Elon Musk may replace some of the high-interest debt he used to finance his takeover of Twitter with new margin loans backed by Tesla stock, reported Bloomberg . The news outlet said bankers led by Morgan Stanley and Musk’s advisers have discussed a refinancing to lower the burden of the $13 billion in debt, which saddles the business with $1.3 billion in annual interest costs. An exodus of...
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Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but don’t share the code....
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