Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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Data Centers Hit Limits on Power and Labor: AI Is Growing Faster Than Construction
Executives at major data center operators told Bloomberg that construction is barely keeping pace with AI, and that access to power and a shortage of skilled workers are the main constraints.
Moderna Founder Urges Urgent Regulation of AI Agents Before the First Catastrophe
Billionaire Noubar Afeyan warns that waiting for a catastrophe would repeat pharma's mistakes, where rules were written after tragedies, from 1937 to 1962.
Nandan Nilekani: AI Is Driving the Biggest Overhaul of IT Services in Decades
The Infosys co-founder says AI is driving the biggest transformation of IT services in decades, and he is betting on a model-agnostic approach to enterprise AI adoption.
Apple unveils $299 HomeView smart home hub, on sale November 13
Apple has unveiled HomeView, a $299 display at the center of its push into the smart home. It goes on sale November 13; hardware details have not been disclosed.
Asian Chipmakers Drag MSCI Asia Pacific to Its Lowest Since August
A selloff in Asian chipmakers pushed the MSCI Asia Pacific Index to its lowest level since August as investors doubt that massive AI spending will pay off.
Oliver Wyman Forum CEO in New Delhi: The World Is Watching the Wrong AI Race
At the New Economy Forum in New Delhi, Oliver Wyman Forum CEO John Romeo says the world is watching the wrong AI race: the real focus should be how people adapt and who controls decisions.
Jio Platforms draws more than $20 billion in bids for India's record IPO
Reliance Industries' digital arm has drawn bids worth more than $20 billion. The offering could become the largest IPO in India's history and set the tone for the region's AI infrastructure.
Raimondo Calls for an AI Governance Framework Over the Risk of Rogue Agents
Former US Commerce Secretary Gina Raimondo told Bloomberg that AI needs a governance framework, including for cases where agents slip out of human control.
Moderna, DeepMind and Biocon discuss AI in science at Bloomberg forum in New Delhi
At the Bloomberg New Economy Forum in New Delhi, Afeyan of Moderna, Ibrahim of Google DeepMind and Mazumdar-Shaw of Biocon shared a stage to discuss AI in science.
Ledger reviews its sales policies after $90 million spyware theft
Crypto wallet maker Ledger SAS is reviewing how it sells devices after spyware in some wallets led to the theft of about $90 million in cryptocurrency.
Siemens Bets on Poland's Defense Boom, With a Budget of 4.8% of GDP
Siemens expects Poland's rising defense and infrastructure spending, about 4.8% of GDP, to lift demand for industrial automation and digital solutions.
Infosys Chairman Nilekani Calls Fears of AI Job Losses "Hogwash"
Infosys chairman Nandan Nilekani dismissed fears of mass AI layoffs. He says the technology will push small business forward and create demand for new skills.
Hyperscalers' Debt Binge Could Cut Emerging Markets Off From Capital
Bonds funding AI infrastructure are tapping the same investor pool as sovereign debt. Bloomberg: tech giants and governments compete for capital, and emerging markets are first at risk.
Fed Governor Waller Discusses in New Delhi How Central Banks Should Respond to AI
At the Bloomberg New Economy Forum in New Delhi, Fed Governor Christopher Waller discussed how central banks can respond to the economic and social shifts caused by AI.
Raimondo Warns That AI Isolationism Threatens Economy and Security
Former US Commerce Secretary Gina Raimondo urged countries not to turn inward on AI policy. In her view, the economic and security risks can only be reduced together.
ASML's Earnings Will Test the Chip Market: Capacity Outlook Matters More Than Revenue
Bloomberg: ASML's capacity outlook has become the key part of its earnings. With the chip rally stalling, investors want a signal of confidence.
Brooks Macdonald CIO Sees Europe as a Safe Haven Amid the Chip Selloff
The chipmaker selloff ran for another day. Brooks Macdonald CIO William Hobbs advises building up European positions to make portfolios more resilient.
Alibaba unveils $450 AI smart glasses and expands its gadget lineup
Alibaba unveiled a new generation of smart glasses priced at about $450. The company keeps moving its AI from the cloud into consumer devices, challenging Meta and Xiaomi.
Orbital Data Centers Could Become Military Targets, Bloomberg Warns of Conflict Risk in Space
Moving data centers into orbit for free solar power runs into military logic: armies are betting on AI and treating compute as critical infrastructure.
Sitharaman Pitches India as an Alternative to the US and China for AI and Chip Capital
India's finance minister says the country can absorb global capital alongside the US and China. Her pitch: AI, semiconductors and green tech, backed by tens of billions of dollars.
Tata Sons chairman refuses to scale back chips for quick payoffs to owners
Tata Sons Chairman Natarajan Chandrasekaran says the group will keep building chip manufacturing even if the projects pay off slowly. Shareholders want returns sooner.
IMF Chief Economist Tenreyro: AI Investment Will Speed Up Global Growth
IMF Chief Economist Silvana Tenreyro told Bloomberg at the fall IMF and World Bank meetings that global economic growth will accelerate thanks to AI investment.
Cathie Wood Steers Clear of Memory: Chinese Capacity Could Deepen the “Vicious” Cycle
ARK's Cathie Wood won't buy memory makers: the sector is prone to “vicious” cycles, and growing Chinese capacity could make them worse.
Nilekani Urges India to Ditch Paper Exam Papers
Infosys co-founder Nandan Nilekani urges India to drop traditional printed exam papers: leaks keep derailing tests taken by millions of Indians.
Atlassian CEO: Cheaper Software Will Produce More Apps and AI Agents
Mike Cannon-Brookes argues that AI-driven cheaper development won't shrink enterprise software. It will multiply apps, workflows and agents, and demand for tools that connect them.
Blackstone President Gray: Betting on AI Infrastructure Still Makes Sense Even as Capital Gets More Expensive
Blackstone's Jon Gray compares the AI buildout to the telecom boom of the early 2000s, when supply outran demand and ran on debt. This time, he says, the picture is different.
Sunak: Tech Giants Will Issue More Long-Term Debt Than the US in 2027
Former UK PM Rishi Sunak says that in 2027 tech companies will surpass the US Treasury in net long-term bond issuance, driven by AI spending.
Anthropic Eyes Data Centers in Australia: A Signal From an Envoy
Anthropic is weighing data center investments in Australia as it expands compute worldwide. No amount or timeline has been given, but the choice of market is telling.
IMF Ties 2027 Global Growth Pickup to AI Investment
The IMF expects global growth to accelerate in 2027 on AI spending, but warns that energy shortages and financial risks are eroding the economy's resilience.
India Tightens Oversight of $80 Billion Online Food Market, With Blinkit and Instamart in the Crosshairs
India's top food regulator is preparing tougher rules for Blinkit, Instamart and Amazon Now, putting an $80 billion online food market under closer scrutiny.