Weekend Round-Up: OpenAI's New Guardrails, China's Power Surge, Softbank's Funding Race And TikTok's US Venture

Weekend Round-Up: OpenAI's New Guardrails, China's Power Surge, Softbank's Funding Race And TikTok's US Venture

From OpenAI's strategic moves to China's power capacity surpassing the U.S., here's a recap of tech news from this week.

SoftBank Scrambles to Secure $22.5B for OpenAI as AI Race Heats Up

What Is SoftBank Trying to Finance? SoftBank is working to finalize a $22.5 billion funding commitment to OpenAI before the end of the year, assembling cash through asset sales, balance-sheet liquidity, and borrowing backed by listed holdings, according to sources cited by Reuters. The funding forms part of SoftBank’s broader pledge to invest up to $30 billion in the AI company, agreed earlier this year. The commitment represents one of the larg…