Disney fights back

The company has decided it’s time to stand up to pressure from the Trump administration ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Walt Disney Co/The $105.42 +0.5% Amazon.com Inc $267.22 -1.1% NVIDIA Corp $235.74 +4.4% Market data as of 07:32 PM ET. Data is subject to provider delays. Your watchlist Top Stories Musk’s catch-up effort: Elon Musk’s xAI introduced its first coding tool, called Grok Build. It’s far behind rival Anthropic. Hon Hai’s big quarter: The chief assembly partner for Nvidia and Apple reported quarterly profit rose 19%, after earlier saying that sales gained 30%. Executives gave an optimistic outlook. Poor phone service: AT&T, T-Mobile and Verizon have agreed to an unusual joint venture to try to make satellite service more available for mobile phone users in “dead zones,” where cell networks have limited or no reach. The companies need to work out the details. Must Reads Andy Jassy Is Rewriting Amazon’s Playbook for the AI Age Jassy was once Jeff Bezos’ deputy and the head of Amazon’s cloud computing arm. Five years into his tenure as CEO, he’s killing projects, cutting staff, pleasing Wall Street and steering the everything store through its greatest challenge yet. Apple-OpenAI Alliance Frays, Setting Up Possible Legal Fight Apple Inc.’s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action. AI Chipmaker Cerebras Climbs 68% After Year’s Biggest IPO Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year’s largest IPO, illustrating investors’ surging appetite for artificial intelligence data centers and the chips running them. Beyond The Brief Donald Trump’s Federal Communications Commission has been attacking Disney-owned ABC for more than a year on a variety of fronts, Kelcee Griffis reports in today’s Tech In Depth. Now, in contrast to the beginning of the administration, the company is fighting back, arguing the commission is trying to stifle the media from exercising its constitutional right to freedom of speech, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. New From Bloomberg Coming soon: Get the AI Today newsletter — chronicling the disruptions and threats of AI on businesses, workers, governments and economies with analysis from Bloomberg’s global newsroom. Bloomberg Event Bloomberg Tech returns to San Francisco on June 3 and June 4. Led by Emily Chang and Tom Giles, the conference brings together leading CEOs, investors and innovators who are shaping the future. Drawing on our global newsroom and Terminal data, we’ll explore the capital, connectivity and ideas driving the industry forward. Register here. Before You Go... How to Build a Data Center in Space Elon Musk and Jeff Bezos plan to make AI extraterrestrial. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |