SpaceX's Starship reached orbit for the first time Monday morning, but the mission was cut short after an engine failed. The ship successfully deployed 26 satellites into orbit. Elon Musk's massive rocket then splashed down in the Pacific Ocean near Hawaii around three hours into the mission. (Source: Bloomberg)
Elon Musk should work with South Africa and launch his Starlink satellite internet service there, the country’s deputy communications minster said on Monday.
People constantly ask Bill McBride when the housing market might look a little less chaotic. His response, more often than not, is “yeah, good luck.” But for a more detailed answer, for our LA live show, Bill gave our audience a chart presentation that helps explain the slumping housing market, looking at mortgage rates, house prices, and home sales. (Source: Bloomberg)
Meta Platforms Inc. has tapped MongoDB Inc.'s president and chief executive officer, Chirantan "CJ" Desai, to lead a new AI platform for enterprise customers. Bloomberg's Seth Fiegerman reports. (Source: Bloomberg)
Executives from major artificial intelligence companies are expected to appear before New York City lawmakers next week, amid growing concern about a lack of guardrails around the technology.
Top executives from Anthropic PBC, OpenAI, Meta Platforms Inc. and Microsoft Corp. are urging policymakers to scrutinize the extent that artificial intelligence systems are improving themselves and take steps to safeguard the technology, adding to calls within the industry for greater oversight of AI.
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than "Bloomberg Surveillance." (Source: Bloomberg)
Nvidia increased the size of its share buyback plan by $150 billion, taking the total remaining authorized amount to $235 billion. Ryan Vlastelica has more on "Bloomberg Open Interest." (Source: Bloomberg)
Kuaishou Technology’s AI spinoff announced its latest video-generation model ahead of a potential Hong Kong listing, stepping up efforts to close the gap on industry leader ByteDance Ltd.
Instinct, the startup behind a viral artificial intelligence agent, has raised $1 billion in funding at a $10 billion valuation, a sign of investor demand for a new crop of AI products that carry out everyday tasks for users.
SoftBank Group Corp.’s billionaire founder Masayoshi Son has said he’s “all in” on AI. The conglomerate’s record $11.1 billion junk bond deal last week shows the lengths his executives have been going to help finance that vision.
Akamai Technologies co-founder and CEO Tom Leighton discusses the company’s seven-year, $12 billion AI computing supply agreement with Anthropic and its broader AI strategy with Dani Burger on "Bloomberg Open Interest." (Source: Bloomberg)
Elon Musk's SpaceX launched its massive Starship rocket Monday morning on its first orbital flight test. This rocket is carrying 26 satellites that are to be deployed into orbit. This is the launch from the Starbase facility in South Texas. (Source: Bloomberg)
Gold Fields Ltd. believes shareholders of Northern Star Resources Ltd. may put pressure on Australia’s biggest gold miner to discuss the South African firm’s rebuffed takeover approach.
Bose Corp. introduced a $99 wired pair of noise-canceling earbuds, offering a rare feature at a time when corded earphones have seen a resurgence among younger shoppers.
Meta Platforms Inc. tapped MongoDB Inc.’s president and chief executive officer to lead a new AI platform for enterprise customers that Meta CEO Mark Zuckerberg called “the next major pillar of our business.”
Private equity-backed cyber defense technology firm RedLattice said it’s going public via a merger with blank-check company Bold Eagle Acquisition Corp.
F2 AI Inc., an artificial intelligence developer specializing in credit, is receiving a $5 million investment from private credit manager Golub Capital LLC, the latest example of a financial institution investing directly in a technology that is reshaping finance.
Nvidia Corp., the chip developer at the heart of the artificial intelligence boom, increased the size of its share buyback plan by a record $150 billion, reflecting Chief Executive Officer Jensen Huang’s confidence in its continued growth.
