AI Coding Startup Cognition Hits $1 Billion in Annualized Revenue

Cognition AI Inc. is on track to generate annualized revenue of $1 billion based on its performance this month, according to a person familiar with the matter, roughly doubling the artificial intelligence coding startup’s run rate from about four months prior.The company said in September that its run-rate revenue, which is a projection of a company’s annual sales based on a shorter period of time, topped $900 million, fueled by demand for its Devin AI coding software. It had previously generate

Anthropic, Akamai Strike $12 Billion AI Computing Deal

Anthropic PBC has signed an $11.6 billion, seven-year contract with Akamai Technologies Inc. for computing power, building on a previous $1.8 billion computing deal that the two companies struck earlier this year. Mandeep Singh of Bloomberg Intelligence has more. (Source: Bloomberg)

Pope Says Technology Must Help People, Warns of ‘Dehumanization’

Advances in artificial intelligence and other technologies must remain at the service of people rather than become instruments of domination and injustice, Pope Leo XIV said.

Italy’s Icop Considers Revising Takeover Offer for Trevi

Italian infrastructure construction group Icop SpA may revise its takeover bid for Trevi SpA to beat out a rival proposal by Webuild SpA, its chief executive officer said.

Trump Tells OpenAI, Anthropic to Withhold Models From UK Agency

President Donald Trump’s administration requested OpenAI and Anthropic PBC withhold new artificial intelligence models from the UK’s flagship testing agency without prior review by US authorities.

Goldman Sees Hyperscaler AI Capex Rising 50% to $1.2 Trillion

Spending on AI infrastructure by the five largest US hyperscalers is set to increase by more than half next year to $1.2 trillion, according to strategists at Goldman Sachs Group Inc.

Microsoft Abandons Personal AI Chatbot Race With Copilot Reboot

Microsoft Corp. is merging the consumer and workplace versions of its Copilot AI assistant into one product aimed at corporate customers, ceding the crowded market for personal chatbots to OpenAI, Alphabet Inc.’s Google and, now, Meta Platforms Inc.

Trump, Xi Have Realized They Need Each Other: China Beige Book

China Beige Book COO and Managing Editor Shehzad Qazi examines the takeaways from US President Donald Trump’s meeting with his Chinese counterpart Xi Jinping, with a focus on the tensions underneath the surface of US-China relations. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

SpaceX-Focused Pentagon Contracts Leave Rivals Feeling Squeezed

Satellite company York Space Systems Inc. told investors in its initial public offering this year that getting a piece of the $185 billion Golden Dome missile defense project would fuel growth. Then it ran headlong into SpaceX.

Meta Connect 2026: Muse AI Gadget Shows Ambitious Hardware Vision

Meta’s AI hardware portfolio just got a lot more interesting — and risky

Bosses Don’t Feel AI-Ready as Safety Concerns Mount

Nearly three quarters of directors say they lack sufficient skills to understand AI issues.

Jev, an AI Model That Can’t Chat, Takes On Bigger Rivals

Jev, an AI model built by a former OpenAI researcher, went viral over the past week with the promise of a cheaper and faster alternative to large language models.

What El Niño Could Cost Africa (Video)

HelloFresh Stocks, Bonds Sink as Bid to Attract Parents Falters

HelloFresh SE shares and bonds sank to record lows after the German meal-kit company struggled to attract enough busy parents to meet its full-year targets.

UBS Likes Health, EM Bonds, Commodities in Broader Play

Mark Haefele, chief investment officer of global wealth management at UBS, says investors need to be "humble" about the need to diversify portfolios. Speaking on Bloomberg Television, Haefele lists health-care stocks, emerging-market bonds, and commodities, including gold, as assets which can be part of a broader markets strategy. He also comments on the yen, saying it is not likely the currency is going to appreciate. (Source: Bloomberg)

Telefónica Weighs Sale of Venezuelan Telecom Unit After 35 Years

Telefónica SA is considering kicking off a sales process for its Venezuelan unit, according to people familiar with the matter, further shrinking the Spanish carrier’s presence in Latin America.

