A boost for VC fundraising

SpaceX, OpenAI and Anthropic spur record amounts ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 Micron Technology Inc $1,048.51 -0.3% SK hynix Inc ₩2,883,000.00 +8.7% SoftBank Group Corp ¥6,597.00 +1.3% Market data as of 07:30 PM ET. Data is subject to provider delays. Your watchlist Top Stories Google’s defections: The search giant, already reeling after the departure of high-profile artificial intelligence researchers, is losing two more top scientists. Both are going to AI rival Anthropic. Micron’s blowout results: The memory-chip maker, taking advantage of AI demand, gave a sales forecast that crushed expectations. The outlook may calm worried investors. Custom-made chips: OpenAI unveiled its first AI chip developed in partnership with Broadcom. The silicon has a quirky name. Must Reads Masayoshi Son Calls AI Bubble Talk an ‘Insult,’ Delays Retiring SoftBank Group Corp.’s Masayoshi Son brushed aside concerns about an AI bubble, saying that such a characterization is inappropriate for a revolution that’s only just begun. He vowed to remain at the helm of his investment group much longer to capitalize on the AI boom. Amazon Seller Reveals Rare Glimpse of Shadow Bribery Market Middlemen lurking on message apps like WeChat offer access to company employees they say can grant favors for a price. Meta, Microsoft Lead $850 Billion Boom in Data Center Leases Meta Platforms Inc. and Microsoft Corp. each committed tens of billions of dollars in additional data center leases in their most recent quarters, adding to the massive sums the industry is spending on artificial intelligence. Beyond The Brief The success of SpaceX’s initial public offering and the coming IPOs from AI leaders Anthropic and OpenAI have fueled a major change in the way venture capital firms raise money, Natasha Mascarenhas reports in today’s Tech In Depth. The gains from SpaceX’s move to the public markets, and the bet that the AI startups will deliver positive returns as well, has spurred record-breaking fundraising for the VCs, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. This Week In Cyber Bulletin Microsoft is using AI to find hacking tools and disable them, Lorelei Smillie reports in this week’s Cyber Bulletin. The case shows how artificial intelligence is reshaping cybersecurity on both sides of the digital crime landscape, she writes. Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense. Before You Go... Sony Pictures Invests $100 Million in Giant Screen Startup Cosm Sony Pictures Entertainment is investing $100 million in Cosm, an operator of large-screen theaters that show films and sporting events. 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 |