Bloomberg Technology
Bloomberg Technology is a Bloomberg TV source covering technology news and analysis, with interviews and profiles focused on innovators, industry leaders, and global tech trends.
Startups Fear Frontier AI Rules Written by Big Labs
AI founders fear that calls by Anthropic and OpenAI to pace frontier-model development could let the largest labs write safety standards that smaller rivals must finance and follow, Bloomberg’s Natasha Mascarenhas reports. Early talks among OpenAI, Anthropic and Google DeepMind on common standards have sharpened the concern, while exposing a divide over whether safety coordination can proceed under existing antitrust law or needs government protection, according to Bloomberg’s Maggie Eastland.
Crypto Industry Pursues Agency Rules After Senate Blocks Clarity Act
Blockchain Association CEO Summer Mersinger says the Senate’s procedural block of the Digital Asset Market Clarity Act should not stop the crypto industry from seeking both immediate regulatory protections and legislation. She argues that the SEC and CFTC can begin building a framework to prevent failures such as FTX, but only a statute assigning authority and setting rules can give the sector durable certainty across administrations.
OpenAI Explores $1.2 Trillion Funding Round Ahead of IPO
Bloomberg’s Ed Ludlow reports that OpenAI is in preliminary, investor-led discussions about a funding round that could value the company above $1.2 trillion, up from its most recent private valuation of more than $750 billion. Shirin Ghaffary says the financing could give OpenAI more flexibility to postpone an IPO, even as Anthropic appears to be moving ahead with plans for a public filing despite growing scrutiny of AI.
Impulse’s Series D Reaches $808 Million for Spacecraft Development
Impulse Space has raised a $308 million Series D extension to develop spacecraft that maneuver payloads after launch, bringing the round’s total to $808 million. Founder and chief executive Tom Mueller says the company is building demand across commercial, NASA and government customers for its Mira and Helios systems, while its near-term flight schedule is increasingly weighted toward government work.
Frontier AI Labs Should Improve Safety Without Regulatory Bargains
David Sacks, chair of the President’s Council of Advisors on Science & Technology, argues that Anthropic and OpenAI should slow or redirect frontier-model development if they judge their systems unsafe, but do not need new regulation, antitrust exemptions or liability waivers to do so. Speaking with Bloomberg’s Ed Ludlow, Sacks says existing legal exposure, customer demands and ordinary product responsibility should compel safer development, while transparency and independent audits can provide oversight. He warns that a mandated U.S. slowdown would risk ceding ground to China, which he says is unlikely to join any global pause.
Apple’s iPhone Duo Bets Foldables Need Software, Not Just Screens
Bloomberg’s Chris Welch argues that Apple’s $1,999 iPhone Duo shows the advantage of entering foldables late: instead of merely adding a larger folding screen, Apple has reworked iOS around the device’s shorter, wider shape. In Welch’s early assessment, thumb-accessible controls, a matte 7.6-inch inner display and a barely noticeable crease make the Duo feel more coherent than earlier foldables, though its case rests on refinement rather than a single breakthrough.
OpenAI Explores Coordinated Slowdown in Frontier AI Development
OpenAI is exploring whether leading AI labs could jointly slow the development of frontier systems, Bloomberg’s Shirin Ghaffary reports, after Sam Altman raised the possibility in an all-hands meeting. The proposal is not a unilateral pause: OpenAI’s position is that pacing only matters if competing developers participate. Anthropic’s policies on withholding dangerous models and responding to misuse do not establish whether it would join such a development pact.
Microsoft Plans 38-Gigawatt Data Center Expansion Amid Compute Shortage
Bloomberg’s Brody Ford reports that Microsoft is considering a multiyear data-center expansion that could more than triple capacity to 38 gigawatts, as computing shortages force it to turn away AI and cloud customers. The plan, which Microsoft has called inaccurate in its reported details, reflects both the risk of customers shifting workloads to rivals and rising demand for CPU capacity alongside GPUs as AI agents interact with enterprise systems.
Apple Prices Its First Foldable iPhone at $1,999
Bloomberg’s Mark Gurman argues that Apple’s $1,999 iPhone Duo is designed to make foldables feel less like an unfinished category, with a less visible crease, stronger construction and resistance to water and dust, despite trade-offs in telephoto capability and battery life. He says Apple is containing the headline U.S. price while looking to higher storage tiers and international pricing to protect margins, and is positioning the larger iPhone within an AI strategy that makes the phone the center of a user’s devices, data and context.