Former NSC China Director on Trump-Xi Summit

Liza Tobin, Former China Director at the US National Security Council and Managing Director of Garnaut Global, discusses her expectations and takeaways from the summit between Presidents Trump and Xi. She speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Hong Kong’s Buy&Ship Eyes Tokyo Listing In Japan Expansion Push

Buy&Ship is the first Hong Kong-based company chosen by the Tokyo Stock Exchange to join its initial public offering incubation program, giving it a hand in expanding its presence in Japan.

Australia Demands More AI Safeguards After Revealing OpenAI Hack

Australian Prime Minister Anthony Albanese used his trip to the United Nations to call for greater controls on artificial intelligence, pointing to the revelation that OpenAI had hacked a government website as evidence of the need for tougher safeguards.

Goldman’s Moe Says He’s in ‘Stronger-for-Longer Camp’ on AI

Artificial intelligence-related stocks remain attractive despite rising government bond yields, Goldman Sachs Group Inc.’s Timothy Moe said.

Goldman Is Underweight Hyperscalers on Debt Supply Surge

Goldman Sachs Group Inc.’s Lindsay Rosner says the bank’s asset management arm is underweight on the biggest artificial intelligence borrowers as a flood of issuance washes over the market.

Anthropic Biology Lab Enzyme Discovery Draws Caution From Scientists

Anthropic PBC’s announcement that its Claude AI model discovered an enzyme system that resembled an earlier breakthrough gene editing technology was met with caution by some experts in the field, who suggested the company oversold its significance.

Anthropic Strikes $12 Billion AI Computing Deal With Akamai

Anthropic PBC has signed an $11.6 billion, seven-year contract with Akamai Technologies Inc. for computing power, adding to the AI developer’s growing list of data center deals.

AI Takes Center Stage From Oracle to the White House

Bloomberg’s Ed Ludlow breaks down Oracle's latest move to protect itself from mounting costs on a massive New Mexico data center facing regulatory setbacks and local opposition. Plus, Meta comes out with a new palm-sized device for using its popular new AI assistant, Muse; and all eyes are on President Trump and China's President Xi Jinping as they meet in the White House and discuss AI. (Source: Bloomberg)

Darktrace CEO: AI Agents Are the New ‘Insider Threat’

Darktrace CEO Ed Jennings says AI agents are becoming a new kind of “insider threat” as companies rapidly deploy autonomous systems with access to sensitive data and infrastructure. As Darktrace launches new tools to track shadow AI, agent identities and behavior, Jennings discusses why cybersecurity is racing to catch up with adoption, what happens when agents act beyond their intended roles, and why behavioral monitoring could help companies safely capture the benefits of AI. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

AI Emerges as a Flashpoint in Trump-Xi Talks

The US-China AI race is emerging as a key issue surrounding talks between President Donald Trump and Xi Jinping, as Chinese open-weight models close the gap with leading US systems. Rhodium Group’s Reva Goujon discusses tensions over AI safety and export controls, divisions within the Trump administration over potential guardrails, and how technology restrictions, critical minerals and Taiwan factor into the broader US-China negotiations. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Meta Bets on AI, Devices for Its Next Chapter

Meta is experimenting with new ways to move beyond its social media roots, from the fast-growing Muse AI assistant to smart glasses and its new palm-sized Charm device. eMarketer Senior Analyst Minda Smiley discusses whether Muse marks a turning point for Meta’s AI strategy, why the company is testing multiple hardware form factors, and whether its latest products have staying power or risk becoming another short-lived technology fad. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

HouseCanary Files Bankruptcy to Get $260 Million Jury Award

Property data provider HouseCanary Inc. filed for bankruptcy to buy time to collect more than $260 million from affiliates of Rocket Mortgage, which were accused of stealing a computer model used to quickly value homes for real estate investors and mortgage brokers.

