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Lenovo taps $2bn convertible market to refinance and buy back stock

Lenovo has raised $2bn through seven-year convertible bonds, and the most notable thing about the debt is that it pays nothing. The Beijing-based maker of computers and AI servers sold zero-coupon notes due in 2033, priced at a conversion premium of 47.5% to Wednesday’s closing share price. Investors are lending the company money for free, […]

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Huawei CFO’s admissions can be used against the company, US judge rules

A statement Meng Wanzhou signed to make her own legal jeopardy go away can now be used against the company she helps run. A US judge in Brooklyn ruled on Tuesday that admissions made by Huawei’s chief financial officer, as part of the 2021 deal that let her walk free, are admissible in the criminal […]

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JPMorgan cuts off Anthropic access for Hong Kong staff

JPMorgan Chase has stopped its staff in Hong Kong from using Anthropic’s AI models, according to the Financial Times, a quiet decision with loud implications. The bank removed Anthropic’s Claude from the internal drop-down list of approved large language models available to employees in the territory, the FT reported, leaving them without access to one […]

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Apple to raise prices as memory chip shortage bites, Tim Cook says

Apple is going to raise prices, and Tim Cook is no longer pretending otherwise. In an interview with the Wall Street Journal, the chief executive said the company could not keep absorbing the soaring cost of memory and storage chips. “Unfortunately, price increases are unavoidable,” he said. The line is notable mostly because Apple has […]

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Meta executive leading internal AI overhaul departs after two months

The memo, when it came, was about a transition rather than a departure. Emily Dalton Smith, the Meta executive who had spent barely two months running the company’s push to reorganise itself around AI agents, is leaving. She joined Meta in 2015. She is going just as the work she was hired to lead was […]

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Trump says Apple will build chips with Intel in the US

The news that Apple had agreed to make its chips in the United States did not come from Apple. It came, on Thursday, from a post by President Donald Trump on Truth Social, announcing that the company had agreed to work with Intel to design and manufacture chips on American soil. Apple, for its part, […]

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Parafin lands a Goldman Sachs credit facility to embed lending inside Amazon, DoorDash, and Walmart

Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company’s model is straightforward. […]

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ECB’s Lagarde says AI could trigger financial crises and calls for Cold War-style non-proliferation governance

ECB President Christine Lagarde warned on Wednesday that artificial intelligence could trigger dangerous financial crises and called for global AI governance modelled on the Cold War-era non-proliferation agreements that kept the world safe from nuclear weapons. She spoke in Venice, the sharpest framing yet from a central bank chief on the systemic risks AI poses […]

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The Trump Mobile T1 was supposed to be made in America. It’s a Taiwanese phone with a gold coat.

The Trump Mobile T1 is here, and it is not what was promised. When Donald Trump’s eldest sons unveiled it at Trump Tower a year ago, the pitch was a gold-coloured handset with an iPhone resemblance, proudly made in the US. What shipped is a rebranded HTC U24 Pro, a Taiwanese midrange phone from mid-2024, […]

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A Colombian AI startup wants to assist half of Latin America’s doctors. Andreessen Horowitz just backed it.

Telepatia, an AI clinical assistant built for Latin American healthcare, has raised $33 million in a Series A led by Andreessen Horowitz. The company wants to reach half of the region’s 1.9 million doctors by the end of 2027. Total funding is now $42 million, with early backers including Palantir CTO Shyam Sankar, Rappi founder […]

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