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The International Monetary Fund said global growth should pick up next year with a boost from AI investment, but warned the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build. (Source: Bloomberg)
Anthropic PBC is looking to invest in data centers in Australia as the artificial intelligence company scales up its capacity build-out across the world.
India’s top food regulator is preparing tighter rules for quick delivery online platforms, including Blinkit, Swiggy Ltd.’s Instamart and Amazon Now, as it intensifies a nationwide crackdown on unsafe practices across the world’s largest consumer market.
Tencent Holdings Ltd. began marketing dollar and offshore yuan bonds in an offering that could raise around $5 billion to support its escalating investments in artificial intelligence.
Meta Platforms released a new artificial intelligence model called Muse Wonder, which the company claims is a big leap over its predecessors. Riley Griffin has more on "The Asia Trade." (Source: Bloomberg)
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are RockCreek CEO & Founder Afsaneh Beschloss, Barclays Multi-Sector Aerospace & Defense Analyst Anthony Valentini, Former Fed Governor…
Willy Lee, Principal at Neostellar, says attention on Anthropic’s potential IPO risks obscuring broader AI investment and adoption. He cited nearly $200 billion in U.S. venture capital deployed in the first half of the year—more than 74% of the prior year’s estimated total.
Anthony Valentini of Barclays says aerospace and defense is at an inflection point: newer, high-growth companies using commercial business models should be evaluated differently from traditional contractors and could achieve higher margins at scale.
A web of circular investments is powering the AI boom, but it’s also amplifying global imbalances and stirring echoes of the 2008 financial crisis. Bloomberg's Shawn Donnan joins David Gura on the Big Take podcast to explain. (Source: Bloomberg)
Applied Materials Inc. expects to double revenue over the next few years, without a commensurate rise in hiring, because it’s relying more on artificial intelligence tools for things like product development and quality control.
Meta Platforms, parent company of Facebook, has released a long-awaited artificial intelligence model called Muse Wonder. This model is said to be competitive with OpenAI's ChatGPT and Anthropic's Claude. Meta stock rose on the news. Mandeep Singh of Bloomberg Intelligence has more.
Stephanie Guild, CIO at Robinhood Markets, said rising bond yields have not yet diminished equities’ appeal. She attributed the increase in yields largely to strong capital spending demand and growth, rather than inflation alone, noting that some areas—particularly consumers—have not seen…
Tesla's Cybercab will make its first appearance in Europe at the Paris Motor Show this week. Elon Musk is trying to expand the company's footprint outside of the US. Bloomberg's Detroit Bureau Chief David Welch reports on Musk's ambitions and challenges. (Source: Bloomberg)
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Roughly $750 billion. That’s how much Meta Platforms Inc., Amazon.com Inc., Microsoft Corp. and Google owner Alphabet Inc. are expected to devote to capital expenditures this year alone. That’s more than the entire gross domestic product of Ireland or Belgium.
For the past few years, the largest US technology companies have been in a costly race to develop advanced artificial intelligence systems while at the same time providing computing power to a burgeoning field of startups.
The Muse Wonder model will be a key test for Meta’s expensive and rebuilt superintelligence team.
OpenAI announced it would add new jobs in Dublin, a further sign of rapid growth at the ChatGPT-maker’s European headquarters.
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