Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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SpaceX and xAI merger: how Elon Musk is rethinking the X superapp concept
The combination of space technology and AI is reshaping platform X's development strategy. Elon Musk is taking a decisive step toward creating a universal app for the future.
Memory shortage: how the AI boom sent DRAM chip prices soaring
The RAM market, long seen as stable and predictable, has been hit by a sharp shortage. The culprit is the insatiable demands of neural networks.
Anthropic enters the Indian market through partnerships with Air India and Cognizant
AI model developer Anthropic is strengthening its position in India. The company is integrating its AI agents into the workflows of the country's largest airline and IT giant Cognizant.
UK to require AI chatbots to comply with child protection laws
UK Prime Minister Keir Starmer plans to tighten oversight of AI. Chatbots will be required to block harmful content and strictly follow child online safety rules.
India joins the race for leadership in frontier AI models
Prime Minister Narendra Modi opens the largest AI summit, aimed at turning India into a key player in advanced technologies and in shaping the future of the industry.
Blackstone to lead $600 million investment in Neysa AI cloud
Blackstone will lead a $600 million investment round for Indian cloud startup Neysa, which specializes in infrastructure for AI.
OpenAI hires OpenClaw creator to develop AI agents
Peter Steinberger, developer of a popular open-source project, is joining OpenAI. His experience will help create new features for ChatGPT.
Anthropic doubles valuation as the US changes sanctions lists
Anthropic closes a $30 billion round, while the Pentagon unexpectedly withdraws a list of Chinese companies allegedly tied to China's defense sector.
Anthropic reaches a $380 billion valuation after raising record investment
Anthropic has completed a $30 billion fundraising deal. The AI startup is now valued at $380 billion, making it one of the most valuable companies in the world.
OpenAI discontinues a popular GPT-4o version, sparking user protests
OpenAI's decision to retire one iteration of the GPT-4o model triggered an unexpectedly strong reaction. Users say they developed an emotional attachment to the AI, which became more than just a tool to them.
Zhipu Surges 120% as Investors Find New AI Favorites in China
Shares of Chinese AI developer Zhipu more than doubled in a week. As Western giants undergo a correction, the market is betting on new faces in generative AI.
Applied Materials Shares Surge on Strong Demand for AI Chips
The largest supplier of chipmaking equipment issued an optimistic outlook. Investment in AI infrastructure continues to grow, pushing the semiconductor market higher.
OpenAI accuses DeepSeek of using data from American models to train R1
OpenAI sent a memorandum to US lawmakers claiming that Chinese rival DeepSeek uses distillation methods to extract outputs from leading Western neural networks.
Bank of Canada: Small Businesses Must Adopt AI to Curb Inflation
The Bank of Canada's deputy governor warns of inflation risks if AI technologies remain the preserve of large corporations. Small businesses need to invest in the future.
Altruist CEO explained why AI tools are shaking markets
The launch of Hazel, an AI tool for tax planning, triggered a drop in the shares of traditional wealth management firms. Altruist’s CEO revealed details of the new technology.
Startup Simile secures $100 million for AI-based human behavior forecasting
Startup Simile aims to change how businesses approach analytics by predicting customer actions and investor questions using machine learning algorithms.
Waymo plans 1 million weekly rides by 2026
Waymo, Alphabet’s self-driving car unit, projects more than 1 million paid robotaxi rides per week in the US by the end of 2026.
Elon Musk restructures xAI after sudden co-founder departures
Elon Musk announced sweeping changes to the structure of his AI startup xAI. The decision comes after the sudden departure of two key company co-founders earlier this week.
Cisco forecasts margin decline due to chip prices despite AI boom
Cisco reported mixed financial results: rising demand for AI infrastructure ran into a sharp increase in component costs, unsettling investors.
Stack Infrastructure raises $2.1 billion to expand AI infrastructure
Data center operator Stack Infrastructure plans to secure a major loan to expand capacity in Australia amid growing demand for AI.
Blackstone invests $1 billion in AI startup Anthropic
Blackstone is increasing its stake in Anthropic to $1 billion. The funding round is expected to attract more than $20 billion.
Anthropic to raise more than $20 billion from Founders Fund and D.E. Shaw
Anthropic is closing one of the largest funding rounds in startup history. The company plans to raise more than $20 billion from leading Silicon Valley venture funds.
Meta invests more than $10 billion in building a giant AI campus in Indiana
Meta is expanding its AI infrastructure by committing a record sum to a new data center. The large-scale project in Indiana will become a key hub for the company's future compute needs.
BNP Paribas and Mistral AI sign a three-year strategic agreement
Europe’s largest bank is expanding its partnership with French startup Mistral AI to deploy generative AI across its financial operations.
Bill Ackman's Pershing Square acquired a significant stake in Meta
Hedge fund Pershing Square Capital Management disclosed the purchase of a large block of Meta shares. Investors are betting on the AI future of Mark Zuckerberg's company.
Wall Street Dumps Shares of Companies Threatened by AI
Wall Street investors have begun selling off the assets of companies whose business could suffer from the advance of AI. Everyone is being hit, from software developers to wealth management giants.
AI revolution on Wall Street: investors dump stocks
Artificial intelligence is changing the rules of the game in the stock market. Companies under threat are seeing their shares fall.
Jack Ma's Ant Group bets on AI medicine
Fintech giant Ant Group is shifting its focus to the $69 billion medical AI market. After its IPO was canceled, the company is looking for new growth drivers in health technology.
Video startup Runway AI valued at $5.3 billion
Runway has raised $315 million in funding. The company's valuation rose to $5.3 billion amid a boom in generative video technology and strong investor interest in the AI sector.
Abu Dhabi invests in Anthropic: MGX joins $20 billion round
The Abu Dhabi investment fund MGX is close to a deal with Anthropic. Participation in the new funding round will strengthen the position of one of OpenAI's main competitors.