Seeking the hot startups

Powerlaw is among the public closed-end funds offering retail investors a stake in private companies ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 NVIDIA Corp $211.80 +4.1% Uber Technologies Inc $72.08 -2.9% Samsung Electronics Co Ltd ₩278,000.00 +3.7% Market data as of 08:28 PM ET. Data is subject to provider delays. Your watchlist Top Stories OpenAI’s new device: The AI company is developing a mobile, screen-free smart speaker for the home. OpenAI views it as a new type of computer for the AI era. Nvidia’s chip sales: A “trivial” number of Nvidia H200 chips were shipped to customers in China, a US official said. The older AI accelerators have been a subject of trade restrictions. Uber’s food target: The ride-hailing giant is in advanced talks to buy German food-delivery company Delivery Hero. A deal would put Uber in a stronger position to compete outside the US against rival DoorDash. Must Reads ‘We Faltered’: IBM Plunges Most Since at Least 1968 on Miss International Business Machines Corp. shares slid the most in at least 58 years after the company reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers shifting their spending to chips and servers amid AI-fueled shortages. Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls Passengers are also spilling food, getting sick and, in at least two instances, giving birth in self-driving vehicles. DeepSeek’s Liang Tops Amodei and Brockman as Richest AI Founder DeepSeek founder Liang Wenfeng’s net worth more than doubled after his firm’s most recent fundraising round, making the Chinese entrepreneur the world’s richest among creators of AI models. Beyond The Brief Retail investors have had a sense of missing out as they see startups like OpenAI and Anthropic skyrocket in value, Rebecca Torrence reports in today’s Tech In Depth. But closed-end funds, which are publicly traded and own stakes in private companies, give individuals a chance to own a piece of those buzzy startups, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Before You Go... Job Hunters Are Using AI to Cheat in Interviews, and Failing at the Office This has left managers paranoid — and scrambling to reverse course. 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 |