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AI Buildout Faces Upheaval After US Election Rout

2 days 20 hours ago
Democrat Gina Hinojosa's win in the Texas governor's race exemplifies the uphill battle the data center buildout could face in the wake of the midterms. Election results threaten to slow infrastructure development and hamper the pace of AI rollouts that companies are counting on to boost their bottom lines. Bloomberg's Brody Ford joins Carol Massar on "Bloomberg Tech." (Source: Bloomberg)

Open source AI is booming. Hugging Face explains who profits.

2 days 20 hours ago
Open source models are becoming more mainstream as enterprises, governments and startups alike rely on the promise of lower costs, more control, and more flexibility. But as increasingly capable models become more freely available, how do companies capture value? And with Chinese open models gaining ground, can American players keep up?  On this episode of […]

SpaceX Ups Challenge to US Mobile Carriers With Qualcomm Deal

2 days 20 hours ago
SpaceX has signed a deal to get hardware from Qualcomm for its planned U.S. terrestrial wireless network. It's the latest sign that Elon Musk's rocket and satellite company is committed to challenging the biggest players in the U.S. mobile industry. Bloomberg's Ian King discusses the move with Carol Massar on "Bloomberg Tech." (Source: Bloomberg)

Sugar Prices Pressured by Weakness in Crude Oil

2 days 20 hours ago
March NY world sugar #11 (SBH27 ) is up +0.13 (+0.71%) today, and December London ICE white sugar #5 (SWZ26 ) is down -1.20 (-0.24%). Sugar prices recovered from early losses today and are trading mixed. Today’s -7% plunge in WTI crude oil (CLZ26 ) to a 4-week low is...

Cattle Look to Midweek Trade Following Tuesday Weakness

2 days 20 hours ago
Live cattle futures posted losses of $1.55 to $2.67 across the board on Tuesday. Open interest was up just 956 contracts on Tuesday. Cash trade has been quiet to start the week, with USDA reporting light early at $340 dressed in the north and $215 live. Feeder cattle futures were...

Expectations of Larger Brazil Coffee Exports Weigh on Prices

2 days 20 hours ago
December arabica coffee (KCZ26 ) is down -4.40 (-1.55%) today, and January ICE robusta coffee (RMF27 ) is unchanged. Coffee prices are under pressure today, with arabica falling to a 5-week low. Expectations that coffee exports out of Brazil will increase are weighing on prices after ICE reported that 55,396...