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Waymo closes a $5bn loan, its first debt deal, to fund robotaxi growth

Waymo has closed a $5bn term loan, the first time the Alphabet-owned robotaxi company has raised money through debt. Pimco, Blackstone and Sixth Street led the loan, Waymo said on Thursday. The money will go into expanding Waymo’s driverless ride-hailing service across the US and abroad, according to the company. “Our strong momentum has enabled […]

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New York alleges TikTok gave teens, children a placebo safety feature instead of a real one

New York’s lawsuit against the company is one of more than two dozen cases brought by states accusing the social media giant of designing its platform to encourage addictive use among children.

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Nvidia commits $1bn to US science over the next five years

Quantum computing, healthcare and energy security are the fields Nvidia wants to strengthen with commitments it values at $1 billion. The money will be spread over the next five years. The company announced the commitments on Thursday at the Science: A New Golden Age event in Washington, DC. US officials, industry leaders and members of […]

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