AI Job Risks Extend Beyond Tech to PR, Web Development and Hotels
Bloomberg reports that artificial intelligence threats to employment have reached public relations, web development and hotel work while the broader US job market remains stalled.
Business
Funding, acquisitions, antitrust, layoffs, and the deals that shape the industry.
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Nvidia and Google Back MediaTek as an Emerging AI Chip Player
Nvidia and Google are investing in Taiwan’s MediaTek, positioning the company as a potential new force in AI chip production.
Nvidia Strengthens MediaTek Alliance as AI Push Continues
Jensen Huang and MediaTek CEO Rick Tsai outlined Nvidia’s plans to deepen collaboration on AI hardware and software during an exclusive Bloomberg interview.
AI Metrics Enter S&P 500 Earnings Reports
Michelle Weaver of Morgan Stanley reports that measurable AI benefits now appear in the financial results of a rising share of large companies.
AI Billionaires Back Ad Push to Protect Data Center Buildout
An advocacy group funded by artificial intelligence billionaires is spending millions on ads in battleground states to blunt opposition to new data centers.
Forrester CEO Assesses AI Investment Surge
George Colony addresses the scale of current AI enthusiasm as Nvidia commits $3.5 billion to MediaTek and markets prepare for a possible record Anthropic IPO.
Phil Schiller Steps Down from Leading Apple’s App Store and Product Events
Phil Schiller is stepping down from oversight of the App Store and Apple events after decades at the company.
Anthropic Legal Fight With Pentagon Reveals Shifting AI Politics
A federal judge ruled that the Pentagon took action against Anthropic in retaliation for the company's stated views.
Z.AI Revenue Miss Highlights Pressure From Low-Cost Rivals in China
Z.AI Co. reported sales below estimates, reflecting the difficulty of delivering advanced models while rivals undercut prices in a crowded domestic market.
SLB Acquires Kelvion for $3.4 Billion to Enter Data Center Cooling Market
SLB Ltd. will pay $3.4 billion in cash for the German cooling equipment maker Kelvion, a move aimed at data center services.
Humain and Applied Intuition Form Partnership to Deploy Self-Driving Trucks in Saudi Arabia by 2030
Saudi Arabia’s leading AI company teams with the simulation firm to move autonomous trucking from research into national infrastructure plans.
Former Traffic Chief Warns Autonomous Vehicles Could Be Turned Into Weapons
Sam Schwartz uses his novel Autokill to spotlight cybersecurity gaps that could let attackers seize control of connected cars.
OpenAI Ends Cursor Partnership After SpaceX Acquisition
OpenAI will terminate its partnership with the AI-coding agent Cursor following the tool’s acquisition by SpaceX.
CXMT Corp Sues Pentagon Over Military Blacklist Designation
Chinese memory chip maker CXMT Corp. asks a US court to remove it from a Defense Department list that flags the company as supporting China’s armed forces.
SentinelOne CEO Discusses Earnings and AI Cybersecurity Impact on Bloomberg
Tomer Weingarten appeared on The Close to address company results and the effects of artificial intelligence on security operations.
Pasqal Holding SA Rises 52 Percent on First Trading Day After SPAC Merger
Quantum computing company Pasqal Holding SA gained sharply after completing its public listing through a merger with a blank-check firm in New York.
Quantinuum CEO Ties AI Expansion Directly to Quantum Momentum
Rajeeb Hazra told Bloomberg that rising demand for artificial intelligence is strengthening the case for quantum computing investment and development.
CXMT Revenue Rises Nearly Tenfold on AI Memory Demand
Chinese memory chipmaker CXMT posted first-half revenue nearly ten times higher than the prior period, with profits also surging as AI hardware demand creates a memory shortage and elevates the firm to China’s most valuable business.
Robinhood CIO Sees AI Theme Intact but Tempered by Debt and Rates
Robinhood CIO Stephanie Guild says Nvidia’s results support the AI theme but warns heavy borrowing and higher rates will limit future returns.
OpenAI and Anthropic Warn That AI Progress Requires Immediate Cyber Defense Upgrades
OpenAI, Anthropic, and more than 100 other organizations urged businesses and governments to strengthen protections against AI-enabled attacks.
Nvidia AI Outlook Lifts Markets Ahead of Jackson Hole
Nvidia's forecast on AI demand drove immediate market gains and set the stage for debate on enterprise rollout and security before the Jackson Hole meeting.
AI Oversight Teams Need Explicit Backing From Leadership
Bloomberg reports that human reviewers at AI labs cannot succeed without direct support from the top of their organizations.
MTN and Tarek Al Ashram Commit to AI Data Centers Across Africa
MTN Group and Dubai investor Tarek Al Ashram have agreed to develop data centers that will supply the power and infrastructure needed for artificial intelligence workloads on the continent.
Maribel Lopez Calls AI the Biggest Infrastructure Upgrade Since the Internet
Maribel Lopez told Bloomberg that artificial intelligence represents the largest infrastructure change since the internet, citing Nvidia’s strong sales guidance through fiscal 2028 as evidence that spending momentum remains intact.
Nvidia Projects 70 Percent Revenue Growth for Fiscal 2028
Nvidia's revenue forecast for fiscal 2028 came in well above analyst estimates and reduced immediate worries over an AI spending slowdown.
DataBank Taps Internal CFO Kevin Ooley as CEO to Steer AI-Driven Growth
DataBank names CFO Kevin Ooley incoming CEO as the operator confronts power and grid limits across its 70-plus facilities.
Nvidia Forecasts Extended AI Sales Growth Through 2028
Nvidia’s fiscal 2028 outlook signals sustained demand for its chips despite earlier market doubts about AI investment fatigue.
Half of Planned US Data Centers Face Delay Risk, Kimmeridge Reports
Investment firm Kimmeridge Energy Management Co. estimates that political pushback and construction hurdles could stall or cancel as many as half of proposed facilities across the country.
Wrtn Technologies Raises Funding at $870 Million Valuation
South Korean AI platform Wrtn Technologies closes a round at 1.2 trillion won to finance expansion beyond its home market.
Humanoid Robot Industry Still Far From Its ChatGPT Moment
Two events held in China this month displayed incremental hardware and software gains, yet the sector continues to lack the sudden capability jump that would mark a true inflection point.
Apple Readies Mac Mini Update After Nearly Two-Year Gap
Apple plans its first Mac mini refresh in almost two years, with the move reported by sources close to the plans.
Lambda Seeks Up to $3 Billion in Pre-IPO Funding
AI cloud provider Lambda, backed by Nvidia, is negotiating a large round that could lead to a public listing next year.
Chinese Hackers Integrate DeepSeek to Scale Offensive Operations
Researchers report that open-source AI models are now embedded in campaigns run by Chinese threat actors targeting systems abroad.
AI Resumes Push Employers to Demand Direct Human Contact
Hiring managers now favor networking events, live assessments, and phone calls to separate genuine candidates from those using AI to polish applications.
Nvidia AI Server Price Increases Draw Bullish View from Analyst Dan Ives
Dan Ives of Yorkville Ives & Co. calls Nvidia's planned price rises of more than 15 percent on many AI servers a positive sign for the sector ahead of earnings.
Nvidia Holds Its Lead as Rivals Push Into the Trillion-Dollar Chip Market
New entrants and existing players are testing Nvidia’s grip on a market the company still dominates.
Asian Earnings Season Peaks With Tests for AI Rally Durability and China Spending Rebound
Corporate results from the region’s largest firms will show whether recent gains tied to artificial intelligence spending and tentative signs of Chinese consumption growth can continue.
Nvidia Notifies Largest Customers of AI Server Price Increases Above 15 Percent
Nvidia has informed major buyers that servers built around its artificial intelligence chips will carry price increases exceeding 15 percent in many cases, driven by higher memory costs.
Tsu-Jae King Liu Weighs In on Nvidia and AI Energy Demands
Former Intel board member and National Academy of Engineering president Tsu-Jae King Liu appeared on Bloomberg to discuss semiconductors and the power requirements of current AI systems.
ITG CFO Casts Company as Foundational Supplier in AI Infrastructure Push
ITG's chief financial officer described the fiber and communications firm as the "picks and shovels" provider for data center connectivity needs after its July IPO.
Apple Cuts Jobs in Siri and Vision Pro Teams
Apple is reducing staff in its Siri and Vision Pro groups, including immersive video and gaming efforts, to shift resources toward new devices and artificial intelligence.
Local Trades Question Durability of AI Data Center Buildouts
Electrical contractors and HVAC engineers in communities outside tech hubs are asking whether promised AI infrastructure spending will hold once funding and demand prove uncertain.
Data Centers Draw a Distinct Brand of Local Opposition
Resistance to new facilities questions the need for the AI buildout itself rather than just its placement.
European Governments Direct Public Funds to Local AI Labs and Chip Makers
States are subsidizing domestic frontier AI efforts out of concern they will be left behind in the current technology cycle.
Salesforce and ServiceNow Counter Wall Street Doubts With Buybacks
Enterprise software firms are using stock repurchases and direct messaging to push back against investor concerns that AI could weaken their core businesses.
UK Government Backs AI Chip Startups for Domestic Foothold
Britain is directing public funds toward early-stage AI semiconductor companies in an effort to reduce reliance on foreign suppliers.
Samsung Forecast to Regain Smartphone Market Lead This Year
Counterpoint Research predicts Samsung Electronics will take the top global position in 2026 because it handles higher memory-chip prices more effectively than rivals during the current slowdown.
Danfoss Expects Data Center Cooling Sales to Double Share of Revenue This Year
AI-driven chip power demands push operators to buy more thermal equipment from the Danish supplier.
Phancy Group Pins Future Growth on Global AI Demand
Chief strategy officer Maryann Tseng states that rising worldwide needs for AI development will support the company's expansion plans over the coming years.
Open Machine CEO Details Two-Tier AI Spending Strategy at Frontier Companies
Allie Miller describes how leading technology firms split resources between broad baseline tools and a smaller high-budget experimental group.
Anthropic Lets Enterprise Customers Retain Advanced Model Data on Their Own Clouds
Anthropic will shift storage of data from its most capable AI models to customer-controlled infrastructure while keeping a 30-day retention window.
Anthropic Prepares IPO Expected to Match or Beat SpaceX Record
Anthropic PBC is advancing plans for an initial public offering that people familiar with the matter say could equal or surpass the size of SpaceX’s record-setting debut.
Moonshot and ZAI Models Reach Parity with OpenAI and Anthropic on Key Tasks
Chinese AI labs now deliver website-building performance at three-quarters the price of Claude.
Meta Emerges as Major Buyer of Microsoft AI Services
Meta Platforms has become one of Microsoft’s largest AI customers, a sign that demand for the technology stays concentrated among large tech firms.
LeadShine Director States China Now Builds Humanoid Robots in Months
Strategic investment head Nangle Zheng told Bloomberg that domestic supply chains have cut humanoid robot development from years to months.
Anthropic Pre-IPO Credit Facility Expected to Top $10 Billion
Anthropic is in talks to secure a revolving credit line larger than its $10 billion target, a sharp increase from the $2.5 billion facility it arranged last year.
Fuse Raises $100 Million to Push Commercial Fusion Generators
Investors back Fuse as the company targets faster generator builds to help the United States stay ahead of China in fusion energy development.
