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UK consumers are spending over £1 billion ($1.4 billion) a year on artificial intelligence subscriptions, with Anthropic eating into OpenAI’s lead, research showed on Thursday.

Nextdc Ltd. shares jumped the most since 2010 after rival data center operators bought equity following a selloff in the Australian company.

Alphabet Inc.’s Isomorphic Labs is in talks to raise roughly $5 billion in new funds to support its efforts to use artificial intelligence for drug discovery, according to people familiar with the matter.

ScottsMiracle-Gro shares rose about 10% after its earnings report, with investors focusing on guidance that exceeded expectations. Nate Baxter, the company’s President and CEO, says fiscal 2026 revenue grew about 1%, partly because the company exited lower-margin commodity products and changed its product mix. He speaks with Romaine Bostick & Vonnie Quinn on "The Close." (Source: Bloomberg)

Tenspresso, a three-month-old artificial intelligence chip startup founded by former Google AI chip engineers, is in talks for financing that would value it at $500 million, according to people familiar with the matter.

John Chambers, founder of JC2 Ventures and former CEO of Cisco, says he was not surprised by the pace of AI growth or capital formation, noting that he backed AI startups nine years ago. He speaks on "Bloomberg The Close." (Source: Bloomberg)

CFRA Research Senior VP and Equity Analyst Angelo Zino says ARM’s revenue outlook was broadly in line with expectations and its results looked fine, but investors may have wanted clearer guidance on the company’s move into physical CPU products. He speaks on "Bloomberg The Close." (Source: Bloomberg)

CFRA Research Senior VP and Equity Analyst Angelo Zino discusses Qualcomm’s latest quarterly results and outlook. Speaking on "Bloomberg The Close," Zino expects a lower gross margin profile as Qualcomm shifts away from handsets. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Vonnie Quinn, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Snap Inc. fell after the company reported third-quarter ad revenue and user growth that missed estimates, with Chief Executive Officer Evan Spiegel acknowledging that “advertising revenue growth remains below our ambitions.”

Goldman Sachs Group Inc. and Apollo Global Management Inc. are in talks with Wall Street investors to start selling portions of a roughly $40 billion chip financing deal for SpaceX, just as the AI boom braces for upheaval following a sweeping Democratic victory.

Arm Holdings Plc gave a revenue forecast for the current period that left investors underwhelmed, a sign the chip designer hasn’t yet met the lofty hopes for its push into the AI data center market.

Qualcomm Inc. shares tumbled after the company gave a lackluster profit forecast, a sign the largest maker of smartphone processors is still grappling with higher component prices.

MercadoLibre Inc. shares plunge after the company posted third quarter earnings that missed profit estimates as investors weigh whether the company’s heavy investments translate into stronger profitability over the long run.

Apple Inc. is reducing employee budgets for artificial intelligence usage as part of a cost-cutting effort, even as the company seeks to put AI at the center of its operations.

Uber’s delivery business saw strong acceleration in the third quarter, giving investors a reason to look past slower growth in its signature ride-hailing business. Ygal Arounian, managing director at Wedbush, discusses why the slowdown in the rides business wasn't too concerning and how Uber can continue to compete in grocery delivery even after a tie-up between rivals DoorDash and Instacart. He speaks with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)

Data centers can be assets to energy resources and the power grid, says Arushi Sharma Frank, founder and CEO of Luminary Strategies. The former US energy market policy lead at Tesla discusses how the midterm results could impact the AI buildout, and why Elon Musk's plan to put data centers in space offers diversification for the chip sector. She joins Carol Massar on "Bloomberg Tech." (Source: Bloomberg)

Amid the growing swarms of competition, some big podcasters sat out election night

Tuesday’s sweeping wins will give House and Senate Democrats the opportunity to set an agenda for the next two years and use their committees to take on President Donald Trump.

SpaceX has signed a deal to get hardware from Qualcomm for its planned U.S. terrestrial wireless network. It's the latest sign that Elon Musk's rocket and satellite company is committed to challenging the biggest players in the U.S. mobile industry. Bloomberg's Ian King discusses the move with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)