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...
Musk’s Bankers Consider Replacing Twitter Debt With Tesla Margin Loans
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What Google’s AI Catch-Up Reveals
Google is finally waking up. After weeks of excitement coursing through tech about OpenAI’s ChatGPT chatbot, paired with news coverage of how Microsoft plans to incorporate it into products like Bing and Word, Google has made a move. The tech company once seen as a leader in artificial intelligence on Monday unveiled its version of a conversational AI service, which it calls Bard. Google said...
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