Amazon’s Vague Order Emails Create New Openings for Phishing
Amazon now sends confirmation messages that label purchases with broad categories instead of specific items, leaving recipients unsure what they actually bought.
Nvidia Aims to Keep AI Demand Alive After Chips Become Abundant
Nvidia is preparing for a future in which hardware supply no longer limits AI adoption.
Unitree Moves Toward IPO as Investors Target China’s Humanoid Robot Sector
Unitree’s planned public offering draws attention to a market that Morgan Stanley projects could reach five trillion dollars by 2050, set against the backdrop of competition between China and the United States.
Semiconductor Selloff Deepens as Samsung and SK Hynix Shares Fall More Than 7 Percent
US chip losses triggered a 5 percent drop in the Philadelphia Semiconductor Index and sent Samsung and SK Hynix shares down over 7 percent in Seoul trading.
Vietnam Holds Lead in Southeast Asia Growth as Tech and Energy Split Regional Results
Vietnam posted the strongest expansion among major Southeast Asian economies in the second quarter while Thailand fell behind, with technology and energy factors driving uneven outcomes.
Unitree Robotics to Begin Trading After Raising $904 Million in Shanghai IPO
Unitree Robotics will start trading in Shanghai this week as the first publicly listed humanoid robot maker in mainland China following its 6.1 billion yuan raise.
Apple Simplifies EU App Store Fees and Drops Per-Install Charges
Apple removes acquisition and store services fees for non-App Store distribution while replacing the Core Technology Fee with a flat 5 percent commission on digital purchases.
Data Center Builders Turn to Dedicated Gas Plants, Raising US Power Emissions 20 Percent
Developers are installing custom natural-gas facilities to power new data centers, a move that undercuts the climate targets of major technology companies.
Chinese AI Models from DeepSeek, Qwen and Moonshot Match US Performance at Lower Cost
Chinese AI models are cheaper and more adaptable than the preeminent US platforms, and studies suggest they’re now almost as proficient.
China Removes Older Windows Version from State Agencies Ahead of Schedule
China is accelerating the removal of a government-tailored Microsoft Windows version from state agencies to cut reliance on foreign technology.
Alibaba Sells Gaming Arm for at Least $1.5 Billion to Fund AI Push
Alibaba is selling its gaming arm for at least $1.5 billion to redirect resources toward artificial intelligence.
CXMT Becomes China’s Most Valuable Company
CXMT Corp. now tops Chinese equity markets, pointing to a deeper reordering of which firms receive priority.
Alibaba Open-Weight Models Reach 3 Billion Downloads in Six Months
Alibaba Group Holding’s open-weight artificial-intelligence models have become the most downloaded in the world, surpassing those from Meta Platforms and Alphabet.
OpenAI Revenue Run Rate Surges Toward $40 Billion Ahead of Potential IPO
OpenAI is projected to more than double its annualized revenue to over $40 billion, driven by consumer subscriptions, enterprise contracts, and its Codex coding tool, even as compute costs mount.
AI Revives Indeed After Investors Wrote Off the Job Site
Bloomberg reports that artificial intelligence features have produced measurable growth at the employment platform once viewed as vulnerable to obsolescence.
Z.ai to Upgrade Flagship Model in Push to Close Coding Gap With OpenAI and Anthropic
Z.ai Co. will release an updated version of its main AI model as part of ongoing Chinese open-weight efforts to match or exceed the coding performance of systems from OpenAI and Anthropic.
OpenAI Revenue Run Rate Surpasses $40 Billion Ahead of Planned IPO
OpenAI has reached an annualized revenue run rate above $40 billion, roughly double the figure at the end of 2025.
Cerebras CEO Says Renting Compute Capacity Drives Strong Profits
Andrew Feldman states that compute rentals remain highly profitable for Cerebras even after the company reported slower growth projections that sent shares lower.
Mid-Caps Emerge as Next Layer in AI Investment Strategies
Lori Keith of Parnassus Investments tells Bloomberg Tech that opportunities in the AI buildout extend to mid-sized companies supplying infrastructure and applying the tools for productivity gains.
ASUS Raises 2026 AI Server Growth Target
Co-CEO S.Y. Hsu points to continued strong demand for AI infrastructure as the driver behind the company's revised outlook.
YMTC Overtakes Kioxia in NAND Flash Shipments
China’s Yangtze Memory Technologies Co. shipped more flash memory than Japan’s Kioxia Holdings Corp. for the first time in the June quarter, according to a Bloomberg report on AI-driven supply shifts.
Nvidia Lines Up Wall Street Partners for $500 Billion AI Infrastructure Push
Nvidia is partnering with Apollo, Blackstone, BlackRock and Brookfield to raise $500 billion for AI infrastructure financing.
SpaceXAI Introduces Grok Bot as Multi-Agent AI Software
SpaceXAI released new artificial intelligence software that functions as a team of agents handling assignments throughout the day.
OpenAI Executive Brad Lightcap Steps Down to Pursue New Project
Brad Lightcap, a longtime OpenAI executive who previously served as chief operating officer, is departing the company to start something new.
Sequoia Capital Steps Up AI Startup Funding
Sequoia Capital is increasing its commitments to artificial intelligence companies and setting aside earlier restraint in the sector.
Zuckerberg Publishes 6,500-Word Essay on AI Priorities
Meta chief executive Mark Zuckerberg released a long-form statement that centers open access to AI models as the decisive factor for the field's progress.
Google AI Researchers Tell Applicants to Skip the Company’s Own Recruiting Filters
Google sells AI tools that promise faster, smarter hiring screens to other companies, yet its own researchers tell candidates those filters are not reliable.
Nvidia Nears $500 Billion AI Funding Tie-Up With Major Investment Firms
Nvidia is in advanced talks with a group of US investment giants to assemble a $500 billion package aimed at financing the buildout of AI infrastructure.
China’s Path in AI Competition Hinges on Semiconductor Supply Chains
Baillie Gifford portfolio manager Paulina McPadden points to durable manufacturing advantages at firms such as TSMC, SK Hynix and ASML as reasons not to discount China’s position.
Intel Raises $15 Billion in Stock to Fund Growth Amid AI Data Center Interest
Intel will sell common shares to capture renewed investor attention driven by artificial intelligence demand.
Sony and TSMC Discuss ¥1 Trillion Joint Outlay for Image Sensor Factory in Japan
Sony Group Corp. and TSMC are in talks to commit a combined $6.4 billion to an image sensor plant on Japanese soil.
TSMC Sales Climb 45 Percent on Sustained AI Hardware Orders
Taiwan Semiconductor Manufacturing Co. posted a sharp monthly sales increase that points to continued capital spending on AI chips even amid market volatility.
Moore Threads Sets Sights on Hong Kong Listing
Chinese AI chip designer Moore Threads Technology plans a Hong Kong listing after its shares rose more than 420 percent since the Shanghai debut last year.
Switch Files Confidentially for IPO to Access AI Data Center Demand
Switch Inc. submitted a confidential filing for a US initial public offering, following other data center companies that seek investor exposure to artificial intelligence infrastructure.
DeepSeek Price Increase Draws Scrutiny From AI Developers
DeepSeek’s plan to raise prices on its models has the rest of the industry watching for signs that low-cost Chinese AI is losing its edge.
Gravitee CEO Urges Priority on AI Governance, Security, and Control
Rory Blundell of Gravitee told Bloomberg that organizations must address governance, security, and control as AI systems spread.
Beijing Policy Fuels Sales Outlook for China’s Domestic AI Chip Designers
China’s AI chip designers expect stronger revenue this earnings season as Beijing directs local companies toward homegrown components.
Atlassian Stock Rises After Revenue Growth Eases AI Disruption Worries
Atlassian reported higher quarterly revenue, which reduced immediate concerns that artificial intelligence tools would replace its collaboration software and lifted shares in after-hours trading.
Nvidia and Dell Invest in AI Cloud Startup Volta at $2.4 Billion Valuation
Volta Infra Holdings raised $300 million in equity funding and secured $5 billion in additional financing to broaden access to high-cost AI chips.
CoreWeave Sets Up First Asian Data Centers in Indonesia
AI cloud provider CoreWeave will open facilities in Indonesia as its initial step into the region’s growing demand for compute capacity.
Bending Spoons Agrees to Acquire Airtable at a Fraction of Peak Value
Bending Spoons will purchase the spreadsheet and database platform in a deal that values the company far below its 2021 high.
China’s Wave of AI Models Narrows the Gap for US Rivals
China’s recent model releases are closing the performance and cost distance with Silicon Valley offerings, leaving competitors without leading-edge capability or rock-bottom prices in a shrinking market.
Ternus Brings Back Former Hardware VP to Shape Apple’s Next Phase
Incoming Apple CEO John Ternus rehires retired hardware VP Laura Legros to his direct team to manage cross-company engineering coordination.
AWS CEO Says Capex Will Continue as Demand Outruns Supply
AWS CEO Matt Garman says the company will keep spending on capacity because demand still exceeds supply.
Valar Atomics Raises $1 Billion in Series B for Nuclear Power
Valar Atomics raised $1 billion in a Sequoia-led Series B and a $200 million credit facility to develop gigasites and a vertically integrated nuclear power business for AI demand.
Meta Earnings Disappoint as AI Promises Raise Fresh Timing Worries
Meta's earnings missed expectations while its AI product outlook created more concern than the quarter's results.
AI Tools Let Retail Traders Automate Like Hedge Funds
AI tools now let retail day traders build automated systems that mimic hedge-fund strategies.
Malaysia Reportedly Moves to Close Balaji Srinivasan’s Network School
Malaysia is reportedly shutting down Balaji Srinivasan’s Network School, the experimental techno-optimist community.
SpaceXAI Will Remove All 69 Unpermitted Turbines Over the Next Year
SpaceXAI will remove its 69 unpermitted turbines over the next year and replace them with a 1.2GW power plant after a lawsuit over permits and pollution.
Judge Denies xAI Request to Block Minnesota Nudify App Ban
A Minnesota judge rejected xAI’s bid to block the state’s ban on nudify apps, letting the law proceed.
Judge Denies xAI Request to Block Minnesota Nudify App Ban
A judge denied xAI’s bid to block Minnesota’s law banning nudify apps, letting the state measure take effect.
London Founder House Bets on Work-Life Balance to Fight Burnout
A London hacker house is testing whether enforced work-life balance can reduce founder burnout more effectively than the usual nonstop pace.
Michael Dell Reveals the One-Page Earnings Report That Kept Him Out of College
Michael Dell shared a 42-year-old earnings report showing nearly $135,000 in quarterly revenue that convinced his parents he could skip college and run the startup full time.
Apple Reports Record $109.4 Billion Quarter as Cook Ends Run
Apple reported record Q3 revenue of $109.4 billion, up 16 percent, with iPhone sales rising 22 percent in Tim Cook’s final earnings call.
Africa Positions for AI Data Centers as Energy Choices Loom
Teraco CEO Jan Hnizdo says Africa's data center growth for AI depends on energy supply and sustainability choices.
Apple Blames Services Shortfall on App Store Rule Changes and Gaming Weakness
Apple reported $30.7 billion in services revenue but cited App Store rule changes and weaker mobile gaming as drags on growth.
