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A group of senior creditors to JetBlue Airways has reportedly hired financial and legal advisors as the airline faces mounting financial pressure, falling bond prices and rising fuel costs that have complicated turnaround efforts.The creditors are working with investment bank PJT Partners and law firm Akin, according to The Wall Street Journal, which cited people familiar with the matter.JetBlue's roughly $2 billion in senior secured notes due in 2031 fell […]

Anthropic on Monday released the prospectus for its highly anticipated initial public offering (IPO) as the tech giant looks to raise capital to help further its AI ambitions.The company's prospectus shows Anthropic has seen rapid growth over the last year, as well as mounting costs amid deep investment in the infrastructure needed to power artificial intelligence (AI) models.The AI lab's stock will trade on the Nasdaq under the ticker symbol […]

Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity.Musk announced the financing on Sunday, saying SpaceX was able to secure the money because of its investment-grade status and revenue generated outside AI through its Starlink satellite internet and rocket launch businesses."SpaceX closed $40B of […]