Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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ElevenLabs discusses tender offer at $22 billion company valuation
AI startup ElevenLabs is conducting preliminary negotiations on a tender offer that will allow employees to sell shares at a company valuation of around $22 billion.
Chinese cinemas to be allowed to open karaoke zones, cafes, and AI services
Chinese authorities published recommendations allowing cinemas to integrate AI agents, karaoke zones, and cafes — to bring audiences back to theaters amid the streaming era.
Uber Fires Two Top Executives From Data Labeling Division for AI
Uber fired two technical heads of its AI data labeling division—a business line the company positioned as a key growth driver.
Meta is building a cloud business to sell AI computing power, competing with Amazon and Google
Meta is developing its own cloud platform to sell AI computing and provide access to models to third-party customers, directly competing with Amazon Web Services, Microsoft Azure, and Google Cloud.
National Grid invests $1.75 billion in American AI-energy company Jouleant
National Grid announced a $1.75 billion investment in American company Jouleant — betting on explosive growth in electricity consumption by AI data centers.
Meta Creates Cloud Business to Sell AI Capacity, Fable 5 Enters Global Market
Meta is preparing to sell its AI computing capacity and model access to third-party companies, competing with AWS and Azure; simultaneously, the US removed restrictions on Anthropic's Fable 5 for foreign clients.
Wall Street Researchers: AI in Hedge Funds Creates New Systemic Risks
New academic papers raise a sharp question: when hundreds of hedge funds use identical AI algorithms, the market risks synchronized cascading failure.
Hon Hai reports 40% sales growth: Nvidia's server assembler thrives on AI demand
Taiwan's Hon Hai (Foxconn group), Nvidia's main server assembler, recorded quarterly sales growth of 40% above expectations — the company says AI demand continues to rise.
Startup Twelve Labs raises $100M from Amazon and NEA for AI video search
Twelve Labs raises $100M from Amazon, NEA and Naver Ventures to scale AI capable of quickly searching and analyzing large volumes of video content.
Oracle officially admits: AI data center investment may not pay off
Oracle has openly warned investors: massive investments in AI data center construction carry real risk of non-recoupment — the first major signal of limits to the AI infrastructure boom.
Wayve Technologies becomes first to launch on London Stock Exchange's new private market
British autonomous driving software developer Wayve Technologies filed an application to sell shares on LSE's new Private Securities Market — first among major companies.
Finance and technology lose 28,000 jobs monthly due to AI implementation
Bloomberg has documented the first sustained wave of AI-driven layoffs: the finance and technology sectors lose 28,000 jobs monthly — companies stop replacing departing employees.
Meta considers launching cloud business to monetize AI infrastructure
Meta is internally discussing creating a cloud service to sell AI computing power to external customers — the company is seeking ways to monetize years of investment in data centers and chips.
Google and Idris Elba Finance Access to AI Tools for African Authors
Alphabet (Google) and British actor Idris Elba announced funding for access to AI tools for African content creators.
Tech and Finance Lose 28,000 Jobs Monthly: AI Leaves Its Mark on Employment Statistics
In the U.S. tech and finance sectors, 28,000 jobs disappear monthly — Bloomberg first recorded sustained AI impact on employment data.
AI Debt Boom Accelerates U.S. Private Bond Market — Bloomberg Analysts
AI companies are increasingly raising debt financing through private bonds, creating a new class of borrowers and income-generating instruments for institutional investors.
Nissan Chief on Tariffs, US Manufacturing, and the Future of Autonomous Driving
Ivan Espinosa told Bloomberg how 25% US tariffs are hurting sales of Mexico-made Nissans and why the company is ramping up production in America.
EQT: AI divides the software market into winners and losers
EQT co-head of private capital Erik Liu told Bloomberg how AI is creating a growing gap between strong and weak players in the software sector — and how PE funds are adapting their strategies.
Trump Administration Lifts Export Restrictions on Anthropic's Fable 5
The White House opened foreign access to Fable 5 — Anthropic's flagship model — after the company met government security requirements.
Nvidia offers startups GPU credits in exchange for a share of future revenue
Nvidia is launching a revenue-sharing program: developers receive token credits for the company's GPU hardware in exchange for a share of future revenue from their products.
Musk ally Gracias seeks AI and energy investments after $100 billion from SpaceX
Antonio Gracias, a longtime SpaceX board member, is planning new bets in AI, energy, and space — after investments in the company brought his fund nearly $100 billion.
ByteDance is building the largest data center outside China in Brazil for $39 billion
ByteDance is investing $39 billion in a data center cluster in Brazil — the largest outside China and the result of Lula's policy of attracting Chinese capital.
SAP SE limits hiring and travel to fund major AI investments
Europe’s largest software company, SAP SE, is restricting hiring and business travel to redirect resources to AI development and counter a new generation of competitors.
Hong Kong’s $13 billion ETF has started moving SK Hynix shares on its own — the AI memory market leader
A Hong Kong leveraged ETF tied to SK Hynix shares has grown to $13 billion and is now moving the stock price of the company itself — the largest supplier of HBM memory for AI accelerators.
Developers rethink apps for new users — AI agents
When an app's user becomes an AI agent, everything changes: pricing, permissions, and design — developers are already reshaping products for machine users.
Bloomberg covers Middle East and Africa markets live daily from Dubai
Bloomberg hosts a daily live broadcast from Dubai covering Middle East and Africa markets: financial analysis, key interviews, and events for audiences in the UAE, Hong Kong, and London.
Chip stock selloff spreads to South Korea as investors question AI rally
The KOSPI index fell on July 2, 2026, tracking global markets as a wave of semiconductor stock selloffs extended to Asia, reigniting debate over whether the months-long AI stock rally has overheated.
Lombard Odier Advises Market-Weight Tech, Points to Opportunities Beyond AI
Lombard Odier EMEA CIO Nanette Heckler-Faid'Erb recommends a neutral stance on technology to investors and points to opportunities beyond AI and semiconductors.
SK Hynix Leveraged ETF Has Grown So Large It's Shaking the Entire South Korean Market
Analysts warn: a leveraged fund tied to chip maker SK Hynix's shares has become so large that it amplifies fluctuations across the entire Kospi index.
SoftBank launches AI cloud business in the USA: plans for 10 gigawatt capacity
SoftBank Group and its telecom division will begin leasing AI computing resources to American companies in the next fiscal year, leveraging a portfolio of data centers with 10 gigawatt potential.