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SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn

Business, Digital Marketing, OpenAI, SEO Tips, Technology /

Lenders pushed back on valuing OpenAI shares as collateral. The downsize lands a fortnight after the $10bn ask first surfaced and is the clearest signal yet that even an $852bn primary round has not closed the gap between sticker and what banks will lend against. SoftBank Group has trimmed the size of a margin loan […]

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Nintendo is raising Switch 2 prices

Business, Digital Marketing, Entertainment, Gaming, News, Nintendo, SEO Tips, Technology /
Nintendo is raising the price of its Switch 2 console globally, “in light of changes in market conditions,” and is now forecasting a drop in sales over the next year. Starting September 1st, the Switch 2 will cost $499.99 in the US, up from its current $449.99 price. At the same time, prices will also […]

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Trump Pivots on AI Regulation, Worker Ousted by DOGE Runs for Office, and Hantavirus Explained

Business, Business / Artificial Intelligence, Digital Marketing, SEO Tips, Technology, Uncanny Valley /
Today on Uncanny Valley, we’re diving into recent reports that the Trump administration is considering an executive order that would establish some sort of federal oversight over new AI models.

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Tata and JSW to spend $1bn building India’s way out of Chinese battery dependence

Battery, Business, Digital Marketing, Next Featured, SEO Tips, Technology /

The two conglomerates are funding separate R&D centres focused on next-generation battery chemistries and advanced EV systems. The investment is a hedge: both groups currently buy critical battery components from Chinese suppliers and want options when Beijing tightens export rules again. India’s two largest steel-and-everything-else conglomerates are putting close to $1bn behind a question that […]

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Amazon retreats from Singapore groceries, leans on cross-border instead

Amazon, Business, Digital Marketing, Next Featured, SEO Tips, Technology /

Amazon Fresh and the local fulfilment network shut on 6 July. A small number of Singapore roles go with them. AWS, retail, and Global Selling stay; the bet is that Singaporean shoppers want US, Japanese, and German catalogues, not local replenishment. Amazon is closing Amazon Fresh in Singapore and shutting down its local fulfilment operations, […]

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Silex Microsystems shares soar on Stockholm debut as MEMS foundry IPO clears at SEK 8.9bn EV

Business, Digital Marketing, Insider, SEO Tips, Technology /

The Bure Equity- and Creades-backed pure-play MEMS foundry priced at SEK 81 per share, with the offering oversubscribed several times. Cornerstone investors, including Capital Research, Fidelity, AFA, AP2, AP3, AP4, Swedbank Robur, and Carnegie, took roughly three-quarters of the deal. Silex Microsystems opened sharply higher on its Nasdaq Stockholm debut on Wednesday, with the chipmaker’s […]

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