L’Évident Mag - Derniers articles

Spelman President on Federal Funding, AI Popularity

admin — Fri, 07 Aug 2026 17:10:08 -0400

Spelman College President, Dr. Ayanna Howard, sits down with Romaine Bostick to discuss the impact of federal funding rollbacks for HBCUs, and the impact of AI on college graduates. (Source: Bloomberg)

Akamai CEO on Earnings, Cloud Industry, New Investment

admin — Fri, 07 Aug 2026 16:40:05 -0400

Akamai's shares declined following the release of its second-quarter earnings report, despite the company beating earnings estimates. Tom Leighton, Co-Founder and CEO of Akamai, joined the program to discuss the company's performance and recent developments. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

SoftBank-Backed 3D Printer Maker Formlabs Is Said to Weigh IPO

admin — Fri, 07 Aug 2026 16:30:06 -0400

Formlabs, a maker of 3D printers, is in early talks with potential advisers for an initial public offering, according to people familiar with the matter.

Gen CEO on Earnings, New Cybersecurity Attack Tracker

admin — Fri, 07 Aug 2026 16:20:04 -0400

Gen Digital's shares are reaching their highest levels in nearly a year following an upward revision of its earnings forecast. Vincent Pilette, President and CEO of Gen Digital, expressed strong confidence in sustaining double-digit growth over the coming quarters, driven by increased demand for cybersecurity solutions amid growing concerns related to AI and agentic technologies. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

JPMorgan Boosts Tech Bond Sales Outlook as AI Debt Binge Expands

admin — Fri, 07 Aug 2026 15:20:04 -0400

JPMorgan Chase & Co. sees bond sales from technology-related firms exceeding half a trillion dollars this year, as hyperscalers’ appetite to deploy capital for the artificial intelligence buildout shows no sign of abating despite growing investor fatigue.

US Sanctions Iranian Crypto Exchanges As Talks Continue

admin — Fri, 07 Aug 2026 15:15:05 -0400

The US ramped up economic pressure on Iran with more sanctions targeting digital asset exchanges and networks connected to the country’s shadow-banking system, as Washington seeks leverage amid ongoing negotiations over the war.

US Sanctions Iranian Digital Exchanges as Trump Promises Deal

admin — Fri, 07 Aug 2026 14:10:06 -0400

The US ramped up economic pressure on Iran with more sanctions on digital asset exchanges and networks connected to the country’s shadow-banking system, as President Donald Trump says Washington and Tehran are coming close to an agreement.

OpenAI Pauses Some Work on New Astra Model Over Cyber Concerns

admin — Fri, 07 Aug 2026 13:30:04 -0400

OpenAI is pausing some internal work around one of its upcoming artificial intelligence models to implement stricter safeguards after the system was found to be significantly more adept at cybersecurity tasks.

Why Twilio Sees More AI Upside Ahead

admin — Fri, 07 Aug 2026 13:10:05 -0400

Twilio shares surged after the cloud communications company beat expectations and delivered record profitability and free cash flow. CEO Khozema Shipchandler joins Bloomberg to explain why AI is still only a modest contributor to revenue today, how Twilio’s global communications infrastructure creates a competitive moat, and why he sees agentic AI as a long-term tailwind for the business. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

World Cup Gives DraftKings a New Growth Engine

admin — Fri, 07 Aug 2026 13:05:06 -0400

DraftKings shares rallied as investors looked beyond a disappointing quarter to stronger momentum heading into the second half of the year. CEO Jason Robins joins Bloomberg to discuss how the World Cup brought in new and returning customers, why engagement remained strong after the tournament ended, and how DraftKings is approaching the increasingly competitive prediction-markets business. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

FCC Removes Nationwide Cap Limiting Local TV Ownership

admin — Fri, 07 Aug 2026 13:00:07 -0400

The Federal Communications Commission voted along party lines Thursday to repeal a nationwide audience cap that historically has limited the number of TV-viewing households a single broadcaster could reach. FCC Chairman Brendan Carr led the vote overturning two decades of precedent in favor of a new case-by-case approach and teeing up a legal issue that is almost certainly headed for federal appeals court. Bloomberg's Matthew Schettenhelm joined Bloomberg Intelligence to discuss. (Source: Bloomberg)

EU Accelerates Sovereign Satellite Plans Citing Defense Needs

admin — Fri, 07 Aug 2026 12:30:06 -0400

The European Union said it’s bulking up plans for a sovereign satellite constellation and will accelerate its service launch by a year to 2029, citing a changing security environment that will require greater communication capacity.

Lyft Is Transforming Into a Global Brand, CEO Says

admin — Fri, 07 Aug 2026 12:10:05 -0400

Lyft CEO David Risher discusses the company's growth compared to Waymo, its plans to expand internationally and where Lyft is focused internally. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

QVC Issues $1.2 Billion of 10% Yield Debt as It Exits Bankruptcy

admin — Fri, 07 Aug 2026 12:00:06 -0400

QVC Group has issued $1.2 billion in so-called take-back debt as part of its emergence from Chapter 11 bankruptcy, with the TV shopping network looking to grow its digital footprint.

Tanger CEO Yalof on Retail Traffic, Holiday Sales Outlook and AI

admin — Fri, 07 Aug 2026 11:30:06 -0400

Tanger CEO Stephen Yalof says consumer spending has been strong amid the back-to-school shopping season. Speaking on "Bloomberg Open Interest," Yalof says the World Cup helped drive retail traffic and discusses the outlook for the holiday shopping season. (Source: Bloomberg)

What DeepMind's Shakeup Means for the UK's AI Ambitions

admin — Fri, 07 Aug 2026 10:30:07 -0400

Demis Hassabis' departure as head of DeepMind has weakened London's bid to stay in the AI race. Mark Bergen explains the "gravitational shift" happening at Google. (Source: Bloomberg)

SK Hynix Is Said to Mull Options for $3 Billion Chongqing Assets

admin — Fri, 07 Aug 2026 09:45:08 -0400

South Korea’s SK Hynix Inc. is considering options for its Chongqing, China-based facility, including bringing in an investor to help accelerate growth, according to people with knowledge of the matter.

Indra Wins €1.6 Billion Contract With EU Satellite Project

admin — Fri, 07 Aug 2026 08:35:07 -0400

Indra Sistemas SA’s satellite operator Hispasat won a role as the primary contractor on a project valued at more than €1.6 billion ($1.8 billion) to provide services to the European Union’s IRIS² satellite network, part of Europe’s ambitions to build its own secure communications constellation.

Must Focus on AI Governance, Security, Control: Blundell

admin — Fri, 07 Aug 2026 07:15:05 -0400

Rory Blundell, CEO and co-founder of Gravitee, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the importance of governance, security, and control in the rapidly evolving AI landscape. (Source: Bloomberg)

Apple Moves to Capitalize on iPhone Desire in India

admin — Fri, 07 Aug 2026 07:05:06 -0400

The iPhone maker has added stores and financing deals to get more users

DeepSeek’s Plan to Raise Prices Have a Whole Industry Watching

admin — Fri, 07 Aug 2026 06:35:07 -0400

A price hike could blunt the competitiveness of the hard-charging Chinese AI industry.

UK to Tighten Land Rules Used by Aldi and Lidl to Avoid Rivals

admin — Fri, 07 Aug 2026 06:15:04 -0400

Discount supermarkets Aldi and Lidl should no longer be able to block rivals from opening stores near their sites in the UK, the antitrust regulator said as it seeks to level the playing field for the country’s grocers.

US Reviews China’s Offshore Access to Nvidia Chips After AI Breakthroughs

admin — Fri, 07 Aug 2026 05:30:07 -0400

A key US agency is reviewing how Chinese AI firms acquire and access Nvidia Corp. chips overseas, following a spate of technological breakthroughs that highlighted their ability to use the cutting-edge hardware despite Washington’s restrictions on shipments to the Asian country.

AI Is Creating More Jobs Than It Cuts in India, Nomura Says

admin — Fri, 07 Aug 2026 05:00:08 -0400

India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.

SK Hynix to Spend $38 Billion on Chip Fab Expansion in Korea

admin — Fri, 07 Aug 2026 03:50:05 -0400

SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, the memory chip maker said in a statement Friday.

SK Hynix to Spend $38 Billion on Chip Factory Expansion in Korea

admin — Fri, 07 Aug 2026 03:40:05 -0400

SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, the company said in a statement Friday.

China’s Top AI Model Evaded Testing Environment, Researchers Say

admin — Fri, 07 Aug 2026 03:15:05 -0400

Chinese firm Moonshot’s latest artificial intelligence model broke out of a cyber-testing environment, researchers said, in the latest incident that raises concerns about how well AI companies control their technology.

Chinese AI Chipmakers Poised to Gain From Beijing’s Tech Push

admin — Thu, 06 Aug 2026 23:45:11 -0400

China’s AI chip designers are expecting bumper sales this earnings season off the back of Beijing’s push to get local firms to use homegrown components and reduce their reliance on American tech.

BMI's Chowdhury on Copper, Gold, Oil Markets

admin — Thu, 06 Aug 2026 22:50:06 -0400

Sabrin Chowdhury, Head of Commodities Research at BMI, discusses the outlook for precious metals and oil markets following reports that Iran attacked “hostile targets” in the Strait of Hormuz. She speaks with Haidi Stroud-Watts on Bloomberg: The Asia Trade. (Source: Bloomberg)

AI Data Center Group Firmus Draws $2 Billion From Coatue, Nvidia

admin — Thu, 06 Aug 2026 21:55:07 -0400

AI data center company Firmus raised $2 billion in a funding round backed by Coatue Management, Nvidia Corp., Blackstone Inc. vehicles and Jane Street, the company said.

SK Hynix Directs Chip Windfall Into Korean Corporate Bond Market

admin — Thu, 06 Aug 2026 21:40:05 -0400

The AI boom has prompted global tech giants to raise billions issuing bonds, but for at least one major manufacturer the involvement in credit markets doesn’t stop there.

Tencent AI Spending Key After Magnificent 7 Rout

admin — Thu, 06 Aug 2026 21:10:05 -0400

Tencent Holdings Ltd.’s spending plans will draw investor scrutiny as investors cool on lavish outlays on artificial intelligence.

Atlassian Shares Surge as Revenue Jump Douses AI Fears

admin — Thu, 06 Aug 2026 19:25:05 -0400

Atlassian Corp. shares surged in after-hours trading after quarterly revenue climbed, easing concerns that the software services company would be overtaken by artificial intelligence applications.

Markets Slip as Rising Yields Pressure Tech | The Close 8/6/2026

admin — Thu, 06 Aug 2026 18:35:07 -0400

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Kestra Investment Management CIO Kara Murphy, e.l.f. Beauty CEO Tarang Amin, Klaviyo CEO & Co-Founder Andrew Bialecki, CAIS Founder, Chairman, & CEO Matt Brown, Manulife John Hancock Investments Co-Chief Investment Strategist Emily Roland, Placer.ai Analytical Research Head R.J. Hottovy, GoodRx CEO Wendy Barnes, Elanco Animal Health President & CEO Jeff Simmons, RXO CEO Drew Wilkerson, & The Conference Board CEO Steve Odland. (Source: Bloomberg)

Conference Board CEO on C-Suite Optimism, Hiring Plans

admin — Thu, 06 Aug 2026 18:05:05 -0400

Steve Odland, CEO of the Conference Board, discussed the latest CEO confidence survey results, which showed an increase from 47 to 52 between the second and third quarters of 2026, moving the index into positive territory. The second quarter's negative reading was largely attributed to geopolitical tensions in the Middle East, particularly the war in Iran and the resulting spike in oil prices to around $120 per barrel. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

RXO CEO on Earnings Beat, Freight Market Outlook

admin — Thu, 06 Aug 2026 17:40:05 -0400

RXO, a leading freight broker, reported second quarter results showing a 25% increase in revenue and adjusted EPS exceeding analyst estimates by 6 cents. CEO Drew Wilkerson highlighted that the company is in the early stages of a freight recovery, driven by a significant rise in spot rates that currently outperform contract rates. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

CAIS CEO Talks New Funding Round, AI’s Fintech Impact

admin — Thu, 06 Aug 2026 17:30:05 -0400

Matt Brown, Founder, Chairman, and CEO of CAIS, discussed the company's recent $170 million Series D funding round led by Vista and supported by Allianz Bernstein, Blue Owl, and Carlyle, which values the alternative asset investment platform at over $2 billion—more than double its previous valuation. Brown highlighted CAIS's 37% organic growth and explained that the new capital will be used to pursue strategic mergers and acquisitions in response to ongoing fintech industry consolidation, enhance AI capabilities to improve the platform's user experience for advisers and asset managers, and provide liquidity to long-term shareholders through an institutional tender offer facilitated by Nasdaq Private Markets. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Klaviyo CEO on Revenue Growth, E-Commerce Outlook

admin — Thu, 06 Aug 2026 17:25:07 -0400

Andrew Bialecki, CEO of Klaviyo, discussed the company's recent financial performance and growth strategy following a quarter with 26% revenue growth, reaching an almost $1.5 billion run rate. Despite a sequential slowdown from previous higher growth rates, Bialecki emphasized the company's durable growth driven by a broad customer base of over 205,000 businesses, including new large clients such as Warner Music Group and the San Francisco 49ers. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Google’s Shakeup Complicates Race With OpenAI, Anthropic

admin — Thu, 06 Aug 2026 17:05:08 -0400

The tech giant is entering a new period of transition.

Cloudflare Lifts Annual Profit Outlook, Beats Wall Street Target

admin — Thu, 06 Aug 2026 16:40:05 -0400

Cloudflare Inc. gave a forecast for profit this year that topped Wall Street’s estimates, suggesting that demand for networking services continued to accelerate amid rapid adoption of artificial intelligence.

Lyft Delivers Bookings Beat With Premium Rides, Misses on Income

admin — Thu, 06 Aug 2026 16:35:05 -0400

Lyft Inc.’s second-quarter bookings beat expectations, thanks to growing demand for premium rides and strength in European markets, while net income missed estimates.

Lyft Delivers Bookings Beat With Premium Rides, European Demand

admin — Thu, 06 Aug 2026 16:15:08 -0400

Lyft Inc. posted second-quarter bookings that beat expectations, citing growing demand for premium rides and strength in the European business it acquired last year.

Hackers Target Wall Street in New Set of Attacks

admin — Thu, 06 Aug 2026 16:10:06 -0400

Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, according to people familiar. Hedge funds have been the main target. Mandeep Singh of Bloomberg Intelligence takes a closer look at what companies are doing to try and protect themselves and how stocks could be impacted. (Source: Bloomberg)

What Is OpenAI’s Device? A Doughnut-Shaped Speaker That Costs Over $300

admin — Thu, 06 Aug 2026 16:05:06 -0400

A highly anticipated new device from OpenAI will have a unique look, complete with moving parts that help give it personality, and likely cost more than $300, according to people familiar with the matter.

Google Grapples With Exit of AI Pioneer and ‘Most Google Person’

admin — Thu, 06 Aug 2026 16:00:08 -0400

Days after Google unveiled its first Gemini chatbot in 2023 to compete with ChatGPT, Jeff Dean went to an AI conference where he was promptly swarmed by attendees. Suddenly, the Google executive looked at his watch and realized he was due to give a talk minutes later, spurring a rush to take selfies with the influential tech leader before he left.Now, it’s the employees at Google who are bracing for the AI pioneer’s exit. Dean, who started at the company more than two decades ago, said Wednesday

Why Universal Music Is Struggling to Impress Investors

admin — Thu, 06 Aug 2026 15:40:05 -0400

In the new AI-era of music, major labels are still scrambling to explain their value

Nscale Touts $51 Billion in Contracts, Targets September US IPO

admin — Thu, 06 Aug 2026 14:20:05 -0400

Nscale is telling prospective investors it has about $51 billion of total contracted revenue ahead of a US initial public offering that could take place as soon as in September, according to people familiar with the matter.

Situational Awareness Invests in Sequoia-Backed Company

admin — Thu, 06 Aug 2026 14:05:08 -0400

Leopold Aschenbrenner, who runs the hedge fund Situational Awareness, has invested $400 million in a company backed by Sequoia Capital. Alfred Lin and Pat Grady, both partners at Sequoia, say they're impressed with Aschenbrenner so far. They speak on "Bloomberg Tech." (Source: Bloomberg)

AI Storage Demand Still Growing, Says WD CEO

admin — Thu, 06 Aug 2026 14:00:07 -0400

Western Digital (WD) says the AI infrastructure buildout is creating sustained demand for data storage, even as investors reacted to a softer near-term outlook. CEO Irving Tan joins Bloomberg to explain why hyperscaler demand remains strong and how the company is increasing hard drive capacity. He says long-term supply agreements suggest AI's storage needs will continue to grow well into the next decade. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Low Wages Are Costing Taxpayers

admin — Thu, 06 Aug 2026 13:00:08 -0400

The number of Fortune 500 companies with thousands of need-based beneficiaries in their employ speaks less about the labor market than it does about the collapsing sense of fairness in the US tax system, says Bloomberg Opinion columnist and economist Kathryn Anne Edwards. (Source: Bloomberg)

Mexico Bans Oil and Gas Fracking in Key Basin, Sheinbaum Says

admin — Thu, 06 Aug 2026 12:35:05 -0400

Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas.

Google Wallet Now Lets Parents in the US Send Money Directly to Kids

admin — Thu, 06 Aug 2026 12:05:06 -0400

Alphabet Inc.’s Google is adding more parental controls to Google Wallet, including making it possible for parents in the US to send money directly to their children.

Alphabet Lures Investors to Mega Bond Deal With High Premiums

admin — Thu, 06 Aug 2026 11:50:06 -0400

Alphabet Inc. is looking to raise as much as $25 billion from its latest US investment-grade bond offering, a deal that is testing investor appetite for AI-related debt following a July selloff. Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses the bond offering as well as Google's Deepmind departures, and leadership shift to California. (Source: Bloomberg)

Chevron’s Kazakh Oil Field Accused of Waste-Storage Violation

admin — Thu, 06 Aug 2026 11:40:06 -0400

The Chevron Corp.-led Tengiz oil field, the largest in Kazakhstan, has been accused by regional authorities of storing waste at the site without an appropriate permit.

Google’s DeepMind Shakeup Weakens UK Bid to Stay in AI Race

admin — Thu, 06 Aug 2026 10:50:06 -0400

For years, Demis Hassabis was the only executive to oversee a US technology giant's artificial intelligence development from outside the country. Now, no one does.

DeepSeek Resumes $8 Billion Round With Monolith in the Running

admin — Thu, 06 Aug 2026 10:15:06 -0400

DeepSeek has resumed its second funding round, seeking close to $8 billion, with Monolith Management in talks to contribute, according to people familiar with the matter.

Bose Debuts Revamped QuietComfort Headphones With Better Noise-Cancellation

admin — Thu, 06 Aug 2026 09:05:06 -0400

Bose Corp. introduced the latest version of its QuietComfort Headphones, which have a revamped design, improved active noise cancellation and several features carried over from the higher-end “Ultra” model.

US Futures Mixed as Traders Weigh Memory Results, Iran Progress

admin — Thu, 06 Aug 2026 08:20:05 -0400

US stock futures were mixed during the premarket session on Thursday as investors weighed progress in the Middle East and grappled with the continued fracturing in the artificial-intelligence trade following results from key memory names.

China’s Unitree Seeks $904 Million in First Mainland Robotic IPO

admin — Thu, 06 Aug 2026 07:35:05 -0400

China’s Yushu Technology Co., known as Unitree Robotics, is seeking to raise about 6.1 billion yuan ($904 million) in an initial public offering that would make it the mainland’s first publicly traded humanoid robot maker.

Leverage Shows Signs Market Is Overbought on Borrowed Money, Says Unlimited Funds CEO

admin — Thu, 06 Aug 2026 07:20:04 -0400

Bob Elliott, CEO and CIO at Unlimited Funds, discusses market FOMO in AI and chips which he sees as “classic bubble-type activity” and warns about the levels of leverage he sees across markets. (Source: Bloomberg)

Peloton Gives Disappointing Outlook in Setback to Comeback Bid

admin — Thu, 06 Aug 2026 07:15:07 -0400

Peloton Interactive Inc. forecast revenue for the fiscal 2027 year that came in below estimates, marking the latest setback for the fitness technology company.

