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Bloomberg72d agoneutral
CoreWeave-Tied Data Center Seeks $850 Million Junk Bond Sale

(Bloomberg) -- A data center tied to CoreWeave Inc. is set to get funding from a $850 million junk-bond sale by Elk Grove Village Property LLC, which joins a wave of high-yield issuers tapping debt markets to fund artificial intelligence infrastructure.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectRussia Finance Officials Tell Putin

China Tightens Outbound Investment Rules in US Tech Rivalry
Bloomberg72d agoneutral
China Tightens Outbound Investment Rules in US Tech Rivalry

(Bloomberg) -- China strengthened oversight of outbound investment through a new directive, tightening cross-border capital flows as its technology rivalry with the US intensifies.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injured in Iranian Missile Strike on Ku

China tightens overseas investment rules after blocking Meta-Manus deal
Reuters73d agoneutral
China tightens overseas investment rules after blocking Meta-Manus deal

China issued sweeping new rules on Monday tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to ‌unwind its acquisition of AI startup Manus. The rules, published by the State Council, or cabinet, will take effect ‌from July 1. One of the most significant articles requires authorisation for exports of restricted Chinese goods, technologies, services or related data.

AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic
Bloomberg73d agobullish
AI Bubble Debate Gets Real as Chip Stocks Rally Turns Historic

(Bloomberg) -- Chipmakers are by far the hottest stocks in the market, but their recent surge is lending urgency to the debate over whether investors are buying into an artificial-intelligence bubble that’s due to burst.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns

SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners
Bloomberg74d agobearish
SpaceX, OpenAI Windfall Fuels Bets on Next-Wave Asian AI Winners

(Bloomberg) -- The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns Zepbound to Drug

Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports
Reuters75d agoneutral
Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports

Meta Platforms plans to start testing an AI pendant in the next ‌year, as it charts a roadmap for ‌wearable devices in an effort to reverse losses in its ​hardware division, The Information reported on Friday, citing a memo. • Meta declined to comment to Reuters on the report. • The Facebook and Instagram owner plans ‌to significantly expand ⁠its selection of AI glasses and add a business-focused service called "Wearables for Work" ⁠the report said, citing an internal memo by Alex Himel, Meta’s vice president of wearables.

Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
Reuters75d agobearish
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show

A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay ‌the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as ‌terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks ​before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.

Key Themes to Watch at Asia’s Biggest AI Tech Show
Bloomberg75d agoneutral
Key Themes to Watch at Asia’s Biggest AI Tech Show

(Bloomberg) -- Nvidia Corp.’s Jensen Huang leads a parade of AI computing leaders in Taiwan for Asia’s biggest technology showcase, Computex. Over a jam-packed week, the hardware linchpins of the post-ChatGPT era will debate the most pressing issues facing their industry, from growing bottlenecks in the supply of essential components like memory chips to the rise of challengers to Nvidia at the apex of the semiconductor hierarchy.Most Read from BloombergSingapore Hands Byju's Founder His First E

Apollo Shops $36 Billion Debt Deal to Buy Google Chips for Anthropic
Bloomberg76d agobullish
Apollo Shops $36 Billion Debt Deal to Buy Google Chips for Anthropic

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic PBC build out its AI infrastructure. Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekIran’s Khamenei Says No Going Back for Middle East Rocked by WarUS, Iran Agree to 60-Day Truce Renewal Pending Trump SignoffOura Ring 5 Is 40% Smalle

Anthropic nears $1 trillion valuation ahead of its mega-IPO
Yahoo Finance Video76d agoneutralVIDEO
Anthropic nears $1 trillion valuation ahead of its mega-IPO

Yahoo Finance Tech Editor Dan Howley comes on Market Domination to break down the day’s leading tech stories, including private AI developer Anthropic (ANTH.PVT) nearing a $1 trillion valuation after its latest funding round. The company is reportedly targeting a mega-IPO for late 2026.

Anthropic nears $1 trillion valuation ahead of its mega-IPO
Yahoo Finance Video76d agoneutralVIDEO
Anthropic nears $1 trillion valuation ahead of its mega-IPO

Yahoo Finance Tech Editor Dan Howley comes on Market Domination to break down the day’s leading tech stories, including private AI developer Anthropic (ANTH.PVT) nearing a $1 trillion valuation after its latest funding round. The company is reportedly targeting a mega-IPO for late 2026.

Investing.com76d agoneutral
Is Meta’s next growth engine subscriptions?

Investing.com -- Meta Platforms’ major push into subscription services across Instagram, Facebook, WhatsApp and Meta AI, a move that could generate billions of dollars in recurring revenue.

Boston Seizes on California Billionaire Tax to Lure AI Talent
Bloomberg76d agoneutral
Boston Seizes on California Billionaire Tax to Lure AI Talent

(Bloomberg) -- The talent at some of America’s hottest artificial intelligence companies often passes through Boston-area universities before heading west to build billion-dollar businesses in Silicon Valley. Massachusetts business and political leaders say California’s proposed tax on billionaires is an opportunity to change that.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarTwo More Oil Supertanker

Jim Cramer has bold new take on Elon Musk's SpaceX IPO
TheStreet76d agoneutral
Jim Cramer has bold new take on Elon Musk's SpaceX IPO

There is always one IPO that defines a generation of investors. For people who started buying stocks in the 1990s, it was Microsoft (MSFT) and Amazon (AMZN). For millennials, it was Facebook and Tesla (TSLA). Each one arrived with the same problem, a valuation that looked impossible right up until ...

Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign
Bloomberg76d agoneutral
Micron’s Cheap Stock Valuation Seen as a Contrarian Warning Sign

(Bloomberg) -- Micron Technology Inc. is the third-best performer in the S&P 500 Index this year and at the same time one of the least expensive stocks in the market. While that dichotomy looks bullish on the surface, it may be more of a warning sign than a green light for investors.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil S

Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory
Bloomberg76d agoneutral
Nvidia Server Maker Wiwynn Sees AI Bottlenecks Beyond Memory

(Bloomberg) -- Wiwynn Corp., one of the biggest makers of Nvidia Corp. servers, warned of shortages developing in vital data center components beyond just memory chips, potentially slowing or inflating the cost of a global AI infrastructure buildout.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Pu

An Upcoming IPO Could Soon Surpass NVIDIA As The World’s Most Valuable Company (It’s Not SpaceX)
24/7 Wall St.77d agoneutral
An Upcoming IPO Could Soon Surpass NVIDIA As The World’s Most Valuable Company (It’s Not SpaceX)

The biggest IPO conversation right now centers on SpaceX’s reported June 12 listing. Gavin Baker, founder and Chief Investment Officer of Atreides Management, thinks investors are watching the wrong name. On a recent episode of the Invest Like the Best YouTube channel, Baker argued that Anthropic, the private AI lab behind Claude, has a more ... An Upcoming IPO Could Soon Surpass NVIDIA As The World’s Most Valuable Company (It’s Not SpaceX)

Bloomberg77d agoneutral
ByteDance Weighs Capex of as Much as $70 Billion in AI Push

(Bloomberg) -- ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is considering increasing its capital spending to more than double last year’s in a bid to lead the Chinese AI market and challenge the top US players abroad.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Di