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Source: Beijing-based Naive AI, which plans to release its first AI model as early as this month, is now valued at $1.4B after raising $400M in three rounds (Juro Osawa/The Information)

Juro Osawa / The Information : Source: Beijing-based Naive AI, which plans to release its first AI model as early as this month, is now v...

2 September 2024

Sources: ByteDance is tapping banks, including Citigroup and JPMorgan, for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia excluding Japan (Chien Mi Wong/Bloomberg)

Chien Mi Wong / Bloomberg:
Sources: ByteDance is tapping banks, including Citigroup and JPMorgan, for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia excluding Japan  —  - Loan carries greenshoe option that allows size to increase  — Citigroup, Goldman Sachs, JPMorgan are the loan coordinators

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