A Tale of Two Bubbles Defining a Third

The AI craze is getting volatile as investors look more at parallels with 2008 than 1999.

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Bloomberg to Acquire Canoe Intelligence in Private Markets Push

Bloomberg LP agreed to acquire Canoe Intelligence, a platform that automates private markets data collection for institutional investors, wealth managers and family offices.

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Debt Is More Beautiful Than You Think

From sovereign bonds to modern banking, debt is one of humanity’s most elegant and misunderstood creations.

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Tech Stocks’ Rebound Stalls, Dollar Edges Higher: Markets Wrap

A rebound in chipmakers lifted stocks as dip buyers emerged amid speculation that the artificial-intelligence trade that has powered the bull market has more room to run. The dollar rose. Oil steadied...

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Chip Stocks’ Best Quarter Ever Is Ending With Some Wild Swings

Chip stocks are heading for their best quarter ever, extending an extraordinary start to the year driven by insatiable demand for artificial intelligence equipment. But after recent jitters sent the s...

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Comcast to Spin Off NBCUniversal and Sky, Sending Shares Soaring

Comcast Corp. said it plans to separate its media businesses from its cable-TV and internet operations, spinning off NBCUniversal and Sky into a new publicly traded company in a bid to increase value.

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JPMorgan’s Lake Exits, Setting Up Fresh Race to Succeed Dimon

JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents as the abrupt departure of consumer banking chief Marianne Lake marked another twist in the race to succeed Chief Executive O...

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The Billion-Dollar Peptides Gold Rush

As black-market drugs go mainstream and legalization is within reach, entrepreneurs, investors and healthcare players are racing to cash in.

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ECB’s Lagarde Warns AI Is Huge Risk for Financial Stability

Artificial intelligence can potentially lead to dangerous financial crises, and the European Central Bank is determined to ensure that doesn’t happen, President Christine Lagarde said.

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SpaceX IPO Live: Updates on SPCX Stock as Trading Starts on Nasdaq

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Palo Alto CEO’s Pay, Now Nearly $100 Million, Is Most Rejected in Corporate America

A majority of Palo Alto Networks investors have voted against the cybersecurity company’s executive pay seven times in 11 years. That’s despite the company’s stock soaring.

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Whey Protein Is Running Out as Food Companies Put It in Everything

To fuel America’s obsession, the food industry went big on whey. Now companies are grappling with shortages and hiking prices.

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Anthropic Files Confidentially for IPO As Claude Demand Surges

Anthropic PBC has confidentially submitted draft paperwork for a public listing as it races longtime rival OpenAI to make a Wall Street debut as soon as this fall.

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Anthropic Raises at $965 Billion Valuation, Eclipsing OpenAI

Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time.

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Taiwan Said to Suspect Nvidia Chips Smuggled to China Via Japan

Taiwan prosecutors suspect that three individuals successfully smuggled at least one shipment of Nvidia Corp. AI chips to China after first exporting them to Japan, people familiar with the matter sai...

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AI Today

Chronicling the disruptions and threats of AI on businesses, workers, finance and economies with analysis from Bloomberg’s global newsroom.

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Content Insights Analyst, News & AI

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Target’s Biggest Sales Gain in Four Years Signals Turnaround Under New CEO

Target Corp.’s turnaround bid is gaining traction, with the company posting its best comparable sales growth in four years and boosting its outlook.

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I Have Seen the Future of Physical AI in Dusty West Texas

I was in West Texas recently to witness firsthand the emerging practical applications of artificial intelligence. What I saw bolstered my conviction about the technology’s progress and the need to mol...

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US Producer Prices Rise Most Since 2022 on Higher Energy Costs

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs.

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Jerome Powell Exits With Legacy as the Fed Chair Who Fought Back

Powell’s reputation as a champion for central bank independence was secured when he publicly challenged Trump’s Justice Department probe.

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Anthropic Unveils AI Agents to Field Financial Services Tasks

Anthropic PBC unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks, part of the company’s push to win over Wall Street.

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Anand RK and Suparna Sharma, contributors, and Natalie Obiko Pearson of Bloomberg

For “trAPPed,” a riveting account of a neurologist in India held under “digital arrest” by her phone, reporting that uses visuals and words to cast light on the growing global challenges of surveillan...

pulitzer.org

Meme Stock GameStop Pitches $56 Billion Takeover of eBay

GameStop Corp. is proposing to buy eBay Inc. for about $56 billion in cash and stock, a bold attempt by Ryan Cohen to take over a storied e-commerce name several times larger.

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UAE to Leave OPEC and OPEC+ Next Month to Pursue New Strategy

The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused b...

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Goldman, JPMorgan Show Wall Street’s Split in Quantum Computing Race

As a breakthrough proves elusive in the quest to deploy the nascent technology and boost earnings, global finance is divided on how to proceed.

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OpenAI Breaks Free From Exclusive AI Pact With Microsoft

Microsoft Corp. and OpenAI have agreed to drop the software giant’s exclusive right to sell the startup’s AI models, opening the door for the ChatGPT maker to pursue deals with cloud-computing rivals ...

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Google Plans to Invest Up to $40 Billion in Anthropic

Google will invest $10 billion in Anthropic PBC, with another $30 billion potentially to follow, strengthening the relationship between two companies that are at once partners and rivals in the race t...

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