Snapchat Users Bristle at Plan to Charge for Memories Storage

admin — Thu, 06 Aug 2026 07:05:07 -0400

The app plans to charge users a storage fee to save their content

Roche Uses Recursion AI to Uncover New Brain Disease Targets

admin — Thu, 06 Aug 2026 06:35:05 -0400

A new generation of AI companies believes it can reduce the number of failed drug trials.

SpaceX Lockup Expiration to Free $101 Billion in Stock

admin — Thu, 06 Aug 2026 06:30:06 -0400

Investors are bracing for the next potential hit to SpaceX shares when $101 billion worth of stock becomes available for trading on Thursday with the scheduled ending of a lockup agreement restricting insider share sales. Leen Al-Rashdan reports on Bloomberg Television. (Source: Bloomberg)

Huntington's Braddock Assesses Bank's Outlook in Texas

admin — Thu, 06 Aug 2026 06:10:04 -0400

Billy Braddock, regional group president at Huntington Bancshares Inc., discusses the bank's business in Texas after taking over Cadence Bank, the loan business in the state and the adoption of artificial intelligence. He speaks with Bloomberg's Julie Fine. (Source: Bloomberg)

SoftBank Secures $10 Billion Margin Loan Backed by OpenAI Stake

admin — Thu, 06 Aug 2026 05:50:05 -0400

SoftBank Group Corp. has secured a $10 billion margin loan backed by its stake in US tech giant OpenAI, marking another fundraising milestone in its bet on artificial intelligence.

China Launches Cybersecurity Review Into Palo Alto Networks

admin — Thu, 06 Aug 2026 05:20:04 -0400

China launched a formal security review into products sold by US technology firm Palo Alto Networks Inc. within the Chinese market.

'Reasonable' to Allocate in US Given Earnings, Wytenus Says

admin — Thu, 06 Aug 2026 03:55:05 -0400

Erik Wytenus, EMEA head of investment strategy at JPMorgan Private Bank, says robust earnings make it "reasonable to continue to allocate to a healthy degree to the US." He speaks on Bloomberg Television. (Source: Bloomberg)

SoftBank Profit Beats Expectations

admin — Thu, 06 Aug 2026 03:15:05 -0400

SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip-stock holdings. OpenAI’s Japanese backer is in the spotlight alongside concerns about climbing debt levels that AI service providers are taking on to spend on data centers and other infrastructure. Bloomberg's Neil Campling reports. (Source: Bloomberg)

Nintendo Tops Estimates With Tariff Refunds and Switch 2 Games

admin — Thu, 06 Aug 2026 03:10:04 -0400

Nintendo Co. reported stronger-than-expected earnings buoyed by tariff refunds from the US and strong sales of a pair of in-house titles for its flagship Switch 2 console.

Nintendo Tops Estimates With Strong Games and Tariff Refunds

admin — Thu, 06 Aug 2026 02:40:05 -0400

Nintendo Co. reported stronger-than-expected earnings buoyed by tariff refunds from the US and strong sales of a pair of in-house titles for its flagship Switch 2 console.

OpenAI Asks Judge to Toss Apple Suit Alleging Trade Secret Theft

admin — Thu, 06 Aug 2026 02:20:04 -0400

OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless.

Siemens Is Winning Customers in China, CEO Says

admin — Thu, 06 Aug 2026 02:00:06 -0400

Siemens Chief Executive Officer Roland Busch says the company is "very competitive" in China, where the automation business is doing "very well." He also comments on the data center business. Busch speaks on Bloomberg Television after Siemens raised its earnings expectations for a second time this year due to a surge in data center spending and higher returns from selling software to industry. (Source: Bloomberg)

Cybersecurity firm Aura CEO on 2Q26 Results

admin — Thu, 06 Aug 2026 01:15:05 -0400

Hari Ravinchandran, Founder and CEO of cyber-security platform Aura, discusses his outlook for the company's growth at it reported a 27-percent year-on-year increase in pro forma revenue. He says the firm is on track to generate positive free cash flow this year, following its acquisition of tech firm Qoria and its listing on the Australian Securities Exchange. He speaks with Haidi Stroud-Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Merck KGaA Lifts Guidance on Life Science, Electronics

admin — Thu, 06 Aug 2026 01:10:05 -0400

Merck KGaA lifted its full-year earnings and sales outlook thanks to a stronger performance in its lab equipment and electronics businesses.

Social Media Ban: How Do Limits For Children and Teens Work?

admin — Thu, 06 Aug 2026 00:35:06 -0400

Since Australia barred under-16s from using social media in late 2025, more than two dozen countries have either enacted their own bans or are weighing similar restrictions.

Inside Apple's iPhone Shift To India

admin — Wed, 05 Aug 2026 23:10:05 -0400

For years, China was the undisputed home of iPhone manufacturing. Today, India is producing all of Apple's latest iPhone models, emerging as the company's biggest manufacturing alternative to China. What changed? (Source: Bloomberg)

DeepSeek Plans ‘Significant’ Price Increase for Its AI Services

admin — Wed, 05 Aug 2026 23:05:05 -0400

DeepSeek plans to implement a significant price increase across its AI services, an unusual shift from the Chinese tech sector that has put pressure on US competitors with its aggressive pricing.

Chinese Renewable Energy Giant Envision Launches Data Center

admin — Wed, 05 Aug 2026 21:55:05 -0400

Envision Group has commissioned the initial phase of a gigawatt-scale data center in China’s Inner Mongolia, an unusual foray by a renewable energy company into the booming artificial intelligence industry.

OpenAI Models Joined Forces Months Ahead of Hugging Face Hack

admin — Wed, 05 Aug 2026 21:45:09 -0400

OpenAI said the artificial intelligence models behind an attack on Hugging Face Inc. began communicating with each other through undetected message boards, working together to break out of their testing environment as early as May.

Google Shifts AI Leadership to California in Race Against Anthropic, OpenAI

admin — Wed, 05 Aug 2026 20:55:06 -0400

Alphabet Inc.'s Google is concentrating its artificial intelligence leadership at its Mountain View, California, headquarters to gain momentum in the accelerating race against Anthropic and OpenAI to build the world’s dominant AI models.

Google Shifts AI Power to California in Race Against Anthropic, OpenAI

admin — Wed, 05 Aug 2026 20:05:05 -0400

Hedge Funds Targeted in Wave of Attempted Cyberattacks

admin — Wed, 05 Aug 2026 20:00:08 -0400

Hackers launched a wave of sophisticated attacks on Wall Street firms, targeting information systems at major money managers, according to people familiar with the matter. Bloomberg's Hema Parmar breaks down what we know about the topic. (Source: Bloomberg)

Meta AI Model Accessed Internet, Hacked Outside Firm in Testing

admin — Wed, 05 Aug 2026 19:15:05 -0400

Meta Platforms Inc. said one of its artificial intelligence models accessed the internet and hacked into an outside service’s systems during cybersecurity testing, following similar breaches by OpenAI and Anthropic PBC models that have escalated concerns about the companies’ control over their technology.

Samsung Pre-Orders of Latest Foldables Grow 30% From Last Year Ahead of Apple

admin — Wed, 05 Aug 2026 19:05:06 -0400

Samsung Electronics Co. touted strong early demand for its latest lineup of folding smartphones, saying that the Galaxy Z Fold 8, Z Fold 8 Ultra and Z Flip 8 are on pace to break the preorder records of all previous Z-series models.

A Chinese Spyware Tool Operates in 13 Countries, Cyber Firm Says

admin — Wed, 05 Aug 2026 18:55:06 -0400

A Chinese-built digital spyware tool has evolved into a more all-encompassing surveillance technology that’s in use in more than 13 countries, according to new research from a security firm.

BNY’s Portney on Global Digital Transfer Agency Launch

admin — Wed, 05 Aug 2026 17:50:04 -0400

BNY has announced a new partnership with Galaxy Digital aimed at enhancing its digital asset infrastructure, reflecting the bank's ongoing commitment to expanding its presence in the digital asset space. Emily Portney, BNY's Global Head of Asset Servicing Business, explained that this partnership enables BNY to offer staking services for digital assets held in custody. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

PsiQuantum CEO on Quantum Computing Progress, Chip Space

admin — Wed, 05 Aug 2026 17:35:06 -0400

Victor Peng, CEO of PsiQuantum, detailed the company's unique approach to quantum computing, emphasizing their use of photons as qubits and their deep expertise in photonics. He explained that their architecture inherently addresses challenges such as photon loss and bit flips through built-in error correction, highlighting significant progress toward full fault tolerance. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Starboard Reveals Shake Shack Stake | Bloomberg Deals 8/5/2026

admin — Wed, 05 Aug 2026 17:20:04 -0400

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Starboard CEO Jeff Smith, Salesforce Ventures Managing Director Emily Zhao, Dell Technologies Capital Managing Director Daniel Doctor, Breakout Ventures Co-Founder & Managing Partner Julia Moore, White & Case Global Co-Head of M&A Kimberly Petillo-Décossard, and DGB Investments Founder Douglas Bergerson. (Source: Bloomberg)

Meta Debuts AI Coding Agent in Race With OpenAI and Anthropic

admin — Wed, 05 Aug 2026 16:45:06 -0400

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg announced the release of the company’s first AI coding agent, known as Muse Code, stepping up competition with OpenAI and Anthropic PBC.

EBay Reports Second-Quarter Sales, Profit That Beat Expectations

admin — Wed, 05 Aug 2026 16:30:07 -0400

EBay Inc. reported second-quarter sales and profit that beat expectations, boosting confidence that its purchase of used clothing marketplace Depop strengthens its position against upstart Vinted.

DoorDash Issues Strong Outlook Fueled by Rise in Orders

admin — Wed, 05 Aug 2026 16:20:04 -0400

DoorDash Inc. issued a profit forecast that surpassed Wall Street expectations, citing a boom in paid subscribers who are ordering takeout and grocery more frequently.

Expedia Boosts Its Full-Year Sales Outlook on Strong Bookings

admin — Wed, 05 Aug 2026 16:10:05 -0400

Expedia Group Inc. raised its annual sales forecast, signaling that consumers aren’t being deterred by higher hotel prices and airfare.

AI Risks Require Tougher Cyber Defenses, Top US Officials Warn

admin — Wed, 05 Aug 2026 15:50:04 -0400

The US government’s top information security official warned that computer systems nationwide need to bolster their defenses to meet the growing threat of cyberattacks powered by artificial intelligence.

SolarEdge Says US Home Solar Market Weak Due to Financing Issues

admin — Wed, 05 Aug 2026 15:10:05 -0400

SolarEdge Technologies CEO Shuki Nir says uncertainty over new tax credit rules for home solar equipment has made it more challenging for providers to raise financing for the systems and has led to softer customer demand for panels.

AI Frenzy Splits VC Into Winners and Have-Nots

admin — Wed, 05 Aug 2026 14:45:06 -0400

Julia Moore, co-founder and managing partner at Breakout Ventures, Emily Zhao, managing director of Salesforce Ventures, and Daniel Docter, managing director at Dell Technologies Capital, join Dani Burger on "Bloomberg Deals." (Source: Bloomberg)

Iran-Linked Cyberattacks on US Water Utilities Continue

admin — Wed, 05 Aug 2026 14:30:05 -0400

The incidents are expanding and ongoing, according to an information-sharing center.

SpaceX's AI Push, Uber's Next Move and Zoox's Milestone | Bloomberg Tech 8/5/2026

admin — Wed, 05 Aug 2026 14:25:06 -0400

Bloomberg’s Ed Ludlow breaks down SpaceX's first earnings which revealed massive AI spending, an ambitious Starlink expansion and Elon Musk's latest bold prediction: a $100 billion annual revenue run rate by year-end. Plus, Uber CEO Dara Khosrowshahi joins to discuss the company's earnings and its robotaxi ambitions, and Zoox CEO Aicha Evans weighs in on the company's big commercial milestone of starting to charge for rides in Las Vegas. (Source: Bloomberg)

Microsoft’s AI Sales Mostly Come From OpenAI, Disclosures Show

admin — Wed, 05 Aug 2026 14:15:06 -0400

Microsoft Corp. generates most of its artificial intelligence revenue from OpenAI, according to new disclosures from the company.

Canada Billionaire Buys Half of Tech Fund, Commits $125 Million

admin — Wed, 05 Aug 2026 13:50:06 -0400

A Canadian real estate billionaire acquired half of tech investment firm Vistara Growth, committing as much as $125 million to a new fund in a deal with roots in a business school friendship formed three decades ago.

DIGI - Aicha Evans, Zoox CEO

admin — Wed, 05 Aug 2026 13:40:04 -0400

Zoox is entering a new phase of its business as it's getting ready to launch paid robotaxi rides in Las Vegas, becoming the first company in the US to charge for rides in a purpose-built, steering wheel-free autonomous vehicle. Zoox CEO Aicha Evans joins Bloomberg to discuss pricing, expansion plans and production ramp-up. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

SpaceX's AI Cloud Business Is Taking Off, Says Deutsche Bank

admin — Wed, 05 Aug 2026 13:35:07 -0400

SpaceX's AI cloud business is emerging as one of the company's fastest-growing businesses, according to Edison Yu, head of Global Space & Aerial Mobility at Deutsche Bank. He explains why leasing AI compute capacity could soon become SpaceX's biggest revenue driver, how the company is progressing toward orbital data centers, and why Starship remains the key to unlocking its long-term ambitions. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Be Diversified Within AI Trade: Pandit

admin — Wed, 05 Aug 2026 13:20:04 -0400

Meera Pandit, Global Market Strategist at JPMorgan Asset Management, says investors need to be diversified within the AI trade as she sees sentiment driving flows between different AI sectors, while fundamentals remain intact. She speaks to Bloomberg's Dani Burger and Michael McKee on "Open Interest." (Source: Bloomberg)

Trip Slowdown in Brazil Hurt Uber, CEO Says

admin — Wed, 05 Aug 2026 12:30:05 -0400

Uber Chief Executive Officer Dara Khosrowshahi says the business continues to grow and they're doing 300 million trips per week. But he admits there was a trip slowdown in Brazil because of more competition from local food delivery bikers. He speaks on "Bloomberg Tech." (Source: Bloomberg)

Cybersecurity Concerns After OpenAI, Anthropic Tests

admin — Wed, 05 Aug 2026 12:20:04 -0400

Evidence of OpenAI and Anthropic models using deception to carry out unsanctioned hacks has alarm bells ringing. Jordan Robertson explains why researchers shouldn't be surprised. (Source: Bloomberg)

Google DeepMind Boss Hassabis Moves to Chair Role in Shakeup

admin — Wed, 05 Aug 2026 12:15:06 -0400

Demis Hassabis, the head of Google DeepMind, is moving to a chairman role at Alphabet Inc.’s AI lab in a major reshuffle at the internet giant.

Uber CEO Sees No Sign of Consumer Slowdown

admin — Wed, 05 Aug 2026 11:55:08 -0400

Uber Technologies shares dropped after the company issued a bookings outlook that just met analyst estimates. Trips volume also fell short in the second quarter. Uber Chief Executive Officer Dara Khosrowshahi remains confident though and says there are no signs of a consumer slowdown. He also talks about expanding robotaxi partnerships in the US. He speaks to Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Brookfield Bets Big on AI Boom

admin — Wed, 05 Aug 2026 11:35:04 -0400

Brookfield Asset Management CEO Connor Teskey joined Bloomberg Open Interest to talk about how the firm is on track for a record-breaking fundraising year, fueled by surging demand for AI and infrastructure investments. He explains why the biggest challenge isn't capital. Instead, it's finding operators capable of building the next generation of data centers, power, and digital infrastructure fast enough. (Source: Bloomberg)

Carlyle CFO Plouffe on M&A Market, Private Credit and AI

admin — Wed, 05 Aug 2026 11:25:07 -0400

Carlyle CFO Justin Plouffe says the firm has maintained a strong pace of exits for more than a year, with broad-based realizations across regions including Japan, Europe and the US. Speaking on "Bloomberg Open Interest," Plouffe also discusses the M&A market, the "tricky" private credit environment and the opportunities in AI and data security. (Source: Bloomberg)

Amazon’s Zoox to Levy Fares, in US First for Controls-Free Taxis

admin — Wed, 05 Aug 2026 11:10:05 -0400

Amazon.com Inc.’s Zoox robotaxi division will start charging fares next week in Las Vegas, marking a first in the US for autonomous vehicles without driver controls.

Meta Apologizes to Indian Officials Over Removal of Modi’s Video

admin — Wed, 05 Aug 2026 10:50:05 -0400

Meta Platforms Inc. apologized to Indian officials for temporarily restricting a Facebook post of Prime Minister Narendra Modi, seeking to assuage the government’s concerns in a key growth market.

Griffin's Citadel Jumps Nearly 6% After Situational Awareness Deal

admin — Wed, 05 Aug 2026 10:00:06 -0400

Ken Griffin's flagship Citadel fund rose almost 6% in July after buying most of Situational Awareness's public stocks at a discount. Citadel is up almost 12% on the year. Fallout from the troubled artificial-intelligence Situational Awareness hedge fund is still rippling through markets. Bloomberg's Hema Parmar reports on "Bloomberg Open Interest." (Source: Bloomberg)

SpaceX’s $101 Billion Unlock Heaps Pressure on Battered Shares

admin — Wed, 05 Aug 2026 09:30:05 -0400

Investors hanging onto SpaceX shares after a plunge below their IPO price are bracing for the next potential hit, when $101 billion worth of stock becomes available for trading on Thursday.

Stray Piece of SpaceX Falcon 9 Rocket Slams Into the Moon

admin — Wed, 05 Aug 2026 09:25:07 -0400

A leftover piece of a SpaceX Falcon 9 rocket likely slammed into the surface of the moon early Wednesday, about 18 months after being sent into orbit.

PayPal Puts Revenue Targets on Key Units as CEO Reviews Strategy

admin — Wed, 05 Aug 2026 09:05:10 -0400

PayPal Holdings Inc.’s new chief executive officer, who’s stayed quiet publicly as potential suitors circle the firm, said he plans for the first time to break out results and assign revenue targets for its three main businesses to give investors a better sense of the units’ potential.

AI Focus Created Market Complacency: McLennan

admin — Wed, 05 Aug 2026 07:55:06 -0400

Matt McLennan, First Eagle Investments Head of Global Value Team, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the market complacency created by a high concentration in AI. (Source: Bloomberg)

Shopify Shares Soar as Revenue Outlook Beats Estimates

admin — Wed, 05 Aug 2026 07:35:06 -0400

Shopify Inc. shares rose as much as 33.8% in premarket trading after its third-quarter revenue outlook beat expectations.

Capex Is Only Way to Musk’s AI Vision for SpaceX, Says Dan Ives

admin — Wed, 05 Aug 2026 07:10:05 -0400

Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines the first quarterly report from SpaceX as the company disclosed higher-than-expected spending on its artificial intelligence business. (Source: Bloomberg)

AI Chatbots Seen in Survey as More Trustworthy Than Politicians

admin — Wed, 05 Aug 2026 07:05:05 -0400

Survey finds people view chatbots as providing more accurate, useful information than local leaders

Bezos, Arnault, Premji Pour Money Into AI Humanoid Robot Startups

admin — Wed, 05 Aug 2026 06:35:07 -0400

Family offices are particularly well-positioned to make these wagers.

Circle Revenue Misses Estimates as Crypto Markets Mired in Rout

admin — Wed, 05 Aug 2026 06:25:05 -0400

Circle Internet Group Inc. reported second-quarter revenue that missed Wall Street expectations after circulation of its stablecoin USDC fell from a peak amid a protracted slide in cryptocurrency markets.

Yann LeCun Joins New AI Investing Firm 224 Ventures

admin — Wed, 05 Aug 2026 06:05:04 -0400

Meta Platforms Inc.’s former chief AI scientist Yann LeCun, often called one of the “godfathers of AI,” is joining a new venture firm to invest in artificial intelligence startups.

Shein Is Said to Plan Gauging Investor Demand for Hong Kong IPO

admin — Wed, 05 Aug 2026 06:00:07 -0400

Fast-fashion retailer Shein Global Holdings Ltd. is planning to start gauging investor demand for its Hong Kong initial public offering as soon as this week, according to people familiar with the matter.

