Evening Scan

SoftBank's OpenAI bet just got a lot more leveraged, and Amazon picked a fight with Meta over who gets to shop on your behalf. Two competing bets on who controls the next layer of the internet.

SoftBank looks to raise $11B+ in junk bonds for its OpenAI stake (paywall)

$10B and €1B combined would make this one of the largest junk bond sales ever — a striking way to fund an already-enormous bet. (Bloomberg)

Amazon blocks Meta's Muse AI agent from shopping on Amazon.com

Citing ToS violations and merchant consent, Amazon draws a hard line on agentic shopping before the category even matures. (GeekWire)

GM brings CarPlay back to 2027 trucks

GM abandoned its in-house infotainment stack after customers rejected it. (Autoweek)

ScrollEd wants to turn textbooks into TikTok

A Palo Alto startup betting that if students won't put down the phone, the phone should teach them something. (TechCrunch)

"Relieved of the laws we do have" — Jensen Huang's read on why AI leaders are asking for regulation. *(Business Insider)