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| AI surprise: Chinese startup Manus AI introduced what it claimed is a general artificial intelligence agent more sophisticated than those developed by US rivals. Agents, in theory, are a step up from chatbots by automating work without the need for human supervision. AI hiring: Motive Technologies plans to double its workforce in India, as the fleet management startup joins a rising number of Silicon Valley AI companies expanding in the South Asian country. AI deal: CoreWeave, a closely held cloud computing company that has filed for an initial public offering, reached a five-year deal worth $11.9 billion to provide services to OpenAI. The agreement is said to give OpenAI a stake in CoreWeave worth about $350 million. | |
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| Moveworks, a maker of artificial intelligence assistants, agreed to be acquired by ServiceNow for $2.85 billion. The company, which began in 2016, was valued at $2.1 billion in 2021 and was backed by investors including Kleiner Perkins and Lightspeed Venture Partners. | |
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| In today's Tech In Depth, Ian King and Brody Ford report on the uncertainty for computer hardware makers around President Donald Trump's ever-changing tariff policies. The global supply chain for the tech industry means the companies, and their consumers, will feel the pain wherever the tariffs hit, they report. For more Bloomberg coverage of the technology industry, subscribe here. | |
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| Apple recently introduced a new lower-cost iPhone, new iPads and updated versions of its laptop and desktop — outside its usual September-October product season. Mark Gurman writes in this week's Power On that Apple cleared the decks to capitalize on the momentum built during the holiday shopping season for some of the products and to offset sluggish iPhone sales. It also lets Apple focus on software at its upcoming Worldwide Developers Conference in June, he writes. For more of Mark's Apple coverage, subscribe here. | |
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