Micron Technology Inc. shares have rebounded from a summer selloff as fears about a potential pullback in AI spending have faded. Now investors want assurances from the memory-chip maker that the long-term outlook for demand remains bright.
Ken Griffin is donating $3 billion to Carnegie Mellon University, most of it to establish a new campus in Miami, in the largest single gift committed to a US university.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, says European stocks have remained resilient and have "done rather well" in the face of inflationary pressures and rising bond yields. He also comments on French bond yields. Speaking on Bloomberg Television, Oppenheimer says the profit story "is still solid," but should markets experience a further sharp bond selloff, equities could "become vulnerable." (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)
Legrand CEO Benoit Coquart says the electrical equipment maker will continue to do a 'lot of acquisitions', which he believes, won't damage the financial profit of the French-based group. He speaks with Haidi Stroud-Watts on "Insight with Haslinda Amin."
Original filename: 20260930_054350_Legrand_CEO_Says_AI_Data_Center_Boom_Still_Driving_Growth_W.mp4 (Source: Bloomberg)
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports. (Source: Bloomberg)
Glencore Plc and Yancoal Australia Ltd. have received approval for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia that enables operations to continue until 2045.
DeepSeek has publicly released software it created with Huawei Technologies Co. to program AI chips, showcasing its close partnership with the Chinese company working to develop technologies to replace Nvidia Corp.
A protégé of Michael Burry has warned that South Korea’s cheap stocks come with a catch: much of their value is often kept out of reach of minority shareholders.
US-based PaleBlueDot AI is in talks with potential lenders including Brookfield Asset Management for $600 million of private credit to buy chips for its site in South Korea, according to people familiar with the matter.
Apple Inc. is set to sell about 6 million units of the iPhone Duo this year, Counterpoint Research said, offering the first estimate for how the company’s inaugural foldable device will fare.
Chinese technology hardware shares suffered their poorest quarterly performance, following a brutal July selloff triggered by concerns over AI firms’ ability to justify stretched valuations and high spending.
Deloitte’s UK business paid its equity partners an average of about £1.13 million ($1.5 million) last year, up 7% from the year prior as the firm said demand for advice on artificial intelligence drove profit.
Tony Sciarrino, BMO's US Commercial Bank Head, said rising interest rates have not yet caused a meaningful slowdown in client planning or borrowing. He said BMO’s client roundtables show companies remain focused on growth, even though executing in a higher-rate environment requires more discipline and stronger performance than when rates were lower. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)
President Donald Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
OpenAI CEO Sam Altman talks about launching its new AI personal agent called Dots, which he says is a premium product. Altman also says the company will go public at some point, but it's being patient. He speaks to Bloomberg's Ed Ludlow in San Francisco. (Source: Bloomberg)
Bloom Energy Corp. Chief Executive Officer KR Sridhar says he’s confident that “speed bumps” in the buildout of artificial-intelligence infrastructure won’t hurt the company’s growth plans.
