Alphabet looks for AI to pay off

Investors await Wednesday’s earnings to see a return on all that AI spending  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 Samsung Electronics Co Ltd ₩271,500.00 +3.0% NVIDIA Corp $207.29 +2.0% Intel Corp $105.45 +8.6% Market data as of 12:00 AM ET. Data is subject to provider delays. Your watchlist Top Stories Samsung unveils AI agent: The electronics maker is rolling out a new AI-powered assistant for health. The agent is designed to cull data from a user’s devices and act as a virtual health companion. Intel cuts more jobs: The chipmaker said it would reduce the workforce in the data center group. The unit is key to the company’s turnaround effort. Super Micro piles up orders: The server maker issues preliminary results showing it gained more than $60 billion in new orders in the quarter. The shares jumped on the news. Must Reads Nvidia Touts Progress Getting New Rubin Design to Customers Nvidia Corp., the semiconductor company at the heart of the artificial intelligence boom, said its latest chip designs are making their way to customers and will help solidify the chipmaker’s leadership in the industry. Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales Apple Inc. is preparing to introduce Apple Upgrade, a leasing program that will mark one of the biggest-ever changes to how the company sells devices. SpaceX’s Great Unlocking Begins With $116 Billion Share Release SpaceX has set the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion worth of stock becoming eligible for sale for the first time next month. Beyond The Brief Alphabet is among the Big Tech companies that plan to invest more than $750 billion this year on data centers, chips and other equipment to run artificial intelligence work, Davey Alba reports in today’s Tech In Depth. Investors will begin to see whether that spending is worth it Wednesday when Alphabet reports its earnings — the first Big Tech company to release results in this quarterly cycle. 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 Game On It took Valve 14 years to build the Steam Machine, its living-room video-game computer that finally came out this summer, Jason Schreier reports in this week’s Game On. Despite the wait, and a higher cost than Valve originally planned, it’s a hit with the company selling every unit produced so far, he writes. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. Before You Go... France Passes Bill to Ban Social Media for Children Under 15 France passed legislation to restrict the use of social media for children under 15 years old, becoming the first major European country to do so in a move that may strain relations with US technology companies and President Donald Trump. 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 |