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| China AI is different: US markets are gripped by the "AI scare trade," but in China the mood is far more upbeat. Instead of worrying about disruption, investors are chasing perceived winners, drawn by AI's growth prospects and its potential to drive cost savings for end users. Tech foreign policy: The Trump administration plans a new "Tech Corps" initiative to send thousands of US science and math graduates abroad to countries that host Peace Corps volunteers in an effort to boost international reliance on American technology and reduce global adoption of competing products from China. Xbox has a new boss: Microsoft AI executive Asha Sharma is taking over as leader of the Xbox and gaming business, succeeding longtime chief Phil Spencer, who is retiring. The company said it will recommit to support console users after years of developing products for mobile and PC players. | |
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| OpenAI projects its revenue will jump to $280 billion in 2030 from more than $20 billion last year, signaling the view of executives that the startup has strong momentum in subscription sales for its AI software to consumers and businesses. At the same time, the company said it expects to spend $600 billion in 2030. | |
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| Silicon Valley companies are once again threatening an exodus to more cooperative locales, with the Miami area the focus of attention, according to Austin Carr. It marks another cycle of California businesses expressing discontent, though this time it carries strong ideological overtones as well, he writes in today's Tech In Depth essay. 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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| Anthropic's release of Claude Code a year ago helped transform its business and the wider AI landscape, but even CEO Dario Amodei was surprised by the initial level of enthusiasm for what became the startup's next breakthrough product, Shirin Ghaffary reports in this week's Q&AI. You've got questions about AI. We've got answers. Sign up for Bloomberg Technology's weekly Q&AI newsletter. | |
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