OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter, after the artificial intelligence startup pushed back its plans for an initial public offering.
Bloomberg's Romaine Bostick reports on how the rise of prediction markets is impacting sports betting and if more regulation is needed. Executives from BetMGM, DraftKings, FanDuel, Robinhood and Fanatics all weigh in. (Source: Bloomberg)
OpenAI has unveiled an always-on artificial intelligence agent that’s designed to proactively tackle work on a user’s behalf, competing with firms like Meta Platforms Inc. in a growing field for AI-powered digital assistants.
OpenAI is holding back a version of its Astra model while it establishes stronger safeguards for artificial intelligence development, flagging heightened risks after a spate of recent rogue AI hacking incidents.
Bloomberg Tech Anchor, Ed Ludlow discusses the move, as well as broader AI fears impacting the markets. (Source: Bloomberg)
Apple Inc. Chief Executive Officer John Ternus is already moving to overhaul the company so it can accelerate product development and be a leaner organization. Early ideas include cutting some middle-management jobs and focusing more on engineering. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)
Police in the Netherlands have arrested a Dutch man on suspicion of cybercrime-related activities, according to the person’s employer and other people familiar with the matter.
Gabriela Santos, Chief Market Strategist for the Americas at JPMorgan Asset Management says the recent surge in Treasury yields looks overdone, arguing the US economy is resilient but normalizing rather than booming. She urges investors to favor high‑quality large caps over speculative AI plays, watch leverage and stay selective in banks as secular AI forces drive market dispersion. (Source: Bloomberg)
Apple Inc. Chief Executive Officer John Ternus, just weeks into the role, is moving to overhaul the iPhone maker in an effort to accelerate product development, broaden its range of devices and create a leaner organization with a greater focus on engineering.
Former SEC Chair and MIT professor Gary Gensler joins Bloomberg Open Interest to break down how AI could trigger bank stress by shifting deposits, fuel an "AI bubble" retrenchment and expose hidden risks in private equity and credit. He also discusses Anthropic's stark S‑1 warnings and what it really signals for investors and financial stability. (Source: Bloomberg)
Meredith Whitney, CEO of Meredith Whitney Advisory Group, joins Bloomberg Open Interest to break down why the US economy is more fragile than the headlines suggest. We dig into consumer strain, $4 gas pain, AI-fueled wealth concentration, private credit risks, delayed IPOs, and whether AI agents could trigger a bank run. (Source: Bloomberg)
AI shopping tools are quietly steering buyers to big-box retailers 94% of the time. Lightspeed's CEO Dax Dasilva joins Bloomberg Open Interest to explain why small businesses are disappearing from AI results, and how better prompts and new AI tools could help local shops fight back in the next wave of commerce. (Source: Bloomberg)
OpenAI is on track to generate annualized revenue of nearly $70 billion based on its current performance, fueled by strong gains in business and consumer adoption, Axios reported on Tuesday, citing unnamed people familiar with the matter.
A Maryland cybersecurity consultant who allegedly stole nearly $55 million in hacked cryptocurrency and spent some of it on rare Pokemon and Magic: The Gathering cards went on trial in New York.
Edward Yardeni of Yardeni Research says bond yields could keep going higher from here and markets could be seeing a revenge of the so-called bond vigilantes. He says a yen-carry unwind could be driving the global bond selloff. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
The former head of the US Securities and Exchange Commission warned about looming hurdles for artificial intelligence companies, citing competition with Chinese models and the potential for guardrails.
ExodusPoint Capital Management is working with Anthropic PBC to expand the use of artificial intelligence agent Claude across its hedge fund operations.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., examines Anthropic PBC as the company prepares to file its initial public offering and looks at the growing list of concerns surrounding AI. (Source: Bloomberg)
A planned UK data center has proposed relying mainly on gas generators for power while it waits at least a decade for a firm connection to the electricity grid, raising objections from local residents.