Sandisk Earnings Give Dip Buyers an Opening After Stock’s Plunge

admin — Wed, 05 Aug 2026 05:25:06 -0400

Sandisk Corp.’s high flying stock tumbled back to Earth last month. Its earnings after the market closes Wednesday will test whether strong results are enough to entice investors to buy in again.

US Ban on Chinese Optical Parts Hurts Hyperscalers, Report Says

admin — Wed, 05 Aug 2026 04:50:06 -0400

A potential ban on the import of Chinese optical transceiver modules into the US would inflict collateral damage on US hyperscalers, exacerbating a supply bottleneck that no American firm can ease, research firm Counterpoint warned on Wednesday.

Australia Doubles Down on Data Centers Using Renewable Power

admin — Wed, 05 Aug 2026 04:05:04 -0400

Australia’s federal government will press on with a nationwide push to ensure new data centers use renewable energy, pledging to pass laws despite opposition to the move from some regional administrations.

Nvidia Partner Hon Hai’s Sales Rise 54% on Strong AI Demand

admin — Wed, 05 Aug 2026 03:55:05 -0400

Hon Hai Precision Industry Co. reported a 54.2% increase in monthly sales, signaling sustained demand in global AI infrastructure buildout by customers such as Nvidia Corp.

Moove Hits $2.1 Billion Valuation in Mubadala-Led Fundraising

admin — Wed, 05 Aug 2026 03:15:05 -0400

Moove has closed a $250 million investment round led by Abu Dhabi sovereign wealth fund Mubadala, which will help the vehicle-financing and fleet-management startup add services for self-driving cars and expand into new geographies.

MoonShot Backer Monolith Seeks to Raise $500 Million in New Fund

admin — Wed, 05 Aug 2026 02:50:05 -0400

Monolith Management, which backed artificial intelligence sensation MoonShot, wants to raise $500 million for a new fund focused on Chinese AI, according to people familiar with the matter.

Infineon Revenue Forecast Beats as AI Power Chip Demand Rises

admin — Wed, 05 Aug 2026 01:35:05 -0400

Infineon Technologies AG forecast revenue in the current quarter that beat analysts’ estimates as the German chipmaker profits from rising demand for its data-center chips and price increases.

China’s Official Newspaper Warns US Over Expanding Tech Curbs

admin — Wed, 05 Aug 2026 00:00:09 -0400

The official newspaper of China’s ruling Communist Party warned of countermeasures against widening US technology curbs as Washington considers banning imports of some Chinese AI components, adding a fresh source of strain to the countries’ fragile trade truce.

'Holistic' AI Safety Approach Needed: Rhodium's Goujon

admin — Tue, 04 Aug 2026 23:05:06 -0400

Rhodium Group Director Reva Goujon discusses the security challenges facing AI companies both in the US and internationally, and suggests that better coordination in the US and international regulatory environments could improve the reliability of cutting-edge models. (Source: Bloomberg)

Temasek, Morgan Stanley Are Said to Eye Adtek Pre-IPO Investment

admin — Tue, 04 Aug 2026 22:35:04 -0400

Shenzhen Adtek Technology Co. is close to raising up to 2 billion yuan ($296 million) in a private fundraising round ahead of its planned initial public offering in Hong Kong, according to people familiar with the matter.

SpaceX’s AI Splurge Puts a Damper on Debut Earnings

admin — Tue, 04 Aug 2026 22:25:05 -0400

SpaceX stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Bloomberg's Danny Lee breaks down the news. (Source: Bloomberg)

Chinese Optical Stocks Slide on Report of Proposed US Import Ban

admin — Tue, 04 Aug 2026 21:45:06 -0400

Zhongji Innolight Co. led a slump in Chinese optical stocks after Reuters reported that the US is drafting a ban on imports of some Chinese data center components to protect AI infrastructure.

Australia to Cut Price of Rooftop Solar for Factories, AFR Says

admin — Tue, 04 Aug 2026 19:50:06 -0400

Australia will cut the price of installing solar panels on warehouse and factory rooftops, the Australian Financial Review reported, in the latest move by the government to accelerate the rollout of green energy.

SoftBank Earnings to Test Appetite for AI Bets Beyond ChatGPT

admin — Tue, 04 Aug 2026 19:20:05 -0400

SoftBank Group Corp.’s stock faces a critical test this week as investors seek reassurance that the company’s AI value extends beyond its debt-fueled bet on embattled ChatGPT operator OpenAI.

Lab Monkeys for $26,000 Show China’s Biotech Quest to Rival US

admin — Tue, 04 Aug 2026 19:15:06 -0400

Prices of lab monkeys in China have surged, complicating new drug development trials and increasing the need for primate imports from neighboring countries.

Coupang’s Losses Grow After Fallout From Data Breach Deepens

admin — Tue, 04 Aug 2026 18:50:04 -0400

Coupang Inc. reported a larger-than-expected loss, underscoring the damage from a massive personal data leak that resulted in heavy administrative fines in South Korea, its primary market.

OpenAI, Anthropic AI Models Involved in More Security Incidents

admin — Tue, 04 Aug 2026 18:05:06 -0400

Artificial intelligence models from OpenAI and Anthropic were involved in previously unreported cybersecurity incidents, marking the latest in a recent string of these events.

OpenAI Says Models Breached Boundaries During Outside Testing

admin — Tue, 04 Aug 2026 17:40:06 -0400

OpenAI said Tuesday that some of its artificial intelligence models, along with models from another AI lab, were involved in three previously unreported cybersecurity incidents.

Fmr. Harvard Researcher on the Economics of SpaceX

admin — Tue, 04 Aug 2026 17:30:06 -0400

Sinead O'Sullivan, Economist and Former Senior Researcher at Harvard Business School's Institute for Strategy and Competitiveness, discussed the current state and future prospects of SpaceX's Starship program. She emphasized that while investors remain optimistic, the technology is not yet fully developed due to the immense complexity of Starship compared to the Falcon rocket. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

ScottsMiracle-Gro CEO on New Growth Algorithm, Pricing

admin — Tue, 04 Aug 2026 17:15:07 -0400

Nate Baxter, CEO and President of Scott'sMiracle-Gro, appeared on the program following the company's recent investor day. He shared that although he has recently assumed the CEO role, his discussions with investors over the past eighteen months have maintained a consistent strategic message. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Japan Human-Sized Refrigerator Cooling Booth Sees Demand as Heat Waves Intensify

admin — Tue, 04 Aug 2026 17:05:05 -0400

The glass door closes, and a curtain of cool air spills over your head, neck and shoulders, delivering instant relief from the punishing summer heat.

Pipeline Owners Race to Build Capacity as AI Power Demand Jumps

admin — Tue, 04 Aug 2026 16:55:06 -0400

US pipeline operators are racing to expand their capacity to help power new data centers.

SpaceX Exceeds Revenue Estimates in First Earnings Report Since IPO

admin — Tue, 04 Aug 2026 16:45:06 -0400

SpaceX Exceeds Revenue Estimates in First Earnings Since IPO

admin — Tue, 04 Aug 2026 16:40:04 -0400

SpaceX’s revenue exceeded Wall Street’s expectations in the company’s first quarterly financial report following its blockbuster initial public offering in June. Elon Musk’s satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average. It also unveiled an operating loss of $1.26 billion from its AI business, better than the consensus for a loss of $2.39 billion. SpaceX’s eagerly awaited quarterly results cap a roller coaster ride since the company raised $86 billion in the largest stock-market debut of all time. Its shares have since plunged in a bout of post-IPO volatility and a broader AI selloff, erasing more than $1 trillion in market value from their peak. We get reaction from Bloomberg Tech host Ed Ludlow, and Mandeep Singh, Global Head of Technology Research for Bloomberg Intelligence. (Source: Bloomberg)

SpaceX Is a Compelling Investment, Gerber Says

admin — Tue, 04 Aug 2026 16:35:08 -0400

SpaceX reports revenue of $7.8 billion for the second quarter, topping Wall Street estimates. But Elon Musk's company reported an operating loss of $1.26 billion from its AI business. Ross Gerber of Gerber Kawasaki Wealth and Investment Management says SpaceX is still a compelling stock to own. He speaks on "Bloomberg The Close." (Source: Bloomberg)

AMD Sales Outlook Disappoints Investors After AI-Fueled Rally

admin — Tue, 04 Aug 2026 16:25:05 -0400

Advanced Micro Devices Inc. disappointed investors with its latest sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.

Match’s Quarterly Revenue, Outlook Fall Shy of Analyst Estimates

admin — Tue, 04 Aug 2026 16:20:04 -0400

Match Group Inc. gave a revenue forecast for the current quarter that narrowly missed analysts’ estimates, suggesting its dating sites still need to attract more younger users as part of its turnaround effort.

One Startup’s Plan to Monetize the Sun

admin — Tue, 04 Aug 2026 16:00:07 -0400

Just when you may have thought there was a limit to human ambition, along comes one company which hopes to control — and monetize — the sun’s light using a fleet of giant space mirrors. Nothing good can come from this, explains Bloomberg Opinion columnist Lara Williams. (Source: Bloomberg)

Invesco Portfolio Manager on Global Rally Gains

admin — Tue, 04 Aug 2026 15:45:06 -0400

As the U.S. market approaches the closing bell with the S&P 500 on track for a record closing high, the discussion turns to the global nature of the current rally. Ananya Lodaya, Portfolio Manager of Global Equity at Invesco, provides insights into whether the gains seen in European markets are connected to the ongoing AI race or if they are driven by other factors. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Chinese Telecom Hack Exposed Data Centers, House Report to Say

admin — Tue, 04 Aug 2026 15:40:05 -0400

US telecommunications companies connected their systems to data centers in a way that exposed them to cybersecurity vulnerabilities, potentially opening the door to the massive Salt Typhoon hacking campaign that breached several mobile carriers two years ago, according to an upcoming House committee’s report.

Palantir Surges as AI Demand Accelerates | Bloomberg Tech 8/4/2026

admin — Tue, 04 Aug 2026 15:20:04 -0400

Bloomberg’s Ed Ludlow breaks down Palantir's blockbuster earnings results and strong commercial demand, with US commercial sales in the second quarter rising 149% from a year earlier. Plus, Apple exceeded $10 billion in annual sales in India for the first time last fiscal year. And, Palo Alto Networks doubles down on AI-powered cyber defense. (Source: Bloomberg)

Coatue's Hedge Fund Sees Worst Drop in More Than a Year

admin — Tue, 04 Aug 2026 14:25:05 -0400

Coatue Management’s hedge fund plunged 8.3% last month, marking the latest tech-focused money manager to be whipsawed after a sharp selloff in AI stocks, though sources say the fund is still up 14.3% year-to-date. Bloomberg's Hema Parmar joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

How Palo Alto Wants AI to Patch Cyber Threats in Hours

admin — Tue, 04 Aug 2026 14:20:04 -0400

Palo Alto Networks is launching a new AI-powered cybersecurity platform designed to help organizations detect vulnerabilities and deploy protections in hours instead of weeks. CEO Nikesh Arora discusses how AI is reshaping both cyberattacks and cyber defense and why he believes enterprises will eventually dedicate as much as 15% of operating expenses to AI. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

AI Spending Is Still Justified, Says Lazard

admin — Tue, 04 Aug 2026 14:15:05 -0400

Microsoft and Amazon's latest earnings reinforced a key theme in AI, demand for cloud infrastructure continues to outpace supply. Lazard Asset Management Portfolio Manager Celine Woo joins Bloomberg to explain why hyperscalers are still justified in ramping up AI spending and how the shift from training to inference is driving the next phase of growth. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Apple's India Business Hits a Major Milestone

admin — Tue, 04 Aug 2026 14:05:06 -0400

Apple has surpassed $10 billion in annual sales in India for the first time, highlighting the growing importance of one of its fastest-growing markets. Bloomberg's Dana Wollman breaks down what's driving demand, why the iPhone continues to lead the company's growth in the country, and how incoming CEO John Ternus is beginning to shape Apple's next leadership team. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Will See Continued Interest in Stablecoin Products: Snyder

admin — Tue, 04 Aug 2026 14:00:07 -0400

Ophelia Snyder, co-founder of 21Shares, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss how Bitcoin miners are pivoting towards becoming AI infrastructure companies. They also discuss how the crypto market is undervaluing early stablecoin implementations results. (Source: Bloomberg)

Hackers Hit Bitcoin’s Safest Hiding Place

admin — Tue, 04 Aug 2026 13:55:07 -0400

Bloomberg's Lauren Tara LaCapra joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Hackers have absconded with more than $100 million worth of Bitcoin from thousands of supposedly secure accounts in recent days, setting up another scandal for investors who have been repeatedly preyed upon by thieves in the sector. (Source: Bloomberg)

On Ten Yard Line On Clarity Act: Mersinger

admin — Tue, 04 Aug 2026 13:50:05 -0400

Summer Mersinger, CEO of Blockchain Association and former CFTC Commissioner, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." A dispute over who should police new ethics standards is muddying the path forward for a landmark proposal to regulate cryptocurrency. They also discuss the legislative calendar limiting the potential passage of the Clarity Act this year. (Source: Bloomberg)

See More Interest In Equity-Like Tokens: Gaevoy

admin — Tue, 04 Aug 2026 13:40:06 -0400

Evgeny Gaevoy, Co-Founder and CEO of Wintermute, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss greater institutional participation in crypto markets. Wintermute just released its annual report on OTC flows, and it shows trades from institutions surging. (Source: Bloomberg)

Caterpillar Surges as Data Center Boom Drives Growth

admin — Tue, 04 Aug 2026 13:05:07 -0400

Caterpillar Inc. surged after the company crushed Wall Street’s second-quarter expectations and raised its sales outlook, easing concerns that demand for power-generation equipment used in data centers was beginning to cool. Bloomberg's Chris Ciolino joins to discuss. (Source: Bloomberg)

Palantir Jumps After ‘Otherworldly’ Demand Lifts Outlook

admin — Tue, 04 Aug 2026 12:40:04 -0400

Palantir Technologies jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Bloomberg's Mandeep Singh joins to discuss this as well as how Anthropic has struck a deal for computing capacity from Volta Infra Holdings Ltd., a months-old infrastructure startup, to keep pace with demand for its products. (Source: Bloomberg)

T-Mobile Adds Financing for New Phone Fees to Sweeten Upgrades

admin — Tue, 04 Aug 2026 11:50:05 -0400

T-Mobile US Inc. will allow customers to finance taxes and fees associated with their new handsets in addition to the cost of the device, letting users take home a new phone with no money down. The initiative, announced Tuesday, comes as customers are keeping handsets longer and the industry is shifting away from providing device subsidies.

Apple Asks Judge to Bar OpenAI From Using Alleged Trade Secrets

admin — Tue, 04 Aug 2026 11:40:05 -0400

Apple Inc. asked a federal judge to immediately order OpenAI to stop using what it calls stolen trade secrets, the latest salvo in its lawsuit accusing the artificial intelligence company of engaging in a coordinated campaign to steal proprietary information about upcoming products.

AI Now Fuels Over Half of Africa’s Cybercrime, Study Finds

admin — Tue, 04 Aug 2026 11:35:07 -0400

Artificial intelligence is fueling more than half of cybercrime in Africa, enabling criminals to launch faster, more sophisticated attacks as financial losses continue to mount, a new study found.

Investing in the Space Boom

admin — Tue, 04 Aug 2026 11:20:05 -0400

Phantom Space CEO Jim Cantrell explains why SpaceX earnings matter far beyond one company. He argues that space startups must remain frugal, secure real contracts, and focus on profitability—and says SpaceX is evolving into something closer to a nation-state than a traditional competitor. (Source: Bloomberg)

AI Boom Fuels Small-Cap Rally

admin — Tue, 04 Aug 2026 11:15:06 -0400

FTSE Russell’s Indrani De joins Bloomberg Open Interest to explain why the AI boom is spreading into small caps, banks and industrial stocks. She warns that massive capital spending is making markets more vulnerable to higher rates and volatility. She also highlights a growing divide between resilient wealthy consumers and stressed lower-income households. (Source: Bloomberg)

Wayfair Rises, Caterpillar Surges on Earnings | Stock Movers

admin — Tue, 04 Aug 2026 10:55:07 -0400

On this episode of Stock Movers: - Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter. - McDonald's (MCD) is rising after the fast-food chain reported comparable sales for the second quarter that are slightly below the sell-side consensus estimate, while adjusted EPS was ahead. - Caterpillar (CAT) shares are surging after the company’s second-quarter earnings blew past Wall Street’s second-quarter expectations, easing concerns over the growth of power-generation equipment sales to data centers. - Palantir (PLTR) shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Palantir now expects $4.89 billion to $4.91 billion in adjusted income from operations this year. (Source: Bloomberg)

Blackstone Has Pitched Mega Debt Package for Anthropic Chip Deal

admin — Tue, 04 Aug 2026 10:30:05 -0400

Blackstone Inc. has held early discussions with investors to gauge interest in a second mega debt package to finance Anthropic PBC’s use of chips from Alphabet Inc.’s Google.

Liechtenstein Hunts Hackers as Data on 31,000 Funds Breached

admin — Tue, 04 Aug 2026 10:20:06 -0400

Liechtenstein is racing to identify the hackers behind a large-scale data breach at the government’s confidential registry of foundations and trusts.

Liechtenstein Hunts Hackers After Names on 31,000 Funds Stolen

admin — Tue, 04 Aug 2026 10:00:05 -0400

Hackers behind a large-scale attack on a registry of Liechtenstein foundations and trusts have not yet been identified as investigations continue, government authorities said.

Palantir's Karp Calls 2Q Sales 'Otherworldly, Staggering'

admin — Tue, 04 Aug 2026 09:15:06 -0400

Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were “staggering" and "otherworldly." Sales rose by 149% and the company boosted its full-year revenue outlook. Bloomberg's Neil Campling reports. (Source: Bloomberg)

World Bank Urges Emerging Nations to Embrace AI Amid Weak Growth

admin — Tue, 04 Aug 2026 09:10:05 -0400

Developing economies must move fast in adopting artificial intelligence for their governments and businesses, the World Bank said, urging countries to adapt existing tools to local needs.

Anthropic Inks $10 Billion Computing Deal With New Cloud Startup

admin — Tue, 04 Aug 2026 08:10:06 -0400

Anthropic PBC has struck a $10 billion deal for computing capacity from a months-old infrastructure startup, according to people familiar with the matter, marking the Claude maker’s latest effort to keep pace with demand for its products.

CoreWeave to Enter Asian Market With Indonesian Data Centers

admin — Tue, 04 Aug 2026 07:35:05 -0400

AI cloud company CoreWeave Inc. is entering the Asian market with its first data centers in the region, expanding to a rapidly growing part of the world that is clamoring for more computing power.

Mag 7 Valuations Have Room to Normalize, Dawson Says

admin — Tue, 04 Aug 2026 07:15:05 -0400

Cameron Dawson, CIO at NewEdge Wealth, discusses the turnaround in technology stocks as she sees room for Magnificent Seven stock valuations to move higher and give a lift to the overall tech sector and S&P 500. (Source: Bloomberg)

Zepto’s IPO Hopes Were Chilled by Investors Looking for Profitability

admin — Tue, 04 Aug 2026 07:05:05 -0400

Public markets demand a path to profitability before they buy in

Apple Finally Gets into the Chatbot Race with Siri AI

admin — Tue, 04 Aug 2026 06:35:05 -0400

Siri’s pre-installed status could also make it one of the world’s most widely used AI assistants almost overnight.

Spotify Users Climb 12% Following Splashy Product Announcements

admin — Tue, 04 Aug 2026 06:20:05 -0400

Spotify Technology SA, the world’s largest music streaming service, boosted its total users to 777 million, an increase of 12% from the same time last year, suggesting a new suite of products and content offerings is attracting new customers.

AI Power Demands Spur Builders to Seek Billions in Bank Pledges

admin — Tue, 04 Aug 2026 05:45:07 -0400

Power utilities across the US are already strained from AI data centers. But they’re increasingly facing an even bigger threat: that developers will be forced to walk away from projects, leaving households on the hook for massive infrastructure bills.

