September 4, 2026

ByteDance secures $29.6 billion loan in AI push, sources say

HONG KONG, Sept 4 (Reuters) – ByteDance has secured a $29.6 billion loan from nearly 30 banks, three people with direct knowledge of the matter said ‌on Friday, with the Chinese social media giant’s bet on AI development driving strong interest from lenders.   The loan is the second-largest made in Asia this year after

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Musk’s xAI loses court bid to block Minnesota’s AI ‘nudification’ ban

WASHINGTON, Sept 4 (Reuters) – Minnesota’s first-in-the-nation ban on AI-generated fake nude images will remain in effect as a constitutional challenge by Elon Musk’s xAI proceeds, after ‌a federal judge on Friday declined to block the law at an early stage of the case. Musk’s xAI company argues the measure restricts free speech protected by the

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