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JPMorgan's Dimon Sees Benefits From AI, Warns of Risks
JPMorgan Chase Chairman and CEO Jamie Dimon discusses the benefits and risks of artificial intelligence in the banking industry during an event at the Economic Club of Chicago. (Source: Bloomberg)
Anthropic Revenue Hits $16.8 Billion in Quarter Before IPO
Anthropic PBC told prospective investors its third-quarter revenue hit $16.8 billion, according to people familiar with the matter, as the artificial intelligence company pushes ahead with plans to go public.
Eight states sue OpenAI, saying ChatGPT isnโt safe for kids
OpenAI is facing a new wave of lawsuits from eight US states that accuse the company of harming children and misleading customers about the safety of ChatGPT, as reported earlier by Reuters. The lawsuits, filed separately by Iowa, Kansas, Nebraska, West Virginia, Arkansas, Arizona, Idaho, and Montana, allege OpenAI unlawfully put profits over safety when [โฆ]
Nvidia, Anthropic Weigh In On AI Safeguards
Nvidia CEO Jensen Huang said he would halt the supply of chips to a customer that was developing unsafe AI software, though he doesnโt believe that the current level of concern about the technology is warranted. AI executives such as Anthropic CEO Dario Amodei have proposed an industrywide slowdown to address the concerns. Meantime, Anthropic held an investor day Wednesday as it advances plans for a potential IPO at an approximately $2 trillion valuation, amid growing concerns about AI safety an
OpenAI, Google pushing new AI models easily tricked into making nudes, researchers say
Attack method exposes flaws in OpenAI, Google safeguards against AI nudes.
OpenAI claims an ex-employee took its product plans and presented them to Apple
OpenAI claims a former employee took more than 100 files related to its product plans before joining Apple. In a document filed on Wednesday, OpenAI accuses the unnamed employee of sending this information to a personal account and then presenting it to Apple leadership, including the vice president of the company's operations in Asia. The [โฆ]
AI Boom Drives ASML Higher as Nvidia Bets on Europe
Bloombergโs Ed Ludlow breaks down ASML's earnings after the company raised its sales forecast for 2026 and said it aims to increase production of its chip-making machines to keep up with soaring AI spending. Plus, Nvidia CEO Jensen Huang announces plans to invest an additional $2 billion in European deals. And, an inside look at the making of Grand Theft Auto VI, expected to be the biggest video game blockbuster of all time. (Source: Bloomberg)
Nvidia CEO Says He Would Cut Off Customers Who Build Unsafe AI
Nvidia Corp. Chief Executive Officer Jensen Huang said he would halt the supply of chips to a customer that was developing unsafe AI software, though he doesnโt believe that the current level of concern about the technology is warranted.
Apple, OpenAI Head to Court in Fight Over AI Trade Secrets
Apple Inc. and OpenAI are heading to court for the first high-stakes hearing in the iPhone makerโs lawsuit accusing the artificial intelligence company of scheming to steal proprietary information about upcoming products.
Anthropic Executive Says Open-Source AI Models Are Higher Risk
Anthropic PBCโs top sales executive outside the US argued that open alternatives to its AI models carry โmore riskโ of cybersecurity incidents or other dangers.
Singaporeโs PDG Seeks $1.2 Billion Loan for Malaysia Data Center
Asian data center operator Princeton Digital Group Ltd. is seeking a syndicated loan of up to $1.2 billion to fund its Malaysia buildout, according to a person familiar with the matter, as the debt binge to finance artificial intelligence infrastructure continues.
ASML Raises Full-Year Sales Outlook
ASML upgraded the low end of its 2026 sales forecast as increasing artificial intelligence spending boosts demand for the Dutch companyโs chip-making machines. The firm projected annual sales of between โฌ44 billion ($49 billion) and โฌ45 billion this year. ASML's outlook offers an indication of investment plans by chipmakers like TSMC, Samsung Electronics and Intel. Bloomberg's Tom Mackenzie reports. (Source: Bloomberg)
MAIA: Interview of Guillaume Princen on Anthropicโs AI Strategy
In an interview on October 14, 2026, Anthropicโs Head of International Startups & Digital Native, Guillaume Princen, discussed how startups and major firms are adopting Anthropicโs AI, including Claude tools, to boost employee productivity, overhaul processes, and build new products. He highlighted growing demand for frontier models like Opus 5.5, now about 40% cheaper than its predecessor, and a shift toward using different models for specific tasks across the 5.5 family. Princen emphasized Ant
Ark's Wood Favors Nvidia, AMD in 'Volatile' Chip Cycle
Cathie Wood, founder, CEO and CIO of Ark Investment Management, discusses why she avoids traditional memory-chip players, saying the business cycle is "most volatile." Speaking on Bloomberg Television, Wood adds that we are "just at the beginning" of the artificial intelligence revolution. "In terms of our semiconductor exposure, [we] tend to be at the less-cyclical end of the spectrum," she adds. (Source: Bloomberg)
OpenAI employee arrested for allegedly planting a bug in a conference room
An OpenAI engineer was arrested after the company said it discovered a "sophisticated recording device" hidden in one of its offices. The employee was identified as Abdulrahman Alfozan, a 35-year-old Saudi national. Alfozan is charged with using or endeavoring to use a device to intercept oral communications, according to a press release from the Department [โฆ]
Vista Equity CEO Smith on Growth of AI, Agentic Software
Robert F. Smith, Vista Equity Partners founder, chairman and CEO, talks about the growth of artificial intelligence, agentic software and the importance of learning how to use an AI agent. He speaks to Dani Burger at CAIS in Beverly Hills, California. (Source: Bloomberg)
Judge orders OpenAI to turn over hiring records in Apple trade secrets case
A federal judge ruled that Apple can access OpenAI's interview materials involving former Apple employees, as well as private messages and testimony from key figures in the case.
