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SoftBank seeks a second $10bn loan against its OpenAI stake

SoftBank is seeking a further $10bn loan to fund its OpenAI stake, Bloomberg reported on Friday. It closed a loan of exactly that size, secured against the same asset, 22 days earlier. TNW has not ind [...]

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Xiaomi unveils custom 3nm chip for intelligent driving

Xiaomi has unveiled the Xring D100, an in-house 3nm chip for intelligent driving that will replace Nvidia hardware in its cars from 2027. The company has invested more than 21bn yuan, about $3.1bn, si [...]

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The White House says its AI framework is done. It will not say what is in it.

The White House said on Monday it met its deadline to complete a voluntary framework for evaluating advanced AI models. It will not say what the framework contains, who has seen it, or when companies [...]

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Fusion’s best-funded bet raised another $1bn, and hired the banker who took Moderna public

The AI boom needs colossal amounts of electricity. That has turned fusion, forever mocked as “30 years away,” into one of the hottest bets in tech. The best-funded player just raised another $1 bi [...]

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Bloom Security lands $20 million seed as AI rewrites what runs on the enterprise endpoint

Work does not look like it did three years ago. Employees now assemble their own toolkits daily: AI agents that act on their behalf, browser extensions that reshape how they read and write, code packa [...]

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Visa is cutting 2,600 tech jobs to bankroll the tech that threatens it

Visa is cutting about 2,600 jobs, roughly 7% of its staff, and it is cutting them mostly from the teams that build its technology. The money it saves is going into the payment methods that could one d [...]

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Substack adds AI detection to fight ‘Claudefishing’

Substack has a name for the moment you realise a post you admired for its human voice actually came from a bot: Claudefishing. Now it is handing readers a button to catch it, powered by the AI detecto [...]

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South Korea bets $540bn on a southwest chip hub the grid cannot yet feed

South Korea wants to build its next great chip cluster far from Seoul, in the country’s rural southwest, and it wants to do so at a pace with little precedent. The plan collides with a harder limit [...]

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Jeff Bezos files to sell roughly $4 billion in Amazon shares after stock hits $3 trillion

Jeff Bezos has filed to sell 15 million shares of Amazon common stock, a stake worth roughly four billion dollars based on the company’s closing price on Monday. The filing, a Form 144 submitted to [...]

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