LinkedIn Adds a Dedicated Flag for Posts That Seem Like AI Slop
LinkedIn introduces a button to flag posts that seem like AI-generated slop, responding to reports that 41 percent of long-form content on the platform is fully machine-written.
Apple Ties Services Miss to Gaming Weakness and Court-Ordered App Store Changes
Apple reported $30.7 billion in services revenue but said mobile gaming softness and App Store regulatory changes slowed growth.
Apple Posts Record $109.4 Billion Quarter on iPhone, Mac and Services Growth
Apple posted $109.4 billion in revenue for its fiscal third quarter, up 16 percent, with new records in iPhone, Mac and Services.
Apple Attributes Services Revenue Miss to Gaming Slowdown and App Store Rule Changes
Apple reported 12 percent services growth that still missed targets after regulatory changes and mobile gaming softness hit the App Store.
Fortnite Returns to iPhone in Brazil Through Epic Games Store
Epic Games opened its store on Brazilian iPhones, restoring Fortnite access while criticizing Apple's nine-step installation flow that exceeds the EU's six-step process.
Apple Reports Record June Quarter With $109.4 Billion Revenue
Apple posted $109.4 billion in Q3 2026 revenue, up 16 percent, with record profit and new highs for iPhone, Mac, and Services.
Apple Ties Services Miss to App Store Regulatory Shifts and Gaming Weakness
Apple reports services revenue rose 12 percent to $30.7 billion but missed expectations due to App Store regulatory changes and softer mobile gaming.
Goldman Sachs Flags Multiple Paths for Microsoft to Monetize AI
Goldman Sachs says Microsoft is showing multiple routes from AI spending to revenue, sending shares up the most in nearly 18 years.
Goldman Sachs Lifts Microsoft Price Target on AI Revenue Signs
Goldman Sachs raised its Microsoft price target after seeing clearer revenue from AI investments in Azure and Copilot adoption.
Zoox Wins Federal Exemption to Operate Paid Robotaxis Without Steering Wheels
NHTSA granted Zoox a two-year exemption to run up to 2,500 steering-wheel-free robotaxis per year and charge for rides.
Meta Skips Specifics on AI Cloud Unit
Meta CEO Mark Zuckerberg gave no timeline, revenue targets, or capacity figures for a planned AI cloud business, leaving investors without new details.
Microsoft Cloud Growth Sends Futures Higher
Microsoft shares rose 9.8 percent on its fastest cloud growth in four years, lifting futures and semiconductor stocks.
Apple Rejects UK Bid to Open App Store Payments
Apple told UK regulators that proposed App Store steering rules would give the CMA intrusive control over pricing and commissions.
Microsoft Reports $90 Billion Quarter as Azure Annual Revenue Tops $100 Billion
Microsoft posted $90 billion in Q4 FY26 revenue, up 18 percent, as Azure annual revenue crossed $100 billion for the first time.
Apple Tells UK Regulators Its App Store Rules Are Too Intrusive
Apple told the UK's CMA that proposed App Store steering rules would give regulators direct control over pricing and product decisions.
ChatGPT and Roblox Enter EU’s Highest Tier of Platform Oversight
OpenAI’s ChatGPT and Roblox now face the EU’s strictest content-moderation duties after each passed 45 million monthly users in the bloc.
Senators Urge Apple to Drop Plans for Chips From Blacklisted Chinese Suppliers
US senators warn Apple against buying memory chips from two blacklisted Chinese suppliers, citing risks of reliance on an adversary.
Apple Rejects UK App Store Steering Rules as 'Highly Intrusive'
Apple told UK regulators that proposed App Store steering rules would give the CMA excessive control over pricing and product decisions.
Microsoft and Meta Earnings Draw Investor Focus Amid Market Tensions
Microsoft and Meta earnings reports sit at the center of trading attention as oil prices climb on geopolitical threats and Fed policy remains in question.
Stonepeak CEO Highlights AI and Data Center Demand on Bloomberg
Stonepeak CEO Michael Dorrell discussed AI growth and data center demand during a Bloomberg Deals interview.
UK Antitrust Body Opens Probe Into Microsoft Copilot Subscription Pricing
The UK competition watchdog is investigating whether Microsoft misled customers about price increases tied to Copilot in its productivity subscriptions.
NextEra and Brookfield to Convert Kentucky Uranium Site Into $100 Billion Data Campus
NextEra Energy and Brookfield will spend over $100 billion to convert a shuttered Kentucky uranium-enrichment site into a data center campus with its own power plant.
European Startups Position Themselves Against Palantir on Data Control
European startups are developing alternatives to Palantir to address data sovereignty concerns.
UK Antitrust Watchdog Opens Probe Into Microsoft Copilot Pricing
The UK competition watchdog is investigating whether Microsoft misled customers on higher subscription costs after adding Copilot to its productivity suite.
Double Fine Cuts Staff After Xbox Spin-Off
Double Fine has laid off staff shortly after spinning off from Xbox during Microsoft's studio restructuring.
AirTrunk Secures $2.3 Billion Green Loan for New Malaysia Data Center
AirTrunk, owned by Blackstone, raised a $2.3 billion green loan from 30 lenders to build a data center in Malaysia, its largest single-asset financing.
US Weighs New Curbs on Chinese Humanoid Robots and Power Inverters
Washington is preparing import curbs on Chinese humanoid robots and power inverters, extending its technology restrictions on Beijing.
Legrand Raises Sales Outlook on AI Data Center Demand
Legrand SA raised its sales guidance as clients direct billions into data centers for artificial intelligence infrastructure.
Double Fine Cuts Staff After Xbox Spins Off the Studio
Double Fine has begun layoffs after its separation from Xbox during the platform holder’s studio restructuring.
SK Hynix Profit Rise Misses Market Forecasts on AI Demand
SK Hynix posted a 557% profit increase that still missed forecasts, raising questions about the pace of AI chip demand.
Double Fine Cuts Staff After Xbox Split
Double Fine has started layoffs after separating from Xbox during Microsoft's studio restructuring.
UK Foreign Secretary Warns AI Represents the Decade’s Largest Security Threat
Britain’s foreign secretary will call for urgent guardrails to contain artificial intelligence risks.
Hyundai Displays Atlas Humanoid at World Cup to Signal Factory Rollout
Hyundai Motor used the 2026 FIFA World Cup to demonstrate its Atlas humanoid, moving the machine closer to factory deployment and volume production.
India Directs Meta to Remove Child Sexual Abuse Content from Instagram
India notified Meta Platforms that it must take down sexual content involving children on Instagram and will summon the company for discussions.
South Korea to Seed Growth Fund With Semiconductor Tax Revenue
South Korea will direct tax receipts from its chip makers into a new investment vehicle aimed at long-term economic expansion.
Micron Breaks Ground on ¥1.5 Trillion Expansion of Its Western Japan Memory Plant
Micron Technology has started construction on a $9.3 billion addition to its existing factory in western Japan to increase output of advanced memory chips.
Teen Plaintiff Who Defeated Meta and Google Prepares to Detail Her Case
Kaley Glenn-Mills won a landmark suit against the two largest social platforms at age 17 and now plans to describe the experience in her own words.
Microsoft and Amazon Create Forward-Deployed Engineer Units for AI Customers
Microsoft and Amazon are forming dedicated teams of engineers who will work directly at customer locations to support AI rollouts.
South Korean Stocks Rise 5 Percent After Two Days of Heavy Losses
Markets in Seoul recovered part of a nearly 10 percent slide as investors questioned how long the global AI rally can last.
China Quant Funds Attract Billions as AI Outperforms Human Traders
Chinese quant funds are drawing record investor capital because their AI systems now deliver higher returns than human traders.
AI Chip Trade Cements Hong Kong as China Gateway
Hong Kong now serves as a primary conduit for advanced AI chips entering and leaving China inside a $2 trillion Asian trade network.
Anthropic Enters Talks With Samsung on Custom AI Chip Foundry Deal
Anthropic is negotiating with Samsung Electronics to manufacture a custom artificial intelligence chip, a step that follows OpenAI’s similar announcement with Broadcom by roughly one week.
Microsoft Forms Dedicated Unit of 6,000 to Drive Enterprise AI Adoption
Microsoft is creating a new internal group to help large customers extract more value from its AI offerings.
Valar Atomics Runs Nvidia Blackwell Chip on Its Ward 250 Reactor
A California startup produced the first electricity from a next-generation nuclear reactor to drive an Nvidia AI chip inside the United States.
Meta Weighs Cloud Business to Recover AI Infrastructure Costs
Meta is studying a cloud computing offering that would rent out excess AI capacity and turn heavy capital spending into a revenue line.
Apple Seeks U.S. Approval to Source Memory Chips From CXMT and YMTC
Apple is negotiating purchases from two Chinese memory makers to ease a global shortage that has already forced price increases on its devices.
OpenAI Enters Talks on 5% US Government Stake
OpenAI has begun preliminary discussions to grant the US government a 5% ownership stake in the company.
Nvidia Offers Token Credits in Exchange for Startup Revenue
Nvidia will grant AI hardware access via token credits to developers who agree to share future sales revenue.
Valar Atomics Runs Nvidia Chip on Power from US Advanced Reactor
Valar Atomics produced the first electricity from a next-generation nuclear reactor in the United States, directing the output to an Nvidia AI chip.
Meta to Launch Cloud Business Selling Access to AI Compute
Meta plans to turn its surplus AI infrastructure into a paid cloud service for external customers seeking compute power and models.
IO Interactive Begins Layoffs After Xbox Ends Funding for Project Fantasy
IO Interactive starts layoffs after Xbox withdraws funding and publishing support for the studio's unannounced fantasy RPG Project Fantasy.
Supreme Court to Hear Apple Appeal Over Epic Contempt Ruling
The United States Supreme Court will review a lower-court contempt finding that required Apple to alter its App Store linking rules in the long-running dispute with Epic Games.
Jon Gray Extends Blackstone AI Push Into Personal Philanthropy
Jon and Mindy Gray are directing new grants toward AI tools for cancer prevention research.
Call Center Stocks Slide as AI Takes Over Customer Service
Shares of two call-center operators dropped after investors concluded that AI tools now handling routine queries make the traditional outsourcing model less viable.
Bank of England Deputy Warns Autonomous AI Agents Could Trigger Market Meltdowns
Sarah Breeden says AI systems acting without human oversight may need stricter rules to prevent sudden financial disruptions.
Hugging Face CEO Says 'Dangerous' Label Serves as Marketing for Frontier AI Labs
Clem Delangue argues that government scrutiny labeling models like Anthropic's Mythos as too risky could benefit frontier AI companies commercially.
Google Cloud to Offer SandboxAQ AI Models for Research Use
Google will distribute SandboxAQ’s specialized models through its cloud platform to widen access for scientific computing tasks.
China Orders AI Curriculum Into Every School Level
Beijing is folding artificial intelligence into primary, secondary, and higher education as part of Xi Jinping’s drive for technological primacy.
South Korea Commits Samsung and SK Hynix to $880 Billion AI Buildout
South Korea has placed its two largest chipmakers at the center of a national plan to spend at least $880 billion on AI infrastructure.