OpenAI Says Staffer Arrested for Hidden Recording Device in Office
An employee at OpenAI was arrested and charged with using a hidden recording device in one of the companyโs San Francisco offices, according to statements from the artificial intelligence company and the US Justice Department.
Anthropic Asks Appeals Court to Rehear Fight Over Security Risk
Anthropic PBC urged the federal appeals court in Washington to revisit its decision upholding the Trump administrationโs designation of the artificial intelligence company as a supply-chain risk to US national security.
DLSS 5 gets toned down for its Hogwarts Legacy debut next month
When Nvidia originally showed off DLSS 5 earlier this year, the technology immediately got branded as gen AI for video games. To gamers, Nvidia had lost the plot. I personally couldn't get over how faces were transformed using DLSS 5. The 15-year-old student from Hogwarts Legacy suddenly looked much older, and Grace from Resident Evil [โฆ]
Epic shifts to โAI-accelerated developmentโ for upcoming Disney game
Epic Games plans to use AI to generate code and art for an unannounced Disney game, which is now delayed from its original March release window, according to a report from Bloomberg. The project's developers have been given an "AI-first" mandate directing them to use tools like Anthropic's Claude more to finish the game. According [โฆ]
Google finally releases Gemini 4 Argon
After months sitting on the sidelines of the frontier AI race, Google has finally launched its long-awaited Gemini 4 Argon model, claiming it can compete with the best the industry has to offer. Google says Argon delivers "frontier reasoning and improved performance across complex workflows," while cutting down on hedging, repetition, and the cliches that [โฆ]
Metaโs Muse Wonder Takes Aim at OpenAI, Anthropic
Meta says its new Muse Wonder model has frontier-level capabilities, marking a major milestone in the companyโs AI overhaul under chief AI officer Alexandr Wang. Bloombergโs Riley Griffin spoke to him, and joins to discuss how Meta is positioning the model against rivals including OpenAI and Anthropic and how it was purpose-built to power the companyโs Muse personal AI assistant. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Chip Selloff Spreads Globally, Apple Makes Smart Home Push
Bloombergโs Ed Ludlow breaks down the accelerating chip selloff as pressure spreads from Asia to the US. Plus, Apple releases a new line of smart home devices including its HomeView Hub, the centerpiece of its push to challenge Amazon and Google in that space. And, Meta releases a new AI model which it says has "frontier capabilities" as it vies to take on OpenAI and Anthropic. (Source: Bloomberg)
In Full: Blackstone's Gray on India's Modi, AI Buildout
Blackstone President Jonathan Gray discusses the firm's investments in India, his views on Prime Minister Narendra Modi and why he's confident about the artificial intelligence infrastructure buildout. "We think focusing on the AI infrastructure here in India and around the world is the right place to be," Gray says in an interview with Yvonne Man on the sidelines of the Bloomberg New Economy Forum in New Delhi. (Source: Bloomberg)
Raimondo Warns Against Going It Alone in Global AI Race
Former Secretary of Commerce Gina Raimondo on Tuesday warned against countries taking an isolationist approach to artificial intelligence, saying governments and companies need to work together to manage the technologyโs economic and security risks.
Alibaba Unveils $450 AI Glasses in Expanding Push Into Gadgets
Alibaba Group Holding Ltd. on Tuesday unveiled the new generation of its smart glasses, deepening its foray into consumer electronics as an extension of its artificial intelligence strategy.
Hobbs Sees Europe as a Possible Haven as Chips Slump
William Hobbs, chief investment officer at Brooks Macdonald, discusses the artificial intelligence trade as a global selloff in chipmakers extended for another day. He tells Bloomberg Television that European markets could offer a safe haven for investors. "You've got to be building positions during the next few years in order to build resilience," Hobbs says. (Source: Bloomberg)
Orbital Data Centers Risk Becoming Military Targets in Space
Orbital data centers chasing unlimited solar power and boundless real estate increase the risk of potentially catastrophic conflict in space โ just as militaries worldwide embrace artificial intelligence and see computing facilities as critical infrastructure.