BLOOMBERG CORPORATE ACCOUNTABILITY
Miller New Chief of Staff, OpenAI Closes Funding at $1.25T Value
Source: Bloomberg, 4:54
TECHNOLOGY // WIRE
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Neocloud Groq Aims to Double Value to $8 Billion Amid AI Selloff
A top executive at data center operator Groq has kicked off an audacious bid to double its valuation in about three months while slamming rivals in the space for being too reliant on debt markets.
BLOOMBERG CORPORATE ACCOUNTABILITY
AI Selloff Exposes Data Center Boom Risks
The selloff in AI stocks is adding new uncertainty to the massive buildout of data centers across the US. Jolienne Halisky, CFO of AIB Data Centers, says financing for new projects could become more expensive and take longer as lenders…
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AI-Generated Movie Heading Theaters
Artificial intelligence is moving from experimental videos to the big screen. Fable Studio CEO Edward Saatchi says a team of just 30 people spent nine months creating Gods Don’t Give Gifts, an AI-generated animated feature that still…
Stocks rebound after AI selloff that pushed NASDAQ into correction territory
The stock market saw a rebound on Friday after dipping earlier this week amid AI-related concerns after Democrats won the midterms. Laura Sanicola, a senior writer at Barron's, joins CBS News to discuss.
BLOOMBERG CORPORATE ACCOUNTABILITY
Providing Capital to Tech Companies: Masters In Business with Ann Berry
Barry speaks with Ann Berry, founder and managing partner of Threadneedle. They discuss her path from Goldman Sachs M&A and private equity to running a hospitality services company through the pandemic. They also discuss Ann's early-stage…
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Miller New Chief of Staff, OpenAI Ends Funding at $1.25T Value
Source: Bloomberg, 5:48
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Ann Berry on the Importance of Learning AI
Barry speaks with Ann Berry, founder and managing partner of Threadneedle. They discuss her path from Goldman Sachs M&A and private equity to running a hospitality services company through the pandemic. They also discuss Ann's early-stage…
FINANCIAL TIMES CORPORATE ACCOUNTABILITY
US stocks stage tepid recovery after $3.2tn rout fuelled by AI fears
Magnitude of rebound was feeble compared with historic recoveries from severe sell-offs
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Trump Names Miller Chief of Staff as Tech Rebounds
President Donald Trump said he was tapping longtime aide Stephen Miller as his new chief of staff and that Susie Wiles will move to his political operation, shaking up his White House team days after a devastating midterm result. We get…
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Cohere Billionaires Aidan Gomez, Nick Frosst Dismiss AI Doomsday Scenarios
Plus: Job losses for a third straight month
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Big Take: The New AI Trade Is FOGO
Wall Street’s AI rout sent US and then Asian markets tumbling, raising fresh questions about the sustainability of the global AI boom and where the next opportunities lie. (Source: Bloomberg)
THE NEW YORK TIMES — POLITICS POLITICS
China’s Top Spy Agency Recruited Woman Who Targeted Jensen Huang
U.S. intelligence concluded that Alice Huang, a Chinese business executive who developed a close relationship with Nvidia’s leader, was an asset of Beijing’s Ministry of State Security.
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AI’s Wild Week Has Wall Street Hunting for Fresh Escape Routes
Months of unease over Wall Street’s artificial-intelligence boom erupted into a global market convulsion this week, opening a dangerous new chapter for the investment frenzy that has helped power stock prices, corporate spending and…
THE GUARDIAN — WORLD INTERNATIONAL
Three men charged in US with using AI to impersonate CEOs and steal millions
Men allegedly impersonated voices and images of executives to convince employees to send large payments Three foreign nationals were arrested and charged with using AI to allegedly impersonate corporate CEOs and attorneys to steal over…
THE GUARDIAN — WORLD INTERNATIONAL
Several Democrats renew calls for datacenter pauses after blue wave
Tech industry fears delays to its multi-trillion dollar infrastructure buildout meant to power artificial intelligence Several newly elected Democrats and Senator Bernie Sanders have renewed calls for datacenter moratoriums in the days…
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A Punishing AI Selloff Cascades Into Asia
As post-midterms AI anxiety grips global markets, investors are selling first and asking questions later.
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Big Take: In AI Trade, Sell First, Ask Questions Later (Podcast)
Source: Bloomberg, 14:30
Protesters break into Microsoft data centre site in Amsterdam
Data centres face protests across Europe due to the massive amounts of computing power and water they use.
World's tallest women's college basketball player makes her debut for Texas Tech
Stephanie Okechukwu posted 10 rebounds and three blocks in her Texas Tech debut, and the NCAA just granted the 7-foot-1 Nigerian four years.
BLOOMBERG CORPORATE ACCOUNTABILITY
OpenAI Completes $11 Billion Portion of Funding at $1.25 Trillion Value
OpenAI has closed on new funding of roughly $11 billion, the initial part of a round that values the company at $1.25 trillion, according to people familiar with the matter.The funding was wired to the company as of Friday, said the…
As Seen on FOX & Friends: Fun STEAM Toys for National STEAM Day
Celebrate National STEAM Day with these fun and educational toys, teaching physics, math and more concepts in a kid-friendly way, as seen on Shopping With Friends.
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