Akash Sriram / Reuters:
SoftBank says it has secured a $40B bridge loan maturing in 2027 from JPMorgan Chase, Goldman Sachs, and other banks, to fund further investment in OpenAI  —  SoftBank Group (9984.T) said on Friday it has secured a $40 billion loan through a bridge facility to fund further investments …

Reuters:
Sources: Alibaba and ByteDance plan to order Huawei's new 950PR AI chip after tests show better CUDA compatibility; Huawei targets ~750K 950PR shipments in 2026  —  Customer testing of Huawei's new AI chip, designed to challenge Nvidia (NVDA.O) in the China market, has gone …

Wall Street Journal:
Sources: Moonshot AI may scrap its Cayman structure for a China or Hong Kong entity to prepare for a Hong Kong IPO and plans to raise funding at ~$18B valuation  —  Markets will be watching to see if the company can replicate the success of recent listings by other Chinese AI companies

Andrew Deck / Nieman Lab:
Meta's Oversight Board says Community Notes aren't a proper substitute for fact checking, and warns expanding them beyond the US could pose human rights risks  —  On Thursday, Meta's Oversight Board, a quasi-independent body that reviews the social media giant's moderation practices …

Zoltan Vardai / Cointelegraph:
Tazapay, which builds cross-border payment infrastructure for fintech and web3 firms, says it closed a Series B extension, bringing its total Series B to $36M  —  Tazapay said Circle led a Series B extension that brought total funding to $36 million as the company expands cross-border payment rails.