Technology

Macquarie Capital's Ellie Jiang says this year marks "a reality check" for Alibaba Group Holding Ltd. earnings. However, she tells Bloomberg Television that the Chinese company is still "probably the best one to be positioned into this AI front." (Source: Bloomberg)

OpenAI is developing a desktop application to bring together its ChatGPT chatbot, coding tool and web browser in an effort to keep users engaged in the face of fierce competition from rivals like Anthropic PBC.

Shares of Contemporary Amperex Technology Co. briefly traded at a record premium in Hong Kong over their mainland-listed peers, as strong earnings and energy supply shocks boosted demand for the battery giant.

Delton Technology Guangzhou Inc.’s shares rose in their Hong Kong trading debut after the Chinese circuit board maker raised HK$3.3 billion ($421 million) in a listing.

Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished the twin leaders of China’s tech arena for failing to lay out clear visions for how to profit off artificial intelligence.

Yotta Data Services Pvt., the data center operator that runs India’s largest cluster of Nvidia Corp. AI processors, is seeking to raise fresh capital at a valuation of about $4 billion as it prepares to file its draft prospectus for an initial public offering.

Investors are turning to AI chatbots like ChatGPT and Claude to try to understand the evolving complexities of the war in the Middle East. It's the first time AI is being used in this way. Ruth Carson explains. (Source: Bloomberg)

The UK is not fully prepared for a severe space weather event that could disrupt power systems, air travel and mobile networks, causing billions of economic losses, a government watchdog found.

The US charged a Super Micro Computer Inc. co-founder with illegally diverting billions of dollars in Nvidia Corp.-powered servers to China, initiating its highest-profile case against alleged smuggling of restricted AI technology to the Asian country.

Gemini Space Station Inc.’s workforce reduction has reached roughly 30% since the start of the year following layoffs, with the crypto exchange saying Thursday it is deploying artificial intelligence tools to increase productivity. The firm lost more than $500 million last year.

Nvidia Corp. Chief Executive Officer Jensen Huang said tech leaders need to be careful not to scare people about artificial intelligence, in response to a question about how Anthropic PBC could have better handled messy contract negotiations with the Pentagon.

Bloomberg’s Caroline Hyde discusses Micron earnings as the memory maker plans heavy spending on production to meet demand. Plus, Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years, even as earnings come under pressure. And, Uber is set to invest up to $1.25 billion in Rivian's robotaxi fleet in the ride-hail company’s latest deal. (Source: Bloomberg)

Kalshi Inc. has raised more than $1 billion at a valuation of $22 billion in a new financing round, according to a person familiar with the situation.

Industry insiders acknowledge that many in the US have negative feelings about the technology.

Amazon.com Inc. founder Jeff Bezos is in talks to raise $100 billion for a fund to acquire manufacturing companies and infuse them with artificial intelligence, the Wall Street Journal reported.

Google is ramping up development of a dedicated Gemini AI app for Apple Inc.’s Mac computer lineup, looking to step up competition with OpenAI and Anthropic PBC.

Ethan Choi, partner at Khosla Ventures, says the world has only scratched the surface of AI possibilities. He says some AI model startups may be overvalued but those figures are justified because of the cost of buildout and possible upside. Choi joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

Electric boat startup Arc has raised a new $50 million funding round from the likes of Eclipse, Menlo Ventures, a16z, and others as it works to expand from the consumer market into tugboats, ferries, and defense vessels. Arc CEO Mitch Lee joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

Alibaba says it's aiming to generate $100 billion in cloud and AI revenue within the next five years. It comes as China’s embrace of OpenClaw-style agentic AI has handed rival Tencent an initial advantage. Jacob Cooke, CEO of WPIC Marketing + Technologies, discusses the AI landscape in China with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)

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