SoftBank secures $11.87 billion loan tied to OpenAI investment
The Japan Times reports that SoftBank secured a two-year, $11.87 billion bank loan to support its investment in OpenAI, exceeding its earlier $10 billion target.
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The Japan Times reports that SoftBank secured a two-year, $11.87 billion bank loan to support its investment in OpenAI, exceeding its earlier $10 billion target.
Basic Tutorials reports that Sam Altman has ruled out an OpenAI IPO in 2026, citing unresolved safety and alignment work. The report says a possible 2027 offering remains open, but several financial and operational claims are not independently confirmed.
Bloomberg reports that Beijing-based Z.AI unveiled a $5 billion stock-and-convertible offering after its latest lockup expired, highlighting the financing pressure created by AI spending.
Herald Economy reports that LG AI Research presented industry-focused AI systems spanning manufacturing, scientific discovery and financial analysis, while developing autonomous factory, laboratory and robotics capabilities.
SoftBank shares fell more than 13% in Tokyo after Anthropic and OpenAI leaders called for slower AI development on safety grounds, Bloomberg reported.
LG AI Research presented EXAONE systems for autonomous factory inspection, chemical-material experiments, finance analysis and robot control, Seoul Economic Daily reported.
Adobe and the NFL are establishing an AI-based content workflow intended to speed production, localization, approval and distribution across the league and its 32 clubs.
Asiae reports that LG AI Research introduced specialized AI systems for manufacturing, finance and science, including plans for a 24-hour autonomous laboratory.
Simply Wall St reports that Salesforce completed its acquisition of AI customer-agent provider Fin ahead of schedule, bringing Fin’s platform, team and more than 30,000 enterprise customers into Salesforce’s ecosystem.
Chosunbiz reports that nominee Lee So-young wants South Korea to use AI to assess SMEs’ growth prospects and target support accordingly, but implementation details remain unsettled.
Politico reports that Sen. David Shoebridge is calling for Australian-owned AI, stronger guardrails, an AI minister and a one-year data-center moratorium.
The Law Society Gazette reports that Parliament’s Joint Committee on Human Rights wants a new UK legal framework for AI and a single regulator with enforcement powers.
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