Bloomberg Tech
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Employees of AI Startup Wayve Sold Shares on New London Exchange Pisces at 10% Discount
Employees of British AI developer Wayve for autonomous vehicles sold their shares on the new London platform Pisces at 10% below the company's latest valuation.
OCBC to Raise Annual Tech and AI Spending to 771 Million Dollars
Singapore-based bank OCBC plans to increase its annual technology budget, including artificial intelligence, to over 1 billion Singapore dollars, according to a bank executive.
Chip Startup Etched Raises $800 Million from Jane Street and TSMC-Linked Venture Tech Alliance
Chip startup Etched has secured 800 million dollars from Jane Street and a TSMC-affiliated company Venture Tech Alliance, aiming to challenge Nvidia in the AI inference chip market.
British Furniture Maker Prepares for Era of AI Bots Buying Sofas
The Cotswold Company faces a new reality: furniture is increasingly being "purchased" not by human buyers, but by AI agents carrying out automatic purchases.
ASML and Chip Equipment Supplier Stocks Rise on Samsung and SK Hynix Investment Plans
ASML and other semiconductor equipment suppliers' shares surged after South Korean Samsung and SK Hynix announced plans to increase semiconductor production investment.
New Amazon Cable Shows Ireland's AI Infrastructure Ambitions—and Vulnerabilities
A transatlantic fiber optic cable from Amazon symbolizes Ireland's technological ambitions—and simultaneously exposes the risks of its weak defense posture.
Anthropic Launches Claude Science—Service for Automating Scientific Research
Anthropic has announced Claude Science—a program for automating routine stages of scientific research, continuing the company's line of industry-specific Claude versions.
Vertiv Opens Malaysia Factory to Power Asia's AI Data Centers Amid Boom
American data center infrastructure provider Vertiv has launched a factory in Malaysia against the backdrop of rapid growth in AI data center construction across Asia.
U.S. Supreme Court to Review Apple's Appeal in App Store Commission Case Against Epic Games
The U.S. Supreme Court has agreed to review Apple's appeal regarding non-compliance with an injunction in the prolonged antitrust dispute with Epic Games over App Store commissions.
Taiwan raids Super Micro Computer offices over suspicion of Nvidia chip shipments to China
Taiwanese authorities searched Super Micro Computer offices, investigating allegations of illegal shipments of Nvidia chips to China, amid record rally in semiconductor stock prices.
Federal Reserve Bank of St. Louis: youth unemployment in the US is driven by job shortage, not AI
The Federal Reserve Bank of St. Louis found that rising youth unemployment in the US is caused by weak labor market hiring, not by lack of AI skills.
IMF warns: AI company debt burden is more dangerous than stock overvaluation
The IMF's financial adviser Tobias Adrian stated that increased debt financing of AI infrastructure creates a greater risk to financial stability than overvalued tech giant stocks.
Bank of England warns: autonomous AI agents can amplify market stress
Bank of England Deputy Governor Sarah Britton stated that autonomous AI agents can amplify volatility during periods of market stress, and did not rule out stricter regulation.
Bain Capital: company leaders misunderstand AI implementation
Managing Partner at Bain Capital David Gross stated that CEOs incorrectly approach AI as a regular technology deployment.
Seagate: Iran Conflict Does Not Threaten AI Supply Chain for Now
A top manager at Seagate Technology told Bloomberg that the Middle East conflict linked to Iran does not in the short term disrupt supplies for the AI industry.
IMF: Time from Software Vulnerability Discovery to Exploitation Is Shrinking — Tobias Adrian
IMF Deputy Director Tobias Adrian told Bloomberg that the cycle from software vulnerability discovery to attacks on it is shrinking and threatens financial stability.
Lee Jae-myung Announces $880 Billion Plan to Turn Southwest Korea into Chip Hub
South Korean President Lee Jae-myung tied his political legacy to an $880 billion plan to create a global chip hub in the southwest of the country, Bloomberg reports.
SAP Reorganizes Product and Engineering for the Second Time in 2026 Amid AI Race
SAP is reshuffling responsibility for products and engineering between top managers—already the second reorganization in 2026 amid the race for enterprise AI.
Bank of England warns autonomous AI agents risk market crash
Sara Breeden, deputy governor of the Bank of England, warned that autonomous AI agents could trigger a market crash and called for stricter regulation.