS, which helps vertical software platforms offer spend
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Instagram launches Apple TV app for watching Reels, longer videos, and live
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Kimi K3.1 Pro's debut draws scrutiny over allegations
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