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Nvidia-backed Zankore raises a $3.1bn loan to buy Nvidia GPUs for Indonesia

Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for. Citi acted as exclusive debt adviser, while Citi, ING, Natixis CIB, Qatar National […]

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Suno launches AI music models trained on licensed Warner and BMG catalogue

Suno has launched a new generation of AI music models built with Warner Music Group, BMG, and Believe, and will switch off everything that came before them. “As v6 rolls out, we will retire our previous models and move Suno entirely onto the v6 generation,” the company said. The announcement, published on Wednesday, introduces three […]

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Samsung chairman Lee Jae-yong will buy $1.4bn of shares from his mother in October

Samsung Electronics chairman Lee Jae-yong will buy just over 7.1 million shares from his mother, Hong Ra-hee, in an off-market transaction worth 1.94tn won, or about $1.4bn. The deal is scheduled for 12 October and was reported by Reuters after a filing with South Korea’s Financial Supervisory Service on Wednesday. The mechanics are small, and the meaning […]

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