Technology

Nitin Rakesh, CEO at Indian IT firm Mphasis, discusses the company's business strategy and its investments in AI. He speaks with Haidi Stroud-Watts on Bloomberg: The Asia Trade. (Source: Bloomberg)

Banks that recently signed a $40 billion bridge loan with SoftBank Group Corp. for its investment in US tech giant OpenAI have attracted more lenders to the deal in syndication, people familiar with the matter said.

The White House opposes Anthropic PBC’s plan to expand access to its Mythos AI model, the Wall Street Journal reported, a technology that the company says is powerful enough to enable dangerous cyberattacks.

The extraordinary wealth generated from South Korean chipmakers will drive spending and inflation, spurring the nation’s central bank to raise interest rates at least three times over the coming year, according to Mirae Asset Global Investments.

OpenAI has met a key milestone for securing AI capacity in the US several years ahead of schedule, boosting the startup’s ambitious plans for data center expansion.

Thomas Reardon, who led the work on Meta Platforms Inc.’s Neural Band, is raising funds for a new startup called Flourish to develop energy-efficient artificial intelligence, according to people familiar with the matter.

A frenzied day of earnings reports offered a glimpse at how some of the world’s biggest tech companies are doing in artificial intelligence. The upshot: Alphabet Inc.’s Google is seeing a clear payoff from its AI spending, while Meta Platforms Inc. is lagging behind.

Fujitsu Ltd. shares fell as much as 14%, the most in 11 years, after the company’s fourth-quarter operating profit and full-year forecast missed analyst estimates.

Samsung Electronics Co.’s semiconductor arm beat expectations with a 48-fold jump in profit after AI’s reliance on memory delivered hefty margins.

SoftBank Group Corp. plans to establish and float a standalone AI robotics and data center company called Roze in the US, the Financial Times reported, citing unidentified people familiar with the matter.

Asia’s artificial intelligence-fueled rally is masking signs of strain, with gains in tech names overshadowing the impact of the US-Iran war on the broader market.

Anthropic PBC has begun weighing a fresh funding round that would value the artificial intelligence developer at more than $900 billion, according to people familiar with the matter, potentially leapfrogging its longtime rival OpenAI as the world’s most valuable AI startup.

Daniel Flax, Neuberger senior research analyst, discusses what the latest round of tech earnings could portend for AI companies like Apple, Broadcom and Nvidia on "Bloomberg The Close." (Source: Bloomberg)

Meta Platforms Inc. shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off. The social-media giant projected full-year capital expenditures between $125 billion and $145 billion, far exceeding analysts’ estimates and marking a roughly 7.4% increase from what the company had previously projected. The company is dealing with “higher component pricing” and additional data center costs, Chief Financial Officer Susan Li said in a statement. Bloomberg's Kurt Wagner joins to discuss. (Source: Bloomberg)

San Francisco tech startup, Mercor, is hiring high-skilled workers for a massive undertaking: teaching AI how to do their jobs. On today’s Big Take podcast, reporter Tom Foster and host Sarah Holder break down how Mercor’s college-dropout founders built a $10 billion company aimed at automating the white-collar world. (Source: Bloomberg)

DA Davidson Managing Director Gil Luria offers his key takeaways on earnings from Amazon, Microsoft and Meta Platforms. He speaks on "Bloomberg The Close." (Source: Bloomberg)

House Republicans are investigating American technology companies’ use of Chinese artificial intelligence models, part of a broader push by Congress to limit US national security risks and to counter Beijing in the global AI race.

Amazon.com Inc. is spending at a rapid rate to expand data center capacity to meet the intense demand for artificial intelligence computing power, fueling the fastest quarterly sales growth for its cloud unit in more than three years.

Alphabet Inc. reported high demand for its cloud and artificial intelligence offerings, boosting shares and giving investors confidence that its unprecedented investments in AI infrastructure will pay off.

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg reignited fears that the historic levels of investment he’s making to catch up in the artificial intelligence race won’t pay off, a prospect that sent shares sliding after the company raised its spending outlook for the year.