BlackRock Overweight AI Despite Higher Risks, Li Says

admin — Tue, 04 Aug 2026 05:25:06 -0400

"We have not changed our conviction in the overall AI thesis," BlackRock Global Chief Investment Strategist Wei Li tells Bloomberg Television. She adds that risks of commoditization and capital capacity have risen in recent weeks. "We're not adding to our conviction, but we're staying overweight," she says. (Source: Bloomberg)

CXMT Narrows Gap With SK Hynix and Samsung in Smartphone Memory

admin — Tue, 04 Aug 2026 05:05:05 -0400

China’s state-backed CXMT Corp. is poised to produce smartphone memory chips that are on par with the industry’s most advanced designs, highlighting the speed at which Beijing is gaining ground in a field critical for AI deployment.

Apple’s India Sales Top $10 Billion on Widening Retail Push

admin — Tue, 04 Aug 2026 03:35:05 -0400

Apple Inc. exceeded $10 billion in annual sales in India for the first time last fiscal year, underscoring surging demand for its pricey devices in a market where it’s steadily ramping up its retail network.

Huawei’s Top Scientist Warns of Chip Limit Nvidia Will Soon Face

admin — Tue, 04 Aug 2026 03:10:05 -0400

Huawei Technologies Co.’s top semiconductor scientist warned of the looming physical limits Western chipmaking giants including Nvidia Corp. face in their pursuit of more powerful processors, in a rare public appearance streamed in China.

Chinese Startup AI² Robotics Is Said to Consider Hong Kong IPO

admin — Tue, 04 Aug 2026 02:45:08 -0400

Chinese robot maker AI² Robotics is considering an initial public offering in Hong Kong, according to people familiar with the matter, looking to tap into interest for the growing sector.

BlackRock Launches Tokenized Money Market Funds in Europe

admin — Tue, 04 Aug 2026 02:05:08 -0400

BlackRock Inc. is bringing blockchain technology to its flagship money market funds in Europe, in the latest sign of Wall Street’s growing ambition to expand use of digital-asset technology in mainstream finance.

China’s AI Blitz Creates ‘Death Zone’ for Rival US Model Makers

admin — Tue, 04 Aug 2026 00:50:05 -0400

A flurry of model launches from China’s AI sector is rapidly narrowing the gap with Silicon Valley and creating what’s been described as a death zone for anyone without frontier-pushing technology or market-breaking pricing.

Big AI Bets Divide Venture Capital, Leaving Smaller Funds Behind

admin — Tue, 04 Aug 2026 00:05:07 -0400

Early last year, venture capital firm Felix Capital set out to raise $600 million for its next fund, touting previous investments in fitness-machine maker Peloton Interactive Inc. and food-delivery service Deliveroo. But investors want to see returns from older funds before they commit new capital, and Felix is still $150 million short of its target, according to a person with knowledge of the matter.

Modi Seeks Sweeping Tax Cuts for Electronics Firms, Global Funds

admin — Mon, 03 Aug 2026 23:45:06 -0400

India will seek parliamentary approval for tax changes to spur foreign investment and local manufacturing, according to people with knowledge of the matter, as Prime Minister Narendra Modi works to refocus the administration on his economic agenda after recent student protests.

BofA: Japan Determined to Break Yen at 155

admin — Mon, 03 Aug 2026 23:15:06 -0400

Shusuke Yamada, Chief Japan FX and Rates Strategist at BofA Global Research, discusses whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as the key test for the rally’s staying power. He speaks with Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)

Alibaba-Backed 3D-Modeling Startup Vast Is Said to Weigh HK IPO

admin — Mon, 03 Aug 2026 22:05:05 -0400

Vast, a 3D-modeling startup, is considering an initial public offering in Hong Kong, according to people with knowledge of the matter.

NAB Tests AI Agents in Plan to Deploy Tech to Banking Customers

admin — Mon, 03 Aug 2026 21:30:07 -0400

National Australia Bank Ltd.’s technology chief said the firm will soon begin testing the security and operational guardrails of an agentic artificial intelligence platform as the country’s largest lenders seek to deploy the technology more widely.

Stocks & Bonds Rose as US-Iran Hopes Spur Oil Drop | The Close 8/3/2026

admin — Mon, 03 Aug 2026 20:45:05 -0400

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Edward Jones Head of Investment Strategy Mona Mahajan, Portal Innovations CEO John Flavin, Mizuho Securities Healthcare Equity Strategist Jared Holz, Churchill Asset Management Vice Chairman & Chief Investment Strategist Randy Schwimmer, Wells Fargo Analyst Ken Gawrelski, Cboe Global Markets VP, Head of Derivatives Market Intelligence Mandy Xu, 248 Ventures Chief Investment Strategist Lindsey Bell,MoffettNathanson Research Analyst Julie Zhu, Mizuho Managing Director, Senior Analyst Dan Dolev, Yellow Card CEO Chris Maurice, & BofA Securities Senior Restaurants Analyst Sara Senatore. (Source: Bloomberg)

Grab Boosts Forecasts on Robust Ride, Delivery Demand

admin — Mon, 03 Aug 2026 20:25:06 -0400

Grab Holdings Ltd. raised its annual earnings and sales forecasts, a sign that robust demand from Southeast Asian commuters is helping to absorb impact of higher fuel prices stemming from the Middle East conflict.

Grab Boosts Earnings Forecast on Robust Ride, Delivery Demand

admin — Mon, 03 Aug 2026 19:10:06 -0400

Yellow Card CEO on Funding, Stablecoin’s Global Foothold

admin — Mon, 03 Aug 2026 17:35:05 -0400

Chris Maurice, CEO of Yellow Card, explained how his company differentiates itself from competitors like Stripe and Wise by building the underlying infrastructure that enables international money movement using stablecoins such as USDC. Yellow Card provides direct liquidity and on/off ramps against local currencies across regions including Africa, Latin America, and Asia, allowing stablecoins to be sent and converted locally without the need to convert back to dollars first. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

NTT Data Is Said to Eye $9 Billion Outlay for Japan Data Centers

admin — Mon, 03 Aug 2026 17:15:04 -0400

NTT Data Group Corp. expects to spend at least $9 billion through 2033 to quadruple computing capacity to 1 gigawatt, addressing a surge in demand in Japan.

SpaceX Has a Bit of an 'Identity Crisis,' Zhu Says

admin — Mon, 03 Aug 2026 17:00:06 -0400

Moffettnathanson Research Analyst Julie Zhu says SpaceX almost has an "identity crisis." Elon Musk's company is set to report its first-ever quarterly earnings results on Tuesday after going public this summer. Zhu talks about what the team is looking for on "Bloomberg The Close." (Source: Bloomberg)

Churchill’s Schwimmer: Private Markets in ‘Platinum Era'

admin — Mon, 03 Aug 2026 16:50:05 -0400

During the countdown to the market close, Romaine Bostick highlighted the recent surge in private debt defaults, noting that Fitch Ratings reported a record 6% default rate among 1,300 US private debt borrowers in the second quarter. Randy Schwimmer, Vice Chairman and Chief Investment Strategist at Churchill Asset Management, acknowledged the challenging environment reflected in the rising defaults but expressed optimism about improving conditions in the second half of the year. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Portal Innovations CEO on Future of US Medical Research

admin — Mon, 03 Aug 2026 16:35:05 -0400

The Trump administration is advancing a plan to allocate $200 billion annually toward medical research, emphasizing support for individual scientists and private research facilities rather than traditional university-based research. John Flavin, CEO of Portal Innovations, a Chicago-based firm that funds early-stage life sciences companies, discussed the implications of this shift. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Snap Projects Strong Sales Growth Ahead of AR Glasses Debut

admin — Mon, 03 Aug 2026 16:25:07 -0400

Snap Inc. posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period, signaling optimism ahead of the September commercial debut of its first pair of augmented reality glasses.

Apple’s New CEO Taps Retired Hardware Executive for Management Team

admin — Mon, 03 Aug 2026 16:15:05 -0400

Incoming Apple Inc. Chief Executive Officer John Ternus is bringing back a trusted lieutenant from his time running hardware engineering to join his new management team.

OpenAI Hack Could Have Been 'Way Worse,' Hugging Face CEO Says

admin — Mon, 03 Aug 2026 16:00:07 -0400

Hugging Face CEO Clément Delangue says a hack by OpenAI could have been "way worse" if not for the company's defensive measures. He calls this a "wake up call" for the industry and says the incident has been reported to lawmakers and authorities. He speaks to Bloomberg's Ed Ludlow on "Balance of Power." (Source: Bloomberg)

'Concentration of Power' One of Biggest Risks in AI, Says Hugging Face CEO

admin — Mon, 03 Aug 2026 15:20:05 -0400

Clement Delangue, CEO of AI company Hugging Face, sat down with Bloomberg's Ed Ludlow to discuss OpenAI models' hack on Hugging Face last month and the future of AI regulation. Talking about the hack, Delangue, said that while companies want AI agents to think outside the box, they don't want AI to 'think outside the sandbox' and stay in the closed testing environment. Delangue also discussed government involvement in AI regulation and said that there is a risk that too much government intervention would result in a 'concentration of power' and said that is one of the biggest risks in the AI space. (Source: Bloomberg)

Why Apple Wants You to Upgrade More Often

admin — Mon, 03 Aug 2026 14:35:05 -0400

Apple is making a big bet that customers would rather pay by the month than all at once, with its new Apple Upgrade program designed to make upgrading your devices feel more like a subscription. Bloomberg's Mark Gurman joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

The Startup Turning Home Batteries Into Grid Infrastructure

admin — Mon, 03 Aug 2026 14:25:08 -0400

Rising demand for electricity in the US is fueling investor interest in backing battery startups, such as Base Power, which just closed a $1 billion Series D round at a $13 billion post-money valuation. Base Power CEO and co-founder Zach Dell joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Apple Files New Challenge Against UK Effort to Access User Files

admin — Mon, 03 Aug 2026 14:20:04 -0400

Apple Inc. is yet again challenging the UK government in court over its attempts to access the encrypted data of customers, including iPhone users, according to two people familiar with the matter.

Valar Atomics Raises $1 Billion to Power the AI Era

admin — Mon, 03 Aug 2026 14:05:05 -0400

Valar Atomics, the company building America's first gigasites, secured $1 billion in its Series B funding round led by Sequoia. The company also closed a $200 million credit facility to build the world's first vertically integrated industrial nuclear power company. Valar Atomics CEO and founder Isaiah Taylor joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

TikTok Finalizing Trio of Settlements in Addiction Litigation

admin — Mon, 03 Aug 2026 13:55:08 -0400

TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors.

Amazon Cloud Chief Says Potential AI Business is ‘Just Massive’

admin — Mon, 03 Aug 2026 12:40:06 -0400

Amazon.com Inc.’s cloud chief said customers are starting to shift from using the company’s services to train AI models to integrating them into their businesses — fueling demand for a process known as inference.

AWS CEO Says AI Business Is 'Just Massive'

admin — Mon, 03 Aug 2026 12:30:06 -0400

Amazon Web Services CEO Matt Garman says the potential artificial intelligence business is "just massive." He says the company will keep investing in capital expenditures as it tries to keep up with demand. He speaks to Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Pimco's Stracke Says AI-Related Financing in Early Innings

admin — Mon, 03 Aug 2026 12:20:05 -0400

Pimco President Christian Stracke says the financing of digital infrastructure is only in the early innings. Speaking on "Bloomberg Open Interest," Stracke also discusses the risks in the lending market, the private credit "confidence gap" and where he sees financing opportunities in the current environment. (Source: Bloomberg)

Mark Penn: AI Won’t Replace Agencies

admin — Mon, 03 Aug 2026 12:10:06 -0400

Stagwell CEO Mark Penn joined Bloomberg Open Interest to explain how AI is helping the marketing challenger win major global clients and deliver everything from smarter targeting to faster production. He argues that AI won’t replace agencies because managing thousands of enterprise campaigns still demands technology, creativity and human expertise. (Source: Bloomberg)

FalconX Cuts Staff on Extended Downturn in Crypto Markets

admin — Mon, 03 Aug 2026 11:50:05 -0400

Digital assets brokerage firm FalconX has cut 10% of staff globally, as it prepares for a prolonged downturn in cryptocurrency markets, according to people familiar with the matter.

Japanese Yen Surges After Washington Steps In

admin — Mon, 03 Aug 2026 11:15:07 -0400

US and Japanese officials warned investors they’re determined to keep defending the yen after their first joint intervention in 15 years. The yen surged Monday morning. Bloomberg's Cameron Crise talks about what the US and Japan hope to achieve. (Source: Bloomberg)

India Eyes More Tax Breaks for Electronics in Win For Apple

admin — Mon, 03 Aug 2026 11:10:06 -0400

India is seeking to extend tax breaks to foreign firms that provide machinery to local electronics manufacturers in a move that will boost companies such as Apple Inc. and Google as they ramp up domestic production.

IBM’s Gary Cohn on Warsh’s Fed, Yen Intervention, Markets

admin — Mon, 03 Aug 2026 09:05:07 -0400

IBM Vice Chairman Gary Cohn says, “the market became addicted to knowing what the Fed was going to do” as he discusses market reaction to Federal Reserve Chairman Kevin Warsh’s handling of the US central bank. Cohn also discusses Japan and the US Treasury Department working together to shore up the yen and the instabilities being dealt with by markets. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Warsh Is Reverting Fed to Historic Norms, Gary Cohn Says

admin — Mon, 03 Aug 2026 08:45:06 -0400

China's Next AI Race Goes Beyond Chatbots

admin — Mon, 03 Aug 2026 08:35:09 -0400

Bloomberg Opinion columnist Catherine Thorbecke says Washington's fixation on Kimi K3 misses China's push to move AI beyond chatbots and into the physical world. (Source: Bloomberg)

SpaceX Investors Want to Quiz Elon Musk About a Potential Tesla Merger

admin — Mon, 03 Aug 2026 07:05:06 -0400

Many wonder whether a merger is ahead

Prysmian Strikes Deal to Buy US Electric Maker Atkore

admin — Mon, 03 Aug 2026 06:55:05 -0400

Italy’s Prysmian has reached an all-cash deal to buy electrical manufacturing company Atkore Inc. Prysmian said it’s paying $95 per share in an offer that values the company at an enterprise value of about $3.8 billion. Prysmian CEO Massimo Battaini discusses the deal on “Bloomberg Brief.” (Source: Bloomberg)

The AI Domination Race is Adding to US-China Tensions

admin — Mon, 03 Aug 2026 06:35:06 -0400

The US has used plenty of sticks in an attempt to slow China’s progress in AI.

AI Chip Designer DeepX’s Value Surges to $2.2 Billion in Funding

admin — Mon, 03 Aug 2026 06:05:05 -0400

South Korean AI chip designer DeepX Co. has secured fresh funding at roughly four times its previous valuation, in a sign of sustained enthusiasm for companies involved in the artificial intelligence boom.

How Siri AI Stacks Up Against the New ChatGPT

admin — Mon, 03 Aug 2026 05:35:05 -0400

Apple is bringing AI to Siri this fall. Here's how it compares with ChatGPT on writing, web search, personal data and productivity. (Source: Bloomberg)

ASML Supplier Zeiss Says It Can Handle Demand for Key AI Parts

admin — Mon, 03 Aug 2026 04:35:07 -0400

One of the critical suppliers in the semiconductor industry, Germany’s Zeiss Group, pushed back on investor concerns about bottlenecks in the AI supply chain and said it’s confident it has the capacity to handle booming demand.

The Cyber Alchemist's Ghosh on AI Cyber-security risks

admin — Mon, 03 Aug 2026 01:55:10 -0400

Ajoy Ghosh, Founder and Chief Information Security Officer at The Cyber Alchemist, discusses his perspective on cybersecurity measures and solutions companies should consider following the recent hacking incidents disclosed by Anthropic and OpenAI. He speaks with Haidi Stroud Watts and Paul Allen on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Shein Is Said to Weigh Cost Reset for Late Backers Before HK IPO

admin — Sun, 02 Aug 2026 23:50:05 -0400

Shein Global Holdings Ltd. is considering lowering the cost of investment for late backers that came in at an up to $64 billion valuation, people familiar with the matter said, as the fast-fashion retailer prepares for a Hong Kong listing at a much lower value.

China’s Wu Vows Further Expansion of Market Links to Hong Kong

admin — Sun, 02 Aug 2026 23:10:05 -0400

China is working closely with Hong Kong authorities to expand the Stock Connect cross-border trading link by adding yuan-denominated stock counters and real estate investment trusts, according China Securities Regulatory Commission Chairman Wu Qing.

Alibaba’s Qwen3.8-Max AI Model Claims Benchmark Scores Rivaling Anthropic

admin — Sun, 02 Aug 2026 22:45:06 -0400

Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.

Alibaba Drops Another China AI Model With Breakthrough Performance

admin — Sun, 02 Aug 2026 22:40:05 -0400

Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.

AI Is Turning Retail Traders Into DIY Hedge Funds

admin — Sun, 02 Aug 2026 17:05:07 -0400

The rollout of powerful new tools is inspiring a generation of day traders who are trying to crack Wall Street’s secret code and create automated money machines. Bloomberg's Zijia Song explains. (Source: Bloomberg)

Bloomberg This Weekend | Iran Strikes On Hold, the Digital Divide Over AI

admin — Sun, 02 Aug 2026 13:35:05 -0400

The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Rep. Jonathan Jackson (D-IL), Tom Nides, Fmr. US Ambassador to Israel, and Nancy Kaffer, Detroit Free Press Editorial Page Editor. Correct: This video has been edited to remove graphics that misstated several earnings dates for this week. AMD and Paramount report on Tuesday and Disney on Wednesday. (Source: Bloomberg)

Who Governs the AI Boom?

admin — Sun, 02 Aug 2026 11:10:05 -0400

Should AI be regulated, or should society adapt to it instead? Economist Jason Furman argues that not every AI problem should be solved the same way. From bioweapons to job losses, he explains where the government should step in, where markets should adjust, and why the biggest AI debate may ultimately be a moral one. (Source: Bloomberg)

Australia Expands Demand That Big Tech Pay for News Stories

admin — Sun, 02 Aug 2026 10:25:06 -0400

Australia’s government plans to expand the scope and raise the charges to be imposed on Big Tech companies to encourage them to do deals with local media.

Apple Subscriptions; MacBook Air Shortages; Apple to Make Glasses Health Device

admin — Sun, 02 Aug 2026 10:05:09 -0400

Also: MacBook Air runs into major shortages.

Jefferies Analyst Slams Simple-Minded Criticism of SpaceX Governance

admin — Sun, 02 Aug 2026 08:05:07 -0400

Investors who blacklist Space Exploration Technologies Corp. out of governance qualms are too hung up on box-checking and risk depriving themselves of long-term financial gains, according to Aniket Shah of Jefferies.

Zepto Turns to Private Funding With IPO Plans on Hold for Now

admin — Sat, 01 Aug 2026 17:35:05 -0400

Zepto Ltd said it agreed on a private share sale to major investors as the Indian quick-commerce firm pushed back plans for an initial public offering after failing to secure its anticipated valuation.

AI Isn’t a Catch-All Trade for Stocks in This Earnings Season

admin — Sat, 01 Aug 2026 08:20:06 -0400

Equity investors are learning a harsh lesson this corporate earnings season: Not all artificial intelligence trades are created equal.

Can Africa Power the AI Boom?

admin — Sat, 01 Aug 2026 01:10:06 -0400

Teraco Chief Executive Officer Jan Hnizdo discusses why Africa is becoming a key destination for data centers, how cloud infrastructure is evolving and why energy and sustainability will determine the continent's digital future. He speaks with Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)

Can Africa Power the AI Boom? (Video)

admin — Sat, 01 Aug 2026 01:05:04 -0400

Google Rolls Back Earth AI Tool Over Concern About Fake Images

admin — Fri, 31 Jul 2026 18:30:07 -0400

Alphabet Inc.’s Google announced Friday that it will roll back its new AI image generation feature in Google Earth because some people were using it to create altered satellite imagery that appeared to violate the company’s policies.

