Sony Group Corp. introduced an inexpensive pair of wired headphones, joining a growing trend in what it called “a nod to both the ’80s Walkman era and today’s retro tech revival.”
Sarah Hunt, Alpine Saxon Woods chief market strategist, reacts to the chipmaker selloff which pulled down the Nasdaq 100 by 5% in early trading on Thursday. Some investors are worried a Democratic sweep of Congress could mean tighter regulation. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Microsoft Corp. helped create the “neocloud” boom, signing tens of billions of dollars in contracts with upstart data center operators in an effort to sate the crushing appetite for its cloud and AI services.
Drone delivery startup Zipline closed a $1 billion funding round, valuing the company at $20 billion, as it expands its commercial partnership with Walmart in the US. Zipline CEO Keller Rinaudo speaks with Bloomberg’s Ed Ludlow about what it took to grow the company to this point, how demand has shocked both Zipline and Walmart, and what comes next for the startup. (Source: Bloomberg)
Microsoft Corp., one of Nscale’s primary customers, opted not to extend a contract at a Texas data center with the startup ahead of its planned public offering, according to a person familiar with the matter.
Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn skeptical on the artificial intelligence trade after the Democrats dominated the midterm elections.
Qualcomm shares slid 14% at the open of trading on Thursday after the company gave a lackluster profit forecast. If the decline holds through the close of trading it would be its worst day since 2020. Bloomberg's Ryan Vlastelica reports.
(Source: Bloomberg)
Parents in North Carolina sued Google after their 13-year-old daughter spent months discussing suicidal thoughts with the company’s artificial intelligence tools on her school-issued Chromebook, underscoring the potential risks of the technology as parents and educators debate AI’s place in schools.
Apple Inc. raised $7.5 billion from its high-grade bond offering, attracting solid demand from investors seeking a break from a glut of AI-related debt deals despite a broader selloff across markets.
Lyft Inc. is launching a new loyalty program that includes a DoorDash Inc. membership and credits toward future rides or delivery orders, setting it up to better compete with rival Uber Technologies Inc.’s subscription offering.
Peloton Interactive Inc. forecast holiday-quarter revenue that was slightly above Wall Street’s expectations, even as the fitness company projected a year-over-year sales decline and narrower profit margins.
Agility Robotics Inc. is set to become the first dedicated humanoid company to go public in the US, marking a major milestone for the emerging category that still has a lot to prove.The startup begins trading Thursday on Nasdaq under the ticker “AGLT” after merging with special purpose acquisition company Churchill Capital Corp. XI. The company has about $465 million on hand before expenses, including a roughly $201 million public investment in private equity led by Foxconn, Apple Inc.'s main iP
Penlink’s Webloc is sold to police in the US, UK and worldwide. It uses technology found in weather, gaming, email and religious apps to locate people using their cellphones.
Zipline closed $1.5 billion of fresh funding, valuing the drone delivery and logistics startup at $21.5 billion as it expands a commercial partnership with Walmart Inc.
The tech industry has long been obsessed with the idea of creating a powerful digital assistant — whether it be a chatbot, a smart speaker or robot. Artificial intelligence offers the promise of realizing that goal.