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SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals
Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion bridge loan from a group of major banks. That loan was used to retire $17.5 billion of high-interest junk debt accumulated by X and xAI. The financial […]<br /> This story continues at The Ne [...]
AI could make scientists do more work less well, not less work better, study argues
Even if language models worked perfectly, they could make research worse, not better. A new theoretical study argues that because AI saves time, researchers' remaining hours become more valuable and get funneled into starting new projects instead of improving existing ones. In two out of three modeled scenarios, the quality of individual publications drops.<br /> The article AI could ma [...]
Meta’s new prescription Ray-Ban smart glasses are a distribution play, not a technology leap
Meta is preparing to launch two new Ray-Ban smart glasses models designed specifically for prescription wearers, according to a Bloomberg report published on Thursday. The models, codenamed Scriber and Blazer, were first spotted in Federal Communications Commission filings and are expected to reach consumers as early as next week. They do not represent a new […]<br /> This story continues [...]