Japanese government-backed startup Rapidus Corp. has fallen behind schedule on its high-stakes pledge to mass produce cutting-edge chips by March 2028 and may no longer be able to make that deadline.
Soon, James Gunn and Peter Safran will no longer head up Skydance's DC Studios. After taking the helm of DC Studios as co-CEOs in 2022, Gunn and Safran are being replaced by former Marvel SVP of Production and Development Jeremy Latcham, Deadline reports. However, Gunn and Safran will "continue to produce on various DC projects" […]
On Bloomberg This Weekend, Bloomberg News Markets producer Anthony Stephens says Asian investors are assessing the fallout from the AI selloff as hedge funds cut exposure and uncertainty grows over US data-center policy. Speaking with hosts David Gura and Christina Ruffini, Stephens explains why the timing of AI infrastructure investment could determine the next winners and losers across technology markets. (Source: Bloomberg)
On Bloomberg This Weekend, Yorkville Ives & Co. partner Dan Ives and Bloomberg US equities reporter Natalia Kniazhevich examine the sharp post-election technology selloff, as investors weigh political resistance to data centers, AI spending and the outlook for Anthropic's IPO. They tell hosts David Gura and Christina Ruffini that the election could slow the AI buildout and reshape winners and losers across tech, even as Ives argues the long-term AI investment cycle remains intact. (Source: Bloomberg)
Opposition to data centers was part of midterm races across the U.S., with campaigns featuring them in hundreds of millions of dollars' worth of TV ads and many winners pledging to clamp down on the energy-hungry behemoths
Revolution Asset Management Managing Director and Chief Investment Office Bob Sahota discussed his firm’s conservative approach to private credit, emphasizing cash-flow based lending. He also discussed why the firm isn't betting on data centers or picking AI winners, on the sidelines of the Sohn Hearts & Minds Conference in Queenstown, New Zealand. (Source: Bloomberg)
The developer of power infrastructure for Oracle Corp.’s New Mexico data center agreed to delay a deadline for action on a key air permit, giving state environmental regulators more time to review it rather than deny the application.
Cramer said a new group of technology stocks may be emerging as market leaders.
Dan Ives, partner and senior managing director at Yorkville Ives & Co., discusses concerns about Anthropic’s upcoming IPO. He examines capital raised by hyperscalers, calling it the “start of winners and losers” in the AI trade and says chip stocks have about another 10% - 12% to fall. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
A new essay called "The Commanding Heights" argues that as artificial intelligence becomes cheaper and more widely available, the biggest economic gains will ultimately flow to the companies best at diffusing AI into the real world. Will Manidis, co-author of the essay and SVP of Veradigm AI, discusses what he sees as the market’s mispricing of AI’s benefits and why the creators of the technology aren't always its biggest winners. Manidis joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
