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PIMCO is in discussions with Bank of America to provide roughly $14 billion in debt financing for a major data center project led by Oracle in Michigan, according to Bloomberg. If completed, the deal would position PIMCO as a key financial backer of Oracle’s Saline Township data center campus, a project tied directly to the […]
Intel has joined Elon Musk’s ambitious Terafab AI chip complex alongside Tesla and SpaceX, aiming to build next-generation processors for robotics and large-scale data center infrastructure. The partnership focuses on producing chips to support Musk’s long-term vision across: Autonomous vehicles Humanoid robots Space-based AI data centers Intel stated that its manufacturing expertise will help Terafab […]
Pershing Square, led by billionaire investor Bill Ackman, has proposed a $64 billion takeover of Universal Music Group (UMG), marking a renewed attempt to gain control of the world’s largest music label. The offer, structured as a mix of cash and shares, values UMG at about 30.40 euros per share, representing a 78% premium over […]