Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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Tech and Finance Lose 28,000 Jobs Monthly: AI Leaves Its Mark on Employment Statistics
In the U.S. tech and finance sectors, 28,000 jobs disappear monthly — Bloomberg first recorded sustained AI impact on employment data.
AI Debt Boom Accelerates U.S. Private Bond Market — Bloomberg Analysts
AI companies are increasingly raising debt financing through private bonds, creating a new class of borrowers and income-generating instruments for institutional investors.
Nissan Chief on Tariffs, US Manufacturing, and the Future of Autonomous Driving
Ivan Espinosa told Bloomberg how 25% US tariffs are hurting sales of Mexico-made Nissans and why the company is ramping up production in America.
EQT: AI divides the software market into winners and losers
EQT co-head of private capital Erik Liu told Bloomberg how AI is creating a growing gap between strong and weak players in the software sector — and how PE funds are adapting their strategies.
Trump Administration Lifts Export Restrictions on Anthropic's Fable 5
The White House opened foreign access to Fable 5 — Anthropic's flagship model — after the company met government security requirements.
Nvidia offers startups GPU credits in exchange for a share of future revenue
Nvidia is launching a revenue-sharing program: developers receive token credits for the company's GPU hardware in exchange for a share of future revenue from their products.
Musk ally Gracias seeks AI and energy investments after $100 billion from SpaceX
Antonio Gracias, a longtime SpaceX board member, is planning new bets in AI, energy, and space — after investments in the company brought his fund nearly $100 billion.
ByteDance is building the largest data center outside China in Brazil for $39 billion
ByteDance is investing $39 billion in a data center cluster in Brazil — the largest outside China and the result of Lula's policy of attracting Chinese capital.
SAP SE limits hiring and travel to fund major AI investments
Europe’s largest software company, SAP SE, is restricting hiring and business travel to redirect resources to AI development and counter a new generation of competitors.
Hong Kong’s $13 billion ETF has started moving SK Hynix shares on its own — the AI memory market leader
A Hong Kong leveraged ETF tied to SK Hynix shares has grown to $13 billion and is now moving the stock price of the company itself — the largest supplier of HBM memory for AI accelerators.
Developers rethink apps for new users — AI agents
When an app's user becomes an AI agent, everything changes: pricing, permissions, and design — developers are already reshaping products for machine users.
Bloomberg covers Middle East and Africa markets live daily from Dubai
Bloomberg hosts a daily live broadcast from Dubai covering Middle East and Africa markets: financial analysis, key interviews, and events for audiences in the UAE, Hong Kong, and London.
Chip stock selloff spreads to South Korea as investors question AI rally
The KOSPI index fell on July 2, 2026, tracking global markets as a wave of semiconductor stock selloffs extended to Asia, reigniting debate over whether the months-long AI stock rally has overheated.
AI and Investing: When to Stop Buying AI Stocks
Nannette Hechler-Fayd'herbe, EMEA CIO at Lombard Odier, recommends a neutral stance on tech and points to opportunities beyond AI and semiconductors.
SK Hynix Leveraged ETF Has Grown So Large It's Shaking the Entire South Korean Market
Analysts warn: a leveraged fund tied to chip maker SK Hynix's shares has become so large that it amplifies fluctuations across the entire Kospi index.
SoftBank launches AI cloud business in the USA: plans for 10 gigawatt capacity
SoftBank Group and its telecom division will begin leasing AI computing resources to American companies in the next fiscal year, leveraging a portfolio of data centers with 10 gigawatt potential.
EU Court Confirms €4.1 Billion Google Fine for Android Abuse
The EU's highest court has definitively upheld an antitrust fine of €4.1 billion against Google — after eight years, the company has failed to overturn the decision.
Product war in South Africa: Retailers shift from search to AI-powered customer dialogue
South Africa's online retail enters a new phase — competition is shifting from delivery speed to AI assistants that make the shopping process itself nearly invisible.
Bernard Arnault Donates €50M to Mathematics Institute, Calls It the Key to the AI Era
LVMH chief Bernard Arnault announced a record €50M contribution to establish a mathematics research institute at his alma mater, calling mathematics the foundation of an AI-driven world.
Oil service workers' salaries break records for third consecutive month due to Iran war
Compensation in the oil services sector reached historical highs for three consecutive months—from March to May 2026: the war with Iran drove up oil prices and forced companies to expand drilling operations.
Zhipu considers multi-billion IPO in Hong Kong after stock surge of 2000%
Chinese AI model developer Zhipu is exploring a secondary offering in Hong Kong to raise several billion dollars — the company's shares have surged 2000% since the beginning of the year.
SoftBank's Masayoshi Son: Musk's orbital data centers won't win the AI race
SoftBank founder Masayoshi Son has said Elon Musk's idea of putting data centers in orbit makes no sense: the AI race will be won by ground-based computing infrastructure.
California Gas Stations Accused of Using AI to Inflate Fuel Prices
A class-action lawsuit has been filed in California against Walmart, BP, Marathon Petroleum, and 7-Eleven, accusing the companies of using AI algorithms to illegally inflate gasoline prices.
Microsoft and Chevron Sign 20-Year Power Supply Deal for a Data Center in Texas
Microsoft and Chevron have signed a 20-year agreement: the oil giant will supply gas-generated electricity to one of the largest data centers in the U.S., located in West Texas.
Oracle laid off 21,000 employees in a year — AI replaced some positions
Oracle cut its workforce by 21,000 people over 12 months — the scale turned out to be larger than the company had publicly acknowledged, and some roles were eliminated directly because of AI.
Alphabet launches incubator for AI startups founded by former Google employees
Alphabet is officially supporting former Google employees building AI companies, deepening ties with one of Silicon Valley's largest alumni communities.
Abu Dhabi's MGX fund raises about $50 billion to accelerate AI investment
Abu Dhabi's technology fund MGX has closed a raise of about $50 billion from regional and international investors to finance AI infrastructure.
Baseten raises $1.5 billion at a $13 billion valuation — a bet on cheap AI models
Baseten, a startup providing infrastructure for budget AI models, has closed a Series F round of $1.5 billion at a $13 billion valuation, with participation from Altimeter.
Google restricts Meta's access to Gemini due to a shortage of computing capacity
Google was unable to provide Meta with sufficient computing capacity and has imposed restrictions on its access to the Gemini AI models, according to the Financial Times. *Meta is recognized as an extremist organization
SpaceX acquired AI editor Cursor for $60 billion right after going public
SpaceX closed the $60 billion acquisition of AI assistant for programmers Cursor a few days after its IPO — Franklin Templeton investors call it a logical step in the company’s AI strategy.