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Kai-Fu Lee Says China Will Win AI Reach Race
Are Chinese rivals a serious threat to OpenAI and Anthropic? Former Google China chief Kai-Fu Lee explains the business model behind the country's cheaper rivals. (Source: Bloomberg)
Appleโs Ternus era begins as Nvidia bets on the whole AI stack
Itโs officially the Ternus era at Apple. Tim Cook stepped down as CEO this week, handing the company to former hardware chief John Ternus, whose first memo promised a โhuge launch next weekโ โ timing that puts Appleโs next iPhone event on his desk before heโs even settled in. Cook isnโt going far, though: heโs staying on as Executive Chairman, focused on the kind of policy [โฆ]
Anthropicโs $2 trillion IPO puts powerful external trustees in spotlight
Public-market scrutiny will intensify pressure on the Claude makerโs unusual attempt to balance profit and purpose.
Tether: Apple Continuity Like Experience Between iOS and Linux Desktop Machines
Zack Bartel has developed Tether, an open-source project designed to integrate Apple Continuity features with Linux workstations. Tether allows users to send iMessages, sync clipboards, and view iOS notifications directly on Linux. It uses secure local network communication and a custom Bluetooth stack to ensure reliable connectivity and robust security in cross-platform interactions. By Olimpiu Pop
Andreessen-Backed AI Startup Gimlet Is Valued at $3 Billion in New Round
The company, which helps divide AI tasks among different chips, raised $300 million in its latest round
The sameness problem behind those unappetizing AI-generated menus
While restaurant owners might look to generative AI as a shortcut to sprucing up their menu, customers can viscerally sense that something is wrong with the food.
DeepSeek Plans Big Huawei AI Chip Order to Power New Data Center
DeepSeek plans to deploy at least 160,000 of Huawei Technologies Co.โs top accelerators at a massive data center itโs building in Inner Mongolia, which could create one of the largest known clusters of Huawei AI chips and advance Chinaโs efforts to replace Nvidia Corp.
Anthropic Finalizing $15 Billion Pre-IPO Credit Facility
Anthropic PBC is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, ahead of the firm's public filing for its initial public offering. The maker of the Claude chatbot is seeking to raise as much as SpaceX or more in the IPO, people familiar with the preparations said. Morgan Stanley is leading the process, the people said. Bloomberg's Anthony Stephens reports. (Source: Bloomberg)
OpenAIโs Altman Unveils Astra as a New Step Toward AGI | The Close 9/3/2026
Bloomberg Television 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 Barings Head ofMulti-Asset Solutions Trevor Slaven, Ciena President & CEO Gary Smith, Skyworks Chair Chris King, S&P Global Global Head of Quantitative Research and Solutions Daniel Sandberg, OpenAI CEO & Co-Founder Sam Altman, UBS Alignment Partners Managing Director, Wealth Management Alli McCartney, SW Retail Advisors Pre
Shopify Introduces Gisting: Compressing LLM System Prompts into Learned Tokens
Shopify's engineering introduced gisting, a novel technique for compressing long LLM prompts into a smaller set of learned "gist" tokens, improving throughput and reducing inference cost. By Sergio De Simone
OpenAI launches Astra, its powerful (and controversial) new model
OpenAI claims that Astra represents "a new frontier on computer and browser use," and that it handles tasks with unmatched "speed, accuracy, and safety."
Four major AI models suffer rare overlapping downtime
Service interruptions hit ChatGPT, Claude, Grok, and Gemini practically simultaneously.
Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation
Crusoe, a cloud-computing provider and data center developer doing business with OpenAI, Microsoft Corp. and Meta Platforms Inc., has raised over $3 billion in a funding round that values the startup at roughly $30 billion, according to people familiar with the situation.
OpenAI, Anthropic, SpaceXAI Hit by Service Outages for AI Models
OpenAI, Anthropic PBC and SpaceXAI were hit by outages on Thursday, according to user reports and company status pages, disrupting customers of three of the leading US AI model makers.
