Wednesday, December 14, 2022

Elon Musk's banks to book Twitter loan losses, avoid big hits: sources

Twitter's lenders, led by Morgan Stanley, could face billions of dollars in losses if they tried to do so now, as investors shy away from buying risky debt during a period of economic uncertainty, market participants said.

from Tech-Economic Times https://ift.tt/usFvy9W

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...