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Technology stocks plummeted on Thursday as traders assessed the implication of a Democratic sweep in the US midterm elections on cloud data centers. Barry Ritholtz, Founder of Ritholtz Wealth Management and Host of “Masters in Business”…
THE GUARDIAN — WORLD INTERNATIONAL
Share index slumps 5% amid signs AI industry will face tougher regulation after Democrats’ midterm elections success The tech-heavy US Nasdaq share index is on track for its worst day in 18 months after slumping by up to 5% on Thursday…
BLOOMBERG CORPORATE ACCOUNTABILITY
Treasuries rose as a Democratic sweep in the US midterms led to a selloff in shares of large US technology companies, stoking demand for havens. Bloomberg's Ira Jersey joins to discuss. (Source: Bloomberg)
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Apple is finally bringing some of Siri's most ambitious AI capabilities to the iPhone. In this episode of Power On, Bloomberg's Mark Gurman and Vlad Savov break down the major changes coming with iOS 27.3, including Siri's new ability to…
CEO says that consumer tech companies are confused about how exactly AI will come into our lives
LeBron James sent a cease-and-desist letter to Bron AI over unauthorized use of his likeness in a sports betting app ad featuring Dillon Brooks.
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Source: Bloomberg, 0:00
BBC NEWS — TECHNOLOGY TECHNOLOGY
The market has been reacting to possible tougher scrutiny of data centre construction and the AI industry following the US mid-terms
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George Colony, Forrester Research Founder, Chairman & CEO says the AI boom may be entering a new phase. Custom chips could challenge Nvidia's dominance, while value shifts toward software. But the transition won't be smooth: companies must…
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As the cost of capital rises, David N. Miller says private markets still see opportunity, from flexible financing for hard-to-refinance assets to infrastructure beyond the AI boom. He discusses AI's long-term potential, concentration…
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Voters across America have not only come out against data centers, but also presented a challenge to the AI billionaires behind them. Victorious Democrats must now contend with that outcome while ensuring US AI labs remain competitive on…
The S&P 500 slumped to its worst daily decline in more than a year, dragged down by the technology sector as investors fretted about the durability of the A.I. build-out.
THE INTERCEPT NATIONAL SECURITY
Voters fought back against tech oligarchs by supporting candidates and ballot measures that would block water-sucking, heat-spewing data centers. The post Blue Tsunami’s Clearest Takeaway: People Hate Data Centers appeared first on The…
BLOOMBERG CORPORATE ACCOUNTABILITY
The Democratic sweep of Congress and a handful of governor races sent stock prices spiraling for so-called neoclouds. With contests swinging toward candidates promising tougher restrictions on building data centers and other…
Most Americans have qualms about using AI in healthcare for tasks such as diagnosis and treatment, Pew Research poll finds.
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Bernstein Private Wealth Management CIO Alex Chaloff says the selloff in AI stocks is creating buying opportunities in the market. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
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Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers.
BLOOMBERG CORPORATE ACCOUNTABILITY
Treasuries surged as a Democratic sweep in the US midterms led to a selloff in shares of large US technology companies, stoking demand for havens.
Investors worry Democratic control of Congress could bring tougher scrutiny of the data-center industry
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The cost to protect SpaceX debt against default hit a record high Thursday, extending a move sparked by US election results that raised political risks for Elon Musk’s Texas-based companies. Shares in Musk’s SpaceX and Tesla Inc. tumbled…
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Microsoft Corp. helped create the “neocloud” boom, signing tens of billions of dollars in contracts with upstart data center operators in an effort to sate the crushing appetite for its cloud and AI services.
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Drone delivery startup Zipline closed a $1 billion funding round, valuing the company at $20 billion, as it expands its commercial partnership with Walmart in the US. Zipline CEO Keller Rinaudo speaks with Bloomberg’s Ed Ludlow about what…
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Executives at FT’s Future of AI summit admit tech industry has fuelled hostility towards its own expansion
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PSP Growth Managing Director Momei Qu says growing scrutiny of data centers could add costs and slow the AI buildout without derailing long-term demand. “We need to bring the voters along,” Qu says on “Bloomberg Surveillance,” arguing that…
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