Serial Innovation in Fintech | Masters in Business with Som Seif

admin — Fri, 31 Jul 2026 17:55:05 -0400

Barry sits down with Som Seif, Founder and CEO at Purpose Unlimited. They discuss Som's journey from engineering to investment banking. They also discuss his early push into ETFs in Canada and the creation of the first bitcoin ETF. Finally, Som discusses his history as a serial entrepreneur and the importance of endurance when building business in today's ever changing markets. (Source: Bloomberg)

Som Seif on Prioritizing Customers When Building Companies

admin — Fri, 31 Jul 2026 17:05:06 -0400

Illumina CEO on Genomic Sequencing Opportunities and AI

admin — Fri, 31 Jul 2026 16:55:06 -0400

Illumina CEO Jacob Thaysen discusses the company's earnings, genomic medicine opportunities and the potential for artificial intelligence in life sciences on "Bloomberg The Close." (Source: Bloomberg)

The Unwind of Situational Awareness' Stock Bets

admin — Fri, 31 Jul 2026 16:50:06 -0400

Leopold Aschenbrenner's hedge fund, Situational Awareness, was forced to sell billions of dollars of technology stock bets that had rapidly lost value, as nervous banks began to demand more collateral for his trades. Bloomberg's Hema Parmar breaks down what happened. (Source: Bloomberg)

Anthropic, OpenAI Cyber Failures Point to US Security Risks

admin — Fri, 31 Jul 2026 15:55:05 -0400

Cybersecurity experts are faulting Anthropic PBC and OpenAI for sloppy safeguards after their models broke into outside organizations — breaches they warned represent looming threats to national security.

Big Tech Holds $2 Trillion of Spending Commitments for AI Boom

admin — Fri, 31 Jul 2026 15:20:05 -0400

The four largest players in the data center race have committed nearly $2.4 trillion in spending over the coming years, pointing to massive ongoing investment in AI infrastructure.

Moonshot's Kimi Built With Nvidia Compute

admin — Fri, 31 Jul 2026 15:00:08 -0400

Chinese AI startup Moonshot's Kimi models are powered in part by around 20,000 Nvidia Hopper chips supplied through a computing agreement with Alibaba, according to sources. Bloomberg's Peter Elstrom explains what the arrangement reveals about China's AI infrastructure and the role of US technology in training frontier models. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

The Next AI Boom Is in Health Care and Robotics, Says Lux Capital's Shakir

admin — Fri, 31 Jul 2026 14:55:04 -0400

Recent disclosures from Anthropic and OpenAI have shifted the AI conversation from model capabilities to real-world deployment and security. Lux Capital Partner Deena Shakir says the next wave of AI innovation will be built on trust, partnerships and vertical applications like health care and robotics, not just more powerful foundation models. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Anthropic Hack Adds To Fears Over AI Safety

admin — Fri, 31 Jul 2026 13:30:07 -0400

Anthropic says its AI models were involved in a hack, days after OpenAI made a similar disclosure. Does AI have a safety problem? Bloomberg’s Jordan Robertson explains. (Source: Bloomberg)

SpaceX Short Interest Soars Ahead of Big Share Unlock, Earnings

admin — Fri, 31 Jul 2026 13:15:06 -0400

Short sellers have piled into SpaceX at a rapid pace ahead of two major milestones next week: the company’s first earnings report as a public company and the release of hundreds of millions of locked-up shares.

Inside Tencent’s Failed Attempt to Take On ‘Grand Theft Auto’

admin — Fri, 31 Jul 2026 13:05:06 -0400

Lightspeed’s Last Sentinel burnt through six years of development and hundreds of millions of dollars

Combining Tesla and SpaceX Makes 'A Ton of Sense' Says Munster

admin — Fri, 31 Jul 2026 12:35:08 -0400

Tesla Inc. is weighing a potential separation of its China business to pave the way for a possible merger with SpaceX, according to the Wall Street Journal. Separating Tesla's China operations would be a complex undertaking due to the auto factory's deep embedding in China's electric vehicle supply chain and its role in supplying vehicles to markets worldwide. Gene Munster, Managing Partner at Deepwater Asset Management, joins Bloomberg Intelligence to discuss Tesla as well as to break down Apple's earnings. (Source: Bloomberg)

AI Has Reached an Inflection Point

admin — Fri, 31 Jul 2026 12:10:05 -0400

Lei Qiu, chief investment officer of thematic innovation equities at AllianceBernstein, says AI has reached an inflection point as the focus shifts from infrastructure investment to revenue generation. "We see revenue accelerating," she says, adding that continued adoption is critical. "As long as we see that, I think the ecosystem remains healthy." She speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Apple Battles Chip Shortages

admin — Fri, 31 Jul 2026 11:20:05 -0400

Apple may be battling chip shortages, rising memory costs, and margin pressure, but demand remains remarkably strong. Baird analyst Will Power joins Bloomberg Open Interest to explain why investors should look through near-term supply turbulence, highlighting surging Mac sales, resilient iPhone growth, pricing power, and AI-driven product catalysts. (Source: Bloomberg)

AI Wunderkind’s Hedge Fund Unravels

admin — Fri, 31 Jul 2026 11:15:06 -0400

A 24-year-old AI wunderkind became one of the market’s most influential investors, until leverage and margin calls forced billions in tech-stock sales. Bloomberg's Sri Natarajan joined Bloomberg Open Interest to explain how a futuristic AI empire collided with one of Wall Street’s oldest and most dangerous mistakes. (Source: Bloomberg)

Jana Adds More Sale Pressure on Alkami in New Letter to Board

admin — Fri, 31 Jul 2026 10:25:07 -0400

Activist investor Jana Parners contends Alkami Technology Inc. is failing to run a true sale process, according to a new letter to the fintech company’s board that was reviewed by Bloomberg News.

Ares CEO on Earnings, AI Deployment, Private Credit

admin — Fri, 31 Jul 2026 08:40:04 -0400

Ares Chief Executive Officer Michael Arougheti discusses the deployment of artificial intelligence and second-quarter results. "We want to be horizontally diversified across all the different private market asset classes," he tells Bloomberg Television. Arougheti also comments on the state of private equity. "The institutional demand for private credit is probably accelerating right now because they're seeing spreads widening and they're seeing capital leave the market and feel like there's an opportunity to come in and take share," he says. (Source: Bloomberg)

Ares CEO on Earnings, AI Deployment, Private Credit (Video)

admin — Fri, 31 Jul 2026 08:35:05 -0400

Moonshot’s Kimi Built on 20,000 Nvidia Chip Cluster From Alibaba

admin — Fri, 31 Jul 2026 08:30:06 -0400

Chinese AI champion Moonshot has a computing power agreement with Alibaba Group Holding Ltd. for the use of around 20,000 Nvidia Corp. chips, underscoring China’s continued reliance on Western semiconductors to fuel its AI development, according to people with knowledge of the companies’ operations.

Kospi Surges 18% on AI Optimism

admin — Fri, 31 Jul 2026 07:50:06 -0400

Tech stocks rallied as a rebound in chipmakers carried into Friday, with an unprecedented 18% surge in South Korea’s Kospi Index leading the charge. Bloomberg's Neil Campling reports. (Source: Bloomberg)

The Race to Salvage Situational Awareness’ AI Bets

admin — Fri, 31 Jul 2026 07:20:09 -0400

Assets at Leopold Aschenbrenner’s hedge fund Situational Awareness has gone from $45 billion to $10 billion in a month. Bloomberg's Nishant Kumar joins "Bloomberg Brief" to discuss the fund's AI bets and how Citadel stepped in to buy the bulk of the bets. (Source: Bloomberg)

Microsoft Keeps Data Center Spending Steady While Peers Ramp Up AI Plans

admin — Fri, 31 Jul 2026 07:05:05 -0400

The stock jumped after the company balanced spending on AI with increasing cloud revenue

AI Use Complicating Relationships and Dividing Friends, Families

admin — Fri, 31 Jul 2026 06:35:06 -0400

AI is dividing people not just over what the technology can do, but what kind of future they want to live in.

China’s MiniMax and ByteDance Release Dueling AI Video Models

admin — Fri, 31 Jul 2026 05:15:07 -0400

MiniMax Group Inc. and ByteDance Ltd. released updates to their dueling AI video generation models within hours of each other, underscoring the aggressive advances that have made China the leader over the US in the burgeoning arena.

Hong Kong’s Economy Slows More Than Forecast Despite AI Boom

admin — Fri, 31 Jul 2026 05:00:08 -0400

Hong Kong’s economic growth slowed more than forecast last quarter, even as a global rush to invest in artificial intelligence turbocharges the city’s exports.

European Execs Show AI Optimism: Markets Snapshot

admin — Fri, 31 Jul 2026 04:35:05 -0400

A big week of earnings results for some of the world's most influential companies has been underscored by the global AI infrastructure buildout, tightening supply chains and ongoing geopolitical uncertainty. The Opening Trade spoke to CEOs and corporate heavy weights to get clarity on their second-half outlook and whether they remain optimistic on returns from their AI investments. (Source: Bloomberg)

Apple Leads Phone Revenues and Prices Up, Counterpoint Says

admin — Fri, 31 Jul 2026 04:25:06 -0400

Apple Inc. led a 7% increase in global smartphone revenue over the June quarter, showing how rising prices are offsetting shrinking shipments, according to Counterpoint Research.

DeepSeek Unveils Public Beta API for Flagship AI Model

admin — Fri, 31 Jul 2026 03:05:06 -0400

China’s DeepSeek rolled out a public beta application programming interface, or API, for its flagship artificial intelligence model, V4 Flash, touting advancements in agentic abilities.

Kioxia Sets 3-For-1 Stock Split After Profit Misses Estimates

admin — Fri, 31 Jul 2026 02:45:05 -0400

Kioxia Holdings Corp.’s results fell short of expectations, a sign that an AI-driven surge in flash memory prices may be moderating.

Situational Awareness Hit by AI Selloff

admin — Fri, 31 Jul 2026 02:15:05 -0400

Situational Awareness, Leopold Aschenbrenner's hedge fund, was forced to sell billions of dollars of technology investments that had rapidly lost value, as nervous banks began to demand more collateral for his trades. Ken Griffin's Citadel hedge fund reached out to Situational Awareness and snapped up the investments at a discount, according to a person familiar with the matter. Bloomberg's Anthony Stephens reports. (Source: Bloomberg)

Why Record Earnings Aren't Good Enough for AI, Chip Investors

admin — Fri, 31 Jul 2026 01:40:04 -0400

Chipmakers are delivering record earnings, yet investor skepticism is dragging stocks lower. Sky‑high expectations, crowded trades, and looming uncertainty mean the AI boom isn’t easy money anymore. Bloomberg’s Anthony Stephens has more. Original filename: VERT_AIGREATNESS_07302026_V5_FINAL (1).mp4 (Source: Bloomberg)

Sony to Begin Phased Restart of Quake-Hit Sensor Plant Tuesday

admin — Fri, 31 Jul 2026 01:25:06 -0400

Sony Group Corp. said it will begin a phased restart of its image sensor factory in Kyushu on Tuesday, after a magnitude-7.1 quake and numerous aftershocks shook Japan’s southwestern island.

Sony to Start Phased Restart of Quake-Hit Sensor Plant Tuesday

admin — Fri, 31 Jul 2026 01:10:05 -0400

Sony Group Corp. said it will begin a phased restart of its image sensor factory in Kyushu on Tuesday, after a magnitude-7.1 quake and numerous aftershocks shook Japan’s southwestern island.

Tech Stocks Rally as Korea Surges, Yen Pares Gain

admin — Fri, 31 Jul 2026 00:40:07 -0400

A global rally in technology stocks gathered momentum as South Korean equities posted a record jump, with investors returning to the artificial intelligence trade after this week’s rout. (Source: Bloomberg)

US-listed Silicon Motion Soars on Robust Results

admin — Fri, 31 Jul 2026 00:15:07 -0400

Jason Tsai, CFO at Silicon Motion, says the Taiwanese NAND controller supplier has been gaining market share as it diversifies its consumer-focused business. He speaks exclusively on "Bloomberg: The China Show" after company posted third quarter revenue forecast that beat consensus. (Source: Bloomberg)

Thailand’s True Internet Data Center Seeks $2 Billion Loan

admin — Thu, 30 Jul 2026 22:55:07 -0400

Thailand’s True Internet Data Center Co. is seeking an about $2 billion-equivalent loan to build a new facility, according to people familiar with the matter, as the country looks to become a regional hub for artificial intelligence and cloud services.

What We Know So Far About Hacking by Anthropic AI Models

admin — Thu, 30 Jul 2026 22:35:05 -0400

Here's what we know so far about Anthropic's AI models breaching three organizations during cybersecurity tests which went awry. (Source: Bloomberg)

Australia’s Social Media Ban Sees Only Small Dip in Teen Users

admin — Thu, 30 Jul 2026 22:30:07 -0400

Australia’s social media ban for under-16s led to only a marginal reduction in underage users in its first three months, underscoring the lack of enforcement of the world-first law by major platforms.

China’s Factories, Construction Slump in Sign of Deeper Slowdown

admin — Thu, 30 Jul 2026 22:20:06 -0400

China’s factory activity unexpectedly contracted for the first time in five months and construction slumped to the lowest since the start of the pandemic, suggesting economic weakness is becoming more entrenched.

China Factory Activity Surprises With First Slump in Five Months

admin — Thu, 30 Jul 2026 21:45:06 -0400

China’s factory activity unexpectedly contracted for the first time in five months, adding to signs of slowing economic momentum.

IDC's Ma on Apple, Consumer Electronics Market

admin — Thu, 30 Jul 2026 21:20:05 -0400

Bryan Ma, Vice President of Devices Research at IDC, discusses Apple's latest earnings and the outlook for the broader consumer electronics market. He speaks with Shery Ahn on Bloomberg: The Asia Trade. (Source: Bloomberg)

Amazon, Microsoft Results Show AI Spending Spree Remains Solid

admin — Thu, 30 Jul 2026 20:50:05 -0400

Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days.

Stryker Narrows Earnings Outlook as Cyberattack Challenges Goals

admin — Thu, 30 Jul 2026 20:15:07 -0400

Stryker Corp narrowed the range of its adjusted-earnings outlook for the full year as the medical device manufacturer said it must increase production as well as ship a backlog of equipment to meet its second-half growth targets after a cyberattack in March disrupted operations.

Apple Slides After Supply Shortages Hurt Sales Forecast

admin — Thu, 30 Jul 2026 19:40:05 -0400

Apple tumbled in late trading after component shortages weighed on the company’s sales forecast. Ed Ludlow breaks down the company's Q2 earnings. (Source: Bloomberg)

Anthropic’s AI Models Hacked Three Organizations During Tests

admin — Thu, 30 Jul 2026 19:10:08 -0400

Anthropic PBC announced that its artificial intelligence models had breached three different organizations during cybersecurity tests that went awry, a little more than a week after its chief rival, OpenAI, disclosed a similar incident.

OpenAI and Anthropic staffers sign call for US to pace AI development

admin — Thu, 30 Jul 2026 18:45:06 -0400

They’re calling on the US government to help pace their tech’s development.

Spencer Stuart’s Citrin on Apple’s CEO Succession Plan

admin — Thu, 30 Jul 2026 18:35:05 -0400

Jim Citrin, Chair, Global CEO Practice at Spencer Stuart, discusses the upcoming CEO transition at Apple as Tim Cook prepares to step down on September 1, with John Turner set to take over. Citrin emphasizes the critical importance and difficulty of CEO succession, especially at a company like Apple known for its excellence. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

IDC’s Popal on Apple’s Earnings, Smartphone Competitors

admin — Thu, 30 Jul 2026 18:25:05 -0400

Nabila Popal, Senior Director of Data & Analytics at IDC, discusses the current state of the global smartphone market, highlighting a 7% decline in shipments in the second quarter due to extended upgrade cycles and a memory crisis impacting supply chains. Despite these headwinds, Apple has demonstrated remarkable resilience, achieving double-digit year-on-year shipment growth of 15% and strong iPhone revenue performance. She speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

Amazon Gains in Postmarket After Earnings Report

admin — Thu, 30 Jul 2026 18:20:05 -0400

Amazon 2Q earnings beat Wall Street estimates Tuesday, sending stocks climbing in after hours trading. The company reporter its 5th straight quarter of cloud share growth, the 37% increase being the fastest for Amazon since the end of 2021. Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana break down the earnings numbers as they roll in. (Source: Bloomberg)

Marathon Asset Management on Hyperscalers’ Credit Risks

admin — Thu, 30 Jul 2026 18:15:05 -0400

Bruce Richards, Managing Partner and Head of CVC Marathon discusses the current state of credit markets and the cost of capital. With $80 billion in assets under management and extensive Wall Street experience, Richards provided valuable perspectives on market dynamics and financing conditions. He speaks with Romaine Bostick & Emily Graffeo on "The Close." (Source: Bloomberg)

Amazon's AWS Result Is 'Remarkable,' Analyst Luria Says

admin — Thu, 30 Jul 2026 18:10:05 -0400

Gil Luria, D.A. Davidson's head of technology research, reacts to Amazon Web Services' revenue growth and discusses the outlook for Amazon.com Inc. on "Bloomberg The Close." (Source: Bloomberg)

Breaking Down Apple's 3Q Results and Outlook

admin — Thu, 30 Jul 2026 18:05:06 -0400

Apple sales grew more slowly than analysts anticipated in China and its services business last quarter. Though total revenue topped estimates, the China sales amounted to $18.8 billion in the fiscal third quarter, well short of the $19.6 billion estimated by analysts. Revenue from services was $30.7 billion, compared with a $31.4 billion projection. Mark Gurman breaks down the numbers on "Bloomberg The Close." (Source: Bloomberg)

Breaking Down Apple's Q3 Results and Outlook

admin — Thu, 30 Jul 2026 17:55:05 -0400

Amazon Got a $600 Million Tariff Refund, Some Going to Shoppers

admin — Thu, 30 Jul 2026 17:50:05 -0400

Amazon.com Inc. says it received about $600 million in tariff refunds during the second quarter and pledged to automatically issue reimbursements to consumers under a “limited set of circumstances.”

Rivian Sees R2 Driving Its Path to Profitability

admin — Thu, 30 Jul 2026 16:55:06 -0400

Rivian CFO Claire McDonough joins Bloomberg's Ed Ludlow as the EV maker begins delivering its highly anticipated R2 SUV. She discusses early customer demand, the production ramp, and why the more affordable vehicle is expected to drive Rivian toward automotive gross-profit positivity by the end of 2026. McDonough also outlines the company's capital position, software strategy, and how recurring software revenue is becoming a larger part of the business. (Source: Bloomberg)

Apple’s Sales Disappoint in China Unit, Services Business

admin — Thu, 30 Jul 2026 16:45:08 -0400

Apple Inc. sales grew slower than analysts anticipated last quarter in China and its services business, sparking concerns about two key markets.

Mark Zuckerberg is Trying to Compete With Everyone, Says Laura Martin

admin — Thu, 30 Jul 2026 16:35:06 -0400

Laura Martin, senior entertainment & internet analyst for Needham & Company, said that she is worried about Meta's strategy because Mark Zuckerberg keeps moving the goalposts on who he is taking on as competition. Martin said that although Zuckerberg's ideas might be good, the strategy is too diffuse to corner the market on chips or or AI. (Source: Bloomberg)

Roblox Users Miss Estimates Reflecting Impact of Safety Measures

admin — Thu, 30 Jul 2026 16:25:06 -0400

Roblox Corp. reported second-quarter daily active users that missed analysts’ expectations, reflecting the ongoing impact of new child-safety measures.

Amazon Reports Fifth Straight Quarter of Cloud Sales Growth

admin — Thu, 30 Jul 2026 16:20:04 -0400

Amazon.com Inc. reported cloud-computing revenue that beat analyst estimates, with booming demand for artificial intelligence services accelerating sales for the fifth straight quarter.

