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***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
***General Trend and Developments*** - TECH: Shares of Meta rallied by >8% in NY trading. The move came as the co. is said to be building a cloud business to sell excess AI compute, which could ease concerns about the co’s costs [press]. Recent cost reduction news also circulated in The Information related to OpenAI on
SoftBank has reopened talks on $10 billion OpenAI margin loan, sources say SoftBank now offering corporate guarantee if OpenAI collateral proves insufficient, sources say Lenders in the consortium include Goldman Sachs, JPMorgan and Mizuho, sources say July 1 - SoftBank Group has reopened talks with a consortium of len