OpenAI raised $110 billion in funding. Investors include Amazon, SoftBank and Nvidia. It's part of the ChatGPT maker's push to secure more computing power and talent for AI development. Mandeep Singh of Bloomberg Intelligence has more.
Anthropic has rejected the Pentagon's latest offer in a dispute over safeguards around the use of its AI technology by the US military. The company continues to insist on two specific restrictions: It doesn't want its technology used for surveillance of US citizens or for autonomous lethal strikes without a human in the loop. Bloomberg Opinion's Parmy Olson breaks down the situation. Her opinions are her own.
Prices paid to US producers rose in January by more than forecast as the producer price index increased 0.5%, the most since September. An underlying gauge that excludes food and energy advanced by the most since July. Michael McKee reports on Bloomberg Television.
US Under Secretary of Defense for Research and Engineering Emil Michael discusses talks with Anthropic about loosening restrictions on the use of its artificial intelligence technology by the US military. Michael says the Pentagon offered concessions to the company and is open to continuing talks ahead of the Friday afternoon deadline.
US Under Secretary of Defense for Research and Engineering Emil Michael says the Pentagon is open to more talks with Anthropic PBC ahead of a 5 pm ET deadline to loosen restrictions on the use of its artificial intelligence technology by the US military.
Videos of influencers hitting it big on Stake.com are all over the internet. But at least some of those wins are statistically unlikely, a Bloomberg analysis showed.
Stephen Auth, CIO, equity at Federated Hermes, explains the factors behind his firm's decision to trim their 2026 target for the S&P 500 to 7,500.
German manufacturer BASF has warned that its 2026 adjusted operating income may either decline or increase only marginally amid challenging market conditions, falling short of market expectations and leading the chemicals group to intensify its cost-cutting measures. CFO Dirk Elvermann spoke with Bloomberg's Vonnie Quinn.
Netflix Inc. dropped out of the fight to buy Warner Bros. Discovery Inc., saying that while it believed its deal would have passed muster with regulators and created shareholder value, it didn't want to keep bidding. The move clears the way for rival bidder Paramount Skydance Corp. to clinch its $111 billion deal for the historic Hollywood studio. Bloomberg's Manuel Baigorri breaks down the situation.
The collapse of Market Financial Solutions has some of the biggest names in finance, including Jefferies, Wells Fargo and Barclays, scrambling to recoup whatever money they can from an embattled company. MFS was a nonbank finance firm looking to fill a gap that major banks had ignored or shunned, while tapping Wall Street giants for the cash to do it. Bloomberg's Neil Callanan explains.
