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Apple Inc.'s two-year-old partnership with OpenAI has reportedly become strained, with the AI startup preparing possible legal action after failing to see the expected benefits from the deal.

Cisco Systems Inc. jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market. Revenue will be $16.7 billion to $16.9 billion in the fiscal fourth quarter, which runs through July, the company said in a statement Wednesday. Analysts estimated sales of $15.8 billion, according to data compiled by Bloomberg. The news signaled that Cisco, a four-decade-old stalwart of Silicon Valley, is successfully pivoting to the AI economy. Orders from data center customers are accelerating, and the company's restructuring plan is designed to further improve its position. Bloomberg's Ryan Vlastelica takes a closer look.

Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet. The Claude maker would then be valued at more than $900 billion. Bloomberg's Ed Ludlow reports.

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 Inc. rejected a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen, describing the unsolicited bid as "neither credible nor attractive." EBay's board turned down the offer after taking into account "uncertainty" around the financing plan, the operational risks involved and GameStop's governance, Chairman Paul Pressler said in a letter addressed to Cohen. Pressler also cited GameStop's executive incentives and a takeover's potential impact on eBay's long-term growth. Bloomberg's Cecilia D'Anastasio joins Bloomberg Intelligence Radio for a closer look.

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.

Commerzbank CEO Bettina Orlopp discusses the company's performance as the lender lifted its guidance for profit this year and outlined more job cuts. Orlopp also discusses the hostile takeover attempt by UniCredit, saying it would put a lot of revenue at risk. She speaks on Bloomberg Television.

Elon Musk's SpaceX estimated a chip factory it plans to build along with Tesla Inc. will cost at least $55 billion, with total investment potentially exceeding the amount the rocket maker aims to raise from a record initial public offering. Bloomberg's George Ferguson joins Bloomberg Intelligence to discuss.

Novo Nordisk said this year's declines won't be as bad as initially expected thanks to the new Wegovy pill, which helped fuel sales in the first quarter. For the year, the worst drop for both profit and sales will be 12%, compared with 13% earlier. Bloomberg's Sanne Wass reports from Copenhagen.

Advanced Micro Devices gave a strong forecast for the current period while Super Micro Computer shares gained in extended trading after the company reported improved margins. Michael Shepard reports on "Balance of Power: Evening Edition."