Nvidia touts the future of AI

The company seeks to extend demand for the technology to a time chips will be plentiful ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 $219.74 -2.3% Apple Inc $310.03 +1.5% Amazon.com Inc $259.45 -0.7% Market data as of 07:01 PM ET. Data is subject to provider delays. Your watchlist Top Stories App Store changes: Apple agreed to lower its developer fees for its App Store in Europe. It’s a major concession. TikTok payments: The social media app is exploring a feature to let users send money to one another in direct messages. The tool would be another way to keep people glued to the app. Baidu’s slump: Revenue fell for a fifth straight quarter at China’s internet search leader. AI is to blame. Must Reads Anthropic Pre-IPO Credit Facility Set to Climb Past $10 Billion Anthropic PBC’s revolving credit facility is set to rise above its roughly $10 billion target, according to people familiar with the matter, as the artificial intelligence firm prepares for a highly anticipated initial public offering. OpenAI Makes AI Safety Changes in Wake of Hugging Face Breach OpenAI said it’s implementing more aggressive systems to monitor and safeguard artificial intelligence models under development after recent cybersecurity incidents ignited concerns about AI tools running amok. Chip Rout Pulls Stocks Down as Bond Angst Lingers: Markets Wrap A selloff in chipmakers sent stocks lower, with the market also falling as growing anxiety about inflation and rising government debt kept bond yields elevated. Beyond The Brief Nvidia CEO Jensen Huang has been ahead of the curve when it comes to AI, putting his company in a position to lead the industry, Ian King reports in today’s Tech In Depth. But Huang’s effort to enlist Wall Street to finance the next state of growth in the technology across the economy has raised concerns from investors. They’re wondering whether the AI boom is built on sustainable demand or a shortage of chips that has driven up the value of the equipment, he 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... Pennsylvania Governor Josh Shapiro to Limit New Data Centers Pennsylvania Governor Josh Shapiro ordered strict new guardrails on data centers in the state, joining a rush of states pushing back against soaring corporate investment fueled by the development of artificial intelligence. 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 |