German Companies Deploy AI to Trim Routine Tasks
One northwest German homebuilder cut invoice processing time in half after introducing artificial intelligence, illustrating a narrow but measurable response to the country's labor constraints.
Samsung and SK Hynix Commit to Two New Chip Fabs in $518 Billion Project
South Korea’s leading memory makers will construct additional fabrication plants under a national investment program announced during a presidential briefing.
Anthropic Wins US Approval to Restore Mythos 5 Access
Anthropic secured clearance to reopen parts of its Mythos 5 model after addressing national security objections from the Trump administration.
South Korea Commits to AI Leadership Through Chip and Data Center Spending
South Korea announced new investments by Samsung and SK Hynix in memory chips, data centers, and robotics to hold its position in artificial intelligence.
China and India Top Firms Lose Market-Cap Share as AI Lag Persists
China, India, and Hong Kong stand alone among major markets where the largest companies now command a smaller slice of total capitalization than they did a year earlier.
Samsung and SK Group Plan $1.3 Trillion in Investments Over Ten Years
South Korea’s two largest conglomerates align spending with the new president’s industrial policy, according to a local media report.
Google Limits Meta Access to Gemini Models Over Compute Shortfall
Google has capped Meta’s use of its Gemini AI models after failing to supply the computing capacity the social media company requested.
AI Enthusiasm Lifts Hong Kong Share Sales to Five-Year High
Investor appetite for artificial intelligence lifted equity offerings in Hong Kong to their strongest first-half level in five years.
OpenAI Hires Apple’s Head of Vision Pro and Smart Glasses
Paul Meade’s move continues the flow of senior hardware talent from Apple to OpenAI.
OpenAI Hires Apple’s Head of Vision Pro and Smart Glasses
Paul Meade’s departure adds to the list of senior hardware leaders leaving Apple for AI companies.
US Eases Limits on Anthropic Mythos 5 for Trusted Partners
The Commerce Department has removed key restrictions on Anthropic’s Mythos 5 model, opening it to approved users outside the company.
Apple’s First Touchscreen MacBook Will Use Current M5 Pro and Max Chips
Apple is bypassing higher-bin M6 silicon entirely and will move straight to M7 processors for the next high-end refresh.
OpenAI Mulls 2027 IPO, SoftBank Shares Drop
OpenAI is considering delaying its initial public offering until 2027, a shift that immediately pressured shares of investor SoftBank.
SpaceX Readies Direct Starlink Mobile Plans for US Consumers
SpaceX plans to sell Starlink mobile service directly to US consumers and may build supporting ground infrastructure.
Apple’s First Touchscreen MacBook Will Use Current M5 Pro and Max Chips
Bloomberg reports that Apple plans to launch its initial touch-enabled MacBook models on existing M5 silicon rather than waiting for the next full generation.
U.S. Ban on Anthropic’s Top Models Risks Fueling Chinese Open-Source AI
The White House move to restrict foreign access to Anthropic’s leading models may increase demand for open-source alternatives developed in China.
OpenAI Pitches ChatGPT as an Ad Platform at Cannes
OpenAI presented its chatbot to advertisers as a new marketing channel during the Cannes Lions Festival.
SemiAnalysis Flags Select Asian Suppliers as AI Hardware Winners
Myron Xie, research lead at SemiAnalysis, named the Asian hardware firms best positioned to capture demand in a Bloomberg Tech Asia interview.
Trump Administration Asks OpenAI to Stagger Release of Powerful AI Model
The request follows regulatory pressure that led Anthropic to suspend its most advanced models two weeks earlier.
AI Revenue Tops Depreciation at Meta, Alphabet and Microsoft
AI income reached $25 billion and cleared a basic infrastructure cost line, but the surplus remains narrow enough that pricing and growth must hold steady.
Alibaba Shares Fall to 16-Month Low on Anthropic Accusations
Alibaba Group Holding Ltd. stock in Hong Kong reached a 16-month low after Anthropic accused the company of illicitly accessing its AI model.
Micron Shares Jump After Revenue Forecast Tops Estimates
Micron projected roughly $50 billion in fourth-quarter revenue, well above Wall Street expectations and tied to sustained AI demand.
AI Reduces Cyclical Swings in Memory Demand, Lazard Analyst Says
Lazard portfolio manager Celine Woo argues that AI infrastructure spending is steering memory demand toward more stable patterns through the hardware supply chain.
AI Trade Enters Earnings Test Phase With Micron and SK Hynix Moves
Micron earnings and SK Hynix’s planned US listing will test whether AI infrastructure spending maintains its current pace.
OpenAI Ships First Custom Chip for Its Inference Workloads
OpenAI has introduced Jalapeño, its first custom processor developed with Broadcom to match the demands of its inference systems.
SK Hynix Files for $29.4 Billion US Listing to Scale AI Memory Output
SK Hynix Inc. disclosed plans to raise 45.45 trillion won through an American share sale, with trading slated to open on July 10.
Meta and Microsoft Commit Tens of Billions More to Data Center Leases
Meta and Microsoft each added tens of billions of dollars in new data center lease obligations during their most recent quarters as the industry pours capital into artificial intelligence capacity.
Terawatt Borrows Up to $300 Million to Scale Charging Sites for Waymo
Terawatt Infrastructure Inc. will use new bank debt to acquire and develop electric-vehicle chargers in the United States and overseas.
Dubai Holding Explores Stake in Bain-Backed Data Center Builder Hscale
Dubai Holding is in talks to acquire a position in Hscale as it looks to expand its data center holdings in Europe.
Tencent Tests DeepSeek AI Agent in WeChat Corporate App
Tencent is readying an AI agent built on DeepSeek for its enterprise messaging platform, sharpening competition among Chinese tech firms for control of workplace tools.
Evercore Strategist Keeps Bullish Stance on Tech Stocks
Julian Emanuel of Evercore ISI says earnings and share prices have simply realigned in parts of the Mag 7 group during the current selloff.
Oracle Cut 21,000 Jobs Over 12 Months, With AI Taking Some Roles
Oracle eliminated 21,000 positions in the past year, a larger reduction than earlier reports indicated, as the company attributed part of the cuts to artificial intelligence.
Tencent Begins Testing AI Assistant for WeChat
Tencent has started internal tests of an AI assistant inside WeChat to narrow the lead held by other Chinese firms in artificial intelligence development.
Apple’s Incoming CEO Faces Design Team Overhaul
Bloomberg reports that John Ternus must restore direction to Apple’s design group while steering 2027 product plans for the iPhone and AirPods.
UK Set to Block Social Media Access for Under-16s From 2027
The policy targets product designs that prioritize attention over child welfare, according to policy advocates.
Brazil Investigates Intrusion Into Civil Defense Alert System
Federal authorities examine how hackers gained access to a government mobile notification platform and broadcast messages containing the word “misanthropy” to millions of phones.
US Warns ASML That an Advanced Lithography Machine May Have Reached China
Commerce Secretary Howard Lutnick has told ASML leaders that one of its restricted high-end tools may now sit inside China, testing the company’s compliance with US export rules.
Chipmakers Resume Public Benchmark Fights as CPUs Regain Notice
Nvidia’s AI lead had pushed CPU performance comparisons out of view, but renewed processor attention has restarted the old disputes.
Jio Considers Own Satellite Constellation to Counter Starlink in India
Jio Platforms is evaluating a domestic satellite network as it seeks tighter control of Indian communications infrastructure.
EU Technology Chief Highlights AI Rules and Sovereignty Push
Henna Virkkunen outlined Europe's regulatory stance and efforts to cut dependence on foreign suppliers during a VivaTech interview.
US Officials Alert ASML to Possible Breach of Chip Export Rules
US Commerce Secretary Howard Lutnick has told ASML that one of its most advanced lithography systems may have reached China in violation of export controls.
Indian Software Stocks Fall After Accenture Cuts Growth Outlook
Shares of Indian software companies dropped sharply on Friday, extending a year-long decline triggered by weaker demand signals from major global clients.
US Government Pushes Faster Data Protections as AI Use Grows
Federal efforts to lock down US computing resources are accelerating to address national security concerns tied to expanding AI deployments.
LeCun Joins Steinberger and Habib for AI Deployment Talk in Paris
Three executives discussed practical rollout of artificial intelligence during a Bloomberg-hosted session at VivaTech.
Ukraine Official Details Push for Citizen-Focused AI at Paris Event
Nataliia Denikeieva, Ukraine’s Deputy Minister of Digital Transformation, discussed digital resiliency and artificial intelligence built for citizens during an appearance at the VivaTech x Bloomberg Awards in Paris.
AI Outlays End Big Tech’s Long Run of Share Buybacks
Big Tech firms are redirecting cash from stock buybacks to AI infrastructure, removing a long-standing support for their share prices.
NextEra Becomes Largest Issuer of Hybrid Bonds as AI Power Demand Rises
NextEra Energy has taken the top spot among global issuers of hybrid bonds, driven by heavy utility spending on infrastructure for AI data centers.
Intel Shares Surge After Trump Cites Apple Domestic Chip Deal
US stock futures rose as Intel shares jumped after President Trump said the chipmaker struck a domestic production deal with Apple.
Midjourney Shifts From AI Images to Ultrasound Hardware
The image-generation startup unveiled its first physical product, an ultrasound machine, at a San Francisco event.
Prominent Google Researcher Leaves for OpenAI
Alphabet loses a senior AI researcher to its chief rival in the race for advanced models.
Europe Pushes Industrial AI Onto Factory Floors
European manufacturers are moving artificial intelligence onto production lines to cut costs and hold their position against global rivals.
Microsoft Builds Substantial China Revenue Selling OpenAI Models
Microsoft has grown a large business supplying OpenAI models to Chinese firms while US-China competition over artificial intelligence intensifies.
Uber Pairs Lucid and Nuro Vehicles for Driverless Rides in Houston
Uber will launch robotaxi service in Houston using vehicles from Lucid and Nuro, directly taking on Waymo in the country’s fourth-largest city.
China Plans Formal Assessment of AI Effects on Employment
Beijing intends to build a dedicated mechanism that tracks how artificial intelligence changes the job market, reflecting official concern over effects on workers’ livelihoods.
Apple Investors Signal Growing Frustration With AI Delays
Shareholders want Apple to replace repeated AI announcements with shipped products and measurable gains.
Snap Ships $2,195 Specs AR Glasses and Calls Them the Next Computer
Snap positions its new see-through glasses as a wearable computer with AI context awareness, prescription lenses, and a claimed 115-inch virtual display.
Anthropic Models Trigger White House Policy Reversal
Anthropic is seeking to address national security concerns after its Mythos and Fable models prompted an unexpected shift in White House rules.
Italy Probes Apple Over Alleged iCloud Favoritism
Italy’s competition regulator has opened an antitrust investigation into Apple’s alleged preferencing of iCloud over rival cloud services.
Goldman Traders See Market Rally Broadening Past AI Leaders
Easing tensions in the Middle East are prompting investors to consider stocks outside the artificial intelligence names that have led gains for most of the year.
Dan Ives Flags Anthropic’s Regulatory Standoff and OpenAI Losses
Wedbush analyst sees friction with the Trump administration, faster AI deal flow, and heavy losses at OpenAI ahead of its planned IPO.
