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SoftBank revives $10bn OpenAI-backed loan with a new sweetener for lenders

SoftBank has gone back to lenders with a $10bn loan proposal secured against its OpenAI stake, and this time it is offering to personally guarantee the debt, according to Reuters, which cited people familiar with the discussions. The concession gives banks recourse to SoftBank itself if the pledged OpenAI shares fall short of covering the […]

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OpenAI floats giving Trump administration 5 percent cut of AI boom 

OpenAI has floated giving the US government a 5 percent ownership stake as a way of easing tensions with the Trump administration and blunting mounting public backlash against AI, according to the Financial Times. CEO Sam Altman argued that giving the public a financial interest in the company would be the best way to share […]

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BYD and Xiaomi shares surge after June delivery numbers show momentum holding

Hong Kong-listed shares of Chinese EV makers surged on Thursday after June delivery figures beat expectations. BYD gained around 9% and Xiaomi climbed about 5%. BYD posted 403,472 vehicle sales in June, up 5.46% from the same month last year. Deutsche Bank said BYD’s second-quarter sales volume rose 58% from the previous quarter to 1.1 […]

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Apple’s next iPad Pro and MacBook Pro redesign are coming in 2027

Apple is preparing a refreshed iPad Pro lineup and a redesigned entry-level MacBook Pro for release in the first half of 2027, according to Bloomberg. The iPad Pro update keeps its current 11-inch and 13-inch sizes but focuses on internal changes, and the MacBook Pro overhaul brings the entry-level 14-inch model, codenamed K104, in line […]

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