SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
SoftBank Group has launched a $10 billion US dollar-denominated and €1 billion euro-denominated senior unsecured bond offering to finance its investment in OpenAI, according to a term sheet released on Monday. The dollar notes...
European AI Firms Push Back Against Calls to Slow Development
European artificial intelligence firms are pushing back against calls from leading U.S. AI companies to slow the development of increasingly powerful models, arguing that such measures could reinforce the dominance of established players. France-based...
Senate Probes OpenAI Over Hugging Face AI Breach
A Republican-led U.S. Senate subcommittee has launched an inquiry into OpenAI’s response to a July cybersecurity incident involving Hugging Face, amid growing concerns over AI agents circumventing safety controls. Missouri Senator Josh Hawley, who...
OpenAI Rejects Apple’s Trade Secret Theft Allegations
OpenAI has denied Apple’s allegations that former employees stole trade secrets, arguing that the iPhone maker has failed to show that any confidential information was misappropriated. In a filing in a U.S. District Court...
Yorkville America Eyes Acquisition as It Expands Beyond Truth Social ETFs
Yorkville America, the asset manager behind President Donald Trump’s Truth Social exchange-traded funds, is nearing an acquisition that would significantly broaden its investment-product lineup, CEO Steve Neamtz told Reuters. The transaction, involving an institutional...
OpenAI Reportedly Holds $5.5 Billion in SB Energy Warrants
OpenAI has been issued warrants estimated to be worth $5.5 billion in power infrastructure firm SB Energy, according to a Wall Street Journal report citing draft IPO documents reviewed by the publication. The reported...
OpenAI Unveils ChatGPT for Teens With Stronger Safeguards
OpenAI on Tuesday introduced “ChatGPT for Teens,” a version of its AI chatbot designed for users aged 13 to 17, featuring enhanced security measures and parental controls. The new system automatically activates when a...
Trump Faces Bipartisan Criticism Over AI Security Response Following Major Cyber Breaches
U.S. President Donald Trump is facing criticism from both Democrats and conservative allies over his administration’s response to recent cybersecurity incidents involving artificial intelligence systems developed by OpenAI and Anthropic. The debate intensified after...
Robinhood Venture Fund Targets $200 Million IPO
Robinhood is aiming to raise up to $200 million through the initial public offering of its new venture investment vehicle, Robinhood Ventures Fund II (RVII), according to a regulatory filing released on Monday. The...
Warren Opposes AI Secrecy Push in USMCA Trade Talks
Democratic Senator Elizabeth Warren has urged the Trump administration to reject efforts by major artificial intelligence companies to weaken transparency requirements in the U.S.-Mexico-Canada Agreement (USMCA). In a letter to U.S. Trade Representative Jamieson...