Why Hugging Face Decided to Combine With Nvidia
Hugging Face co-founder Thomas Wolf discusses the impetus for Nvidia's agreement to acquire the artificial intelligence startup in a transaction valued at about $13 billion. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Nvidia launches free tool that links idle computers into a personal AI data center
Nvidia is announcing its new Personal AI Router (PAIR), a free tool that syncs up your home computers for tackling local AI inference tasks with tools like Ollama and LM Studio. Let's get the obvious thing out of the way, despite what its name might imply: PAIR is not a hardware router. It's open-source software [โฆ]
Nvidia to Acquire AI Platform Hugging Face for $13 Billion
Nvidia Corp. agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion, adding a popular software platform to the chip giantโs AI empire.
ChatGPT, Grok, and Claude all went down at the same time
OpenAI's ChatGPT, xAI's Grok, and Anthropic's Claude are back online after they all began experiencing issues around the same time on Thursday. At about 11AM ET, ChatGPT started returning error messages for users trying to use the chatbot, with its status page saying there were "elevated errors across ChatGPT and Codex." In addition to preventing [โฆ]
Presentation: Instrumentation at Scale: Having Your Performance Cake and Eating It Too
Brian Martin discusses the real-world performance costs of metrics libraries and shares strategies for low-overhead, "fearless" instrumentation. Drawing from his work at IOP Systems, he explores atomic primitives, per-CPU sharding, lock-free histograms, and eBPF integration to help software architects and engineering leaders maintain full system visibility without sacrificing performance. By Brian Martin
Trump to Levy More Chip Tariffs to Boost Manufacturing
The Trump administration is weighing a fresh round of tariffs on imported semiconductors to lure more manufacturing to the US, Commerce Secretary Howard Lutnick has said. Reporting from Semicon in Taiwan, Bloomberg's Stephen Engle says chip-supply-chain companies remain upbeat because AI chip demand is strong in the US. (Source: Bloomberg)
Adam Smithโs Lessons for Investors in the Age of AI
In this episode of Merryn Talks Money, host Merryn Somerset Webb is joined by Bloomberg Senior Reporter John Stepek, Schroders Head of Strategic Research Duncan Lamont and Nelsons Chairman and Creative Scotland Chair Robert Wilson for a special roundtable recorded at Panmure House during the Edinburgh Fringe Festival. Marking 250 years since the publication of The Wealth of Nations, they ask what Adam Smith can teach the world about artificial intelligence, government intervention and investing.
Broadcom Forecasts Boom in AI Chip Sales
Broadcom predicted a surge in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidiaโs dominance in the lucrative market. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. Bloomberg Intelligence analyst Matt Bloxham has the details. (Source: Bloomberg)
Cohereโs Parse 5 Promises Efficient Multi-Modal Information Extraction From Complex Documents
Cohere has launched Parse 5, a multimodal foundation model designed to extract structured data from complex enterprise documents. The 2.3-billion-parameter system converts visually rich PDFs into Markdown while providing bounding box coordinates for visual grounding. It has been evaluated against over 2,000 enterprise pages, achieving an average score of 79.2 in key performance areas. By Olimpiu Pop
OpenAIโs new reasoning technique alarms AI safety experts
OpenAIโs new Astra model will use โrecurrent depth,โ a technique that allows the model to operate outside of the sequential thinking that characterizes most reasoning models.
TechCrunch Disrupt 2026โs new Real World AI Stage features Nvidia, robots, and extinct animals
On our new Real World AI stage, weโll be focusing on the intersection between the digital and physical, and all the ways weโll continue to see a blending of the two.
Broadcom Predicts Surge in AI Chip Sales Over Next Two Years
Broadcom Inc. predicted a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.โs dominance in the lucrative market.
Google says its new Gemini 3.8 Flash model โworks harderโ but might cost more
Google launched Gemini 3.8 Flash, arriving just a few weeks after its predecessor. The company claims the new model "works harder" than Gemini 3.7 Flash by performing more reasoning steps on complex tasks and "calling tools iteratively." It has the same introductory pricing as 3.7 Flash, $0.75 per million input tokens and $3.75 per million [โฆ]
Google releases Gemini 3.8 Flash, its third Flash model in six weeks
Google's Pro model updates are seemingly paused, but there's yet another Gemini Flash today.
The Trump administration is supporting OpenAI in the NYT copyright lawsuit
The Trump administration has intervened in The New York Times' copyright lawsuit against OpenAI, making an argument in favor of the AI lab. The landmark lawsuit, filed in December 2023, alleging that OpenAI unlawfully trained its AI systems on articles from The New York Times and seeks to recoup "billions of dollars" in damages from [โฆ]