Bloomberg Technology

OpenAI’s Math Advances Spark a Reckoning for Academia

A mathematician reflects on how AI is changing his profession

Why AI Is Sucking Up the World’s Wealth

Bloomberg Originals unpacks how the artificial intelligence boom has resulted in a concentration of immense wealth, pushing global trade imbalances to levels unseen since the 2008 financial crisis. (Source: Bloomberg)

Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns Grow

Firmus Grid Ltd. abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia Corp.-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.

OpenAI Investment Boosts Tiger Global's Hedge Fund

OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, with Tiger Global poised for a paper profit of $5 billion. Hema Parmar reports on "Bloomberg Open Interest." (Source: Bloomberg)

Google Launches Workplace AI Agent That Acts Like Colleague

Alphabet Inc.’s Google announced a Gemini agent for the workplace, ramping up competition with OpenAI, Anthropic PBC and Microsoft Corp. for corporate customers.

Apple Watch Series 12, Ultra 4 New Features Aren't Enough to Beat Oura, Whoop

New Apple Health features narrow the gap, but people who are serious about fitness shouldn't ditch their purpose-built health trackers yet.

Union Square Ventures Doubles Fund Size, Shrinks Team for AI Era

New York City-based venture firm Union Square Ventures is reinventing itself to better compete in the artificial intelligence race by nearly doubling the size of its core fund and whittling down its general partnership to just four investors.

Amazon Launches Alexa+ Tablet: Features, iPad Comparison, Prices, Keyboard

Unlike its outgoing Fire tablets, the new lineup finally includes Google apps and Android’s Play Store.

Fortastra Raises $30 Million to Launch ‘Bodyguards in Space’

Fortastra, a Southern California-based startup led by a former SpaceX engineer, has closed a $30 million fundraising round to provide “bodyguards in space” that can help protect civilian and defense satellites.

German Startup Trains Its Robots Using Humans Filming Themselves

Germany’s Agile Robots is training its machines by filming humans performing tasks, in a bid to compensate for a shortfall of data that is holding back industrial automation, according to its chief executive officer.

Microsoft Expands Xbox’s Movie, TV Ambitions With New Division

Microsoft Corp.’s Xbox unit is formalizing its film and TV foray with a new division focused on expanding the video-game giant’s franchises into other media.

JPMorgan's Gehl on Tech & AI Fundraising, Capex, IPO

Matthew Gehl, Co-head of International Technology Investment Banking at JPMorgan spoke to Bloomberg's Tom Mackenzie at the 2026 JPMorgan Tech Stars event in London on Oct. 6. (Source: Bloomberg)

Startups Fill a Void Left by Google to Rival Meta’s Muse

Wajo, a company founded by a former Google engineer, has released an AI agent

CH Robinson (CHRW) Buys RXO in $5.8 Billion AI-Driven Freight Deal

Ex-Flipkart Execs Press Walmart to Buy Out Their Stock Options

A group of former Flipkart executives is urging parent Walmart Inc. to buy out their stock options, seeking to cash in while the US retailer weighs options including a separate listing for the India e-commerce operator.

TCS Profit Beats Estimates as IT Deal Flow Slowly Picks Up

Tata Consultancy Services Ltd. reported quarterly profit that topped analysts’ estimates, helped by cost-cutting measures and a gradually improving contract flow that helped drive growth at Asia’s largest IT services provider.

Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding

The sudden plunge in demand for an Nvidia-backed data center company’s initial public offering is revealing fresh cracks in the AI funding boom.

OpenAI Recruits Second Sales Executive From Musk’s SpaceX in Last Month

OpenAI has appointed Ismail Elmas as vice president for sales in Europe, the Middle East and Africa, the AI developer’s second sales hire from Elon Musk’s SpaceX since September.