Amazon makes market history with largest corporate bond sale ever seen
The $53.8bn deal will help fund its investment in OpenAI – as well as the company's own AI plans
www.ifre.com/bonds/239756...
Amazon makes market history with largest corporate bond sale ever seen
The $53.8bn deal will help fund its investment in OpenAI – as well as the company's own AI plans
www.ifre.com/bonds/239756...
OpenAI has secured US$110bn of cornerstone commitments from three of its core backers, as the ChatGPT owner moves ahead with what will now undoubtedly be the largest capital raise ever seen – with additional investors set to join as the round progresses
www.ifre.com/equities/239...
Moody's opinion threatens to derail off-balance-sheet data centre deals
The ratings agency has called the structures “opaque” and warned that companies using that financing route risk a “material” deterioration in their credit profiles
www.ifre.com/bonds/239094...
SoftBank is in talks with banks to borrow over $10bn to further increase its stake in OpenAI
It's already sold some of its most profitable investments and piled on debt - but is now set to double down
“Masa is a gambler ... it’s all about gut feeling”
www.ifre.com/bonds/238463...
SoftBank is in talks with banks to borrow over $10bn to further increase its stake in OpenAI
It's already sold some of its most profitable investments and piled on debt - but is now set to double down
“Masa is a gambler ... it’s all about gut feeling”
www.ifre.com/bonds/238463...
SpaceX acquisition of xAI brings relief to the lossmaking AI and social media platform
But the deal could complicate the rocket maker’s plans to launch the world’s biggest ever IPO this June
"If I were a SpaceX shareholder, I would be furious," said one investor
www.ifre.com/equities/238...
Oracle will ask investors to inject as much as $50bn into the company, as the beleaguered cloud computing provider seeks to address concerns over the gargantuan amounts of debt it is taking on to fulfil commitments made to hyperscaler clients such as OpenAI
www.ifre.com/bonds/237887...
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
<eyeballs>
The bill always comes due.
When OpenAI goes under - and it will, because it's grossly overvalued - it's going to make the 2000 dotcom crash look like a walk in the park
It's going to take out so many tech companies who have pinned their fortunes on Altman being able to pay his bills on time and in full
Hmmmm
Hmmmmmmmmmmmmm
Thank you, sir!
Great piece @garethgore.bsky.social
This quote: “OpenAI was only able to raise capital primarily from one investor – SoftBank – during its last fundraise, which is one signal that there are not a lot of investors that are willing to participate at this size.”
<grimace>
Do you hear that, Mr Altman...
OpenAI faces a $20bn black hole in its accounts this year, as a series of buy now, pay later deals with suppliers start to come due
It makes 2026 a make-or-break moment for the company, raising questions about whether it could buckle under the weight of its commitments
www.ifre.com/people-and-m...
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
Driving the selloff are concerns that Oracle is assuming too much financial risk to build data centres and buy chips to fulfil contracts with hyperscaler clients that won’t generate any revenue for years – assuming they are able to pay at all
www.ifre.com/people-and-m...
Oracle initially rallied on the news of the OpenAI deal in early September, with its market capitalisation almost reaching US$1trn
But Oracle shares have since fallen by more than 40%, wiping more than US$430bn off its valuation
At the centre of the dispute is a $38bn loan for data centres in Texas and Wisconsin that are part of the Stargate supercluster being developed by OpenAI, Oracle and SoftBank
The deal, which is being arranged by JP Morgan and MUFG, is yet to close
www.pfie.com/americas/233...
The complaint alleges that Oracle was “already planning” to increase its borrowings and “seek billions of dollars of additional debt” at the time of the deal
It says Oracle chose not to disclose that information to investors, a violation of securities laws
iapps.courts.state.ny.us/nyscef/ViewD...
Bonds issued as part of the $18bn deal in September sold off on the news
By mid-December, investors in the deal were sitting on more than $1.3bn of paper losses
www.ifre.com/bonds/235747...
The claims are linked to a $18bn bond sale from Oracle last September
Investors say they “suffered significant losses and damages” when reports emerged of a separate $38bn loan being taken out by the company a few weeks later
www.ifre.com/people-and-m...
Oracle is being sued by bond investors, who say it misled them about the amount of debt it would need to take on to fulfil its $300bn deal with OpenAI
Larry Ellison, two executives and sixteen banks are named as co-defendants in the lawsuit
www.ifre.com/bonds/236980...
OpenAI faces jury trial after judge sides with Musk over "ill-gotten gains"
The case could threaten its $10bn deal with Microsoft and complicate efforts to finance its huge AI ambitions
www.ifre.com/equities/236...
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
Elon Musk's xAI shakes off the recent Grok controversy to raise $20bn for its AI buildout
The deal, backed by Valor and the Qataris, is one of the largest private company funding rounds of all time
www.ifre.com/equities/236...