New 'Insensitive Borrower' in the Marketplace: TCW's Whalen

admin — Thu, 30 Jul 2026 16:10:04 -0400

Bryan Whalen, CIO and generalist portfolio manager of fixed income at TCW, and Winnie Cisar, global head of credit strategy at CreditSights, join Scarlet Fu on "Bloomberg Real Yield." For months, Big Tech has flooded debt markets with mega bonds that were initially snatched up by investors keen to get exposure to the AI boom. As demand wanes and bubble concerns mount, those deals are becoming harder and costlier to get over the line. (Source: Bloomberg)

Expectations, Reality 'Mismatched' With Some AI Companies: Winnie Cisar

admin — Thu, 30 Jul 2026 16:05:07 -0400

Bryan Whalen, CIO and generalist portfolio manager of fixed income at TCW, and Winnie Cisar, global head of credit strategy at CreditSights, join Scarlet Fu on "Bloomberg Real Yield." " As Big Tech barrels toward trillions of dollars of planned spending on AI, the price of protecting tech firms’ debt against default is jumping, in part on mounting concern about whether all the investments will pay off. (Source: Bloomberg)

Robinhood CEO Sees Prediction Markets as Fastest Growing Business

admin — Thu, 30 Jul 2026 15:50:09 -0400

Robinhood Chairman and CEO Vlad Tenev says the prediction markets business is the fastest growing in the firm’s history. Speaking on "Bloomberg The Close," Tenev also discusses the company's initiatives, Trump Accounts and the future of crypto. (Source: Bloomberg)

Apple (AAPL) Earnings: Live Q3 2026 Results From iPhone Maker

admin — Thu, 30 Jul 2026 15:30:06 -0400

Podcasters Are Building Businesses Off Free TV Channels

admin — Thu, 30 Jul 2026 15:05:06 -0400

For podcasters delving into video programming, YouTube isn’t the only game in town

DeepSeek Is Developing Massive AI Data Center in Inner Mongolia

admin — Thu, 30 Jul 2026 14:40:04 -0400

China’s DeepSeek is planning a massive artificial-intelligence data center in Inner Mongolia, according to people familiar with the matter, an ambitious move in computing infrastructure from the startup that’s shown it can compete with the leading AI models of Silicon Valley.

Qualcomm Sees AI Driving Its Next Growth Wave

admin — Thu, 30 Jul 2026 14:15:05 -0400

Qualcomm CEO Cristiano Amon joins Bloomberg after the chipmaker warned that soaring memory prices and supply shortages are weighing on the smartphone market. He explains why he expects that pressure to ease over time, how Qualcomm is shifting its business toward automotive, data centers and industrial AI, and why the company sees its next phase of growth extending well beyond handsets. Amon joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

K2 Space Lands $500 Million to Scale Satellite Production

admin — Thu, 30 Jul 2026 14:10:09 -0400

K2 Space has raised $500 million at a $6.8 billion valuation as investors continue pouring money into the fast-growing space industry. The startup, founded by former SpaceX engineer Neel Kunjur and his brother Karan, builds low-cost, high-power satellites for commercial and defense customers including the US Space Force, and says it has more than $1 billion in signed contracts. CEO Karan Kunjur explains how the new funding will help expand production as the company eyes future applications ranging from military missions to space-based AI data centers. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Microsoft's AI Story Is Still Being Discovered, Says Goldman

admin — Thu, 30 Jul 2026 14:00:06 -0400

Gabriela Borges, Goldman Sachs managing director and senior software equity research analyst, joins Bloomberg after raising her price target on Microsoft, saying the software giant is showing stronger signs that its AI investments are translating into revenue. She discusses Azure growth, improving adoption of Copilot, Microsoft's AI strategy, and why she believes investors are only beginning to appreciate the company's progress. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Qualcomm CEO Says the Smartphone Market Will Stay ‘Suppressed’

admin — Thu, 30 Jul 2026 13:55:06 -0400

Qualcomm Inc. Chief Executive Officer Cristiano Amon said demand for smartphones remains strong, but the growing costs of making the devices are keeping the market down.

Goldman Says Microsoft Shows Wall Street How AI Bet Pays Off

admin — Thu, 30 Jul 2026 13:45:06 -0400

Microsoft Corp. is giving investors clearer signs that it has multiple ways to turn its artificial-intelligence investment into revenue, Goldman Sachs Group Inc. analyst Gabriela Borges said, as the shares surged the most in almost 18 years.

Goldman Says Microsoft Shows How Its AI Bet Pays Off

admin — Thu, 30 Jul 2026 13:35:06 -0400

Meta Sinks After Defending AI Bets to Skeptical Investors

admin — Thu, 30 Jul 2026 12:50:05 -0400

Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence. David Kirkpatrick, Founder of Techonomy joins Bloomberg Intelligence to recap Meta's earnings. (Source: Bloomberg)

Samsung, SK Hynix Answer AI Doubters With Big Numbers and Deals

admin — Thu, 30 Jul 2026 12:10:05 -0400

In a remarkable week, the titans of the near-$1 trillion global memory industry smashed profit records. But they were unable to reverse a market rout that’s erased much of their stocks’ gains this year.

Inside Kendra Scott's Growth Strategy

admin — Thu, 30 Jul 2026 11:55:06 -0400

Kendra Scott CEO Chris Blakeslee joins Bloomberg Open Interest to explain why today's consumer is more selective, but still spending on meaningful purchases. He shares how experiential retail is driving growth, why fine jewelry is booming, and why AI should empower employees to deliver more human customer experiences. (Source: Bloomberg)

Microsoft's Goldilocks AI Quarter

admin — Thu, 30 Jul 2026 11:50:06 -0400

Microsoft's blockbuster earnings sparked a major rally as TD Cowen's Derrick Wood joins Bloomberg TV to explain why this was the perfect "Goldilocks" quarter. From accelerating Azure growth and improving AI economics to surging Copilot adoption, here's why Wall Street believes Microsoft's AI story is getting even stronger. (Source: Bloomberg)

Meta's AI Spending Faces Wall Street Test

admin — Thu, 30 Jul 2026 11:30:07 -0400

Meta's AI spending is under intense scrutiny after a softer outlook. MoffettNathanson analyst Michael Nathanson explains why investors no longer want promises—they want proof. Michael Nathanson joins Bloomberg Open Interest to break down Meta's unclear AI infrastructure strategy, the risk of massive capex, and why the company's metaverse history is making Wall Street far less patient this time. (Source: Bloomberg)

Bargain AirfaresAre Under Threatfrom AI Pricing

admin — Thu, 30 Jul 2026 11:25:07 -0400

The days of stumbling across a cheap seat on a popular flight may soon be over. K. Oanh Ha explains how airlines are adopting AI to squeeze more revenue from every flight. (Source: Bloomberg)

Oracle (ORCL) Stock Jumps as Google Gemini AI Partnership Expands

admin — Thu, 30 Jul 2026 10:25:08 -0400

Oracle Corp. gained more than 8% after saying it would expand a partnership with Google Cloud to bring Gemini artificial intelligence tools to its business customers.

Iconiq Backs Satellite Startup K2 Space at $6.8 Billion Value

admin — Thu, 30 Jul 2026 09:05:05 -0400

Startup K2 Space, which builds large satellites for high-power tasks like data-heavy communications and defense missions, has raised $500 million in a new round of funding, the company plans to announce Thursday.

Strategy Shores Up Liquidity as Bitcoin Faithful Wait on Rebound

admin — Thu, 30 Jul 2026 08:35:05 -0400

After a five-week pause on Bitcoin purchases, Strategy Inc. investors are left wondering what’s next for the largest buyer of the cryptocurrency following a tumultuous period.

Meta Reports $279 Billion in Future Data Center Leases for AI

admin — Thu, 30 Jul 2026 08:20:06 -0400

Meta Platforms Inc. said it has $279 billion in future lease agreements mostly related to artificial intelligence data centers that are not yet reflected on its balance sheet.

US Stock Futures Today: Chipotle, Crocs, Meta, Microsoft, Starbucks

admin — Thu, 30 Jul 2026 08:00:08 -0400

S&P 500 Index futures rise 0.7% as of 7:50 a.m. in New York as results from Microsoft boost sentiment for the tech sector.

Futures Climb With Boost From Microsoft’s Surging Cloud Growth

admin — Thu, 30 Jul 2026 07:45:06 -0400

US futures rose on Thursday as Microsoft Corp. jumped 9.8% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., rallied as well.

EU Pledges €10 Billion in Public Funding for New AI Data Centers

admin — Thu, 30 Jul 2026 07:35:08 -0400

The European Union invited companies to apply to build as many as seven artificial intelligence data centers in Europe backed by public funds, furthering the bloc’s closely-watched plan to cut its reliance on overseas technology.

Meta CEO Mark Zuckerberg Fails to Fill In The Details on an AI Cloud Business

admin — Thu, 30 Jul 2026 07:05:07 -0400

Investors and analysts are still waiting for the Meta CEO to give details of a new AI business

Why AI Is Making Cheap Flights Harder to Find

admin — Thu, 30 Jul 2026 06:35:09 -0400

Airlines can now price seats with dynamic precision, closing pricing gaps that travelers loved.

Disney CEO D'Amaro Wants to Overhaul Disney+ Streaming to Compete With Netflix

admin — Thu, 30 Jul 2026 06:05:06 -0400

Streaming has been a drag on Disney’s share price as subscriber growth stalled. A tech overhaul and more foreign-language shows are in the cards.

Apple’s Earnings Will Test Stock’s Status as the AI Safety Play

admin — Thu, 30 Jul 2026 05:05:07 -0400

Wall Street’s sudden aversion to AI spending has made Apple Inc. this year’s Big Tech stock market star. But the iPhone maker’s earnings after the close Thursday could remind investors of the hurdles it still faces.

Gilbert: Meta On Hyperscaler Spend Without the Business

admin — Thu, 30 Jul 2026 03:15:05 -0400

Microsoft shares surged in late trading after better-than-expected 4Q earnings, helped by continued strength in cloud computing and artificial intelligence. But Meta shares fell after a disappointing revenue forecast for the current quarter. It also reported the lowest free cash flow in years, a sign of ballooning AI spending. Josh Gilbert, APAC & Middle East Lead Analyst at etoro spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on some of the mag7 reporting. (Source: Bloomberg)

Gilbert: Meta On Hyperscaler Spend Without the Business (Video)

admin — Thu, 30 Jul 2026 03:10:05 -0400

Australia Online Regulator Starts Civil Proceedings Against Telegram

admin — Thu, 30 Jul 2026 01:15:06 -0400

Australia’s eSafety regulator has commenced civil penalty proceedings in Federal Court against the provider of Telegram for the messaging service’s alleged failure to detect and remove pro-terror material.

Pakistan’s Fintech Abhi Plans Microfinance Bank IPO This Month

admin — Thu, 30 Jul 2026 00:25:07 -0400

Pakistan’s fintech group Abhi is preparing to launch an initial public offering of its microlender this month, according to its founder, as it seeks to capitalize on the nation’s busiest year for listings.

GoTo CEO on 2Q26 Results

admin — Wed, 29 Jul 2026 23:35:05 -0400

Hans Patuwo, CEO of GoTo Group, discusses the Indonesian ride-hailing and food delivery firm's 2Q results, marking a consecutive quarter of net income. He outlines the company’s outlook and addresses its stock price, which has hovered at the lowest level permitted for regular trading under Jakarta exchange rules. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Samsung’s Chip Profit Soars 250-Fold on Memory Shortages

admin — Wed, 29 Jul 2026 22:20:05 -0400

Samsung Electronics Co.'s semiconductor arm reported a more than 250-fold jump in profit, with an operating income of 89.2 trillion won in the June quarter. Bloomberg's Anthony Stephens reports on the latest data. (Source: Bloomberg)

Meta’s Zuckerberg strains to assuage investor worries on AI bet

admin — Wed, 29 Jul 2026 20:15:05 -0400

Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports. (Source: Bloomberg)

Higher Airfares Loom on Busy Routes as AI Squeezes Out Bargains

admin — Wed, 29 Jul 2026 19:35:05 -0400

Globetrotters hunting for airfare bargains are in for a rude awakening: the days of stumbling across a cheap seat on a popular flight could soon disappear.

Senators Warn Apple Not to Buy Memory Chips From Chinese Firms

admin — Wed, 29 Jul 2026 19:00:08 -0400

A bipartisan group of US senators urged Apple Inc. to abandon any efforts to buy chips from blacklisted Chinese semiconductor suppliers CXMT Corp. and Yangtze Memory Technologies Co., warning that the iPhone maker risked becoming reliant on a US adversary for crucial components.

ChatGPT, Roblox to Fall Under Strictest EU Rules for Platforms

admin — Wed, 29 Jul 2026 18:10:06 -0400

OpenAI’s ChatGPT and video game company Roblox Corp. will be subject to stricter scrutiny and monitoring requirements under the European Union’s content moderation rules after surpassing a threshold of 45 million monthly users in the bloc.

Meta Gives Lackluster Quarterly Sales Forecast

admin — Wed, 29 Jul 2026 17:55:06 -0400

Meta Platforms Inc. gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s spending on artificial intelligence. Bloomberg News Big Tech Team Leader Kurt Wagner says as long as Meta is making money and the core business is going, they can get away with aggressive AI spending on data centers. He argues, however, that the minute worry sets in of a potential slowdown on its core advertising business investors start to question if the company should be spending so much on infrastructure. Plus, a viewer question on Meta's capex spending. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio (Source: Bloomberg)

Qualcomm and Arm Forecasts Fail to Impress Investors

admin — Wed, 29 Jul 2026 17:50:06 -0400

Jay Goldberg, Seaport Research Partners senior analyst, semiconductors and electronics, reacts to Qualcomm's weak profit forecast for the current quarter and Arm Holdings Plc's sales outlook that also failed to impress investors. He speaks on "Bloomberg The Close." (Source: Bloomberg)

Microsoft’s Cloud Accelerates to Fastest Growth Since 2022

admin — Wed, 29 Jul 2026 17:30:11 -0400

Microsoft cloud unit grew at the fastest pace in four years, suggesting that the company’s computing infrastructure and artificial intelligence services continue to make inroads with businesses. Azure cloud-computing revenue increased 43% during the fiscal fourth quarter, the company said Wednesday in a statement. That was the fastest quarterly growth since early 2022, and topped analysts’ average growth estimate of about 40%. Azure sales topped $100 billion for the first time during the fiscal year ended in June. Bloomberg Tech Host Ed Ludlow reacts to earnings (Source: Bloomberg)

The Key Takeaways From Meta's Earnings and Lackluster Forecast

admin — Wed, 29 Jul 2026 17:15:06 -0400

Ygal Arounian, Wedbush managing director, Internet equity research, reacts to Meta Platforms Inc.'s second-quarter earnings and disappointing earnings forecast on "Bloomberg The Close." (Source: Bloomberg)

Microsoft Reports Over $130 Billion in New Data Center Leases

admin — Wed, 29 Jul 2026 17:10:05 -0400

Microsoft Corp. reported more than $130 billion in new data center leases in the past quarter, signaling an accelerating pace of spending on artificial intelligence infrastructure.

Meta’s Free Cash Flow Dwindles to Lowest in Nearly Four Years

admin — Wed, 29 Jul 2026 17:05:07 -0400

Meta Platforms Inc.’s free cash flow has fallen to the lowest level since the third quarter of 2022, a result of its transformation from a social media app maker into an AI company.

Microsoft Capex Will Be Very High Next Year, RBC's Jaluria Says

admin — Wed, 29 Jul 2026 16:55:07 -0400

Rishi Jaluria, RBC Capital Markets managing director, software equity research, calls Microsoft's fourth-quarter earnings report "fantastic" and expects very high growth in capital expenditures next year. He speaks on "Bloomberg The Close." (Source: Bloomberg)

Goldman Pitches $5.4 Billion Debt for Microsoft-Tied Data Center

admin — Wed, 29 Jul 2026 16:50:04 -0400

Goldman Sachs Group Inc. is gauging investor appetite for a potential $5.4 billion debt offering to help fund a Blackstone-backed QTS data center tied to Microsoft Corp., as bubble concerns push up costs for artificial intelligence infrastructure financings.

Meta Gives Lackluster Third-Quarter Revenue Forecast

admin — Wed, 29 Jul 2026 16:15:07 -0400

Meta Platforms Inc. gave a disappointing current-quarter revenue forecast, intensifying investor concerns about the company’s unprecedented spending on artificial intelligence.

Qualcomm Profit Forecast Misses Estimates in Sign of Phone Woes

admin — Wed, 29 Jul 2026 16:05:06 -0400

Qualcomm Inc., the largest maker of smartphone processors, gave a weak profit forecast for the current quarter, signaling that component shortages and rising costs are taking a toll on its main market.

Why Moonshot's Kimi K3 Matters Beyond China

admin — Wed, 29 Jul 2026 14:50:07 -0400

Moonshot's Kimi K3 has reignited debate over China's role in the AI race, but Beringea Chief Investment Officer Karen McCormick says the bigger story is the growing availability of cheaper, open-weight AI models. She joins Bloomberg to explain why lower-cost AI is helping startups build faster, forcing frontier model providers to stay competitive, and accelerating AI adoption across industries. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

AI Workers Call for US to Pace Tech's Growth

admin — Wed, 29 Jul 2026 14:45:06 -0400

More than 1,100 workers from top AI firms have signed a petition calling on the US government to help "deliberately pace" AI development. The letter's signatories include the CEO of Anthropic and the chief scientists from OpenAI and Meta Superintelligence Lab. Bloomberg's AI editor Seth Fiegerman joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

SK Hynix Slips Ahead of Big Tech Results | Bloomberg Tech 7/29/2026

admin — Wed, 29 Jul 2026 14:40:05 -0400

Bloomberg’s Ed Ludlow breaks down why SK Hynix's Korean shares slumped even after reporting a six-fold jump in profit and raised capital spending to a record $31 billion. Plus, SoFi CEO Anthony Noto joins following the company's earnings topping Wall Street estimates, but showing high expenses; and big tech earnings are on the docket, with Microsoft and Meta coming next. (Source: Bloomberg)

AI Model Escape, Then Target Tools to Help Themselves Improve

admin — Wed, 29 Jul 2026 14:10:06 -0400

Goal-driven behavior, not malicious intent, is a key problem, according to security experts.

Stonepeak's Dorrell on AI, Data Centers, Infrastructure

admin — Wed, 29 Jul 2026 14:00:07 -0400

Stonepeak Chairman, CEO and co-founder Michael Dorrell talks about opportunities in markets, the growth of artificial intelligence, demand for new data centers and how it all plays into their investment strategy on "Bloomberg Deals." (Source: Bloomberg)

Microsoft, Meta Earnings Take Center Stage | Open Interest 7/29/2026

admin — Wed, 29 Jul 2026 13:55:07 -0400

Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Tech takes center stage as investors await blockbuster results from Microsoft and Meta. Oil surges after President Trump threatens new strikes on Iran, putting markets on edge. Plus, will the Federal Reserve stand pat or deliver a surprise. We'll break it all down with Goldman Sachs' David Mericle, Battery Ventures' Dharmesh Thakker on AI's next winners, and Logitech CEO Hanneke Faber joins us on chip risks, holiday demand, and navigating supply chain pressure. (Source: Bloomberg)

OpenAI CEO Sam Altman Discusses Next AI Model With US Lawmakers

admin — Wed, 29 Jul 2026 12:45:07 -0400

OpenAI Chief Executive Officer Sam Altman said he discussed the company’s upcoming artificial intelligence model with US lawmakers and expressed his support for Congress to pass AI legislation, highlighting calls to safeguard the emerging technology.

FTC Split Lets IonQ-SkyWater Quantum Deal Close Without Changes

admin — Wed, 29 Jul 2026 12:35:14 -0400

IonQ Inc. will close its $1.8 billion acquisition of semiconductor foundry SkyWater Technology Inc. later this week after the Federal Trade Commission was unable to decide whether to impose conditions on the deal, according to people familiar with the matter.

Experts Warn SpaceX Starship Heat Shield May Delay Rapid Flight Plans

admin — Wed, 29 Jul 2026 12:20:05 -0400

The heat shield that protects SpaceX’s Starship vehicle as it plummets back to Earth may prove to be a substantial roadblock to Chief Executive Officer Elon Musk’s path to designing a rapidly reusable rocket, according to three former NASA researchers and experts in the field.