US Curbs on Anthropic Prompt South Korea’s Push for Sovereign AI
Upstage CEO says American limits on advanced models make independent national AI systems essential.
Salesforce Acquires Fin for $3.6 Billion to Strengthen Agentforce
Salesforce is buying an AI customer service firm to expand its enterprise automation tools.
Apple's Siri Must Match Rivals or Lose Users to Other AI Tools
Bloomberg reports that consumers now have many AI options, so Siri needs to keep pace with competing chatbots.
Fox to Acquire Roku for $22 Billion Enterprise Value
Fox Corp. will acquire Roku Inc. for $160 a share in a cash-and-stock deal valuing the company at roughly $22 billion.
SpaceX IPO Puts Fresh Capital Pressure on Rivals
Rocket Lab CEO Peter Beck called the record SpaceX listing a net positive for the wider space sector’s ability to raise money.
Apple's New Siri Reaches Usable Level After Two-Year Delay
Bloomberg hands-on report finds the updated assistant now meets basic practicality thresholds and may anchor a broader AI reset.
US Bars Foreign Access to Anthropic’s Leading AI Models
The Trump administration’s restriction on foreign use of Anthropic’s top models marks a sharp reversal in export policy toward advanced AI.
Fire Hits Google Cloud India Network, Slow Speeds Persist a Week On
A fire damaged Google Cloud India's network infrastructure, with slowdowns still reported a week later.
Carney Warns US Anthropic Ban Reveals Perils of Concentrated AI Access
Prime Minister Mark Carney said the American export restrictions on Anthropic's newest models show the hazard of depending on a narrow set of frontier AI systems.
UK to Unveil Social Media Ban for Under-16s This Week
The government will introduce restrictions on platforms including TikTok and AI chatbots, though Culture Secretary Lisa Nandy says the step alone will not solve child safety issues.
AI Cuts London Finance Analyst Roles to a Quarter of Prior Levels
London postings for finance analysts fell from more than 350 to roughly 80 over four years, according to recruitment data.
State Attorneys General Launch Probe Into OpenAI Practices
A coalition of state attorneys general has requested documents from OpenAI covering advertising policies and health data handling.
Anthropic Files Confidentially for IPO at $965 Billion Valuation
Anthropic, one of the fastest-growing AI startups, moves toward a public listing while global investors continue to pour capital into the sector.
OpenAI Under Investigation by State Attorneys General Coalition
A coalition of state attorneys general has opened a probe into OpenAI and requested documents covering a broad set of the company's activities.
SpaceX Shares Rise on First Trading Day After $75 Billion IPO
Bloomberg’s market-close program covered the debut of the largest initial public offering on record.
Mega-IPOs Test Thin Supply as Google Rewrites Search
Capital markets face larger investor demand than available shares while Google folds AI into its core product for the first time in twenty years.
Europe Faces Irrelevance in AI Race Without Major New Push, Report Says
A report from AI researchers urges the continent to launch its most ambitious effort yet to stay in the technology competition.
SpaceX Receives $165 Price Target From New Street Research Analyst
Pierre Ferragu cites growth expectations, capital spending plans, and a Musk premium in his valuation of the company after its record-breaking IPO.
Infineon to Open €5 Billion German Fab With EU Backing
Infineon will open a €5 billion German chip factory built with EU subsidies to expand European semiconductor output.
SpaceX Prices IPO Shares for Record Debut
Bloomberg’s market-close program flagged the SpaceX IPO pricing as the largest first-day valuation on record, yet supplied no further numbers or terms.
BrandSafway Margins Contract on Data-Center Construction Spending
Brand Industrial Services reported sharply lower first-quarter earnings after costs rose during its shift into data-center work.
MediaTek Shares Climb on AI Chip Bets
MediaTek shares near a record quarter as investors bet its AI chip push can offset weakness in legacy mobile and consumer products.
Ex-xAI Engineer Files Suit Alleging Dismissal Over Grok Safety Questions
A former engineer at Elon Musk’s xAI claims he was fired after raising internal concerns about the safety of the company’s Grok chatbot.
Amazon Reports 2.5 Billion Gallons of Water Use at Its Data Centers
Amazon disclosed its global data center water consumption for 2025, a figure released shortly after Seattle imposed a one-year moratorium on new facilities.
Software Stocks Reverse Recent Gains as AI Concerns Persist
Traders expect further selling after a short-lived rally fades amid lingering fears of artificial intelligence disruption.
ZincFive Agrees to SPAC Merger With SparkLabs Backed Vehicle at $600 Million Valuation
ZincFive will list through a blank-check merger to fund its nickel-zinc batteries for data-center backup power.
S&P 500 Futures Advance 0.7 Percent After US Strikes on Iran End
S&P 500 Index futures rose 0.7 percent in early trading following the conclusion of recent US military action against Iran.
Alibaba Replaces Dingtalk Head After Internal Clash Over AI Role
Alibaba Group has installed a new leader at its Dingtalk productivity app following an internal debate on the service’s priority within the company’s AI plans.
Xbox Division Set for Major Layoffs Next Month
Microsoft plans major Xbox layoffs next month after revenue fell nearly half a billion dollars over five years.
Orlando Bravo Calls SaaSpocalyse Over as Private Equity Activity Stalls
Thoma Bravo's co-founder says smaller software companies now compete for attention against a handful of large IPOs.
TSMC Monthly Sales Rise 30 Percent on Sustained AI Demand
Taiwan Semiconductor Manufacturing Co. posted another month of strong revenue growth tied directly to AI infrastructure spending.
Meta Leases First India AI Data Center From Reliance
Meta has signed a lease for a 168-megawatt AI data center with Reliance Industries, its first such facility in the country.
Meta Leases First AI Data Center in India From Reliance
Meta Platforms entered an agreement with Reliance Industries to lease an AI-enabled data center in India, its first such facility in the country.
OpenAI Files Confidential S-1 for IPO
OpenAI submitted a confidential Form S-1 to the SEC one week after rival Anthropic took the same step toward a public listing.
Apple Unveils iPadOS 27 With Updated Siri as Part of New AI Platform
Apple introduced iPadOS 27 and a next-generation AI platform at WWDC, centering changes on Siri and productivity tools.
OpenAI Files Confidentially for IPO
OpenAI submitted a confidential Form S-1 to the SEC one week after rival Anthropic took the same step.
Bending Spoons Files for US IPO
Bending Spoons, the owner of Vimeo and Eventbrite, has filed to list on a US exchange after reporting higher sales.
Uber Opens Waitlist for Wayve Robotaxis in London
Uber is collecting names for early rides in Wayve’s driverless cars as it prepares a commercial launch in the UK later this year.
Apple's Revamped AI Positions as Long-Term Bet in Sluggish Device Markets
Bloomberg reports that a revived Siri is unlikely to drive near-term iPhone or Mac sales.
Apple Investors Await AI Overhaul at WWDC to Extend Gains
Shareholders expect Apple to deliver a substantial artificial intelligence push at next week’s Worldwide Developers Conference after nearly two years of pressure.
Nvidia CEO Calls Recent Tech Stock Selloff a Buying Opportunity
Nvidia CEO Jensen Huang described the recent tech stock selloff as a buying opportunity because AI infrastructure spending has only started.
Apple's Secret Meeting Forced Reckoning With AI Lag
A confidential gathering inside Apple exposed the company's shortcomings in artificial intelligence and triggered internal conflict over a Siri overhaul.
Nvidia CEO Calls Recent Tech Selloff a Buying Opportunity
Nvidia chief executive Jensen Huang said the global decline in technology stocks that began last week represents a chance to buy because the artificial intelligence buildout has only started.
Korean Stocks Slide as Investors Retreat From AI
South Korean shares fell as traders stepped away from artificial intelligence holdings while Nvidia chief Jensen Huang met executives from SK Group, LG Group and Naver in Seoul.
Naver Commits to Nvidia-Based Data Centers to Hold Its Edge in Korea
Naver Corp. will build new facilities using Nvidia AI models to reinforce its position as South Korea’s leading AI provider.
Nvidia and SK Hynix Sign Multi-Year Deal on Next-Generation AI Memory
Nvidia and SK Hynix will jointly design future memory chips aimed at artificial-intelligence workloads.
UK to Buy AI Chips From Domestic Firms
The government will purchase artificial intelligence chips from British companies to discourage them from moving operations overseas.
Google to Pay SpaceX $920 Million Monthly for xAI Compute Capacity
Google will pay SpaceX $920 million per month for compute capacity at xAI data centers to handle demand for its new AI products.
African Startup Funding Held Up in 2025 Despite Tighter Conditions
Bloomberg spoke with Alitheia Capital’s Tokunboh Ishmael about investor sentiment on the ground.
Elon Musk to Virtually Join ASML Closed-Door Event on Terafab
Elon Musk will attend a private ASML technology conference to discuss the Terafab project.
Reid Hoffman to Leave Microsoft Board for AI Startup Manus
LinkedIn co-founder Reid Hoffman will step down from Microsoft’s board later this year to focus on his AI drug discovery company.
Haun Ventures CEO Outlines AI Agent Investment Approach
Katie Haun described her firm's focus on AI agents during a June 2026 appearance at Bloomberg Tech in San Francisco.
Meta’s Wang: AI Agents Will Redefine How People Relate to Technology
Trust must be built before users will rely on AI agents, the Meta executive said.
Investors Question Duration of AI Market Rally
Bloomberg MLIV's London event frames the core debate among investors as when, not whether, the current AI investment cycle will conclude.
Apple Sets June 8 Start for WWDC 2026 With iOS 27 and Siri in Focus
Apple will open its developer conference next week and release the first betas of iOS 27 and five other next-generation operating systems immediately after the keynote.
Nvidia Certifies Top Memory Makers for Vera Rubin HBM4
Nvidia has approved the three largest memory chipmakers to supply HBM4 for its next AI accelerators.
S&P Dow Jones Keeps Strict Rules, Blocking Quick Entry for SpaceX and Other Mega IPOs
S&P Dow Jones Indices rejected proposals that would have sped up inclusion of large post-IPO companies in its main benchmarks.
Consumer Tech Executives Outline AI Plans at Bloomberg Panel
Three hardware CEOs described how their companies plan to fold AI into existing devices during a discussion moderated by Bloomberg’s Mark Gurman.
Anthropic Files Confidential IPO Papers, Weighs Public Listing Tradeoffs
Anthropic president Daniela Amodei confirmed the AI company has submitted confidential IPO documents but offered no timeline or further details on a potential public debut.
Microsoft AI Chief Calls Anthropic Models Too Expensive
Microsoft’s AI leadership has concluded that Anthropic’s offerings cost too much and is directing resources toward cheaper models built inside the company.
Netflix Product Chief Addresses AI Scaling at Industry Event
Elizabeth Stone, Netflix's chief product and technology officer, spoke on technology leadership and platform scaling in the AI era at Bloomberg Tech 2026.
Broadcom Outlook Miss Sends Emerging-Market Stocks Lower
Broadcom’s weaker-than-expected guidance has triggered the steepest one-day slide in emerging-market equities in nearly three weeks.
