Apple Inc. said it plans to introduce new privacy controls for Mac users, warning of the growing risks around granting broad data access to third-party software, including artificial intelligence agents.
Nscale, the artificial intelligence infrastructure company, hired a long-time Meta Platforms Inc. executive to be its chief operating officer, to accelerate a rapid expansion connected to its upcoming initial public offering, according to a person familiar with the matter.
Colombia has begun paying for a €3.1 billion fleet of Saab fighter jets ordered by the previous government, complicating any attempt by President Abelardo de la Espriella to unwind the purchase as he struggles to repair the nation’s finances.
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that highlights the growing physical risks from cyberattacks.
US soldiers tasked with hacking American adversaries and defending the nation’s computers are set to see their incentive pay cut by as much as $12,000 a year as part of an overhaul that’s drawn ire from the ranks, according to documents reviewed by Bloomberg and people familiar with the situation.
Divergent CEO Lukas Czinger says advanced manufacturing can help the Pentagon build weapons faster, cheaper and at far greater scale. Working with Lockheed Martin’s Skunk Works and other defense contractors, Divergent uses technologies including 3D printing to move from engineering inputs to flight-ready hardware in under three months. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Lockheed Martin is taking a model-agnostic approach to AI, using 55 different large language models across its business while applying the technology to everything from internal operations to autonomous weapons systems. SVP of Technology and Strategic Innovation Sarah Hiza discusses how Lockheed tests AI before deploying it, the growing role of autonomy and crewed-uncrewed teaming, and reveals that OpenAI is working alongside the F-35 team to tackle complex math and physics challenges tied to advanced sensor capabilities. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Bloomberg’s Ed Ludlow is live from Skunk Works, Lockheed Martin's advanced aircraft development facility in Southern California. Lockheed Martin's OJ Sanchez and Sarah Hiza weigh in on the company’s road to innovation in the defense tech space, Fortem CEO Jon Gruen discusses the drone warfare landscape, and Divergent CEO Lukas Czinger explains how the startup is helping build weapons faster, cheaper and at far greater scale. (Source: Bloomberg)
Fortem has raised $50 million in Series B funding, with Lockheed Martin participating as the counter-drone company looks to rapidly expand manufacturing and bookings. CEO Jon Gruen discusses how the partnership with Lockheed has evolved from venture investment to deploying technology together, and lessons learned from operating in active conflict zones. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
"I don't think it should be left to any one company."
Google SVP James Manyika says a "collective effort" is needed to ensure AI safety. (Source: Bloomberg)
From inside Lockheed Martin’s storied Skunk Works, Aeronautics President OJ Sanchez discusses the company’s push to move faster on the next generation of air power. He explains why Lockheed is investing ahead of formal Pentagon requirements in its autonomous Vectis aircraft, and how a single F-35 could eventually control as many as eight Vectis drones. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Alphabet Inc.’s Google raised the price of its seven-month-old Pixel 10a smartphone by $100 to $599, another example of how rising memory costs are making even older devices more expensive.
German defense startups Helsing and Stark Defence are on track with the development of attack drones, including plans to start training Germany’s army on the equipment in November, according to the government.
Nike Inc. is cutting jobs and embarking on a sweeping overhaul of the business as results deteriorate and test Wall Street’s patience with Chief Executive Officer Elliott Hill.
Bloomberg Intelligence, Senior US E-Commerce and Retail Analyst, Poonam Goyal discusses Nike's job cut decision and why sales have continued to slump. (Source: Bloomberg)
On this episode of Stock Movers:
- Nike (NKE) shares continue their slide as it is cutting jobs and overhauling its business as results deteriorate, with a restructuring plan to save $2.5 billion over the next five years. The company expects a high-single-digit revenue decline this year, which is worse than the 2.4% drop projected by analysts, and shares of Nike fell as much as 9.7% in New York on Friday.
- Broadcom (AVGO) shares are moving on news the company's Wall Street syndicate are starting to gather $60 billion of fresh AI chip financing to benefit Anthropic and other companies.
- Fair Isaac Corp. (FICO) shares are rising after the company launched the FICO Mortgage Direct License Program, and Bill Pulte signaled he wasn't purposefully targeting the company, which may have contributed to the stock's rise on Thursday. (Source: Bloomberg)
Elon Musk's Tesla delivered 486,532 vehicles in the third quarter topping the estimate of 463,761. Sales are still down from a year ago. Bloomberg's Craig Trudell reports. (Source: Bloomberg)
Amazon is equipping its delivery drivers with smart glasses that capture images of their surroundings. Bloomberg Opinion columnist Dave Lee explains how this raises questions about privacy, data use and the future of delivery work. (Source: Bloomberg)
Chipmaker Onsemi revised the purchase terms of its acquisition of Synaptics, agreeing to pay about $5.7 billion in cash rather than roughly $7 billion in shares. Carmen Reinicke reports on "Bloomberg Open Interest." (Source: Bloomberg)
Nvidia Corp. shares touched an intraday high for the first time since May before trimming those gains and closing just short of a record as investors piled back into the stock after a two-month selloff that wiped out more than $1 trillion of market value.
