Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter. The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people. This comes after the artificial intelligence startup pushed back its plans for an initial public offering. Bloomberg's Neil Campling reports. (Source: Bloomberg)
Glencore Plc and Yancoal Australia Ltd. have received approval for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia that enables operations to continue until 2045.
DeepSeek has publicly released software it created with Huawei Technologies Co. to program AI chips, showcasing its close partnership with the Chinese company working to develop technologies to replace Nvidia Corp.
A protégé of Michael Burry has warned that South Korea’s cheap stocks come with a catch: much of their value is often kept out of reach of minority shareholders.
US-based PaleBlueDot AI is in talks with potential lenders including Brookfield Asset Management for $600 million of private credit to buy chips for its site in South Korea, according to people familiar with the matter.
Apple Inc. is set to sell about 6 million units of the iPhone Duo this year, Counterpoint Research said, offering the first estimate for how the company’s inaugural foldable device will fare.
Chinese technology hardware shares suffered their poorest quarterly performance, following a brutal July selloff triggered by concerns over AI firms’ ability to justify stretched valuations and high spending.
Deloitte’s UK business paid its equity partners an average of about £1.13 million ($1.5 million) last year, up 7% from the year prior as the firm said demand for advice on artificial intelligence drove profit.
Tony Sciarrino, BMO's US Commercial Bank Head, said rising interest rates have not yet caused a meaningful slowdown in client planning or borrowing. He said BMO’s client roundtables show companies remain focused on growth, even though executing in a higher-rate environment requires more discipline and stronger performance than when rates were lower. He speaks to Romaine Bostick on "The Close." (Source: Bloomberg)
President Donald Trump sees artificial intelligence as suffering from a branding problem, and he intends to fix it with an attempt to officially rename the technology “super intelligence.”
OpenAI CEO Sam Altman talks about launching its new AI personal agent called Dots, which he says is a premium product. Altman also says the company will go public at some point, but it's being patient. He speaks to Bloomberg's Ed Ludlow in San Francisco. (Source: Bloomberg)
Bloom Energy Corp. Chief Executive Officer KR Sridhar says he’s confident that “speed bumps” in the buildout of artificial-intelligence infrastructure won’t hurt the company’s growth plans.
Bloom Energy marked its 25th anniversary by ringing the New York Stock Exchange opening bell, just days after joining the S&P 500, and used the moment to highlight its role in powering AI infrastructure. CEO K.R. Sridhar said Bloom’s on-site power systems are becoming a standard solution as demand rises for data centers, factories, and hospitals. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
MongoDB Interim President and CEO Dev Ittycheria discusses the outlook for the company after Meta Platforms tapped former CEO Chirantan “CJ” Desai to lead a new AI platform for enterprise customers. He speaks on "Bloomberg The Close." (Source: Bloomberg)
Accelevation Holdings Corp., a data center infrastructure company, and backer Olympus Partners raised $540 million in a US initial public offering priced below its marketed range, after a handful of first-time share sales were postponed.
President Donald Trump shot down the idea of new federal regulations on AI after meeting at the White House with top industry executives amid growing global concerns over threats posed by the technology. Tyler Kendall has more (Source: Bloomberg)
OpenAI CFO Sarah Friar discusses the company's new proactive assistant Dots. Speaking with Ed Ludlow on "Bloomberg The Close," Friar also says OpenAI is "really well capitalized." (Source: Bloomberg)
