2026-05-12
China is earning roughly $500m an hour from exports, and AI-related goods are doing the heavy lifting
China’s export earnings have reached roughly $500m an hour, according to a Bloomberg calculation based on the latest customs data, with AI-related goods accounting for about half of the year-on-year growth that has driven the figure to record levels. Total Chinese exports rose 14.1% year-on-year in April to a record $359.4bn, comfortably ahead of consensus […]<br /> This story continues [...]
2026-05-12
Ilya Sutskever discloses $7bn OpenAI stake during Musk-OpenAI litigation
The former OpenAI chief scientist, who now runs Safe Superintelligence, gave the figure under oath. It places him among the largest individual shareholders in the company. Ilya Sutskever, the former chief scientist of OpenAI who now runs Safe Superintelligence Inc., disclosed during testimony in the Musk-OpenAI litigation on Monday that his ownership stake in OpenAI […]<br /> This story co [...]
2026-05-12
ServiceNow lines up $4bn bond sale to refinance Armis acquisition debt
ServiceNow is looking to raise approximately $4bn in a US high-grade bond sale to refinance debt taken on to fund its acquisition of cybersecurity firm Armis Security, Bloomberg reported on Monday. JPMorgan Chase, Wells Fargo, Barclays and Citigroup organised investor calls on Monday ahead of the issuance. The trade will replace a $4bn unsecured term […]<br /> This story continues at The N [...]
2026-05-12
Ursula Von der Leyen pushes EU-wide social-media age protections for children
The European Commission president said an EU age-verification app is technically complete and that bloc-level rules on minimum social-media ages are next. France, Spain, and several others are already moving alone. European Commission President Ursula von der Leyen on Tuesday set out the EU’s plan to extend protections for children online, telling MEPs the bloc’s […]<br /> This story c [...]
2026-05-12
Sam Altman's personal investments face political scrutiny ahead of OpenAI's planned IPO
Sam Altman's personal investments face political scrutiny ahead of OpenAI's planned IPO.<br /> The article Sam Altman's personal investments face political scrutiny ahead of OpenAI's planned IPO appeared first on The Decoder. [...]
2026-05-12
Adfin raises $18m Series A from Index Ventures for agentic business finance
Visionaries Club returns; Stéphane Kurgan (ex-King COO) and Miro founder Andrey Khusid join. Total funding now over $30m in less than two years. The London fintech says its customers see late-payment rates 7x lower than the UK SME average. Adfin, the London-based fintech building an agentic money-movement platform, has raised $18m in a Series A […]<br /> This story continues at The Next W [...]
