Bloomberg News and Videos — Page 629

Bloomberg Intelligence's Matthew Palazola joins Scarlet Fu on "Bloomberg Deals." Google parent Alphabet upsized its equity raise to $84.75 billion from the $80 billion it announced just two days earlier in a bid to help fund growing artificial intelligence spending plans.

Duke Energy President Harry Sideris says the utility is focused on keeping power affordable for customers while meeting surging demand from AI and data centers. Sideris spoke with Bloomberg's Tyler Kendall at the Edison Electric Institute Conference in Las Vegas.

Most Fed districts reported higher inflation than in the previous report, driven primarily by the impact of the war in the Middle East on energy prices, according to the US central bank's Beige Book survey of regional business contacts. Stuart Paul reports on Bloomberg Television.

Georgia Governor Brian Kemp joined Bloomberg's Tyler Kendall on the ground at Edison Electric Institute annual meeting in a wide ranging conversation on State of Georgia. When asked about the surge of data centers he said it would be irresponsible to freeze the build out throughout the state.

GoldenTree Asset Management Founder and CIO Steven Tananbaum says he expects credit to continue to languish, though there are some pockets of opportunity, and adds that the financing of AI is an arms race. He sat down with Lisa Abramowicz at the Bloomberg Global Credit Forum in New York City.

SpaceX plans to offer shares at $135 apiece to raise $75 billion in its IPO, rejecting yet another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. Bloomberg's Katherine Doherty joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

Scott Goodwin, co-founder and managing partner at Diameter Capital, says, "the AI nativity of the college grads is so powerful that we've hired a number of them this year," as the firm brings in graduates straight from college for the first time. He speaks with Dani Burger at the Bloomberg Global Credit Forum in New York. (Corrects location of interview in description.)

SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn't public. The move adds to the unconventional aspects of a deal that's set to be the biggest ever listing. We get reaction from George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence.

Tennis may be headed for its biggest transformation in years. EQT Managing Partner and CEO Per Franzen and ATP Chairman Andrea Gaudenzi join Bloomberg Open Interest to explain why private equity is betting on tennis, the sport's record-breaking growth, and the push to unite the ATP and WTA under one global commercial vision.

Billionaire investor Ray Dalio says, "all great technology changes produce bubbles" and sees signs in the booming artificial-intelligence market of a bubble that will eventually burst with the converting of wealth into money. He speaks with Bloomberg's Dani Burger.