Finance

Auto Added by WPeMatico

Rakuten raises record ¥400B from bond sale driven by retail investors

Rakuten priced ¥400B ($2.5B) of yen bonds on Friday, its largest yen bond sale, with ¥360B going to retail investors. The 5.5-year debt carries a 4.37% coupon. Japanese companies have sold about ¥3.2T of retail bonds this year, already above 2025’s record. Rakuten Group has priced ¥400B (about $2.5B) of yen bonds, its largest yen […]

This story continues at The Next Web

Rakuten raises record ¥400B from bond sale driven by retail investors Read More »

Broadcom CEO Hock Tan likens many AI investors to casino gamblers

Broadcom chief executive Hock Tan compared many AI investors to gamblers who have little idea what they are betting on. He spoke on Monday at the DBS Asia Future Forward Conference in Singapore, Bloomberg reported. “A lot of investors have no clue what they are investing in,” Tan said. They “set very extreme expectations only […]

This story continues at The Next Web

Broadcom CEO Hock Tan likens many AI investors to casino gamblers Read More »

IMF warns $1.4tn in circular AI deals could deepen a market correction

A correction in AI-related stocks and debt could set off market turmoil, the International Monetary Fund said on Tuesday. It named the AI risk as one of three that could sharply tighten financial conditions. The other two are a sharp rise in government bond yields and cyber threats. The warning came in the IMF’s Global […]

This story continues at The Next Web

IMF warns $1.4tn in circular AI deals could deepen a market correction Read More »

Visa gets China’s approval to prepare a domestic card clearing business

Visa has won approval to start preparing a domestic bank card clearing business in China, the company said on Tuesday. The People’s Bank of China approved its “Application to Prepare”, which lets Visa begin formal preparations. It does not yet let Visa process domestic payments. Visa first applied to the central bank in May 2020, […]

This story continues at The Next Web

Visa gets China’s approval to prepare a domestic card clearing business Read More »

AI won’t fix America’s debt, Guardian analysis argues

The White House hopes AI will help the US grow its way out of debt. That is a new take on the Reagan-era promise that tax cuts pay for themselves, Eduardo Porter argued in an analysis for The Guardian. “Even if AI supercharged the economy, its impact on the government’s finances would be muted,” he […]

This story continues at The Next Web

AI won’t fix America’s debt, Guardian analysis argues Read More »

Law firm Quinn Emanuel maps how AI data centre debt could unravel

A memo from US law firm Quinn Emanuel sets out how the debt behind the AI data centre boom could turn into a wave of lawsuits. Liz Hoffman reported that it was doing the rounds again this week for Semafor. The 20-page client alert was first published in March. It is unusual because it names specific […]

This story continues at The Next Web

Law firm Quinn Emanuel maps how AI data centre debt could unravel Read More »

OpenAI expects a $70bn revenue run rate by year-end, Bloomberg reports

OpenAI expects its annualised revenue to reach or exceed $70bn by the end of the year, Bloomberg reported on Friday. The company shared the forecast with investors in talks over its latest funding round, according to people familiar with the matter. They said growth in its enterprise business is driving most of it. A day […]

This story continues at The Next Web

OpenAI expects a $70bn revenue run rate by year-end, Bloomberg reports Read More »

Pentagon offers PsiQuantum a conditional loan of up to $150m

PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from the same Pentagon office in two days. On Wednesday, the Office of Strategic Capital offered […]

This story continues at The Next Web

Pentagon offers PsiQuantum a conditional loan of up to $150m Read More »

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 […]

This story continues at The Next Web

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

Pentagon offers Wolfspeed a $1.5bn loan for a stake of up to 7.5%

The US Department of War has offered chipmaker Wolfspeed a conditional loan of up to $1.5bn over 30 years. In return, Wolfspeed would give the department warrants to buy up to 7.5% of the company. Wolfspeed filed for bankruptcy protection in June 2025. The department’s Office of Strategic Capital announced the commitment on Wednesday. In […]

This story continues at The Next Web

Pentagon offers Wolfspeed a $1.5bn loan for a stake of up to 7.5% Read More »

Shopping Cart