tech infrastructure

OpenAI expects to burn $278B in cash by 2030

OpenAI is in early discussions with investors about raising a new funding round that could value the maker of ChatGPT at $1.2 trillion to as much as $1.5 trillion, roughly doubling its most recent private valuation and potentially crowning it…

ByteDance secures $29.6B loan to fund AI buildout

ByteDance has landed a $29.6 billion loan, Asia's second-largest dollar-denominated borrowing this year, as the TikTok parent accelerates spending on artificial intelligence infrastructure. The deal nearly tripled the $10.8 billion the company raised in its last offshore facility in 2024.