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AI chips get an A-rating
CoreWeave borrowed $8.5 billion against its GPU clusters at a rate normally reserved for utilities and railroads — the first time graphics chips have been rated safe enough for pension funds to lend against.
The penny-warrant template
Meta committed to roughly $100 billion of AMD chips and handed AMD a warrant for 160 million shares at a penny each — the same terms OpenAI signed five months earlier, now run a second time.
The unwound acquisition
China ordered Meta to undo its ~$2.5B purchase of the AI-agent startup Manus four months after the deal closed — the first time Beijing has forced a fully completed acquisition to come apart.
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