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Chronicles

The story behind the story

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Sources: SoftBank is nearing a deal for a $5B margin loan secured by Arm shares in order to fund additional investment in OpenAI later this year

Bloomberg :

Bloomberg

Discussion

  • @finalgirlboss VaJenell Hugh-Briss on bluesky
    This is throwing good money after bad, and they know it.  [embedded post]
  • @tuckerslaw Malcolm V Tucker on bluesky
    In 'but it's not a bubble' news.  [embedded post]
  • @edzitron.com Ed Zitron on bluesky
    they're running out of money.  also they need $20bn for this unless their expectation is that the round is cut in half because OpenAI won't convert to a for profit [embedded post]