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| US-China warning list: The Pentagon added Alibaba, BYD, Baidu and TP-Link Technologies to a list of companies that aid the Chinese military – before withdrawing it minutes later on Friday without explanation, roiling shares and perplexing analysts. Microsoft probe: The US Federal Trade Commission is accelerating scrutiny of the software giant as part of an ongoing investigation into whether the company illegally monopolizes large parts of the enterprise computing market. Blackstone's AI bets: Blackstone's private equity fund for wealthy individuals notched a net 20% gain last year, in part from investments in AI firms it doesn't hold in its institutional portfolios. | |
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| Legora, a maker of AI tools for the legal services industry, is in talks to raise funds that would triple its valuation to $6 billion, just four months after its last financing round. The startup was founded in 2023 and counts several high-profile law firms as its customers for products that automate rote tasks such as contract review, due diligence and research. | |
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| Elon Musk's merger of SpaceX and xAI has pushed his social network X into a less-prominent place in Musk's corporate world, Ed Ludlow reports in today's Tech In Depth. But without the pressure to succeed as an independent company — and its ties to the rocket company and artificial intelligence lab — X may be better positioned than ever before to fulfill Musk's long-held goal to become an "everything app," he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. | |
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| At the DICE convention in Las Vegas, much of the talk of the video-game industry has been about Clair Obscur: Expedition 33, Jason Schreier reports in this week's Game On. The success of the French role-playing game, which costs $50, has sold more than 6 million copies and swept countless awards since its April 2025 release, raises an important point: Video games need to be cheaper to buy, he writes. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. | |
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