Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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Goldman Sachs: Hyperscaler AI Spending Will Continue to Support European Equities
Goldman Sachs' chief equity strategist stated that rising hyperscaler capital expenditure on AI will continue to fuel profit growth in Europe.
MGX from Abu Dhabi Raised $49 Billion for One of AI's Largest Funds Ever
Investment company MGX from Abu Dhabi raised a $49 billion fund for AI deals, joining the ranks of the industry's largest investors.
US Lifts Export Restrictions on Anthropic's Fable 5 AI Model for International Access
The US Commerce Department lifted export restrictions on Anthropic's Fable 5 model, opening the path to broader international distribution.
Luxor Technology: Bitcoin Miners Shift Power to AI Infrastructure
Luxor Technology COO Ethan Vera explained how bitcoin miners convert mining operations into AI data centers and create markets for GPUs.
Taiwan detained Super Micro employees over Nvidia chip smuggling to China
Taiwan's prosecutor detained two Super Micro employees after a search of the local office—in connection with an investigation into alleged shipments of Nvidia chips to China in violation of export restrictions.
Valar Atomics launched nuclear reactor to power Nvidia chip for first time in USA
California startup Valar Atomics reported generating electricity with an advanced nuclear reactor to power an Nvidia AI chip for the first time in the United States.
USA maintains restrictions on foreign access to Anthropic's Mythos 5 model
Trump's administration continues to restrict access by foreign entities to Anthropic's Mythos 5 AI model, even after lifting export restrictions on the company's other models.
Carlyle Group founder David Rubenstein doesn't believe in near-term AI stock bubble collapse
Carlyle Group founder David Rubenstein stated on Bloomberg Surveillance that he does not expect a near-term crash of the AI stock bubble.
ShareChat, Indian competitor to Meta, plans $400M IPO in 2027
India's Mohalla Tech, owner of social network ShareChat and video platform Moj, plans to raise up to $400 million in an IPO in 2027, competing with Meta in the local market.
SpaceX cuts Starlink prices in Memphis amid protests over Musk's data centers
SpaceX offered Starlink subscription discounts to Memphis residents, attempting to soften lawsuits and protests surrounding Elon Musk's data centers in Tennessee and neighboring Mississippi.
Tech stock selloff in US crashed shares of chip makers in Japan and Korea
On July 2, 2026, shares of chip manufacturers in Japan and South Korea fell sharply following a selloff of technology stocks on Wall Street and news of Apple's negotiations with Chinese chip makers.
Apple negotiates to buy Chinese memory chips from ChangXin and Yangtze
Apple is discussing the purchase of memory chips from Chinese manufacturers ChangXin Memory Technologies and Yangtze Memory Technologies to ease the shortage on the global market.
Runway will open offices in London, Tokyo and Paris and invest nearly $300 million
AI company Runway announced global expansion: new offices in London, Tokyo and Paris and nearly $300 million in investments into the company's business and AI research.
AI chip maker Syntiant filed for IPO with Intel support
Syntiant Corp., a developer of energy-efficient chips and software for edge AI, filed for an IPO, counting on investor interest in artificial intelligence.
Somalia supported India in dispute with Meta over WhatsApp usernames due to security threats
Somalia, struggling against Islamist militants for decades, joined India's criticism of WhatsApp's transition to usernames, citing security threats.
US Commerce Department requires Samsung and SK Hynix to increase AI memory chip production
US Commerce Secretary Howard Latnik called on Samsung and SK Hynix to expand memory chip manufacturing in the US amid a shortage of AI components.
Xbox cuts 3,200 employees—roughly 20% of staff—as part of Microsoft restructuring
Microsoft announced 3,200 job cuts in its Xbox division—approximately 20% of staff—as part of a restructuring of its troubled gaming business.
Chipmaker stocks surge as investors bet on continued AI rally
After recent declines, chipmaker stocks have rebounded sharply—investors are snapping up cheaper shares, betting that AI themes have not exhausted market growth potential.
Abu Dhabi's MGX raises $49 billion for one of the world's largest AI-focused funds
Abu Dhabi investment firm MGX, founded in 2024, has raised $49 billion—one of the largest AI-focused funds in history.
UBS: AI demand shows no signs of slowing, bank maintains chip stocks
UBS Wealth Management strategist Hartmut Issel told Bloomberg TV he sees no signs of declining AI demand; the bank maintains its position on chipmaker stocks.
AI startup LinqAlpha from former Goldman Sachs analyst raises $22 million
LinqAlpha, a company in AI investment research, founded by ex-Goldman Sachs analyst, is close to closing Series A round of $22 million. Round investors not yet named.
Data center operator Switch raises $2 billion with Andreessen Horowitz
Switch Inc., a major US data center operator, is launching a private funding round of $2 billion led by venture fund Andreessen Horowitz. Deal details are not yet disclosed.
Ireland's tech sector faces job cuts due to AI
Bloomberg: Ireland's technology sector, tied to American corporations, is experiencing pressure from AI automation — high-tech employment is declining.
OpenAI discusses transferring 5% stake to US government — FT reports
OpenAI has begun preliminary negotiations about transferring a 5% stake in the company to the US government — ChatGPT's developer, according to Financial Times. Final deal terms remain undefined.
Kling AI from China Raised $2 Billion for AI Video Generation Development
Chinese startup Kling AI, spun out from Kuaishou Technology, raised its first funding tranche of $2 billion to expand operations in the AI video field.
Chinese Companies Switch from Nvidia Chips to Domestic AI Accelerators
A survey cited by Bloomberg showed that Chinese companies increasingly replace advanced Nvidia AI chips with domestic alternatives amid trade tensions with the U.S.
Solstice Buys Element Solutions for $14.5B for AI Data Center Cooling Market
Solstice Advanced Materials offered $14.5 billion for Element Solutions to strengthen its position in chip materials and AI data center cooling.
Samsung Electronics' Record Profit Fails to Lift Stock Amid AI Boom
Samsung Electronics shares barely responded to record quarterly profit—investors are trying to gauge how long the cycle of massive AI investments will last.
Netherlands Calls on EU Banks to Pool Purchasing Power Against Big Tech from US
Dutch proposals urge European banks and financial companies to pool purchasing power in negotiations with American tech giants over AI and cloud services.
Samsung Electronics' Profit Surges 19-Fold, but Investors Unmoved
Samsung Electronics' quarterly profit jumped 19 times higher, yet the company's shares did not respond with growth—investors are comparing it to AI chip suppliers.