ByteDance Seeks $20 Billion Loan to Fund Its AI Buildout
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
ByteDance unveiled Doubao 2.1 Pro, which it claims beats Claude Opus 4.6 at 80% lower cost, and previewed Seedance 2.5, a 30-second video model.
A new Anthropic privacy policy taking effect July 8 lets the company ask some flagged Claude users to upload government IDs and submit biometric selfies.
The back-to-back exits of Noam Shazeer and AlphaFold’s John Jumper expose Google’s retention struggles as funded rivals lure away frontier AI researchers.
Google is investing about $75 million in indie studio A24, pairing it with DeepMind to build AI filmmaking tools in its first stake in a studio.
OpenAI added Record and Replay to its Codex Mac app, letting users demonstrate a task once and turn it into a reusable AI skill.
Salesforce agreed to buy Fin, the customer-service AI company formerly known as Intercom, for about $3.6 billion to strengthen its Agentforce platform.
Kazakhstan’s Data Center Valley would deploy 100,000 Nvidia GPUs near cheap power by 2027, though analysts flag execution risk after a history of stalled deals
Z.ai released GLM-5.2, a flagship coding model with a usable 1-million-token context, shipping it to paying subscribers first while withholding benchmarks, an API and open weights.
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
Google AI Overviews liability sets a precedent as a German court rejects the click-to-verify defense, a ruling that could reach ChatGPT, Claude and Perplexity.
Anthropic’s Fable 5 and Mythos 5 shutdown, the first US export control on an LLM, has Carney and EU lawmakers pushing to reduce reliance on American AI.
Anthropic has disabled Claude Fable 5 and Claude Mythos 5 globally after a U.S. government export-control directive restricted access to the models for foreign nationals, prompting the company to challenge the decision publicly.
Mistral’s reported €3 billion round would fund a 1-gigawatt European compute buildout, yet leaves the OpenAI rival far smaller than US and Chinese rivals.
SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount