Adobe and Disney have entered a multi-year partnership to help develop custom AI models and tools that the entertainment giant can use across its theme parks, studio and sports media businesses. Deepa Subramaniam, Vice President of Product Marketing for Creative Professionals at Adobe, explains how it all works with Riley Griffin on "Bloomberg Tech." (Source: Bloomberg)
Take-Two Interactive CEO Strauss Zelnick talks about the highly anticipated release of Grand Theft Auto VI, out next week. He says the Grand Theft Auto franchise “is probably the most valuable intellectual property in the entertainment business” because of its enormous global reach. Zelnick sits down with David Rubenstein on this week’s episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded October 19 in New York. (Source: Bloomberg)
Rep. Raja Krishnamoorthi says Congress needs answers from Nvidia CEO Jensen Huang over his reported relationship with a woman suspected of ties to Chinese intelligence, and says lawmakers could consider a subpoena if Huang doesn’t voluntarily appear. The Illinois Democrat also calls for a review of Nvidia’s China export licenses and tougher controls designed to prevent advanced US chips from reaching restricted Chinese entities. He joins Riley Griffin on “Bloomberg Tech.” (Source: Bloomberg)
Alphabet Inc.’s Google is adding its Gemini artificial intelligence app to Apple Inc.’s CarPlay system, expanding options for drivers who may already be using the assistant on their Apple devices.
At least 11 National Security Agency and US Cyber Command workers died by suicide over roughly the past year, according to US officials and public records. Bloomberg’s Jake Bleiberg discusses the intense workload facing personnel at the NSA and Cyber Command amid global conflicts, why the death are raising concerns among senior officials in Congress and the White House, and the efforts to increase mental health support for a workforce critical to US national security. He joins Riley Griffin on “Bloomberg Tech.” (Source: Bloomberg)
United Airlines Holdings Inc. is moving to block third-party artificial intelligence agents from booking flights and accessing customer accounts ahead of the holiday travel season, as the growing use of AI in the airline industry raises concerns about privacy.
Bloomberg’s Riley Griffin takes a look at Anthropic's potentially record-breaking IPO, with sources saying it's already multiple times oversubscribed. Plus, CoreWeave reassures Wall Street with third-quarter sales topping analyst estimates and easing fears about the debt tied to its rapid AI buildout; and Congressman Raja Krishnamoorthi discusses how the Nvidia scandal is felt across Washington and beyond. (Source: Bloomberg)
It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a tech rally as markets await the upcoming Anthropic IPO.
Bloomberg’s Michael Ball joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to unpack why the tech trade is showing resilience despite macro jitters. (Source: Bloomberg)
Anthropic PBC’s initial public offering has drawn multiple times the orders for the shares available, according to people familiar with the matter, as demand accelerates for potentially the biggest first-time share sale ever. Bloomberg's Sridhar Natarajan joins to discuss. (Source: Bloomberg)
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." CoreWeave’s upbeat forecast reignites the tech trade, while Anthropic’s blockbuster IPO adds fresh fuel to AI optimism. Fed hike bets build after Austan Goolsbee sounds the alarm on inflation. Plus, Terry Haines joins us on the fallout from Nvidia’s scandal, and Ann Berry and Victoria Fernandez weigh in on the market setup. (Source: Bloomberg)
Anthropic PBC is in the home stretch for its initial public offering, which including the $26 billion private placement is poised to top SpaceX’s record. The deal could raise up to $90.4 billion for the company and its co-founders when it prices on Nov. 18, cementing the first listing for a frontier AI model maker.
On "Bloomberg Deals", Sixth Street co-founder, CEO and co-CIO Alan Waxman talks with Dani Burger. They discuss the AI investment cycle, credit markets and sports investments. (Source: Bloomberg)
Nvidia llegó a acercarse a una valoración de US$6 billones. Ahora, el escándalo de Jensen Huang ha golpeado sus acciones y expuesto un problema que inquieta a los inversionistas: no hay un sucesor claro.
Clearlake Capital Co-founder José E. Feliciano speaks with Dani Burger on Bloomberg Deals about its new services for wealthy clients. He also discusses investments in sports teams and predicts at least a dozen trillion-dollar companies will come out of the AI cycle.
(Source: Bloomberg)
Nvidia Corp.’s investigation of Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy is raising questions about the company’s future and sending its stock into a tailspin. If he leaves, can the company survive? That's a question many on Wall Street are trying to answer. Bloomberg's Ryan Vlastelica reports. (Source: Bloomberg)
The UK will not allow the sort of “free-for-all” on data center development that’s sparked a public and political backlash in the US, threatening to stall investment in artificial intelligence, Chancellor of the Exchequer John Healey said.
Applied Intuition Inc., a defense contractor developing technology for autonomous vehicles, is in talks to raise at least $1.5 billion in a new funding round led by General Catalyst, according to people familiar with the matter.
Terry Haines, the Founder of Pangea Policy joined Bloomberg Open Interest to talk about how the Nvidia scandal could have consequences far beyond the company. Haines says congressional and law-enforcement investigations may take months, while the episode could strengthen calls to restrict chip sales to China. (Source: Bloomberg)
On this episode of Stock Movers:
- Shares of CoreWeave (CRWV) rallied in premarket trading after the compay eased fears about its debt-laden business during a high-stakes quarterly report, indicating that sales growth remains strong despite challenges facing the data center industry. The AI computing provider projected revenue of $13 billion to $13.3 billion this year. That exceeded its previous range of up to $13.2 billion and sailed past the $12.9 billion that Wall Street had predicted.
- Shares of Lumentum Holdings (LITE) slipped ahead of the US market open. Marvell Technology’s (MRVL) plan to double down on AI through a blockbuster $115 billion acquisition of Lumentum is getting a lukewarm early verdict from investment experts who bet on deals.
- Shares of Fossil Group (FOSL) rallied after the company raised its full-year sales outlook after posting quarterly growth sooner than expected. (Source: Bloomberg)