In an age of unprecedented disruption and opportunity, success depends on what you do with your data and how fast you do it.

This is the era of AI. This is the era of KX.

KX, survival of the fastest.

Here's your TNB Tech Minute for Tuesday, April 1st.

I'm Victoria Craig for the Wall Street Journal.

The key to soft bank's fresh $40 billion

injection into Open AI, debt, and lots of it. Last week, we told you the artificial

intelligence platform was finalizing its latest funding round, by far one of the biggest

startup fundraisers of all time. To fund the first 10 billion, SoftBank will

borrow from Japanese Bank, Mizzuho, and other lenders. It expects that financing to be

completed in April, with the remaining three quarters of the total investment to come by early

2026. This debt financing strategy isn't a new one for SoftBank, but it isn't without risk.

Early tech leaders often falter, and none of the startups with early leads in generative AI

have shown that they can operate profitably.

Ratings agency SMP said today that SoftBank's financial position will, quote, likely deteriorate

as a result of this Open AI investment, and it could lead

to a ratings downgrade. Staying with AI, the head of META's AI research is leaving the company

in May after overseeing the department for nearly eight years. Joel Pino's departure comes at a time

the company is locked in a high-stakes race with rivals Amazon,

Microsoft, and Open AI to develop cutting-edge artificial intelligence technologies.

META plans to spend up to $65 billion this year as it ramps up spending on AI data centers.

That's an almost 70% jump from last year's allocation.

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