Qualcomm Renews Global Licensing Pact with Apple Starting 2027

Qualcomm Inc. said it has renewed its global licensing pact with Apple Inc., starting April 2027.

BlackRock, IFM Close In on $25 Billion Stack Data Center Deal

A consortium backed by BlackRock Inc. and IFM Investors Pty has entered exclusive talks for a potential acquisition of Stack Infrastructure Inc.’s Asia Pacific data centers, people familiar with the matter said.

Indonesia Court Cuts Nadiem Makarim Term in Graft Appeal

An Indonesian appeals court upheld the corruption conviction of former Education Minister and Gojek co-founder Nadiem Makarim but cut his 10-year prison sentence to nine years.

Meta Debuts Dedicated Muse Charm Gadget for AI Assistant Users

Meta Platforms Inc. unveiled a palm-sized, dedicated gadget for using Muse, the company’s popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement.

Revolut Piloting Face-Recognition Checkout for UK Businesses

Revolut Ltd. is piloting a new point-of-sale system in the UK that will let customers make in-store payments using their faces, as it pushes to bank more businesses.

Whole Foods CEO: Customers Are Making More Trips

Whole Foods CEO Jason Buechel came into the studio to speak with Bloomberg's Romaine Bostick about Amazon's approach to affordability, how customer's are changing shopping habits amid rising costs and how the healthy grocery competition has changed. (Source: Bloomberg)

Ari Emanuel Dishes on Hollywood Feuds, Paramount Merger and Elon Musk Friendship

A conversation with the pugilistic and hyperactive media mogul about his new memoir ‘Roll the Calls’

Binance Invests $100 Million in Circle, Extends USDC Deal

Binance Holdings Ltd. has invested $100 million in Circle Internet Group Inc., as the crypto companies extend an existing partnership.

Andreessen Horowitz Launches AI School as a College Alternative

Venture capital firm Andreessen Horowitz is launching a new program aimed at recent high school graduates and college dropouts that will identify and train young talent building artificial intelligence products.

DoorDash to Pay $132 Million to NYC, Workers Over Missing Wages

DoorDash Inc., the biggest food-delivery firm in the US by market share, said it agreed to a $131.5 million settlement with New York City to resolve a probe into its compliance with minimum-pay rules for couriers.

AI Shopping Bots Still Have a Hard Time Telling Web Facts From Fiction

Marketers need to provide accurate information to improve AI tools

Peloton Debuts Three Treadmills, Including the Foldable, Quiet $2,195 Tread Flex

Peloton Interactive Inc. introduced three new treadmills that will go on sale Oct. 1, including its most affordable model to date, marking a deeper push into a segment that it considers crucial to a long-promised turnaround.

Meta’s Muse AI Assistant Makes the Next Battle of the Bots Personal

Muse, the company’s latest attempt at a personalized AI assistant, is winning fans.

Meta’s Muse Revives AI Trade, Lifts Chip Stocks

Meta’s new Muse AI agent has topped Apple’s App Store and reignited the AI trade, lifting chipmakers. Anthony Stephens has more. (Source: Bloomberg)

Korean Chip Stocks Gain as Meta’s Muse AI Agent Spurs Enthusiasm

South Korean semiconductor and equipment stocks rose Tuesday, following gains in US peers, as early signs of success for Meta Platforms Inc.’s new AI agent boosted investor sentiment.

Ligent Technologies to Debut After $727 Million in Hong Kong IPO

AI computing networks maker Ligent Technologies Inc. is set to debut on the Hong Kong stock exchange on Tuesday after raising HK$5.7 billion ($727 million) in a initial public offering, adding to this year’s stampede of companies capitalizing on the global artificial intelligence buildout.

