Cryptocos

Artificial intelligence chipmaker Cerebras raised $5.55 billion in its US initial public offering. The company priced its shares at $185 each, giving Cerebras a market value of about $40 billion, based on the shares offered and outstanding in its filings. Bloomberg's Neil Campling reports.

Charles Schwab Corp. is planning to use artificial intelligence to extend benefits usually reserved for wealthy clients to the less affluent. CEO Rick Wurster said AI will be a "real accelerant" for the 55-year-old firm. He spoke with Carlyle Group Co-Founder and Co-Chairman David Rubenstein for an upcoming episode of Bloomberg Wealth. This interview was recorded May 1 in New York.

Siemens CEO Roland Busch discusses the outlook for orders, profit guidance and supply chain "uncertainties" stemming from the war in the Middle East. Speaking on Bloomberg Television, he also discusses artificial intelligence regulation in Europe and plans for a 6 billion ($7 billion) share buyback.

Anthropic is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter. The Claude maker is in discussions to raise the new capital at a valuation of more than $900 billion, not including the investment, said the people. Bloomberg's Neil Campling reports.

EBay turned down GameStop Chief Executive Officer Ryan Cohen's $56 billion takeover offer, describing the unsolicited bid as "neither credible nor attractive." Caroline Hyde reports on Bloomberg Television.

JPMorgan Chase Chairman and CEO Jamie Dimon says AI will change almost everything. He talks about how he uses the tech on a daily basis and speaks to Bloomberg's Francine Lacqua at the bank's annual Global Markets Conference in Paris.

Boeing CEO Kelly Ortberg is expected to join the US delegation to China and has hinted at a major deal, saying President Donald Trump's visit would be "a meaningful opportunity for us." China is considering a deal for about 500 of the 737 Max jets. Bloomberg's Danny Lee reports.

KKR & Co. is injecting $300 million into a private credit fund it manages with Future Standard, investing $150 million in preferred equity and tender for $150 million of FS KKR Capital Corp. Bruce Douglas reports on Bloomberg Television.

Akamai CEO Tom Leighton joined Bloomberg Open Interest to break down a massive $1.8 billion AI cloud deal. Leighton said he could not give details on who the deal is with. He explains why it signals a shift away from big tech hyperscalers and how edge computing is becoming essential for stopping AI-powered cyberattacks, cutting costs, and delivering faster performance.

SoftBank is scaling back plans for a $10 billion margin loan backed by its OpenAI stake after creditors voiced some hesitation. Matthew Bloxham of Bloomberg Intelligence has more.