Michael Shepard
Michael Shepard is a Bloomberg News editor covering technology and strategic industries, including U.S. technology policy and data-center development.
Anthropic’s 5% Share Fund Leaves Distribution Decisions to the Company
Anthropic says it will dedicate 5% of its shares to a public benefit fund it would manage, leaving the company to decide how the stake is used and who benefits. Bloomberg’s Mike Shepard contrasts that approach with Senator Bernie Sanders’s proposal for a government-run fund and Elon Musk’s pledge to give one SpaceX share to every child in America. Musk has said the shares would come from his own holdings; Anthropic has not specified whether its stake would come from new or existing shares.
Trump and Anthropic’s Amodei Meet Amid Debate Over AI Development Speed
Bloomberg correspondent Mike Shepard reports that President Donald Trump and Anthropic CEO Dario Amodei met for dinner as they take opposing positions on AI development. Amodei has called for slowing the most advanced models and strengthening safeguards; Trump has resisted added restrictions, arguing that the US must move quickly to compete with China. The meeting was confirmed, but neither side had said what they discussed.
AI Demand Is Rewriting Tech Financing From Hyperscalers to IPOs
Bloomberg Technology’s June 2 discussion framed Alphabet’s planned $80 billion equity raise and Anthropic’s confidential IPO filing as signs that AI demand is moving from product strategy into capital structure. The central argument was that the scale of AI infrastructure spending is forcing technology companies to rethink balance sheets, IPO timing, bank fees and supply-chain risk, with SpaceX’s listing plans and memory-chip constraints showing how the pressure is spreading beyond the hyperscalers.
High-Bandwidth Memory Repricing Pushes SK Hynix and Micron Past $1 Trillion
SK Hynix and Micron’s rise past $1 trillion in combined market value was presented on Bloomberg Technology as a sign that investors are repricing high-bandwidth memory as a constraint on AI infrastructure. Bloomberg’s Ryan Vlastelica said the gains reflected growing appreciation that memory demand is feeding directly into revenue and share prices, while Ian King cautioned that memory has long been a volatile commodity business built around supply cycles. The broader argument was that the AI boom is exposing limits in hardware supply, export-control enforcement and power capacity, not simply lifting technology stocks.
Anthropic Seeks $30 Billion at More Than $900 Billion Valuation
Bloomberg’s technology program framed the day’s AI trade around access to scarce capacity: Nvidia chips for China, private capital for Anthropic, and manufacturing scale for Anduril. Its central report was that Anthropic is in early talks to raise at least $30 billion at a valuation above $900 billion, a deal Bloomberg’s Natasha Mascarenhas said would mark a major shift in the private AI hierarchy if completed. The program also treated Jensen Huang’s last-minute role in Trump’s China trip as a test of whether chip access can become a diplomatic deliverable without undermining Beijing’s domestic semiconductor strategy.
Korean AI Dividend Proposal Triggers Semiconductor Stock Selloff
A South Korean policy chief’s proposal to return part of AI-related gains to citizens jolted the country’s chip market, with Samsung and SK Hynix closing down around 5% after Kim Yong-beom argued that profits from the AI infrastructure era should be shared more broadly. Bloomberg reported that the presidential office later described Kim’s post as personal opinion, while the same program pointed to related pressure points in the AI boom: CME’s plan with Silicon Data for compute futures and Nvidia CEO Jensen Huang’s absence from Trump’s China delegation as approval for Blackwell sales looked unlikely.