Funding and capital markets

ByteDance, China, September 4: the company's three-year unsecured loan has grown from US$20 billion to US$29.6 billion, according to reports. The proceeds are officially for general corporate purposes; any AI link comes from sources only.

Anthropic, United States, September 4: sources say IPO marketing has moved to mid-October and a US$15 billion revolving credit facility is being finalised; there is no public prospectus.

Nscale, United Kingdom, September 4: one source says financing talks of around US$3.5 billion are under way ahead of an IPO; terms may change.

Moonshot AI, China, September 4: sources say the Kimi developer has made a confidential filing for a Hong Kong IPO targeting US$3 billion; not confirmed.