Cerebras Says It Is Working With Every AI Gear Maker Except Nvidia
Cerebras Systems plans to broaden its supplier relationships in AI data centers while continuing to avoid Nvidia.
Broadcom AI Chip Forecast Misses Wall Street Target
Broadcom projected $56 billion in AI chip revenue for the fiscal year ending October, below the $57.6 billion average analyst estimate, and shares fell in after-hours trading.
Apple Requires Age Checks for New Texas App Store Accounts
Apple now requires age verification and parental consent for new App Store accounts in Texas under a state law effective June 4.
AI Debate Dominates Global Publishers Meeting
Publishers at a recent gathering focused on whether artificial intelligence will preserve or undermine the news industry.
Uber Limits Employee Use of AI Tools After Budget Overrun
Uber Technologies Inc. has imposed usage caps on AI tools such as Claude Code to rein in spending after the company exceeded its AI budget earlier this year.
Anthropic Files Confidential IPO Papers Ahead of OpenAI
Anthropic’s move gives it an early path to public markets that could translate into faster access to chips and data centers than its main rival.
Nvidia Returns to Consumer PCs With New Superchip
Nvidia is shipping PC processors for the first time in years, aiming directly at the laptop market with its RTX Spark superchip.
Anthropic Files for IPO Days After $965 Billion Valuation
Anthropic filed to go public days after a $965 billion valuation, shifting from underdog to enterprise AI player.
Luma AI Opens Research Lab for Robot Training
Luma AI is giving outsiders access to its tools for training physical robots, following Nvidia's call to focus AI efforts on the real world.
Bain Survey Finds AI Spending Delivering Weak Returns
Bain survey finds AI deployments cut costs far less than firms expected, turning the spending into a circular bet.
Nvidia CEO Jensen Huang Labels AI Job Displacement Fears "Complete Nonsense"
Nvidia's Jensen Huang claims agentic AI tools are spurring companies to hire additional software engineers rather than reduce headcount.
TSMC Local Investors Push Taipei Shares Higher, Shrinking US Premium
Taiwanese buyers are driving TSMC’s US-listed shares to their smallest premium over the Taipei listing in two years.
Indian Exam Board Contains Grading Portal Flaws After Teen Report
A national Indian school exam board has contained vulnerabilities in its online grading system first identified by a teenage researcher.
Chipmakers’ Stock Gains Sharpen Debate Over AI Investment Bubble
Major chip stocks continue to lead the market, but their rapid rise is prompting renewed scrutiny of whether artificial-intelligence spending has reached unsustainable levels.
Asian AI Supply Chain Draws Fresh Capital on US Windfalls
SpaceX and OpenAI gains are steering investor money toward the hardware and component makers that support AI growth across Asia.
Moniepoint Hits Unicorn Valuation on Payments Infrastructure for Nigerian Businesses
Bloomberg spoke with co-founder and CTO Felix Ike about the company's path from a 2015 founding to one of Africa's most valuable tech firms.
SoftBank Targets France for €75 Billion AI Data Center Expansion
SoftBank Group Corp. intends to spend as much as €75 billion building 5 gigawatts of artificial intelligence data center capacity in France.
Anthropic Reduces Unauthorized Trading Platforms List by Half
Anthropic halved the number of platforms it flagged for unauthorized trading of its shares after the original notice caused investor concern and prompted a rebuttal from one named firm.
SpaceX Wins $4.16 Billion Contract for Golden Dome Tracking Satellites
The Pentagon awarded SpaceX the contract to equip satellites with sensors that detect and track missiles from orbit as part of the planned defense system.
Indian Court Ruling Gives Founders Fresh Ammunition Against Google Ads
Founders are using an Indian court ruling to renew pressure on Google’s handling of trademarked keywords in its ad auctions.
MiniMax Begins Work on Domestic China IPO
MiniMax Group Inc. has started preparations for a local initial public offering while it competes with other Chinese AI startups including DeepSeek.
SpaceX Lands $4.16 Billion Deal to Build Golden Dome Tracking Satellites
SpaceX will supply the sensor satellites that form the space-based layer of the Pentagon’s planned missile defense network.
Samsung AI Bonuses Prompt Debate Over Tech Wealth Distribution in South Korea
Large payouts tied to AI performance at Samsung have raised fresh questions about how gains from the sector should be shared.
Apple Marks Fifth Graduating Class at Detroit Developer Academy
Apple highlighted local app makers and marked the fifth graduating class of its Detroit Developer Academy.
SpaceX Lands $4.16 Billion Contract to Build Missile-Tracking Satellites for Golden Dome
The Pentagon awarded SpaceX the contract to supply sensor satellites that will detect and track missiles from orbit as part of the planned Golden Dome defense system.
SpaceX Lowers IPO Valuation Target to $1.8 Trillion
SpaceX has reduced its IPO valuation target to at least $1.8 trillion, down from an earlier goal above $2 trillion.
Anthropic Tops OpenAI With $965 Billion Valuation After $65 Billion Round
Anthropic raised $65 billion at a $965 billion valuation, moving ahead of OpenAI for the first time.
SpaceX Lowers Its IPO Valuation Target
SpaceX has trimmed the valuation target for its planned IPO, according to Bloomberg reporting on the company’s latest plans.
AI Chatbots Prompt Companies to Trim Internship Programs
Companies are cutting summer internships as tools like Claude take on tasks once assigned to students.
Corporate AI Vocabulary Moves From Generative to Agentic
Bloomberg reports that company language describing artificial intelligence has shifted emphasis from generative systems to agents.
Markets Rise on AI Hopes Even as Job Disruption Concerns Mount
Equity benchmarks in Asia and the US reached new highs this week, pushed by continued optimism in the AI sector despite mounting worries over labor market effects.
Samsung Electronics and LG Uplus Sign MOU to Research ISAC for 6G
Samsung Electronics and LG Uplus signed an MOU to jointly research ISAC technology for 6G, with Samsung Research leading the effort.
Anthropic to Release AI Models Matching Restricted Mythos Capabilities
Anthropic will distribute new models with cybersecurity performance the company previously withheld from public access.
Meta Eyes Paid AI Access as Rivals Move on Its Ad Revenue
Meta plans to charge users for its chatbot while OpenAI and xAI target the advertising business that still funds nearly all of the company's operations.
Dan Ives Calls Snowflake's Latest Quarter Seminal for Software
Wedbush analyst highlights strong results at Snowflake while noting mounting pressure on Salesforce to improve monetization.
Record Data Center Spending Supports Australia's Strained Economy
Australia records peak investment in data centers that cushions an economy hit by energy shortages and higher interest rates.
Memory Chip Frenzy Pushes SK Hynix and Micron Into the $1 Trillion Club
Investors expect the current memory chip surge to continue despite repeated historical warnings that such cycles must end.
Salesforce AI Shift Slower Than Expected, Analyst Gil Luria Says
Analyst Gil Luria of D.A. Davidson states that Salesforce is taking longer than anticipated to move toward AI after reviewing recent earnings.
Cognition Raises $1 Billion at $26 Billion Valuation
Cognition AI Inc. closed a funding round that values the company at $26 billion and signals sustained investor interest in AI tools for software engineering.
Taiwan Detains Three Over Suspected Nvidia AI Chip Smuggling to China
Taiwan prosecutors have detained three people accused of falsifying export documents to move Nvidia AI chips from Japan into China in violation of US license rules.
OKX Ties Staff Evaluations to AI Fluency
Crypto exchange OKX now tracks employee AI skills in performance reviews, matching steps already taken at KPMG and other firms.
TSMC Lifts Staff Profit Shares More Than 30 Percent
Taiwan Semiconductor Manufacturing Co. chief C.C. Wei told employees their average profit-sharing payouts will rise more than 30 percent this year.
Taiwan Suspects Smuggling of Nvidia AI Chips to China via Japan
Taiwan prosecutors are examining whether three people moved at least one shipment of Nvidia chips through Japan before the parts reached China.
India Tests Financial Software for Exposure to Anthropic Mythos Model
Indian officials have started scanning sensitive public financial and government applications to measure their vulnerability to Anthropic’s Mythos AI system.
American Airlines Turns to Starlink for Inflight Wi-Fi on 500-Plus Jets
American Airlines will install SpaceX Starlink terminals on more than 500 narrowbody aircraft beginning in early 2027.
Nokia’s 140% Rally Forces Investors to Reprice the Company as AI Infrastructure
Nokia Oyj shares have climbed 140 percent, pushing analysts to treat the former telecom supplier as a participant in the artificial-intelligence build-out rather than a legacy equipment vendor.
Insilico Medicine Adds US Partner for AI Longevity Model
Hong Kong drug discovery firm Insilico Medicine is expanding its artificial intelligence work on human longevity through a new US collaboration.
Quantinuum Files for $1.05 Billion IPO
Honeywell-backed Quantinuum seeks to go public at a time of heightened investor interest in quantum computing.
SpaceX Warns GPU Shortages Could Ground Its Orbital AI Plans
SpaceX’s IPO filing states that current AI chip supply may fall short of what its long-term plans for compute in orbit would require.
Japanese Cable Firm Selloff Casts Doubt on AI Infrastructure Rally
A $40 billion selloff in a 141-year-old Japanese cable firm has exposed fragility in the AI-driven stock rally.
Huawei Claims New Route to Advanced Chips Without Leading Equipment
Huawei says a novel manufacturing approach could close the gap with TSMC on high-end semiconductors.
Infratil CEO Flags Untapped Data Center Openings in Australia and New Zealand
Infratil Ltd. sees the AI infrastructure surge as the main growth driver and identifies room for new facilities in the ANZ region.
Japan Cablemaker Selloff Casts Doubt on AI Infrastructure Rally
A $40 billion drop in shares of a 141-year-old Japanese cable company has exposed the shaky foundations of the recent AI-driven stock surge.
Ex-Bankers Charge Wall Street Firms $25,000 a Day for AI Workflow Fixes
Global banks continue to spend heavily on artificial intelligence while turning to outside specialists to close the gap between investment and usable automation.
Pope Leo XIV Urges That AI Be “Disarmed”
Pope Leo XIV adds his voice to calls for limits on artificial intelligence, warning that the technology must be prevented from dominating humanity.
Zepto to File Publicly in June for Up to $1 Billion India IPO
Rapid-commerce firm Zepto Ltd. will submit documents in the first half of June for an initial public offering that may raise as much as $1 billion.
Huawei Claims Chipmaking Route to Narrow Gap With TSMC
Huawei Technologies says a new production method could let it build advanced semiconductors without the latest equipment and reduce its distance behind Taiwan Semiconductor Manufacturing Co.
Sakura Internet May Raise Capital Spending Nearly Sevenfold for AI Demand
Sakura Internet Inc. is weighing a sharp increase in planned capital outlays to handle growing artificial intelligence workloads in Japan.
AI Momentum Stocks Post Best Decade-Long Run
AI-driven gains have pushed the strongest streak for global momentum stocks in records, even as growth concerns tied to the Iran war persist.
ECB Urges Banks to Address AI-Exposed IT Weaknesses
The European Central Bank convened lenders to confront cybersecurity gaps revealed by current AI models and intends to demand faster remediation.
Simon Rogers Spotlights Google Query Data in New Book
Google’s data editor appeared on Bloomberg This Weekend to present “What We Ask Google: A Surprisingly Hopeful History of Humankind.”
