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OPay Limited, a digital financial platform for emerging markets, is filing for an IPO on the New York Stock Exchange to raise up to $336 million.

SoftBank Group Corp.'s market value could drop to half its June peak as higher borrowing costs raise worries about its large AI investments.

Asian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season.Server-maker Super Micro Computer also provided a fillip to buying sentiment as it said preliminary quarterly earnings had come in better than forecast.

OpenAI is aiming to raise $30 billion before Anthropic goes public, with a valuation that could exceed $1.4 trillion, amid scrutiny of AI spending.

Henry Blodget, founder of Business Insider, pointed out that Anthropic’s month-over-month revenue growth flattened last month. Neocloud company CoreWeave (NASDAQ: CRWV) is paying as much as 13% on new debt, if it can raise the money. Trading in its credit default swaps on the debt has ballooned. SoftBank, which owns several large AI companies, also […]

OpenAI (NASDAQ:OAI) is seeking approximately $30 billion in additional funding as it looks to secure investor commitments ahead of rival Anthropic’s (NASDAQ:ANTP) anticipated stock market debut in mid-November, according to a Reuters report published on Monday.

SoftBank Group Corp.'s credit risk, measured by credit‑default swaps, has risen to a four‑year high due to concerns over AI funding and a potential large acquisition.