Microsoft plays the AI price card

The software company’s AI chief says his team will build cheaper in-house models ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 Meta Platforms Inc $622.98 +4.2% Adobe Inc $256.24 -2.2% Microsoft Corp $427.34 -3.2% Market data as of 07:07 PM ET. Data is subject to provider delays. Your watchlist Top Stories Meta Platforms’ pitches AI: The social media company is selling businesses access to an artificial intelligence agent, trying to generate revenue to offset its huge investments in the technology. The agent works on Meta’s various apps. Adobe’s CEO search: Two internal executives are being considered for the top post at the maker of Photoshop and other software for creative professionals. A search firm also has been hired to find outside candidates. DeepSeek’s fundraising: The Chinese AI company is close to completing a deal to raise about 50 billion yuan ($7.4 billion) from investors including Tencent and its own founder. It will be a milestone for the country’s domestic AI industry. Top Reads Anthropic Said to Pick Morgan Stanley, Goldman Sachs to Lead IPO Anthropic PBC has lined up banks to lead work on its IPO, according to people familiar with the matter, as the artificial intelligence company races its rival OpenAI to be first to go public. SpaceX Seeks $75 Billion in Record IPO to Fund AI, Launch SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, satellite and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. Sam Altman Says He Doesn’t Plan to Put Money Into 2026 Elections OpenAI Chief Executive Officer Sam Altman says he has no plans to make any financial contributions toward this year’s US elections, even as other Silicon Valley billionaires have already pledged to spend heavily to influence midterm races that will decide control of Congress. Beyond The Brief Microsoft AI chief Mustafa Suleyman says AI work costs businesses — including his — too much money, Brody Ford reports in today’s Tech In Depth. So Suleyman is pushing his team to come up with less-expensive in-house AI models, Ford 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 Get the AI Today newsletter, chronicling the disruptions and threats of AI on businesses, workers, finance and economies with analysis from Bloomberg’s global newsroom. This Week In Cyber Bulletin The US government has stopped sharing key information about election security threats with state officials and has halted some cybersecurity services, Patrick Howell O’Neill reports in this week’s Cyber Bulletin. The pullback by the federal government comes as state elections officials prepare for a crucial midterm election in November, he 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... ‘60 Minutes’ Faces Existential Crisis Amid Staff Exodus The investigative news program 60 Minutes has been around for more than half a century, producing some of the most influential and confrontational journalism in the US. But as a new management team at CBS News tries to remake the network for an era of digital news, a spate of high-profile staff departures has thrown the show into turmoil. 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 |