Nvidia CEO Urges Super Micro to Improve Compliance After Taiwan Detentions
Jensen Huang told the server maker to address compliance shortfalls tied to alleged false declarations on AI equipment.
US Considers Tariffs on Imported Semiconductors
The Trump administration is evaluating duties on foreign chips to support domestic manufacturing, though no new levies are planned yet.
Amazon CEO Jassy Calls Breadth a Core Advantage
Few companies match Amazon’s reach across consumers and businesses, a point Andy Jassy returns to when describing the firm’s position in AI, cloud, and retail.
Lenovo Shares Approach Record Highs as AI Sales Offset Component Costs
Lenovo Group reported AI-driven earnings growth that more than compensated for higher component prices, sending its stock toward an all-time closing high.
DeepSeek Tells Investors AGI Comes Before Revenue
DeepSeek is directing its $10 billion funding round toward long-horizon research rather than near-term product sales.
SpaceX IPO Enters Wall Street Conversation Alongside AI Infrastructure Push
Bloomberg’s closing-bell program gathered investors and AI researchers to weigh a potential public offering for SpaceX against the capital demands of large-scale model training.
TSMC Loses Ground as AI Investors Hunt Fresh Names
Taiwan Semiconductor Manufacturing Co. is losing some of its pull with AI-focused investors after years as the clearest Asian proxy for Nvidia’s growth.
Nvidia Positions Its Chips as the Foundation for AI Startups
Nvidia is no longer selling primarily to the largest cloud providers; it now supplies the core compute for a wave of startups building agents, humanoid robots, and robotaxis.
SpaceX Files for Nasdaq IPO With $28.5 Trillion Pitch
SpaceX has submitted paperwork for a Nasdaq listing that frames its valuation around a $28.5 trillion market spanning AI infrastructure and Mars missions.
Pentagon Tests Competing AI Models to Replace Claude
The Defense Department is pitting rival artificial intelligence systems against Anthropic’s Claude with a small set of its heaviest users.
Nvidia CEO Urges Investors to Look Past Current AI Cycle
Jensen Huang says a fresh wave of demand for AI systems is already forming and will require sustained investment in new infrastructure.
JPMorgan to Add AI Specialists While Trimming Banker Headcount
Jamie Dimon states the bank will shift hiring toward artificial intelligence roles as the technology sees faster uptake.
Asian Chip Windfalls Now Underpin Global Hyperscale AI Spending
Profits from Asian semiconductor makers are flowing back into data-center buildouts worldwide, reproducing the closed-loop capital cycle that has defined the AI sector so far.
Nvidia Signals Shift to New Customers Beyond Cloud Giants
Nvidia beat expectations in its latest quarter and said growth will increasingly come from businesses and governments outside the hyperscale data centers that have fueled recent gains.
Nvidia Forecasts $91 Billion in Sales but Draws Lukewarm Investor Response
Nvidia projected roughly $91 billion in revenue for the quarter ending in July, yet the figure failed to lift the stock.
Wall Street Files Compute ETFs Before Any Futures Market Exists
Wall Street is filing exchange-traded funds that would track computing-power futures contracts that have not yet begun to trade.
Musk Files Appeal After Losing OpenAI Lawsuit
Elon Musk will ask the Ninth Circuit to review a jury verdict that dismissed his claims against OpenAI and Sam Altman on procedural grounds.
Chatbots Deliver Inaccurate Answers on Elections and News
A startup survey shows that leading models return unreliable results when users ask about current events and political topics.
Meta Commits $200 Billion to an AI Data Center in Rural Louisiana
Investors are waiting to see whether the scale of the project will deliver returns that match its cost.
AI Moves From Predictions to Real Execution at JPMorgan
Kevin Brunner, the bank’s global chair of investment banking and mergers and acquisitions, says artificial intelligence now produces measurable business effects rather than remaining a topic of future forecasts.
AustralianSuper Sees Agentic AI Reshaping Pension Services
Australia’s largest fund expects autonomous AI systems to alter how it interacts with members, drawing parallels to retail upheaval.
BNP Paribas Analyst Calls Physical AI the Endgame for Humanoid Robots
Joy Zhang says embodied intelligence will move humanoid machines from labs into routine use and separate clear investment winners from the rest.
Google and Blackstone Launch AI Cloud Venture With Blackstone in Control
Alphabet’s Google will form a new AI cloud company with Blackstone, which is putting up $5 billion for majority ownership and plans to use Google’s custom chips.
Jury Rejects Musk Claims Against OpenAI as Too Late
A California jury found that Elon Musk waited too long to sue Sam Altman and OpenAI over the company’s shift to for-profit status.
SpaceX Signals IPO Plans at More Than $2 Trillion Valuation
Elon Musk states the company must advance its public offering soon and targets a raise of up to $75 billion.
Elon Musk Loses Lawsuit Seeking OpenAI Overhaul
A California jury found that Musk filed his claims against the company too late, ending his effort to reverse its shift to a for-profit structure.
Apple Readies Standalone Siri App With Auto-Deleting Chat Options in iOS 27
Apple will give users explicit controls over how long Siri conversations stay stored, choosing among 30 days, one year, or indefinite retention.
CXMT Sales Rise Eightfold as IPO Plans Advance
ChangXin Memory Technologies reported a sharp increase in first-quarter revenue and profit, strengthening its balance sheet ahead of a planned listing later this year.
Apple Readies Privacy-First Siri Update With Auto-Deleting Chats
Apple is building auto-deletion into a new conversational version of Siri to address long-standing data concerns.
Apple Readies Chat-Style Siri With Auto-Erasing Conversations
Reports indicate the next Siri will mimic conversational AI tools while clearing chat logs by default, underscoring privacy as a core design choice for the upcoming iOS release.
ASML Signs Deal With Tata Electronics to Support India Chip Ambitions
ASML Holding NV and Tata Electronics Private Limited have agreed to work together on building semiconductor manufacturing capacity inside India.
Musk Rules Out Selling SpaceX Shares Before Expected IPO Filing
Elon Musk said he will not sell any of his SpaceX holdings while the company readies paperwork for a public listing.
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of IPO
SpaceX notified investors that a 5-for-1 split will lower the per-share price offered when the company goes public.
China Data Centers Enter Spot Power Trading as Virtual Plants
Large-scale facilities have joined real-time electricity markets for the first time, treating their computing loads as flexible resources that can respond to grid signals.
Brockman Locks In Permanent Role Over OpenAI Products
OpenAI has made Greg Brockman’s product leadership permanent as it consolidates ChatGPT and Codex under a single strategy.
Arm Holdings Faces FTC Antitrust Investigation Over Chip Licensing
Arm Holdings Plc is now under formal scrutiny by the US Federal Trade Commission for its semiconductor licensing practices, extending a pattern of global regulatory attention on the company.
Cerebras Systems Claims Year's Top IPO Spot as Shares Surge 68%
Cerebras Systems' shares surged 68% on Nasdaq debut, securing the year's largest IPO and a $67 billion valuation while making its CEO worth $3.2 billion.
Stratechery's 2026.20 Update Spotlights Tech Shifts and Global Tensions
Stratechery's 2026.20 update curates key insights on a new kind of computing, Elon Musk's influence, and comprehensive US-China relations, aiding tech pros in navigating shifting alliances.
Trump Reveals Talks on AI Limits and Nvidia Tech with China's Xi
US President Trump disclosed discussions with China's Xi on AI safety measures and Nvidia's H200 chips during a Beijing summit, spotlighting tech tensions between the superpowers.
Asian Robot Stocks Surge on Physical AI Momentum
Robotics firms are leading Asia's top stock performers as the AI boom shifts from chipmakers to physical applications, signaling a new investment frontier.
OpenAI Weighs Lawsuit Against Apple Over Underwhelming Siri Deal
OpenAI is gearing up for possible legal action against Apple, citing unmet expectations in their ChatGPT-Siri partnership from 2024.
Spotify Integrates Apple's Video Podcast Tech to Simplify Creator Distribution
Spotify adopts Apple's HLS tech to let creators distribute video podcasts to Apple Podcasts without workflow changes, easing cross-platform hurdles.
OpenAI Weighs Lawsuit Against Apple Over Underwhelming ChatGPT Siri Deal
OpenAI is considering legal action against Apple due to a strained partnership over ChatGPT's integration with Siri, citing insufficient promotion and limited feature depth.
OpenAI Weighs Lawsuit Against Apple Over Shallow ChatGPT Integration in Siri
OpenAI is eyeing legal action against Apple for not deeply integrating or promoting ChatGPT in Siri, straining their 2024 partnership and raising questions about AI collaborations.
US Approves Sales of NVIDIA H200 AI Chips to 10 Chinese Companies During Trump's China Trip
The US has approved 10 Chinese companies to purchase NVIDIA's H200 AI chip amid President Trump's visit to China, potentially easing export restrictions on advanced tech.
Emerging-Market Stocks Advance on AI Momentum from Alibaba and TSMC
Emerging-market stocks climbed for a third day as Alibaba and TSMC joined South Korean tech firms in an AI-driven rally, fueled by hopes of better US-China trade ties boosting hardware and service demand.
Amazon's AI Momentum Pushes Stock Toward $3 Trillion Mark
Investor optimism about Amazon's AI position drives its stock higher, pushing market cap toward $3 trillion and highlighting the sector's influence on tech giants.
AI Bond Surge Strains Wall Street, Sends Alphabet Scrambling Abroad
Alphabet completes a $17 billion bond sale and quickly plans more debt, as AI investment demands overwhelm US markets and push the company overseas.
Blackstone REIT Pulls in $1.75 Billion IPO for Data Center Acquisitions
Blackstone Digital Infrastructure Trust raised $1.75 billion in an IPO to acquire data centers, reflecting strong investor interest in AI infrastructure.
Anduril Lands $5 Billion Funding Round at $61 Billion Valuation
Anduril secures a $5 billion funding round at a $61 billion valuation, led by Thrive Capital and Andreessen Horowitz, to expand manufacturing, R&D, and infrastructure in defense tech.
Microsoft Tops $100 Billion in OpenAI Investments
Microsoft has invested over $100 billion in its OpenAI partnership, underscoring its key role in the AI company's growth and reshaping the tech industry's AI landscape.
Samsung and SK Hynix Trade at a Discount Despite AI Momentum
Samsung and SK Hynix, South Korea's top semiconductor firms, continue to trade at a discount compared to global tech peers despite their key roles in the AI supply chain.
Nebius Group Posts 684% Q1 Sales Increase Driven by AI Data Centers
Nebius Group NV reported a 684% jump in first-quarter sales, driven by surging demand for its AI-optimized data centers amid the broader cloud computing boom.
Poland Presses Ahead with Digital Services Tax Despite US Retaliation Threats
Poland's finance minister vows to advance a digital services tax on online platforms, defying threats of US retaliation from the Trump administration.
Google Eyes Orbital Data Centers with SpaceX Help
Google is in early talks with SpaceX to launch test orbital data centers, aiming to harness space for AI compute amid rising ground-based constraints.
Google and SpaceX Eye Orbital Data Centers
Google is discussing with SpaceX the launch of orbital data centers to handle AI compute demands, though high costs keep it in the realm of future possibilities.
