Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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Big Tech Doubles Debt to $350 Billion for AI Infrastructure Spending
The largest developers of AI data centers have doubled their debt over five years to $350 billion, financing unprecedented spending on artificial intelligence development.
Sovereign AI: USA explores government stakes in OpenAI
Washington is considering direct government participation in the AI industry — possibly through investments in OpenAI to guarantee national technological independence.
SK Hynix IPO in the US: memory as a bottleneck in AI infrastructure
SK Hynix debuted on Nasdaq via American depositary receipts above its IPO price amid a global supercycle in demand for memory for AI data centers.
SK Hynix raises $26.5 billion in the largest foreign company IPO
SK Hynix carried out the largest IPO by a foreign company in US history, raising a record $26.5 billion. The chairman of SK Group discussed the role of AI-driven demand in expanding memory production.
US eases restrictions: UAE to gain access to AI chips
The Trump administration has authorized shipments of advanced semiconductors and satellites to the United Arab Emirates, opening the market for high-tech components in the region.
Pelgo chief urges governments to support workers amid AI's impact
AI could transform the jobs of nearly 80 million people in Southeast Asia, but mass layoffs have yet to emerge, the ILO says; Pelgo's chief urges governments to take more active steps.
Jones Day: AI accelerates record M&A boom, but company valuations have reached dangerous levels
AI, free capital, and soft regulation fuel record M&A deals, but Jones Day partner Robert Profusek warns of unprecedented valuations for AI companies.
xAI and Cursor released Grok for finance, legal, and programming tasks
Elon Musk's xAI, together with Cursor, released a specialized Grok for financial, legal, and programming tasks — competing with Anthropic and OpenAI for the enterprise market.
Bank of America grants OpenAI a $520 million credit line after an initial rejection
Bank of America has granted OpenAI a $520 million credit line after previously rejecting a similar request from the company — a reversal reflecting banks’ growing interest in financing AI giants.
Chinese developer Zhipu plans $4 billion follow-on share offering after 1,500% stock surge
Zhipu plans a $4 billion secondary offering on the Hong Kong Stock Exchange: since the Chinese AI developer’s January 2026 IPO, its shares have risen nearly 15-fold.
Douglas Elliman bets on AI to move beyond real estate deals
U.S. luxury real estate broker Douglas Elliman has announced a strategic bet on AI: the company plans to expand its business far beyond traditional commissions from home sales.
Temasek expands portfolio to $401 billion — AI investments become key driver
Singapore's state fund Temasek Holdings reached S$518 billion ($401 billion) at the end of the financial year, betting on AI and markets in North and South America.
OpenAI opens global access to its most advanced model after limited preview
On July 9, 2026, OpenAI opens full global access to its most powerful AI model — previously, it was available only in a limited preview.
Mistral AI introduced a navigation model for robots and is expanding into physical AI
The French startup Mistral AI introduced a navigation model for robotics, expanding its presence in physical AI after signing deals with major European industrial clients.
Crypto venture fund Paradigm raises $1.2 billion to bet on AI and robotics
Crypto-focused fund Paradigm has raised $1.2 billion and officially expanded its mandate beyond blockchain for the first time — AI and robotics are now priorities.
Citi analyst calls infrastructure software the top bet in the AI trade era
Fatima Boolani of Citi explained to Bloomberg why infrastructure software remains investors' top bet amid the tech-sector correction and the ongoing AI trade.
AI chip startup SambaNova Systems raises $1 billion at an $11 billion valuation
AI chipmaker SambaNova Systems has closed a $1 billion funding round at an $11 billion valuation as investors bet on long-term growth in demand for specialized AI infrastructure.
Tencent develops AI agent Xiaowei for WeChat's billion users
Tencent is building a prototype of the AI agent Xiaowei, which is expected to autonomously handle everyday tasks for users in WeChat's ecosystem of millions of apps.
Chinese chipmaker Iluvatar CoreX plans to raise $800 million in Hong Kong
The Shanghai-based AI chipmaker is considering a follow-on offering in Hong Kong of no less than $800 million — its shares have risen 428% since its IPO in January 2026.
Meta released an AI image generation model for its chatbot and Instagram
Meta unveiled its first AI image generation model in a year—the result of a multibillion-dollar restructuring of the lab under new AI chief Alexander Wang. *Meta is recognized as an extremist organization and banned in
Chinese chipmaker Iluvatar CoreX to raise $850M in Hong Kong after stock surge
Shanghai-based AI chip manufacturer Iluvatar CoreX plans to raise approximately $850M through a secondary stock offering in Hong Kong — share prices have surged significantly since its IPO in January 2026.
Amazon issues $25 billion in bonds to finance AI infrastructure
Amazon is raising at least $25 billion through a dollar-denominated bond issue — another major step in financing artificial intelligence infrastructure.
Samsung disappoints market, Amazon raises $25 billion for AI infrastructure
A sell-off of AI chipmaker stocks gripped global markets on July 7, 2026: Samsung's record profit failed to satisfy investors, while Amazon attracts $25 billion in bonds for AI.
Anthropic signed a 20-year lease agreement with TeraWulf to build an AI campus in Kentucky
Anthropic and TeraWulf entered a 20-year agreement to build a dedicated computing campus in Kentucky — TeraWulf's CEO called the deal a strong sign of confidence in the company's strategy.
DeepSeek develops its own AI chip for its neural networks — Reuters
Chinese startup DeepSeek is designing proprietary semiconductor chips for AI systems — a strategic response to U.S. sanctions against Nvidia accelerators.
Samsung disappoints AI expectations — chipmaker stocks slide worldwide
Samsung Electronics disappointed investors with quarterly results that failed to meet inflated AI expectations, triggering a fresh wave of weakness in tech stocks and pressure on chipmakers globally.
Amazon raises at least $25 billion for AI infrastructure through bond issuance
Amazon plans to place US dollar bonds totaling at least $25 billion — a major step to finance investments in AI infrastructure to compete in the cloud market.
Chip Maker Stocks Fall Amid Concerns Over AI Investment ROI
On July 7, 2026, a semiconductor sector selloff dragged down the U.S. market as investors grew skeptical that massive AI investments would justify chip makers' inflated valuations.
Samsung increases profit 19-fold on surge of frenzied AI memory demand
Samsung Electronics' quarterly profit surged 19-fold and exceeded already inflated analyst forecasts — the manufacturer is reaping the fruits of explosive demand from AI data centers.
AI startup Norm AI raised $120M and reached $1.2B valuation for legal services automation
AI startup Norm AI closed a round at $120M with a $1.2B valuation—the company automates legal services and seeks to change the outdated hourly billing model in the legal industry.