JPMorgan Chase & Co.’s Sitara Sundar urged investors to diversify their bets on artificial intelligence because the industry is caught in the “healthy” volatility of two cycles occurring at once.
CoreWeave CEO Michael Intrator discusses the launch of Forge, a new suite of development tools designed to help clients train and improve AI models, as the company seeks to broaden its offerings beyond the “neocloud” label. He speaks with Ed Ludlow on "Bloomberg Tech" during the company’s first large-scale user conference in San Francisco. (Source: Bloomberg)
Sitara Sundar, head of alternative investment strategy at JPMorgan Private Bank, says diversifying across the AI value chain is the best strategy for investors. Sundar also says volatility we see now in the tech space is healthy. She speaks to Bloomberg's Dani Burger on "Open Interest." (Source: Bloomberg)
KKR has released a new report arguing that financing the global AI buildout will require about $8 trillion in capital expenditures, far more than traditional public equity and debt markets can supply on their own. Christopher Sheldon, KKR's co-head of credit and markets, discusses the report on "Bloomberg Open Interest." (Source: Bloomberg)
The Federal Trade Commission is scrutinizing OpenAI, Anthropic PBC and other artificial intelligence companies about the safety of their products amid high-profile cybersecurity incidents, according to a person familiar with the matter.
Open Standard, a company backed by more than 100 corporations, including Visa Inc., Stripe Inc., and Mastercard Inc., issued a US dollar-pegged stablecoin on Wednesday, marking one of the more ambitious efforts to bring the novel form of digital money into wider use.
CBRE Group Inc. executives have a warning for artificial-intelligence upstarts hunting for data centers: Find a serious partner to guarantee lease payments or face an uphill battle securing new sites.
Bridgewater Associates, one of the world’s largest hedge funds, projects AI could dislocate almost one-fifth of the US labor market if it’s not regulated and if society fails to prepare for the technological upheaval. CEO Nir Bar Dea speaks with David Rubenstein for an upcoming episode of "The David Rubenstein Show: Peer to Peer Conversations," airing Oct. 28 at 9 p.m. in New York. (Source: Bloomberg)
Apple is set to make its long-awaited debut in the smart-home market on Oct. 13. The company has a smart-home hub code-named J490, it will update the HomePod mini and unveil a new TV set-top box. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)
Morningstar Inc. will move its headquarters into Google’s new office building in Chicago, giving a boost to a marquee project in a once-neglected part of downtown.
Amazon.com Inc. announced a faster, slimmer Fire TV Stick 4K streaming device alongside a revamped remote control and upgrades to Alexa+ for the living room.
Valor Equity Partners and Atreides Management led a $50 million investment into agentic hardware company Flow Engineering, as the race to automate the physical world heats up.
DoorDash Inc. unveiled an artificial intelligence agent for ordering food that works inside Apple Inc.'s Messages app, stepping up efforts to integrate personal AI assistants ahead of its e-commerce rivals.
Tinder is launching a new feature called Group Hangouts designed to take the pressure off one-on-one dates, marking its latest effort to court younger users who have otherwise grown jaded with dating apps.The feature will roll out gradually in select US markets starting Wednesday, the company said in a statement. Group Hangouts, which Bloomberg first reported on in May, offers an approach to matchmaking that homes in on shared activities and interests. It builds on the success of earlier initiat
Samsung Electronics Co. introduced a pair of new Android-based tablets promising improved performance along with an upgraded SmartTag item tracker that offers better precision and longer-distance tracking capabilities than previous models.
Airbnb Inc. is adding an option for travelers in some US markets to rent baby gear and have it sent to their rental home, part of a suite of new services the company plans to offer domestically and in Europe.
The parent company of the Texas Stock Exchange raised $155 million in a third funding round, bolstering its financial firepower as it challenges the New York Stock Exchange and the Nasdaq for equities listings.