Enterprise AI's Biggest Opportunity

admin — Wed, 29 Jul 2026 11:10:05 -0400

Battery Ventures General Partner Dharmesh Thakker joins Bloomberg Open Interest to make the case for investing beyond AI hype. He explains why enterprise software companies that deliver measurable business value will outperform. He also argues that open-source AI models could slash enterprise costs, accelerate adoption, and reshape the competitive landscape for OpenAI, Anthropic, and the broader AI ecosystem. (Source: Bloomberg)

AI Spending In Focus for Meta, Microsoft Earnings

admin — Wed, 29 Jul 2026 10:05:07 -0400

Gil Luria of DA Davidson says Microsoft will be the key company to watch during this earnings season and it all has to do with spending on artificial intelligence and capex. Microsoft and Meta Platforms both report after the bell on Wednesday. Luria speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Software Woes Push Europe Lenders to Seek Rare Repayment Terms

admin — Wed, 29 Jul 2026 10:00:07 -0400

Lenders are so worried about the impact of artificial intelligence on software firms that they’re pushing for repayment terms rarely seen in Europe since the global financial crisis.

FAA Approves DoorDash Delivery Drones, Humans Will Still Handle Most Orders

admin — Wed, 29 Jul 2026 09:05:06 -0400

DoorDash Inc. is building its own delivery drones and has gained the necessary approvals to operate them commercially, the latest in its effort to delegate more orders to robots as a way of cutting delivery times.

Bureau Veritas CEO Gharbi: Resilient Amid Complex Environment

admin — Wed, 29 Jul 2026 07:30:05 -0400

Hinda Gharbi, CEO of Bureau Veritas, one of the world's leaders in testing, inspection and certification, says the business environment is 'complex' but the company has seen 'resilience' despite the tensions in the Middle East. Gharbi spoke exclusively with Bloomberg's Francine Lacqua from Paris. (Source: Bloomberg)

Palantir’s New Rivals in Europe Seize the Sovereignty Opening

admin — Wed, 29 Jul 2026 07:05:05 -0400

European startups aim to replace the US software company

GoTo Posts Second Straight Profit After Cost Cuts Kick In

admin — Wed, 29 Jul 2026 06:55:06 -0400

GoTo Group reported its second consecutive quarter of net income, boosting the Indonesian ride-hailing and food delivery company’s efforts to navigate a challenging consumer market and a looming cut to ride-hailing commissions.

AI Investment Boom Faces Reality Check From Markets and Regulators

admin — Wed, 29 Jul 2026 06:30:06 -0400

After months of asking who can spend the most, investors are increasingly asking a different question.

DJI Debuts Long-Awaited Osmo 4P Camera, But US Creators Can’t Buy It

admin — Wed, 29 Jul 2026 06:05:04 -0400

Chinese drone maker DJI is rolling out its latest product, a $700 mechanically stabilized camera, pressing ahead with global launches while its products remain locked out of the US market following a federal ban last year.

Bureau Veritas CEO: Resilient Amid Complex Environment

admin — Wed, 29 Jul 2026 06:00:08 -0400

The CEO of Bureau Veritas, one of the world's leaders in testing, inspection and certification, says the business environment is 'complex' but the company has seen 'resilience' despite the tensions in the Middle East. Hinda Gharbi spoke exclusively with Bloomberg's Francine Lacqua from Paris. (Source: Bloomberg)

ASMPT Chief Sees AI Equipment Demand Intact as Bubble Fears Rise

admin — Wed, 29 Jul 2026 05:50:04 -0400

Chip gear maker ASMPT Ltd.’s top boss said that long-term demand for AI-driven equipment remains firmly intact, pushing back against against growing investor fears of an AI bubble.

Top Off-Grid Solar Firm Targets 1.5 Million Malagasy Customers

admin — Wed, 29 Jul 2026 05:20:05 -0400

Sun King, the world’s largest off-grid solar company, plans to sell products in Madagascar and targets connecting 1.5 million customers by 2030.

Schneider Electric in Talks to Buy Smart Device Maker Shelly

admin — Wed, 29 Jul 2026 05:10:05 -0400

Schneider Electric SE is in talks to acquire Shelly Group SE, a maker of smart devices for the home, according to people familiar with the matter.

China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value

admin — Wed, 29 Jul 2026 04:30:06 -0400

Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley.

Volatility Driving Dealmaking: Goldman Sachs

admin — Wed, 29 Jul 2026 04:05:05 -0400

Despite market volatility and geopolitical uncertainty, there is more confidence from large corporates when it comes to M&A, as these sponsors strive to be more decisive in their dealmaking says Anna Skoglund, Co-Head of EMEA Investment Banking at Goldman Sachs. She spoke to Bloomberg's Anna Edwards on "The Pulse" on July 28. (Source: Bloomberg)

SK Hynix Drops as Profit Disappoints

admin — Wed, 29 Jul 2026 03:30:07 -0400

SK Hynix shares slide by a daily record of around 19% in Seoul Wednesday, erasing early gains after the memory maker reported lower-than-expected operating profit for the second quarter and announced plans for higher spending. The company earmarked at least $31 billion in capital spending this year after reporting a six-fold surge in quarterly profit. Bloomberg's Anthony Stephens reports. (Source: Bloomberg)

Advantest Lifts Outlook After AI Chip Tester Demand Soars

admin — Wed, 29 Jul 2026 03:10:05 -0400

Advantest Corp. raised its outlook above estimates, pointing to robust demand for testers needed to manufacture increasingly complex chips for AI data centers.

AI Stock Selloff Accelerates as Investors Rotate Out of Chip Winners

admin — Wed, 29 Jul 2026 02:50:06 -0400

After piling into chip stocks and so-called AI winners, investors are now rushing to cut this exposure and rebalance portfolios. Even allowing for that, an acceleration of the selloff in recent days over China competitive risks looks premature.

Legrand Lifts Outlook as Clients Pour Billions Into Data Centers

admin — Wed, 29 Jul 2026 01:45:05 -0400

Legrand SA boosted its sales guidance as customers continue to invest heavily in artificial intelligence infrastructure.

US Risks Broadening China Tech Clash With Robot, Inverter Curbs

admin — Wed, 29 Jul 2026 00:20:06 -0400

Washington risked widening its tech confrontation with China by restricting more foreign-made goods, including some humanoid robots and power inverters.

Sixth Street, SK Telecom, GIC Are Said to Vie for Bain’s Bridge

admin — Tue, 28 Jul 2026 23:50:05 -0400

Investment firm Sixth Street Partners and South Korea’s SK Telecom Co. are among bidders for a significant stake in Southeast Asia’s Bridge Data Centres, according to people familiar with the matter.

HongKong Land CFO on 1H26 Results

admin — Tue, 28 Jul 2026 22:45:06 -0400

Craig Beattie, CFO of commerical property firm HongKong Land, discusses the company's 11% rise in underlying profit for the first six months of the year, and discusses its outlook and strategy for growth. He speaks exclusively with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Capcom Shares Surge After Record Catalog Sales, 1Q Profit Beat

admin — Tue, 28 Jul 2026 21:35:06 -0400

Capcom Co.’s shares gained the most since January 2014 after the Japanese videogame developer’s first-quarter operating profit beat analysts’ expectations, helped by strong software sales.

SK Hynix’s Profit Jump Misses Lofty AI Expectations

admin — Tue, 28 Jul 2026 19:50:05 -0400

SK Hynix Inc.’s quarterly profit rose 557%, but missed expectations, fueling fears that an AI boom that has propelled the semiconductor industry may be decelerating. Bloomberg's Mark Cranfield and Anthony Stephens share their insights. (Source: Bloomberg)

Hong Kong Data Center Loan Sale Shows Banks Hitting Sector Limits

admin — Tue, 28 Jul 2026 19:20:05 -0400

An attempt by a lender to offload a portion of a loan backing a Hong Kong data center project is highlighting a global trend of banks reshuffling lending to keep exposure to the booming sector within limits.

XRC Ventures Founder on the Need for AI Regulation

admin — Tue, 28 Jul 2026 19:15:06 -0400

XRC Ventures Founder & Managing Partner Pano Anthos understands the scale of the issue of AI governance with the insurance industry dropping or excluding AI risk, as companies struggle to manage their internal architectures against outside programs. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.' (Source: Bloomberg)

SK Hynix’s Record Profit Misses Investors’ Lofty AI Expectations

admin — Tue, 28 Jul 2026 19:00:08 -0400

SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating.

OpenAI Rogue Agent Hacked Account at a Second Firm, Reuters Says

admin — Tue, 28 Jul 2026 18:20:06 -0400

An OpenAI artificial intelligence agent that breached systems at Hugging Face Inc. also compromised a customer at a second technology company, New York-based Modal Labs, Reuters reported.

Bitcoin Excluded From S&P Pantera Digital Asset Index

admin — Tue, 28 Jul 2026 18:15:07 -0400

Bloomberg Intelligence's Dushyant Shahrawat joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Bitcoin was left out of the newly announced crypto index from S&P and Pantera Capital. (Source: Bloomberg)

Rescued by the AI Boom, Japan’s Kioxia Faces a Capex Race

admin — Tue, 28 Jul 2026 17:05:06 -0400

The chipmaker needs to prove it’s more than an accidental beneficiary of a supply squeeze in storage.

Veritas-Backed Software Firm Seeks $5.7 Billion Debt Refinancing

admin — Tue, 28 Jul 2026 15:50:07 -0400

Gainwell Technologies LLC is in discussions with investors to replace almost $5.7 billion of leveraged loans, a deal that would be the biggest refinancing from the beleaguered US software industry this year.

UK Proposes Fees to Weed Out Speculative Data Center Projects

admin — Tue, 28 Jul 2026 14:05:04 -0400

The UK’s energy regulator is proposing new rules to stop speculative data centers from clogging up the grid connection queue by requiring hefty upfront financial commitments and tougher project milestones.

China DUV Chipmaking: How Machine Advances Could Reduce Reliance on ASML, Nvidia

admin — Tue, 28 Jul 2026 13:45:05 -0400

China’s semiconductor industry may have achieved a breakthrough in building chipmaking machines that have long been dominated by the Netherlands’ ASML Holding NV. A state-backed firm in Shanghai has found a way to make so-called immersion deep ultraviolet lithography tools that are capable of manufacturing the most widely used chips, according to the Information.

ASM Outlook Beats Estimates as AI Boosts Demand for Chip Tools

admin — Tue, 28 Jul 2026 13:30:19 -0400

ASM International NV forecast revenue for the third quarter that beat analyst estimates, with the artificial intelligence infrastructure build-out driving demand for the chip-equipment maker’s tools.

Codelco Rules Out Meeting Copper Goals as It Faces Tough Year

admin — Tue, 28 Jul 2026 13:05:08 -0400

Codelco Chairman Bernardo Fontaine said the Chilean state copper behemoth faces another difficult year for production, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade.

OpenAI, Anthropic Staff Share Letter Asking US to Help Pace AI Progress

admin — Tue, 28 Jul 2026 12:50:05 -0400

OpenAI and Anthropic PBC employees are circulating a petition that calls on the US government to support a mechanism that would help “deliberately pace” AI development to prevent the technology from advancing too fast, days after the ChatGPT maker disclosed that its tools had mistakenly hacked another firm’s internal systems.

SpaceX Rebounds After Briefly Plunging 20% Below IPO Price

admin — Tue, 28 Jul 2026 11:40:06 -0400

SpaceX shares bounced back after temporarily erasing one-fifth of their value from the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.

SpaceX Falls 20% Below IPO Price, Erasing $1.2 Trillion Value

admin — Tue, 28 Jul 2026 09:50:05 -0400

SpaceX shares erased one-fifth of their value since the record setting debut of Elon Musk’s rocket, satellite and artificial intelligence company, as investors shunned riskier technology firms.

Moonshot Seeks More Nvidia Chips for Next AI Model, Report Says

admin — Tue, 28 Jul 2026 09:40:07 -0400

Chinese startup Moonshot AI is seeking access to more of Nvidia Corp.’s advanced Blackwell chips to train the next version of its model, Kimi K4, The Information reported, citing sources it didn’t name.

New Apple TV 4K Box, HomePod mini and Siri AI Smart Home Hub Are Coming

admin — Tue, 28 Jul 2026 09:10:05 -0400

Apple Inc., after spending years as a laggard in the smart home market, is preparing a dramatic new push into the category with fresh devices and software.

Alabama Dog Shelter Sues to Block Data Center Putting 44,000 Animals at Risk

admin — Tue, 28 Jul 2026 08:55:04 -0400

In Alabama, the pushback against AI data centers is turning into a dog fight.

Samsung, SK Hynix Leveraged ETFs Bring Boom-And-Bust to South Korean Investors

admin — Tue, 28 Jul 2026 07:05:05 -0400

The rush into ETFs tied to the memory-chip makers has boosted market volatility in South Korea

AI’s Circular Financing Is Back With Nvidia’s Latest Deals

admin — Tue, 28 Jul 2026 06:35:05 -0400

Investors worry that increasingly circular deals might artificially inflate demand and magnify losses if AI fails to turn profits in the future.

Meta, BlackRock Plan to Invest in $14 Billion Texas Data Center

admin — Tue, 28 Jul 2026 06:10:05 -0400

Meta Platforms Inc. and BlackRock Inc. will establish a joint venture to build and operate a 1-gigawatt data center complex in Texas, adding to a wave of investment in the computing hubs that power artificial intelligence.

Meta, Blackrock Plan to Invest in Giant Texas Data Center

admin — Tue, 28 Jul 2026 06:05:04 -0400

Meta Platforms Inc. and Blackrock Inc. will establish a joint venture to build and operate a data center complex in Texas, adding to a wave of investment in the computing hubs that power artificial intelligence.

AI Wipes Out Customer Service Jobs at Microsoft, Uber, CBA

admin — Tue, 28 Jul 2026 05:35:05 -0400

AI’s decimation of call center jobs has begun.

European Stocks Steady as Unilever Beat Offsets Tech Selloff

admin — Tue, 28 Jul 2026 05:20:06 -0400

European stocks traded steady as upbeat second-quarter results from Unilever Plc lifted consumer companies’ shares, helping offset pressure from the global selloff in semiconductors.

Orange Raises Full-Year Estimates on Spain Deal, Africa Growth

admin — Tue, 28 Jul 2026 02:15:06 -0400

Orange SA raised its profit outlook for the year, driven by growth in the French mobile carrier’s Africa and Middle East markets and the acquisition of a new business in Spain.

Nvidia Employee Detained by Taiwan in China Chip Smuggling Probe

admin — Tue, 28 Jul 2026 01:05:05 -0400

Taiwanese prosecutors have detained an Nvidia Corp. employee and searched the company’s offices as part of a widening probe into the alleged smuggling of AI accelerators into China, according to people familiar with the matter.

Taiwan Detains Nvidia Employee in China Chip Smuggling Probe

admin — Tue, 28 Jul 2026 00:55:06 -0400

Origin Says About 900,000 Customers’ Data Accessed in Breach

admin — Mon, 27 Jul 2026 22:35:04 -0400

About 900,000 current and former Origin Energy Ltd. customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers.

Anthropic’s Amodei Rejects Open Model Ban But Calls for Testing

admin — Mon, 27 Jul 2026 22:00:09 -0400

Silicon Valley leaders, including Anthropic PBC Chief Executive Officer Dario Amodei and Nvidia Corp. CEO Jensen Huang, are warning against a broad government crackdown on open-weight artificial intelligence systems as a response to a breakthrough Chinese AI model that’s challenged US leadership in the technology.

Australia’s ‘World-First’ Data Center Rules Face First Hurdle

admin — Mon, 27 Jul 2026 20:20:06 -0400

Prime Minister Anthony Albanese’s proposed “world-first” environmental and energy controls for Australia’s A$150 billion ($105 billion) data center pipeline will face their first test Tuesday, when federal, state and territory energy ministers meet to discuss guardrails for the booming sector.

Lenders to Distressed Cloud Tech Firm Dye & Durham Tap Advisers

admin — Mon, 27 Jul 2026 16:20:07 -0400

Dye & Durham Ltd.’s lenders have retained Houlihan Lokey Inc. as financial adviser as the software company’s capital position comes under increased scrutiny, according to people familiar with the matter.

Bankrupt Aquatic Parks Selling Dolphins Amid Fight With Ex-CEO

admin — Mon, 27 Jul 2026 15:50:06 -0400

US advisers liquidating the Mexican aquatic-theme parks operator The Dolphin Company asked a judge in Delaware for permission to sell some parks, alongside the animals in them, despite an ongoing fight over whether the company’s former chief executive officer was wrongly removed.

Angola Raises $321 Million Through Nation’s Biggest IPO

admin — Mon, 27 Jul 2026 15:10:05 -0400

Angola has raised 300.3 billion kwanzas ($321 million) through the sale of 15% stake in state-owned wireless operator Unitel SA, marking the southwest African nation’s biggest initial public offering.

Orange, Morrison Partner on French Data Center Project

admin — Mon, 27 Jul 2026 14:55:04 -0400

Orange SA and infrastructure manager Morrison are joining forces to create a data center company in France in an effort to strengthen Europe’s digital sovereignty.

What Is Moonshot AI’s Kimi K3 Model and Why Is It Making Waves?

admin — Mon, 27 Jul 2026 14:40:05 -0400

Chinese startup Moonshot AI’s new artificial-intelligence model has drawn global attention since its release for its powerful capabilities. Now, Moonshot has made the technology available for public download, a step expected to expand the company’s influence at a time when there is growing US concern about China’s rapid strides in AI development.

Philips Earnings Beat Estimates With Boost From US Tariff Refund

admin — Mon, 27 Jul 2026 14:20:05 -0400

Royal Philips NV’s operating profitability came in better than expected in the second quarter, as demand for its medical scanners outweighed the impact of tariffs.

AI Tools Uncover Record Software Flaws in Tech Sector, Database Shows

admin — Mon, 27 Jul 2026 14:15:05 -0400

The number of software security flaws discovered in popular technology products in 2026 is on pace to roughly double the tally of vulnerabilities that surfaced in 2025, an explosion driven by increasingly capable artificial intelligence systems.

Amazon Seeks FCC Nod to Beam Satellite Coverage to Mobile Phones

admin — Mon, 27 Jul 2026 10:40:06 -0400

Amazon.com Inc. has requested permission from the US Federal Communications Commission to launch a direct-to-device network of 5,000 satellites to provide mobile services to cell phones from space, furthering the company’s competition with SpaceX.

ASML Slides After Report of China Beginning DUV Tool Production

admin — Mon, 27 Jul 2026 10:35:05 -0400

ASML Holding NV shares slid to the lowest since early June after a report that a Chinese state-backed company has begun mass producing certain chipmaking machines which could present a potential threat to the Dutch firm’s sales.

Nvidia Makes ‘Substantial’ Investment in Sutskever’s Startup

admin — Mon, 27 Jul 2026 09:55:04 -0400

Nvidia Corp. said it has made a “substantial” investment in Safe Superintelligence Inc., the artificial intelligence startup co-founded by former OpenAI chief scientist Ilya Sutskever.

Nvidia Makes ‘Substantial’ Investment in Sutskever’s AI Startup

admin — Mon, 27 Jul 2026 09:30:07 -0400

Nvidia Corp. said it has made a “substantial” investment in Safe Superintelligence Inc., the artificial intelligence startup co-founded by former OpenAI chief scientist Ilya Sutskever.

Arnault Joins X as LVMH CEO Fights Off Rumors of Family Disunity

admin — Mon, 27 Jul 2026 08:15:06 -0400

Europe’s richest person has finally joined the social media fray.

Truist Names Jefferies Veteran Mineard Co-Head of TMT

admin — Mon, 27 Jul 2026 07:55:05 -0400

Craig Mineard is joining Truist Financial Corp.’s investment bank from Jefferies Financial Group Inc. to co-head the firm’s technology media and telecom group.

China Vows Response to US Sanctions Threat Against AI Firms

admin — Mon, 27 Jul 2026 07:30:07 -0400

China warned it would take “all necessary measures” if the US moves to sanction Chinese artificial intelligence companies over allegations they improperly used American models to train their own systems.

Samsung Shows Smart Glasses Still Work Best Tied to a Phone

admin — Mon, 27 Jul 2026 07:05:05 -0400

Today’s products perform best when connected to partner devices

AI and Layoffs: How Companies Are Talking to Employees and Investors

admin — Mon, 27 Jul 2026 06:45:06 -0400

What can you say to appeal to investors and employees at the same time?

HSBC to Hire 100 AI Specialists as Bank Sets Up Singapore Center

admin — Mon, 27 Jul 2026 06:20:07 -0400

HSBC Holdings Plc is set to hire more than 100 artificial intelligence specialists in Singapore with plans to launch a global AI center in the city-state later this year as the British lender steps up investments in the technology that’s reshaping Wall Street workforces.