Intel's $440 Billion Six-Week Stock Rally Draws Short Sellers Despite Risks
Intel's shares surged $440 billion in market value over six weeks, threatening losses for short sellers who continue betting on a decline.
JPMorgan's Head of Credit Trading: The Software Sector's AI Shock Has Passed
JPMorgan's Sanjay Jhamna declares the software sector's AI shock over, citing no negative market reaction to recent model releases amid strong private credit inflows.
eBay Rejects GameStop's $56 Billion Takeover Bid
eBay rejects GameStop's $56 billion unsolicited takeover bid, calling it neither credible nor attractive, which may lead to a hostile acquisition attempt.
Discord Bundles a Limited Xbox Game Pass into Nitro Subscription
Discord's Nitro subscription now bundles access to over 50 Xbox Game Pass titles and cloud gaming, though in a limited form, via a new Microsoft partnership.
Discord Adds Xbox Game Pass to Nitro Perks
Discord's Nitro subscription now bundles a version of Xbox Game Pass, offering cloud access to over 50 titles and hardware discounts to its users.
Microsoft’s Kenyan Data Center Project Grinds to a Halt
Microsoft's planned data center in Kenya with UAE partner G42 has stalled due to a political impasse with the Kenyan government, casting doubt on the project's future.
Retail Traders Rush Into Chip Stock Frenzy as Momentum Fades
Retail traders are diving into the chip stock rally just as concerns grow that the sector's momentum is waning, risking sharp losses for late entrants.
Netflix's Games Are Turning Binge-Watching into Family Playtime
Netflix's integration of games like Boggle on TV is creating easy, family-friendly play sessions that blend seamlessly with streaming, potentially boosting user retention.
Banks Push Last-Minute Changes to Stablecoin Rules as Senate Panel Advances Digital Asset Bill
Banking groups propose last-minute tweaks to stablecoin yield rules as a Senate panel reviews a major digital asset bill, intensifying clashes between traditional finance and crypto advocates.
Malaysia Weighs Penalties for Meta's Handling of Fake Royal Profiles
Malaysia is evaluating actions against Meta for not removing fake social media accounts impersonating the nation's sultans, raising questions about platform accountability in sensitive cultural contexts.
Actor Vijay's Party Claims Victory in Tamil Nadu, Home to India's iPhone Assembly Lines
C. Joseph Vijay's party forms a government in Tamil Nadu, India's key hub for iPhone and automobile production, potentially influencing global tech supply chains.
Meta's AI Push is Breeding Employee Misery
Meta's aggressive AI strategy is fueling employee burnout and dissatisfaction, as reported in a New York Times investigation, raising questions about the human cost of tech's latest race.
Fintech Startup Parker Files for Bankruptcy
Fintech startup Parker, known for corporate credit cards and banking services, has filed for bankruptcy and shut down, signaling ongoing challenges in the sector.
Double Fine Workers Organize Union with CWA
Workers at Xbox studio Double Fine, creators of Psychonauts, are forming a union with the Communications Workers of America to advocate for better conditions in game development.
Sony Takes $560 Million Hit on Bungie Acquisition as Key Games Falter
Sony Interactive Entertainment reports a $560 million impairment on its Bungie acquisition, driven by Marathon's development struggles and Destiny 2's player decline.
Quantinuum Files for US IPO Amid Quantum Computing Buzz
Quantinuum, the Honeywell-backed quantum computing firm, has filed for a US IPO, riding a wave of enthusiasm for the emerging technology sector.
Carlyle Research Head Sees Massive AI Productivity Boost Ahead
Carlyle Group's Jason Thomas predicts enormous AI-driven productivity gains ahead, while calling US market valuations attractive for investors at the Milken Institute conference.
Chip Stocks Drive Wall Street to New Peaks
A surge in chip stocks propelled Wall Street indexes to record highs on May 8, 2026, as analyzed in Bloomberg's closing bell coverage with industry leaders.
Sony Books $560 Million Impairment on Bungie Buyout as Key Titles Falter
Sony records a $560 million impairment on its Bungie acquisition as Marathon and Destiny 2 underperform, highlighting risks in gaming live-service strategies.
404 Media Opens Up on Storage Headaches, RSS Struggles, and a Major Investigation
404 Media's latest behind-the-scenes post details storage challenges, RSS maintenance, and an upcoming major reporting project in digital journalism.
University Threatens Legal Action Over Water Denial for Nuclear Weapons Data Center
The University of Michigan threatens legal action against a Michigan township for denying water to a nuclear weapons data center, claiming discrimination against data infrastructure.
Stratechery's Weekly Roundup Dives into Big Tech Earnings and Beyond
Stratechery's May 2026 weekly roundup analyzes Big Tech's Q1 earnings, a chat with Joanna Stern, and draws parallels to the Boston Celtics' strategic decisions.
AI Investor Frenzy Boosts Swiss Optical Stocks
European investors chasing AI opportunities have driven sharp gains in shares of two Swiss optical component makers this week.
Chip Stocks Drive US Futures Gains as Iran Ceasefire Persists
US stock futures climbed Friday, led by semiconductor stocks ahead of a payrolls report expected to show modest hiring gains, while oil prices stabilized amid a holding Iran ceasefire despite Strait of Hormuz clashes.
Baidu's AI Chip Arm Kunlunxin Plans Dual Listings in Shanghai and Hong Kong
Baidu's chip unit Kunlunxin plans IPOs on Shanghai's STAR Market and Hong Kong's exchange to tap investor interest in AI semiconductors.
TSMC Posts 17.5% Sales Jump as AI Infrastructure Spending Persists
TSMC's 17.5% sales growth in April highlights ongoing AI infrastructure investments by hyperscalers, signaling a sustained boom in chip demand.
MP Materials Forecasts Steep Drop in Heavy Rare Earth Demand
MP Materials Corp. predicts a sharp decline in demand for expensive heavy rare earth materials as magnet makers adopt alternative metals amid technology advances.
Apple Rumor Pushes Samsung to $1 Trillion Valuation Milestone
A report on Apple's potential diversification of chip suppliers to include Samsung propelled the company's market valuation past $1 trillion for the first time.
China's Humanoid Robot Lead Fuels Export Surge
Morgan Stanley research shows China's early lead in humanoid robots will drive the next phase of its manufacturing and export dominance globally.
Supreme Court Denies Apple's Stay in Epic Antitrust Battle
The U.S. Supreme Court denied Apple's stay request, allowing the Epic Games antitrust case to proceed to district court for decisions on App Store commission rates.
Apple Settles Class Action Lawsuit Over Delayed Siri AI Features for $250 Million
Apple agrees to a $250 million settlement in a class action suit over delayed Apple Intelligence features for Siri, offering up to $95 per device to affected iPhone 15 and 16 buyers in the US.
Fortinet Stock Surges on Raised Revenue Forecast
Fortinet shares rose as much as 24% after raising its full-year revenue outlook, fueled by the largest billings growth in over three years.
Elon Musk's 2017 Bid to Lure Sam Altman to Tesla's AI Ambitions
Revealed messages from 2017 show Elon Musk's team tried to recruit OpenAI CEO Sam Altman to lead Tesla's rival AI lab amid growing tensions over control.
Supreme Court Rejects Apple's Bid to Pause Epic Games Ruling
The U.S. Supreme Court denied Apple's request to pause a lower court order in its antitrust fight with Epic Games, paving the way for proceedings on App Store commission fees.
Microsoft and Apple Earnings Highlight AI-Driven Shifts and Supply Hurdles
Microsoft's earnings spotlight a new agentic AI business model for enterprises, while Apple faces memory and chip shortages despite AI-driven Mac gains.
Xbox Leadership Shifts: AI Veterans Join the Top Table as Copilot Gaming Push Gets Axed
Xbox's Asha Sharma promotes former Microsoft CoreAI colleagues to leadership while scrapping some Copilot integrations in gaming, signaling a more targeted AI approach.
Microsoft Retires Gaming Copilot AI for Xbox
Microsoft's new Xbox CEO Asha Sharma has ended development of the Gaming Copilot AI for consoles and will remove it from the mobile app, focusing instead on faster community connections and reduced friction.
AI Disrupts Private Credit Recovery in Software Sector
Davidson Kempner CIO Tony Yoseloff warns that AI disruptions are lowering recovery rates for private credit investments in the software sector, signaling tighter funding for tech firms.
Y Combinator's Quiet 0.6% Stake in OpenAI Raises Questions on Influence
Y Combinator's 0.6% stake in OpenAI, tied to Sam Altman's past role, spotlights potential conflicts between accelerators and AI firms amid scrutiny of his leadership.
GameStop Floats $56 Billion Bid for eBay in Surprise Meme-Stock Power Play
GameStop proposes a $56 billion cash-and-stock acquisition of eBay, offering a 20% premium, but analysts warn of integration pitfalls and financing woes.
GameStop Bids $56 Billion for eBay in Ryan Cohen's Amazon Gambit
GameStop's $56 billion unsolicited bid for eBay aims to create an Amazon rival, but funding gaps and size mismatches raise doubts about the deal's viability.
Magic: The Gathering's Reality Fracture Set Brings Back Jace Beleren to Reshape the Multiverse
Magic: The Gathering's Reality Fracture set returns planeswalker Jace Beleren to reshape the multiverse, promising a bold narrative shift for players and collectors.
New Streaming Hits Land on Major Platforms This Weekend
Crunchyroll launches Chainsaw Man season one, Netflix adds Swapped, and HBO Max features Wuthering Heights, refreshing streaming options for the weekend.
GameStop Reportedly Pursues eBay Acquisition in Bid to Revive Brick-and-Mortar Model
GameStop, grappling with retail decline, is reportedly in early talks to acquire eBay, potentially merging physical stores with online auctions for collectibles like Funko Pops.
Netflix Pushes Back Greta Gerwig's Narnia Prequel to 2027
Netflix delays Greta Gerwig's The Magician's Nephew from November 2026 to February 2027 to allow for a longer theatrical run before streaming.
Coatue Ventures Into Land Acquisition for AI Data Centers
Coatue Management is buying land near power sources for potential data centers, possibly to support AI firm Anthropic's growth amid surging compute demands.
Musk v. Altman Trial Unveils OpenAI's Founding Tensions
Court exhibits in the Musk v. Altman trial reveal emails, photos, and documents from OpenAI's early days, highlighting Musk's foundational role, Nvidia's hardware gift, and internal worries over control.
RAM Shortage Gives Microsoft a Reprieve in Battle with Valve's SteamOS
A global RAM shortage dubbed the RAMpocalypse has slowed Valve's SteamOS expansion, giving Microsoft time to bolster Windows against the Linux-based gaming rival.
Musely Secures $360 Million in Non-Dilutive Funding from General Catalyst
Musely raises $360M in non-dilutive funding from General Catalyst to boost customer acquisition in skin, hair, and menopause care without diluting equity.
Replit CEO Amjad Masad Addresses Acquisition Speculation Amid Rival's Massive Deal Talks
Replit CEO Amjad Masad discussed rival Cursor's rumored $60B SpaceX acquisition, battles with Apple, and his aversion to selling at TechCrunch's StrictlyVC event.