Bloomberg Tech
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Samsung and SK Hynix to invest $880 billion in chips and data centers over ten years
Seoul is coordinating investments of at least 1,350 trillion won from Samsung, SK Hynix and other tech giants in chips and data centers in response to the challenges of the AI era.
SpaceX acquired AI editor Cursor for $60 billion right after going public
SpaceX closed the $60 billion acquisition of AI assistant for programmers Cursor a few days after its IPO — Franklin Templeton investors call it a logical step in the company’s AI strategy.
Google Home Speaker with deep Gemini integration goes on sale for $100
Google has launched the $100 Home Speaker smart speaker with deep Gemini AI integration — the device went on sale on June 25 and directly competes with Amazon Echo.
Google restricts Meta's access to Gemini due to a shortage of computing capacity
Google was unable to provide Meta with sufficient computing capacity and has imposed restrictions on its access to the Gemini AI models, according to the Financial Times. *Meta is recognized as an extremist organization
Baseten raises $1.5 billion at a $13 billion valuation — a bet on cheap AI models
Baseten, a startup providing infrastructure for budget AI models, has closed a Series F round of $1.5 billion at a $13 billion valuation, with participation from Altimeter.
Abu Dhabi's MGX fund raises about $50 billion to accelerate AI investment
Abu Dhabi's technology fund MGX has closed a raise of about $50 billion from regional and international investors to finance AI infrastructure.
Alphabet launches incubator for AI startups founded by former Google employees
Alphabet is officially supporting former Google employees building AI companies, deepening ties with one of Silicon Valley's largest alumni communities.
Oracle laid off 21,000 employees in a year — AI replaced some positions
Oracle cut its workforce by 21,000 people over 12 months — the scale turned out to be larger than the company had publicly acknowledged, and some roles were eliminated directly because of AI.
Microsoft and Chevron Sign 20-Year Power Supply Deal for a Data Center in Texas
Microsoft and Chevron have signed a 20-year agreement: the oil giant will supply gas-generated electricity to one of the largest data centers in the U.S., located in West Texas.
California Gas Stations Accused of Using AI to Inflate Fuel Prices
A class-action lawsuit has been filed in California against Walmart, BP, Marathon Petroleum, and 7-Eleven, accusing the companies of using AI algorithms to illegally inflate gasoline prices.
SoftBank's Masayoshi Son: Musk's orbital data centers won't win the AI race
SoftBank founder Masayoshi Son has said Elon Musk's idea of putting data centers in orbit makes no sense: the AI race will be won by ground-based computing infrastructure.
Gary Gensler: AI Is the Most Important Technology of Our Time, but It Needs Real Returns
Former SEC Chair Gary Gensler called AI the most important technology of the era and warned: without real revenue and productivity growth, market valuations will not hold.
Robotaxis hit the streets: how Waymo, Tesla, and Baidu are handling glitches
Autonomous taxis are no longer a technological promise — Waymo, Baidu, and Tesla are already carrying passengers, but technical glitches, incidents, and regulators are still slowing scale-up.
Zhipu considers multi-billion IPO in Hong Kong after stock surge of 2000%
Chinese AI model developer Zhipu is exploring a secondary offering in Hong Kong to raise several billion dollars — the company's shares have surged 2000% since the beginning of the year.
Apple vs ChatGPT: Can Siri keep users as AI rivals surge?
Bloomberg warns: if Siri fails to match ChatGPT and Gemini capabilities, Apple risks losing users already accustomed to more powerful AI assistants.
Google reinvents search: AI answers and dialogue instead of links for the first time in 20 years
Google integrates AI answers, dialogue mode, and reasoning tools directly into the core of search results — the largest changes in two decades.
Apple updates Siri AI assistant in iOS 27: now with context
The new Siri in iOS 27 gained context awareness and Personal Context — critics call the result "good enough." Bloomberg confirmed details of a foldable iPhone and a MacBook with a touchscreen.
Evantic Capital Founder: UK Needs Affordable Power Plants for AI Growth
Former Sequoia partner Matt Miller urged the UK to invest in nuclear and other affordable energy — otherwise the country risks losing the global race for artificial intelligence.
London leads Europe's AI race: Bloomberg breaks down the reasons behind the British tech boom
London has become Europe's main AI hub — Bloomberg found out what's behind the explosive growth of British startups and why the United Kingdom leads this race.
Kioxia Surpasses Toyota to Become Japan's Most Valuable Company on AI Boom Wave
Kioxia Holdings, a memory chip manufacturer, has displaced Toyota from the top of the Japanese market — for the first time in history, a technology company has surpassed an industrial giant by market capitalization.
Alarmists warn: Europe risks falling permanently behind in the AI race
A group of AI researchers released a report calling on Europe to make the 'largest-scale' investments in AI—otherwise the region will irreversibly lose its position in the technological race against the US and China.
China's Official Trade Union Newspaper Calls for Worker Protection Against AI Displacement
Workers' Daily — the official organ of China's largest trade union federation — openly urged regulators to protect labor rights amid rapid AI adoption in the workplace.
China will invest $295 billion in AI computing infrastructure, challenging the US
Beijing launched a state program worth $295 billion to build AI infrastructure — the largest bet in history on computing power in its competition with American tech giants.
RLWRLD and Nvidia Create Universal Standard for Evaluating Humanoid Robot Dexterity
South Korean startup RLWRLD, in collaboration with Nvidia, is developing DexBench — a universal benchmark for evaluating the precision of robot object manipulation in real-world conditions.
Balderton Capital: UK will soon have its first £100bn company
James Wise of Balderton Capital is convinced: the British market has matured for a '£100bn tech company'—but only if the state and investors begin working together.
Anthropic Files for IPO at $965B Valuation — Global Capital Bets Everything on AI
Anthropic secretly filed IPO documents at a $965B valuation — marking the largest AI company public debut, as Bloomberg records an unprecedented bet by global capital on artificial intelligence.
Music Industry vs AI: Four Key Challenges for the Sector in 2026
Bloomberg identified four key crises in the music business: copyright for AI-generated music, streaming fraud, voice cloning, and pressure on the royalty system.
DoorDash Integrated AI Chatbot into Its Ordering and Booking App
DoorDash introduced a built-in AI assistant that helps users order food, buy groceries, and book restaurant tables, while exploring monetization potential through B2B services.
Software Stocks Decline: Investors Prepare for Further Falls Amid AI Threats
Recent software stock gains have reversed; traders forecast further losses due to concerns over artificial intelligence revolution.
Oracle shares drop to 6-month low on AI infrastructure spending
Oracle fell sharply in the stock market on Thursday, losing more in value than any day in the past six months — investors were spooked by news of capital expenditures that exceeded forecasts.