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The banks that loaned Musk $13B to buy Twitter might be having regrets ... and more tech news
Manage episode 435562649 series 3548939
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X looks like a pretty bad investment right about now. As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called; OpenAI signs deal to train on Condé Nast content, surface stories in ChatGPT; WeTransfer’s expiry dates haven’t gone away, but you can at least extend them; Is your company AI-washing? Rippling founder Parker Conrad thinks it might be.
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