Meta’s New Muse AI App Tops Charts, Draws Strong Early Reviews

Meta Platforms Inc.’s new artificial intelligence agent, Muse, has quickly risen to the top of mobile app charts, a sign that the social media company is gaining traction in the increasingly crowded market for consumer AI assistants.

Former xAI Staffer Eyes $50 Million for Firm to Fight Deepfakes

A former xAI and Google staffer is in talks to raise roughly $50 million in seed funding for a new company focused on combating deepfakes online, according to a person familiar with the matter.

Nvidia Buying an Additional $1.5 Billion in SB Energy Shares Ahead of IPO

Nvidia Corp. is buying an additional $1.5 billion in shares of SB Energy Inc., a data center provider backed by SoftBank Group Corp., ahead of that company’s US initial public offering.

OpenAI Pushes US to Lead Effort to Set Global Standards for AI

OpenAI is urging the US to lead an effort with other countries to set standards for cutting-edge artificial intelligence, in response to mounting concerns about the potential harms of the technology.

How AI Could Spark the Next Copper Boom

AI data centers and power grid upgrades are quietly reshaping global copper demand. Morgan Stanley’s Amy Gower breaks down why data centers already punch above their weight, and why US tariff decisions could move copper next. (Source: Bloomberg)

Startups Like Harvey Embrace Open Models to Cut Reliance on Anthropic, OpenAI

The $15.6 billion legal startup Harvey built its business around training AI models like OpenAI’s GPT-4 to do specialized work for lawyers. Recently, however, soaring artificial intelligence costs have nudged it to rethink its dependence on the AI giants.

Amazon Blocks Meta’s Muse AI Agent From Its Retail Site

Amazon.com Inc. has blocked Meta Platforms Inc.’s new artificial intelligence agent from its retail site after the social media company declined a request to remove the bot.

Concerned About AI Cybersecurity: Guild

Robinhood Chief Investment Officer Stephanie Guild discusses the recent concerns over AI security and competitive dynamics with Bloomberg's Dani Burger on "Open Interest." (Source: Bloomberg)

Accenture Will Help Anthropic Test AI Model Safety

Anthropic PBC is partnering with Accenture Plc to test the safety of its advanced artificial intelligence models. Evaluators from Accenture will be embedded and tasked with trying to "break" these models before they're deployed. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)

Smart Ring Maker Oura, Backers Seek $2.2 Billion in US IPO

Health and fitness ring-maker Oura Inc. and some of its backers are seeking to raise as much as $2.2 billion in an initial public offering.

Trump, AI Boosters Miss the Mark With US Voters

Calls to press forward with the technology clash with voters who don’t see the benefits

Danske Workforce to Shrink as Technology Rolls Out Across Lender

Danske Bank A/S’s workforce will continue to shrink in coming years as customers’ needs change and the lender increasingly adopts artificial intelligence and other technology, according to a top executive.

AI Risk Is Spreading Across Stocks, Pension Funds, Bonds and Private Markets

The profitable and inescapable AI trade

Google Fined By Irish Watchdog For Location Data Rule Breach

Ireland’s media watchdog has fined Alphabet Inc.’s Google over how the tech company processed location data after complaints from several European consumer rights organizations.

AI Dissent Spooks US Investors in Philippine Hub, Official Says

Some US investors have raised questions about the prospects of a planned AI hub in the Philippines amid brewing opposition to the Washington-backed project, according to an official from the Southeast Asian nation.

South Africa’s Planned Crypto Curbs May Hit Deals Worth Millions

Digital-asset companies operating in South Africa have halted billions of rand in deals over proposed regulatory changes that would include cryptocurrencies under the country’s exchange-control regime and limit their use in cross-border transactions, people familiar with the matter said.

Meloni Eyes More Stringent School Laws to Counter Far-Right Rise

Italy’s center-right coalition government moved to counter the surge of the ultranationalist National Future party, with Premier Giorgia Meloni proposing new education laws that would place more restrictions on foreigners.