Samsung Galaxy Z Fold 8 Review: Foldable Model to Compete With Google, Apple

admin — Mon, 27 Jul 2026 06:05:04 -0400

Between the Fold 8 and Apple’s first folding iPhone, US consumers are about to see a lot more of this shorter, wider shape.

CXMT Founder Zhu Yiming Pledges $5.6 Billion in Worker Bonuses After China IPO

admin — Mon, 27 Jul 2026 05:50:06 -0400

Zhu Yiming just joined a growing number of billionaires who have amassed great wealth in the race between the US and China for global tech dominance.

Multiverse Raising Funds at $1.7 Billion Value to Cut AI Costs

admin — Mon, 27 Jul 2026 03:20:05 -0400

Multiverse Computing SL is raising $570 million in a funding round that is set to boost its valuation to $1.7 billion, as investors flock to companies aiming to make it cheaper to use artificial intelligence.

Vodafone Service Revenue Beats Estimates on German Growth

admin — Mon, 27 Jul 2026 02:15:06 -0400

Vodafone Group Plc reported first-quarter service revenue growth that beat analysts’ estimates after sales increased in Germany, the phone carrier’s largest market.

SoftBank’s $40 Billion Loan for OpenAI Stake Gets 21 New Lenders

admin — Mon, 27 Jul 2026 00:35:06 -0400

SoftBank Group Corp.’s $40 billion bridge loan for its investment in US tech giant OpenAI has attracted a new group of 21 lenders in a broader syndication phase, according to people familiar with the matter.

Instagram, Facebook Ran AI ‘Nudify’ Ads from China, Report Says

admin — Sun, 26 Jul 2026 22:15:05 -0400

Meta Platforms Inc.’s Facebook and Instagram have served thousands of ads for AI “nudify” apps in breach of the company’s policies, delivered by one of its few advertising partners in China, according to the nonprofit Tech Transparency Project.

China’s Industrial Profit Growth Slows to Weakest Pace This Year

admin — Sun, 26 Jul 2026 21:55:04 -0400

China’s industry saw profit gains slow for a second month, adding to evidence of an uneven recovery for companies across parts of the world’s second-biggest economy.

SK Hynix Listing Emboldens Korea’s Drive to Repatriate Dollars

admin — Sun, 26 Jul 2026 21:25:05 -0400

A strong rebound in the won driven in part by SK Hynix Inc.’s record US listing has given South Korean authorities fresh impetus to prod exporters to repatriate their overseas dollars.

Chinese Biotech Overtakes AI as Emerging-Market Growth Trade

admin — Sun, 26 Jul 2026 20:05:04 -0400

As the artificial-intelligence rally sputters in emerging markets, investors searching for high-growth alternatives are turning to Chinese biotech.

Nvidia in Talks on $250 Billion Backing for OpenAI Hub, WSJ Says

admin — Sun, 26 Jul 2026 19:55:10 -0400

Nvidia Corp.’s in discussions to provide a guarantee of about $250 billion to help OpenAI lease computing from a giant data center project, the Wall Street Journal reported, citing people familiar with the matter.

China Memory Champion CXMT Set to Debut After $9.8 Billion IPO

admin — Sun, 26 Jul 2026 19:25:05 -0400

CXMT Corp. is set to begin trading in Shanghai on Monday after raising 66.6 billion yuan ($9.8 billion) in the second-largest initial public offering in China’s history, with potential for a first-day gain that would make it the largest company in the country.

Inside The Six-Year Fight to Reopen a Hollywood Movie Palace

admin — Sun, 26 Jul 2026 18:40:10 -0400

A 26-year-old actor rallied, protested and eventually cajoled a secretive family into a deal

European SpaceX Rival in Talks to Raise $300 Million, FT Reports

admin — Sun, 26 Jul 2026 14:00:09 -0400

The Exploration Company Gmbh, a potential European rival to Elon Musk’s SpaceX, is in talks to raise at least $300 million, in part from the European Union’s Scaleup Europe Fund, bumping the company’s valuation to more than $2 billion, the Financial Times reported.

Apple Glasses May Debut at WWDC 2027: Privacy, Camera Features Versus Meta

admin — Sun, 26 Jul 2026 10:05:05 -0400

Company debated whether glasses will be able to record video.

Memory Frenzy Primes China Champion CXMT for Historic Debut

admin — Sat, 25 Jul 2026 20:50:07 -0400

Investor excitement over the memory chip trade is setting outsize expectations for the Shanghai debut of CXMT Corp., which is on the brink of making history after a near-record initial public offering.

US Pauses Nightly Strikes on Iran as Houthis Clash With Saudis

admin — Sat, 25 Jul 2026 16:15:11 -0400

Skirmishes between Houthi rebels and Saudi Arabia intensified as a pause in the nearly two-week run of nightly US strikes on Iran raised fresh questions about President Donald Trump’s strategy in the war.

DeepSeek Said to Tell Backers of Funding Pause After Viral Posts

admin — Sat, 25 Jul 2026 11:00:08 -0400

DeepSeek has told prospective investors in its second fundraising round that it’s suspending the deal for now, people familiar with the matter said, days after comments widely attributed to founder Liang Wenfeng about US-Chinese AI competition went viral.

India’s Modi Adopts Reels Amid Instagram-Fueled Student Unrest

admin — Sat, 25 Jul 2026 04:05:05 -0400

As student protests spread across India, Prime Minister Narendra Modi has turned to Meta Platforms Inc.’s Instagram Reels, swapping his trademark cinematic videos for raw, self-recorded messages aimed at the country’s youth.

Samsung Inks $200 Billion Chip Supply with Broadcom

admin — Sat, 25 Jul 2026 02:50:06 -0400

Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.

China Fines Trip.com $765 Million for Market-Dominance Abuse

admin — Sat, 25 Jul 2026 00:00:09 -0400

Chinese regulators fined Trip.com Group Ltd. 5.18 billion yuan ($765 million), concluding that the country’s largest travel booking platform abused its market dominance after a monthslong investigation.

Big Asia Stock Funds Turn to Laggards to Cut Risk From AI Swings

admin — Fri, 24 Jul 2026 20:40:05 -0400

Investors in Asia are snapping up stocks from Indonesian banks to Chinese e-commerce titans and Indian technology firms, trimming bets on popular AI trades which have turned increasingly volatile.

Nvidia to Invest $1 Billion in Naver and Expand SK Group Accord

admin — Fri, 24 Jul 2026 20:15:06 -0400

Nvidia Corp. will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea, adding to a frenzy of deals by the world’s most valuable company.

SpaceX Starship Deploys Starlink Craft During Post-IPO Test

admin — Fri, 24 Jul 2026 19:45:06 -0400

SpaceX’s mammoth Starship launched to space and deployed upgraded Starlink satellites during its first major test since the company’s blockbuster initial public offering.

SpaceX Launches Major Starship Test in Post-IPO Spotlight

admin — Fri, 24 Jul 2026 19:15:11 -0400

SpaceX’s mammoth Starship launched on its first major test flight since the company’s blockbuster initial public offering, a high-stakes mission to test technology vital to Chief Executive Officer Elon Musk’s ambitions.

CFTC Warns Prediction Markets Over Blanket Self-Certifications

admin — Fri, 24 Jul 2026 16:50:06 -0400

The Commodity Futures Trading Commission is tapping the brakes on prediction markets’ practice of “self-certifying” boilerplate contracts that could apply to myriad events.

Getting Ditched by Amazon Revitalized One Game Studio

admin — Fri, 24 Jul 2026 14:05:07 -0400

Maverick Games, the maker of ‘Clutch,’ was ditched by Amazon but is doing just fine

SpaceX at $100 Would Imply Zero AI Value, Morgan Stanley Says

admin — Fri, 24 Jul 2026 14:00:06 -0400

The selloff in SpaceX shares has driven the stock near a level that would imply investors are assigning no value to its artificial intelligence business, according to analysts at Morgan Stanley.

SpaceX at $100 Would Imply Zero AI Value, Says Morgan Stanley

admin — Fri, 24 Jul 2026 13:55:06 -0400

The selloff in SpaceX shares has driven the stock near a level that would imply investors are assigning no value to its artificial intelligence business, according to analysts at Morgan Stanley.

Anthropic Unveils More Cost-Efficient Model for Everyday Tasks

admin — Fri, 24 Jul 2026 13:10:04 -0400

Anthropic PBC is rolling out a new artificial intelligence model that is meant to handle workplace tasks adeptly and affordably, a key selling point as some customers grow more cost conscious and competition increases in China.

Qualcomm Plans to Increase Its Prices by Double Digits

admin — Fri, 24 Jul 2026 13:05:07 -0400

Qualcomm Inc., the biggest maker of smartphone processors, plans to increase prices by a percentage in the double digits, a move that’s likely to ripple through much of the tech industry.

Qualcomm Tells Customers That Prices Are Going Up by Double Digits

admin — Fri, 24 Jul 2026 12:30:06 -0400

Qualcomm Inc., the biggest maker of smartphone processors, told customers that rising costs are forcing it to increase prices by a percentage in the double digits.

Nvidia, Microsoft Lead Call for Open-Weight AI Models After Kimi

admin — Fri, 24 Jul 2026 11:05:05 -0400

A coalition of technology companies led by Nvidia Corp. and Microsoft Corp. called on policymakers to promote the development of open-weight artificial intelligence models, positioning it as key to ensuring the US maintains technological leadership.

AI Startup Midjourney Buys Astrology App Co-Star and is Building Its Own Apps

admin — Fri, 24 Jul 2026 10:35:06 -0400

Artificial intelligence lab Midjourney Inc. has bought the popular astrology app Co-Star and is building its first standalone image-generation app, the startup’s latest moves to push into new business areas after promising an ambitious expansion last month.

Meta, Microsoft Face Renewed Unease Over AI Spending: US Earnings Week Ahead

admin — Fri, 24 Jul 2026 10:25:05 -0400

Microsoft Corp., Meta Platforms Inc. and Amazon.com Inc. face renewed investor anxiety over their debt-fueled capital expenditure plans after Alphabet Inc. raised the upper end of its spending forecast this year by as much as $15 billion.

Meta Wins Dismissal of Suit Over WhatsApp Privacy

admin — Fri, 24 Jul 2026 10:05:06 -0400

A judge dismissed a lawsuit alleging that Meta Platforms Inc.’s WhatsApp is able to access users’ encrypted messages and has made false claims about the privacy and security of its chat service.

CATL First-Half Profit Jumps 42% on Energy Storage Tailwind

admin — Fri, 24 Jul 2026 09:10:06 -0400

Contemporary Amperex Technology Co. Ltd. posted a 42% increase in first-half profit as the world’s largest electric-vehicle battery maker benefited from robust demand for energy-storage systems.

CATL’s First-Half Profit Jumps 42% on Energy Storage Tailwind

admin — Fri, 24 Jul 2026 08:00:07 -0400

Contemporary Amperex Technology Co. Ltd. posted a 42% increase in first-half profit as the world’s largest electric-vehicle battery maker benefited from robust demand for energy-storage systems.

AMD, Alphabet Find Good Results Aren’t Good Enough for Investors

admin — Fri, 24 Jul 2026 07:05:05 -0400

Investors are a bit numb to positive results as fears of an AI bubble return

AI Minister Jobs: Israel, UK Name Officials to Compete With US, China in AI Race

admin — Fri, 24 Jul 2026 06:35:06 -0400

These AI officials are at the mercy of technical breakthroughs from abroad, politics and the onslaught of AI disruption

EU Escalates TikTok Probe Over Lack of Teen Privacy Protections

admin — Fri, 24 Jul 2026 06:10:06 -0400

The European Union escalated a probe against TikTok under its content moderation rulebook, accusing the social network of failing to protect the safety and privacy of teen users.

SoftBank Weighs Deal for Robotics Startup Gravis

admin — Fri, 24 Jul 2026 04:55:05 -0400

SoftBank Group Corp. is considering an acquisition of Gravis Robotics AG, people familiar with the matter said, as the Japanese investor targets the artificial intelligence technologies underpinning robotics.

Bain and LY Are Said to Mull Higher Bid for Kakaku, Rivaling EQT

admin — Fri, 24 Jul 2026 03:50:05 -0400

Bain Capital and LY Corp. are considering making a fresh joint offer for Japanese online marketplace Kakaku.com Inc., people familiar with the matter said, marking an escalation in the bidding war with private equity firm EQT AB.

Tech Stocks Face Investor Skepticism as Rally Stalls and Profit Estimates Rise

admin — Fri, 24 Jul 2026 02:25:08 -0400

The earnings season is confirming worries that the technology rally had gone too far, with investors now harder to please and reluctant to buy into rising profit estimates.

SK Hynix, Samsung and Kioxia Face Pivotal Earnings Test on AI Swings

admin — Thu, 23 Jul 2026 21:35:04 -0400

SK Hynix Inc. and Samsung Electronics Co. are set to test investor appetite for memory chips as South Korea’s stock market — now a bellwether for global AI sentiment — grapples with violent swings driven by leveraged chip bets.

Australia to Spend Another $3.2 Billion to Set Up Aukus Shipyard

admin — Thu, 23 Jul 2026 21:30:07 -0400

Australia intends to plow more funding into a government-run shipyard in preparation for building nuclear-powered submarines, as the nation moves to upgrade its navy and expand domestic shipbuilding capacity.

Top Environmental Fund Sees Japan Key to AI Energy Challenge

admin — Thu, 23 Jul 2026 20:55:06 -0400

Asia’s best-performing environmental fund has increased exposure to Japan as it expects the nation’s technology sector to prove increasingly pivotal in solving the artificial intelligence industry’s surging power demands.

Robotics Startup Genesis in Talks to Raise About $500 Million

admin — Thu, 23 Jul 2026 18:25:07 -0400

AI robotics startup Genesis AI is in talks with investors to raise around $500 million in a new funding round, according to people familiar with the efforts.

Nvidia Signs $1.5 Billion Accord With Amkor for Chip Packaging

admin — Thu, 23 Jul 2026 17:35:05 -0400

Nvidia Corp. signed a $1.5 billion agreement with Amkor Technology Inc. to help bolster the company’s chip packaging facilities, part of a broader push to expand semiconductor operations in the US.

SK Hynix Billionaire to Get Long-Awaited Ruling on Divorce Case

admin — Thu, 23 Jul 2026 17:05:04 -0400

SK Hynix Inc. billionaire Chey Tae-won is set to receive a fresh court ruling on a long-running divorce dispute with his former wife, bringing their acrimonious legal battle closer to a conclusion.

Tech Bonds Hit by Selloff as AI Debt Fears Race Through Markets

admin — Thu, 23 Jul 2026 17:00:06 -0400

The bonds of some of the biggest US tech companies slid Thursday amid renewed worries about the scale of the debt-fueled artificial-intelligence boom and escalating conflict in the Middle East.

SAP Cloud Revenue Beats Estimates as Legacy Support Nears Cutoff

admin — Thu, 23 Jul 2026 16:20:04 -0400

SAP SE’s cloud revenue grew at a faster pace than analysts expected as customers move away from on-premises licenses ahead of the company’s deadline to halt support for legacy software.

Intel Forecast Shatters Estimates on Data Center Growth

admin — Thu, 23 Jul 2026 16:15:05 -0400

Intel Corp. delivered a surprisingly strong revenue forecast for the current period, indicating that a surge in data center spending is helping fuel the chipmaker’s long-awaited turnaround.

Intel Forecast Shatters Estimates, Fueled by Data Center Growth

admin — Thu, 23 Jul 2026 16:05:07 -0400

Intel Corp. delivered a surprisingly strong revenue forecast for the current period, indicating that a surge in data center spending is helping fuel the chipmaker’s turnaround.

Trump Expands AI Data Center Pledge in Bid to Ease Power Costs

admin — Thu, 23 Jul 2026 15:25:05 -0400

President Donald Trump on Thursday welcomed fresh commitments from power utilities and data center developers to put technology companies on the hook to pay for the electricity they need to drive energy-hungry artificial-intelligence systems.

A Group of Industry Powerbrokers Are Unveiling a New Definition of “Podcast”

admin — Thu, 23 Jul 2026 14:15:07 -0400

After months of secret meetings, a group of industry heavyweights are releasing a white paper codifying new podcasting frameworks

US to Produce Ukraine’s Magura Sea Drones for the First Time

admin — Thu, 23 Jul 2026 13:45:07 -0400

A US manufacturer is set to produce Ukraine-designed, battle-tested boat drones for the first time, as the White House bids to bolster America’s military production and expand its unmanned arsenal.

AMD Unveils New Products in Pursuit of $2 Trillion Market

admin — Thu, 23 Jul 2026 13:05:05 -0400

Advanced Micro Devices Inc. announced a raft of new products for data centers that it said will outperform those from rival Nvidia Corp., aiming to make gains in a booming market for artificial intelligence computing.

Microsoft Replacing OpenAI Image AI Models in Powerpoint, Bing

admin — Thu, 23 Jul 2026 12:40:05 -0400

Microsoft Corp. is replacing OpenAI’s image-generating models with its own technology in popular products like PowerPoint and Bing.

Drone Navigation Companies Seek New Ways Past Warzone Jamming

admin — Thu, 23 Jul 2026 11:50:05 -0400

GPS spoofing and other countermeasures meant to knock drones from the skies over battlefields are giving rise to novel navigation systems that will work even in the face of intense jamming.

Thermo Fisher Rises as Instrument Demand Recovery Lifts Outlook

admin — Thu, 23 Jul 2026 11:25:06 -0400

Thermo Fisher Scientific Inc. raised its revenue forecast after stronger-than-expected spending by biotech and pharma customers and a rebound in laboratory instrument demand helped pushed second-quarter sales past expectations. Shares jumped.

Alphabet’s Future Spending Commitments Soar to $811 Billion

admin — Thu, 23 Jul 2026 10:55:05 -0400

Alphabet Inc.’s Google had $811 billion in contracted future spending commitments at the end of June, up nearly $500 billion from just three months earlier.

Alphabet Falls as $205 Billion Spending Plan Fuels AI Cost Fear

admin — Thu, 23 Jul 2026 10:15:07 -0400

Alphabet Inc. raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence.

South Africa Fund Plans $609 Million VC Raise With Exits Rising

admin — Thu, 23 Jul 2026 08:25:06 -0400

A key South Africa fund plans to raise as much as 10 billion rand ($609 million) in venture capital to help scale high-growth startups, a move that would expand its technology sector and accelerate the development of one the continent’s most mature startup markets.

Google Says it Holds $94 Billion in SpaceX Shares After IPO

admin — Thu, 23 Jul 2026 07:50:05 -0400

Alphabet Inc.’s Google said its equity holdings include $94.1 billion in SpaceX shares, after the space-and-AI company’s blockbuster initial public offering.

Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted

admin — Thu, 23 Jul 2026 07:20:04 -0400

Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts.

Keeping Kids Safe Online From AI Shows US and China on Different Paths

admin — Thu, 23 Jul 2026 07:05:08 -0400

China’s proactive approach to regulating AI and social media appears to be working

Tinder Brings In-Person Dating Events to More Cities in the US, Europe

admin — Thu, 23 Jul 2026 07:00:12 -0400

Tinder is expanding its in-person singles events to new markets across the US and Europe following a successful test in Los Angeles that launched in March.

AI, Climate Change Are Creating a Perfect Storm for US Power Grids

admin — Thu, 23 Jul 2026 06:35:06 -0400

A perfect storm is brewing for more grid emergencies and service disruptions.

Google Fined €890 Million in EU Over Search, App Store Breaches

admin — Thu, 23 Jul 2026 06:15:06 -0400

Alphabet Inc.’s Google was fined a total of €890 million ($1 billion) by the European Union for violating the bloc’s Digital Markets Act, in a decision that risks further inflaming tensions with US President Donald Trump.

Comcast Earnings Beat Estimates on Peacock, Box Office Successes

admin — Thu, 23 Jul 2026 06:10:09 -0400

Comcast Corp. reported earnings that beat analysts’ estimates on key metrics, buoyed by the first-ever quarterly profitability at its Peacock streaming platform and a string of Hollywood hits.