Lenovo taps $2bn convertible market to refinance and buy back stock

Lenovo has raised $2bn through seven-year convertible bonds, and the most notable thing about the debt is that it pays nothing. The Beijing-based maker of computers and AI servers sold zero-coupon not [...]

China exported 8.32 million vehicles last year. Now it wants them sold at stable prices

China’s commerce and industry ministries and its market regulator have issued joint guidelines telling automakers to price overseas on costs and market demand, set clear price tiers and avoid freque [...]

Trump Jr’s fund 1789 Capital leads a $1bn round valuing Polymarket at $21bn

Donald Trump Jr is a partner at the fund leading Polymarket’s new funding round. He is also a strategic adviser to Kalshi, Polymarket’s principal competitor. 1789 Capital is putting about $300m in [...]

How Bill Gates uses AI, and why he thinks nobody is preparing for it

Bill Gates has published a memo proposing a tax on AI, a category of jobs reserved for humans and new institutions to manage the transition, and told GeekWire that industry leaders are worried private [...]

Nvidia partner ChipAgents raises $60M for agentic chip design

ChipAgents, a startup building AI agents that design and test semiconductors, has raised $60 million. The company, a partner of Nvidia, is betting that the same agentic AI reshaping software can be tu [...]

Freehand raises $75M to put AI agents in charge of supply-chain spend

The startup, whose agents negotiate and pay across procurement for the likes of Unilever and Pfizer, is betting enterprises want software that acts, not software that suggests. Freehand, a startup who [...]

The Italian state just backed €500m for the company that owns AOL

Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and F [...]

Nvidia announced $750bn of AI deals. Its own credit market flinched.

Nvidia is working on a fresh round of AI infrastructure deals potentially worth more than $750 billion, Bloomberg reported, accelerating a pattern of investment that critics say inflates demand and va [...]

An AI agent deleted a stranger from a gym waitlist. The API let it

An Australian man named Andrew asked his AI agent to book him into a popular gym class. The agent booked the class. Then it deleted a stranger. The ABC’s national AI reporter Cam Wilson and the Spec [...]