Nvidia sharing the wealth

Nvidia’s biggest overseas investment marks MediaTek as the next big name to watch in AI chipmaking. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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 MediaTek Inc NT$4,315 +9.9% Tencent Holdings Ltd HK$443.60 -2.1% Apple Inc $316.85 -0.9% Market data as of 02:52 AM ET. Data is subject to provider delays. Your watchlist Top Stories Cook’s goodbye: Outgoing Apple Chief Executive Officer Tim Cook told employees he’ll miss his job. Read his memo here. China’s critique: China criticized Anthropic, saying it’s failed to adequately oversee the safety of its AI models. The charge came in advance of a US-China meeting on AI. Deal in Texas: Anthropic is busy investing in more computing capacity, striking a new deal with Nvidia-backed Lambda for a data center in Nueces County, Texas. It’s a $35 billion agreement. Must Reads Amazon Sued by FTC Over Claims It Ripped Off Advertisers The US Federal Trade Commission and a group of US states sued Amazon.com Inc. over claims the e-commerce giant systematically overcharged advertisers by more than $20 billion since 2019. AI Burnout Hits the People Charged With Defending Hospitals and Banks From Hackers “The humans are going to break before the AI does.” Huawei Profit Decline Widens After Memory Crunch Takes Toll Huawei Technologies Co. posted a deep profit decline after the Chinese tech champion grappled with rising memory costs and poured more resources into semiconductor research. Beyond The Brief Nvidia’s biggest overseas investment to date is in a company that co-founder and CEO Jensen Huang knows well: MediaTek. The largely unheralded chipmaker has risen to become Taiwan’s second-most valuable company with its progress in developing AI data center tech, the very reason Nvidia invested, Debby Wu and Vlad Savov write in today’s Tech In Depth essay. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Bloomberg Live Q&A Photographer: 731/Bloomberg YOU’RE INVITED: What is it like to speak with some of the most influential names in business, tech and culture? Don’t miss this opportunity to ask Bloomberg’s Emily Chang, host of The Circuit, questions about the show, the interviews and the stories behind them in an interactive Live Q&A conversation today at 1 p.m. EDT. Click here to join the livestream and send your questions to us in advance to liveqa@bloomberg.net. Explore recent episodes here. This Week In Power On When John Ternus takes the helm Tuesday as Apple’s CEO, one of his biggest challenges will be revamping a management team that is essential in steering the company’s culture, Mark Gurman writes in this week’s Power On. Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech. Before You Go... Anthropic’s Mega-IPO Plan Looms Over Packed US Listing Calendar Anthropic PBC’s IPO is casting a long shadow over companies’ US listing plans, as they try to find room for their deals to grab attention after the Sept. 7 Labor Day holiday. 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 |