(Bloomberg) -- Blackstone Inc. has held early discussions with investors to gauge interest in a second mega debt package to finance Anthropic PBC’s use of chips from Alphabet Inc.’s Google.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advisi
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YouTube Premium will soon give consumers access to Peacock's streaming service.
Ford, BlackRock, and Google just pledged hundreds of millions to pull experienced tradespeople back into the workforce, and a 63-year-old electrician in Ohio is answering that call without realizing the bigger paychecks could trigger two separate federal penalties at once.
The tech stock rally continued, extending yesterday's gains, but today's rise looks a little different. The tech-heavy Nasdaq Composite was up 1.1%. The tech sector led the S&P 500, up 3.1%. Unlike yesterday, it wasn't the Magnificent Seven stocks doing the heavy lifting.
Tesla's stock has cratered 30% this year while rivals like BYD eat into its European market share, but an unexpected geopolitical crisis may be handing the company a lifeline that no amount of AI hype ever could.
The company long defined by its professional-grade creative tools is now pursuing a radically different customer. It is retooling its entire user acquisition model to serve billions of consumers through a freemium funnel. This strategic pivot is already showing results, nearly doubling its Creative Freemium monthly active users in the last year alone. The goal is no longer just power and precision for experts but mass adoption.
Everyone is waiting for when the major AI spending would start bearing fruit. But Aswath Damodaran, the NYU Stern finance professor known as the “Dean of Valuation,” is raising alarm bells and thinks the ROI may not return soon and may not reach the levels many expect. During a program on CNBC, he specifically mentioned […]
DeepSeek gave Alibaba Group Holding Limited (NYSE:BABA) and Alphabet Inc. (NASDAQ:GOOGL) a revealing price comparison on August 3. Artificial Analysis estimated that DeepSeek’s V4-Flash averaged just $0.03 to complete each test in its benchmark suite while scoring 50 on its Intelligence Index, matching Google’s Gemini 3.6 Flash. Three cents is the average cost of completing […]
They're competitors, but they're decreasingly alike. This is going to make a difference sooner or later.
Google is arranging up to $200b in Wall Street financing to expand AI infrastructure in partnership with Anthropic. Broadcom (NasdaqGS:AVGO) is identified as a key AI chip supplier within this build out. The financing plan signals large scale demand for specialized hardware that supports AI training and inference. Broadcom sits at the center of this story as a core supplier to one of the largest AI infrastructure programs currently reported. The stock trades at $392.23 and has returned...
The tech giant has a significant stake in the space company.
AI processors have gotten dramatically faster, but the memory feeding them has struggled to keep pace, creating a bottleneck that no GPU upgrade can fix. Two major chipmakers think they have found the missing piece of the puzzle.
Once operational, the project is forecast to generate around $25m in revenue for McCurtain County in Oklahoma, US.
Amazon.com Inc. shares rose 1.80% in Monday’s premarket after soaring more than 15% on Friday, putting founder Jeff Bezos on track for another multibillion-dollar increase in his net worth. Friday’s rally also added roughly $25 billion to Bezos’ fortune, helping...
NEW DELHI/MUMBAI, Aug 4 (Reuters) - India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the
Jensen Huang's push for open AI may sound altruistic, but it could also be one of Nvidia's smartest long-term growth strategies.
(Bloomberg) -- The breakdown of Uber Technologies Inc.’s robotaxi partnership with Alphabet Inc.’s Waymo is looming large over the ride-hailing giant’s quarterly results, as investors grow anxious about the stock that has lagged the broader market this year. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders
“Big Short” investor Steve Eisman said on his own show, Real Eisman Playbook, that “If I was the head of Anthropic or OpenAI, I’d be petrified. That spells to me price war.” The comment lands at an inconvenient moment: both labs have filed confidentially with the SEC and are aiming at public listings near $1 ... ‘I’d Be Petrified’: Steve Eisman Says Cheap Chinese AI Models Could Wreck OpenAI and Anthropic’s Valuations
Increasing global energy demand and improvements in drilling technology have driven oil and gas majors to invest in geothermal.
With increased AI infrastructure spending, Nvidia, SK Hynix, and TSMC all look like good buys.
President Trump's brokerage accounts have bought substantial shares of Alphabet and Meta Platforms stock this year.
SpaceX reports its inaugural quarterly numbers on Tuesday evening. A lot will be said about rocketry, AI, space, and even the future of human civilization. SpaceX is newly public and it just merged with Elon Musk’s AI company, xAI, in February.
Amazon posted its biggest rally since 2012 after AWS revenue surged to $42.2 billion, while Microsoft's Copilot adoption doubled to 30 million users.