Saronic is breaking ground on what it says will be the largest and most advanced shipyard in America. Saronic co-founder and CEO Dino Mavrookas joins Ed Ludlow to discuss how its Port Alpha in Brownsville, Texas, is at the center of the defense tech company's push to rapidly scale production of autonomous ships. He speaks on "Bloomberg Tech." (Source: Bloomberg)
MercadoLibre Inc.’s push to expand its sale of prescription drugs in Brazil is facing a setback after the nation’s health regulator said it’s reviewing the e-commerce company’s plan to create an online marketplace for pharmacies.
OpenAI accused its Chinese rival Moonshot AI of being responsible for a wide-scale effort to extract data from its GPT artificial intelligence systems that could be used to reproduce the reasoning and capabilities of the company’s most advanced models.
SpaceXAI, the artificial intelligence unit of Elon Musk’s SpaceX, is considering an overhaul of its subscription pricing options for users of its Grok chatbot and X social network.
Shares of Accelevation Holdings Corp., a data center infrastructure company, declined 0.3% after the company and its private equity backer raised $540 million in an initial public offering priced below its marketed range.
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Yields fall and stocks jump on an inflation surprise, with Micron facing a key earnings test. President Trump strikes an AI accord as OpenAI chases a $1.4 trillion valuation. Plus, Apple makes its long-awaited smart-home push. And Citadel CEO Ken Griffin on his $3 billion gift to Carnegie Mellon, while KKR’s Christopher Sheldon breaks down the $8 trillion AI funding gap. (Source: Bloomberg)
Pershing Square CEO and founder Bill Ackman says markets are narrowly focused on big initial public offerings. Ackman says Anthropic is one of the greatest business stories he's ever seen, but would not say if it's a company he would invest in. The Claude developer is expected to go public this year. Ackman speaks on "Bloomberg Deals." (Source: Bloomberg)
JPMorgan Chase & Co.’s Sitara Sundar urged investors to diversify their bets on artificial intelligence because the industry is caught in the “healthy” volatility of two cycles occurring at once.
CoreWeave CEO Michael Intrator discusses the launch of Forge, a new suite of development tools designed to help clients train and improve AI models, as the company seeks to broaden its offerings beyond the “neocloud” label. He speaks with Ed Ludlow on "Bloomberg Tech" during the company’s first large-scale user conference in San Francisco. (Source: Bloomberg)
Sitara Sundar, head of alternative investment strategy at JPMorgan Private Bank, says diversifying across the AI value chain is the best strategy for investors. Sundar also says volatility we see now in the tech space is healthy. She speaks to Bloomberg's Dani Burger on "Open Interest." (Source: Bloomberg)
KKR has released a new report arguing that financing the global AI buildout will require about $8 trillion in capital expenditures, far more than traditional public equity and debt markets can supply on their own. Christopher Sheldon, KKR's co-head of credit and markets, discusses the report on "Bloomberg Open Interest." (Source: Bloomberg)
The Federal Trade Commission is scrutinizing OpenAI, Anthropic PBC and other artificial intelligence companies about the safety of their products amid high-profile cybersecurity incidents, according to a person familiar with the matter.
Open Standard, a company backed by more than 100 corporations, including Visa Inc., Stripe Inc., and Mastercard Inc., issued a US dollar-pegged stablecoin on Wednesday, marking one of the more ambitious efforts to bring the novel form of digital money into wider use.
CBRE Group Inc. executives have a warning for artificial-intelligence upstarts hunting for data centers: Find a serious partner to guarantee lease payments or face an uphill battle securing new sites.
Bridgewater Associates, one of the world’s largest hedge funds, projects AI could dislocate almost one-fifth of the US labor market if it’s not regulated and if society fails to prepare for the technological upheaval. CEO Nir Bar Dea speaks with David Rubenstein for an upcoming episode of "The David Rubenstein Show: Peer to Peer Conversations," airing Oct. 28 at 9 p.m. in New York. (Source: Bloomberg)
Apple is set to make its long-awaited debut in the smart-home market on Oct. 13. The company has a smart-home hub code-named J490, it will update the HomePod mini and unveil a new TV set-top box. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)
Morningstar Inc. will move its headquarters into Google’s new office building in Chicago, giving a boost to a marquee project in a once-neglected part of downtown.
