Anthropic PBC’s initial public offering plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation. Bloomberg's Anthony Hughes joins to discuss. (Source: Bloomberg)
Lyft Chief Executive Officer David Risher talks about the latest earnings report and integrating companies it acquired. Risher also says the company can only take up to 30% of the fee that riders pay and the supply of drivers is at an all-time high. Risher talks about why prices for ebikes are rising in New York City. He speaks with Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)
Microsoft Corp. is winding down an arrangement to rent AI computing from Oracle Corp., part of a larger reassessment of billions of dollars in cloud partnerships.
SpaceX’s reliance on US government-funded contracts will continue to shrink, Elon Musk said, signaling a shift in focus away from what was previously his rocket-launch company’s most important partnership.
Brightspeed and its creditors are locked in talks for a multibillion-dollar funding lifeline as the broadband provider grapples with a heavy debt burden amid its capital intensive fiber internet rollout.
Brookfield Asset Management Chief Executive Officer Connor Teskey said it’s crucial to obtain buy-in from local communities before constructing artificial intelligence infrastructure.
Some Apple investors and fans are saying that CEO John Ternus' seemingly scripted earnings call failed to inspire.
On this episode of the Power On podcast, Mark Gurman and Vlad Savov compare Ternus' performance with Tim Cook's. (Source: Bloomberg)
Prospective investors in Anthropic's IPO are facing a weekend of uncertainty after a punishing post-election selloff in AI stocks prompted a rethink of the company’s expected valuation. Tom Mackenzie explains. (Source: Bloomberg)
Rick Rieder, BlackRock's global fixed income CIO, says having a balanced and diverse portfolio is the best hedge in the current market environment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Nu Holdings Ltd. temporarily suspended cryptocurrency deposits and withdrawals in Brazil because of a problem with an external provider, a week after hackers stole $6.3 billion from Binance Holdings Ltd.
TikTok owner ByteDance is considering expanding a data center project in northeastern Brazil, a move that would strengthen its standing as Latin America’s leading builder of computing facilities.
The selloff in tech stocks could hurt Anthropic. Potential buyers are discussing a valuation range of $1.2 trillion to $1.3 trillion for the company, which could go public before Thanksgiving. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)
Nvidia Corp. is in for tougher scrutiny from a new Democratic majority in Congress that’s set to demand answers from Chief Executive Officer Jensen Huang about whether the company is doing enough to keep its coveted artificial intelligence chips out of the hands of China and other US adversaries.
Taiwan Semiconductor Manufacturing Co. is considering broadening its business to include advanced memory chip manufacturing, The Information reported, a move that would give the world’s largest chipmaker an even bigger share of the AI hardware supply chain.
Jeffrey Rosenberg, systematic multi-strategy fund portfolio manager at BlackRock, says markets are reacting less to the employment report than to recent overseas developments, futures trading and concerns about the AI-driven growth outlook. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
The euro area’s top banking supervisor is considering a review of lending related to data centers, seeking to gauge potential risks from swings in AI sentiment and valuations.
AST SpaceMobile Inc., a satellite company that competes against SpaceX, announced that it is building its own rocket that will be powered by engines from Firefly Aerospace Inc.
"AI systems were built on data that was stolen."
Max Richter tells Mishal Husain that human composers should get paid when AI uses their work to make music. (Source: Bloomberg)
More than 100 protesters broke into a data center construction site for Microsoft Corp. in Amsterdam on Friday, part of wider coordinated action planned across Europe against such facilities through the weekend.
