News

Alibaba has rolled out its most powerful chip yet, doubling down on its bid to control the software and hardware that power its artificial-intelligence ambitions.

Alibaba has rolled out its most powerful chip yet, doubling down on its bid to control the software and hardware that power its artificial-intelligence ambitions.

Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Max Neukirchen, Global Co-Head of Payments at JPMorgan, discusses the business opportunities in India's merchant payments sector. He speaks with Menaka Doshi at the sidelines of the JPMorgan India Conference in Mumbai.

<p>The Fed's rate hike capped a shift that's been building for months.</p>

WHATS NEWS BUSINESS FINANCE Paramount reached a settlement with state attorneys general that clears the way for its $81 billion merger with Warner Bros. Discovery that is poised to reshape Hollywood. Investors bid up the price of Meta Platform’s shares, setting the tone for Monday’s session, which saw the S&P 500, Nasdaq and Dow rise 1.

Tencent Holdings Ltd. launched its latest and best image-generation model on the same day as rival Alibaba Group Holding Ltd. kicked off its AI conference, signaling intent to catch up to industry leaders like ByteDance Ltd.

BEIJING, Sept 22 (Reuters) - Alibaba Group plans to train a new artificial intelligence model with 5 trillion to 10 trillion parameters, Chief Executive Eddie Wu said on Tuesday, as the Chinese

Sandisk’s AI surge has created a very different problem

Alibaba Group Holding Ltd. is rolling out what it calls China’s most powerful AI chip, an accelerator to compete with Nvidia Corp. and underpin a massive expansion of data center capacity in coming years.

By Ruma Paul and Sam Jahan SAVAR, Bangladesh, Sept 22 (Reuters) - A gas and power crisis has hit production at most Bangladeshi garment makers, but at 4A Yarn Dyeing, a supplier to Walmart, Gap and

Paramount Skydance Corp.’s (NASDAQ:PSKY) $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD) has cleared a major legal hurdle after the company reached a settlement with a coalition of U.S. states and the Writers Guild of America. Paramount Warner Bros. Discovery Merger Clears Antitrust Fight The settlement on Monday allows the merger to move forward while requiring Paramount to accept several conditions aimed at addressing concerns over competition, jobs and media concentratio

Nasdaq (NASDAQ:NDAQ) CFO Sarah Youngwood said the company sees a constructive macroeconomic backdrop, citing investment in artificial intelligence and digital technologies, resilient consumers and corporate earnings that she said are supporting market valuations. Speaking at a fireside chat with an

Iambic Therapeutics, Inc., an AI drug discovery company backed by Nvidia Corp. (NASDAQ:NVDA) and the Qatar Investment Authority, filed for an initial public offering, according to an S-1 filing with the SEC on Monday. Plans to List on Nasdaq, Under Ticker ‘IAM’ Iambic said it plans to use the IPO proceeds, along with its existing cash, to continue advancing its three cancer drug candidates through clinical development, with any remaining funds going toward general operating costs. It will go pub

There’s a rush to secure flights as SpaceX winds down its flagship vehicle and rivals try to ramp up.

Federal Reserve Bank of San Francisco Vice President Adam Shapiro has highlighted a shift in U.S. investment, saying spending is moving away from residential investment and toward computers as the AI investment boom accelerates. In a Friday LinkedIn post, Shapiro...

Investment in domestic production, quiet mediation from Gov. Gavin Newsom and the threat of relocating helped Paramount forge a settlement with state attorneys general.

The US government’s increased reliance on a Pentagon blacklist to target China’s biggest companies threatens to cast a pall over President Donald Trump’s summit this week with his Chinese counterpart, Xi Jinping.

WASHINGTON, Sept 21 (Reuters) - CNN, MS NOW and Politico sued President Donald Trump and other members of his administration on Monday for banning them from White House grounds, saying the action violated their rights to free speech and a free press under the US Constitution's First Amendment. The news outlets are seeking a temporary restraining order to block Trump's action in federal court in Washington, D.

Decibel has crossed $7 billion in trading volume on Aptos, with over $1 billion flowing through third-party apps via its Builder Codes program.

Shopify plans to allow Meta’s personal AI agent to complete purchases on behalf of users with the e-commerce platform’s roster of stores.

Sept 21 (Reuters) - Lockheed Martin said on Monday it had secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM).

U.S. leveraged debt markets are growing more bifurcated, as institutional investors flock to higher-quality issuers while shutting out lower-rated borrowers, according to a new report from Moody’s Ratings.

A retirement lasting 40 years will outlive most strategies built around fixed income alone, and five dividend ETFs cover every gap that leaves retirees vulnerable, from income growth against inflation to geographic exposure most US-focused portfolios quietly ignore.

RBC Capital Markets Director of Global ETF Strategy Valerie Grimba joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the proliferation of new fund launches and how ETF issuers compete in an increasingly crowded space.

Bloomberg's Scarlet Fu puts Eric Balchunas, Matt Kaufman of Calamos Investments, and Brittany Christensen at Tidal to the test on "Bloomberg ETF IQ" in this week's edition of "IQ Test."

A surge in U.S.-China transactions is drawing scrutiny in Washington, where some lawmakers are pushing to slow the pace of investment.

More government oversight could be better for humanity, but also serves to cover AI companies’ butts.

Google kept quiet about a Gemini incident from May until September 18.

Wall Street’s renewed AI optimism lifted data-center developers and suppliers, propelling Intel shares 12% higher and boosting Advanced Micro Devices by 10%. AMD notched a $1 trillion market capitalization for the first time, becoming the 14th U.