AI cloud computing firm Nscale is in talks to sell computing power to Anthropic in a deal that could be worth about $45 billion, according to people familiar with the matter. Bloomberg's Anthony Stephens reports.
Saudi Arabia has postponed its flagship conference, the Future Investment Initiative (FII), to 2027. The decision follows multiple attacks on the kingdom in recent days. Bloomberg's Onur Ant reports.
Indonesia's sovereign investment body Danantara has completed a $533 million property acquisition in Mecca. Thakher Development announced the handing over of the title, marking the first time land at Thakher Makkah has been made available to investors from outside Saudi Arabia. Faisal Shaker, CEO of Thakher Development spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on property ownership in one of the Holy Cities in Saudi Arabia.
Australia's government is set to sue Facebook, TikTok and other major digital platforms for alleged non-compliance with a nationwide social media ban for under-16s, Communications Minister Anika Wells said.
The latest report from Chief Executive Women says progress toward gender balance in corporate Australia appears to be losing momentum. The study finds that, at the current pace, it could take around six decades to reach gender parity among ASX-listed company CEOs. Only one in seven CEO appointments over the past year went to women. CEW President Helen Conway discusses what's driving the slowdown on "Bloomberg: The Asia Trade".
Hayley Channer, Economic Security Program Director at US Studies Centre, discusses the outlook for the US midterm elections and Australia's strategic autonomy. She speaks with Haidi Stroud-Watts on the sidelines of the Citi ANZ Investment Conference in Sydney.
Nathan Sheets, Global Chief Economist at Citi, discusses the bank's forecast for global growth amid rising energy costs, persistent inflation and disruptions from AI. He speaks with Haidi Stroud Watts on the sidelines of the Citi ANZ Investment Conference in Sydney on "Bloomberg: The Asia Trade".
Ankur Crawford, a Portfolio Manager at Alger and Former Intel Engineer, said recent market nervousness around AI including concerns tied to CoreWeave does not reflect the strength of underlying adoption and infrastructure demand. She described a striking gap between stock performance and on-the-ground fundamentals, while noting that returns from AI investment will take time and that debt, supply-chain bottlenecks, labor shortages and power constraints could slow the buildout. She speaks with Romaine Bostick on "The Close."
Amazon and American Electric Power are evaluating plans for a 960-megawatt nuclear plant in Indiana using 12 small reactors designed by X-Energy. X-Energy CEO Clay Sell says the companies have held substantial discussions for several months, and AEP has begun early site work and community engagement. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."
Dan Ives, partner and senior managing director at Yorkville, Ives, and Company, says the upcoming earnings from major technology companies will be an important test of confidence in AI. He also talks about giving investors a chance to invest in private ai companies.
Tenstorrent CEO Jim Keller discussed the chip startup's $1.5 billion funding round, which values the company at about $6.2 billion. He said the company is focused on scaling its Galaxy server program and developing AI intellectual property, rather than pursuing a sale. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."
Warren Buffett, chairman emeritus of Berkshire Hathaway, is worth $150 billion, according to the Bloomberg Billionaires Index. Until recently, a longtime favorite of his, Bill Gates, was taking care of giving most of the money away through his behemoth global foundation. Then came the revelations about Gates' relationship with Jeffrey Epstein. Now, it's Buffett's three children that will inherit the task of distributing his enormous wealth. Bloomberg News' Wealth Reporter Sophie Alexander and US Insurance Reporter Alex Rajbhandari spoke with Susie, Howard, and Peter about their plans for their Dad's legacy.
