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SoftBank reportedly seeks $10 billion loan tied to OpenAI investment debt

SoftBank Group is seeking a $10 billion loan to obtain additional funding for refinancing debt used for its OpenAI investment, according to people familiar with the matter. The report does not say that a loan has been arranged or identify a lender.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Products
AI Products

Tencent plans about $5 billion bond offering to help fund AI spending

Tencent told fixed-income investors Monday that a planned bond offering of about $5 billion would help finance AI-related capital expenditures, Bloomberg reported, citing people familiar with the matter. The offering would provide...

Products Security
Products Security

IonQ agrees to acquire Elisity for up to $1.3 billion in stock

Quantum computing firm IonQ has agreed to acquire Elisity for as much as $1.3 billion in an all-stock transaction, Bloomberg reported. The deal is intended to expand IonQ's cybersecurity platform to address dangers assisted by art...

Security
Security

CloudConnect CRM flaw reportedly allows data theft without a login

Attackers are exploiting a CloudConnect vulnerability to remotely access and steal customer data and internal business records without logging in, The Tech Edvocate reported. The flaw in the cloud platform, which businesses use to...

Science AI
Science AI

Researchers demonstrate AI detection of rabies in cell cultures

Researchers at the University of Surrey and the Animal and Plant Health Agency developed an AI workflow that detects rabies infection in cell cultures and measures antibody concentrations. In a study published in Scientific Report...