Boring Co.’s $23 Billion Valuation Rests on an Unfinished Tunnel Build-Out
Bloomberg’s Kiel Porter reports that Elon Musk’s Boring Co. has raised $3 billion from the United Arab Emirates and affiliated investors at a $23 billion valuation, four times its previous level. The funding backs a broader tunnel expansion effort, but Porter says the company’s delivery record leaves its 2027 targets for a 60-mile Las Vegas network and Nashville’s 10-mile Music City Loop looking unlikely.
Apple Launches $1,999 Foldable iPhone Duo Above the Pro Max
Bloomberg’s Ed Ludlow reports that Apple has launched the iPhone Duo, its first foldable handset, starting at $1,999 and reaching $3,199—$700 above the entry price of the iPhone 18 Pro Max. In his first keynote as chief executive, John Ternus positioned the device as both a new premium tier and part of Apple’s push to make the iPhone an “intelligence personal hub,” while Apple’s case for arriving late to foldables rests on durability and a crease designed to be barely visible when opened.
Covenant Raises $250 Million to Scale Long-Range Missile Production
Covenant is emerging from stealth with $250 million in funding and a claim that the US and its allies need long-range, heavy-payload cruise missiles that can be bought and produced in far greater numbers. President and Chief Growth Officer Abby Denburg argues that existing “exquisite capabilities” are too costly and scarce to close what she calls the deep precision strike gap. The company’s test is whether it can turn its Anthem prototype into serial production, beginning with planned deliveries from Dallas and a parallel facility in Germany.
Apple’s Foldable iPhone Targets China With a 4:3 Display
Bloomberg’s Mark Gurman reports that Apple is preparing to introduce its first foldable iPhone, the product of roughly a decade of development and the company’s largest iPhone design change in years. He argues that limited initial production—seven million to 10 million units—and stronger foldable demand in China make it a strategic premium device rather than a near-term mass-market seller. Apple’s differentiator, Gurman says, is a 4:3 unfolded display designed to resemble an iPad in landscape orientation.
Amazon Adds Qualcomm to Reduce Nvidia Dependence
Advisors Capital Management partner JoAnne Feeney argues that Amazon’s expanded Qualcomm relationship is a supply-chain and bargaining move: another chip designer can reduce reliance on Nvidia, improve Amazon’s pricing leverage and give Qualcomm greater confidence to invest in custom-chip capacity. Speaking with Bloomberg’s Riley Griffin, Feeney frames the arrangement as a form of risk-sharing often labelled circular financing, linking buyer demand more directly to supplier investment as AI infrastructure expands.
AI Chip Demand Outpaces Packaging Capacity and Hiring
At SEMICON Taiwan, chip suppliers told Bloomberg’s Stephen Engle that the AI buildout is driving demand across storage controllers, chipmaking tools and advanced packaging, supporting forecasts of a semiconductor “super cycle” lasting through 2030. The outlook is tempered by production constraints: Taiwanese packaging company GPTC says a new factory raised capacity 50%, yet it still cannot fulfill its order book and has 200 roles vacant.
Wayve Launches Supervised Uber Robotaxi Rides in London
Wayve has begun offering Uber robotaxi rides in London with safety operators aboard, a supervised launch CEO Alex Kendall says is meant to lead to fully driverless service once the company secures production-scale vehicles, validates safety and gains regulatory approval. Kendall argues that Wayve’s end-to-end AI driver can operate across vehicle types and new cities without high-definition maps, supporting a plan to expand its Uber partnership beyond London while supplying the same technology to automakers.
AI Drove Half of Snowflake’s Quarterly Outperformance
Snowflake’s accelerating product-revenue growth is being driven in part by AI products that prompt customers to do more work on its data platform, CEO Sridhar Ramaswamy told Bloomberg Technology. He said AI accounted for roughly half of the company’s quarterly outperformance, with its free Coco coding agent designed to generate paid consumption across Snowflake rather than subscription revenue. Ramaswamy argues that Snowflake’s advantage over Databricks lies in its governed position around enterprise data, though the company must still show that delayed renewals will lift its weaker-than-expected contracted-revenue measure.
HPE Says Contracted Supply Capacity Supports Raised AI Outlook
HPE Chief Executive Antonio Neri says the company’s raised outlook is based on demand that continues to exceed available supply, backed by multiyear supplier agreements intended to support planned deliveries. He points to an expanded Oracle arrangement for gigawatt-scale AI infrastructure, including HPE Juniper networking gear, and a separate multibillion-dollar hyperscaler contract for servers used in internal AI inference. Neri argues that these deals, alongside growing enterprise AI adoption, support HPE’s forecast despite an initial negative market reaction to its results.
Nvidia’s $13 Billion Hugging Face Deal Tests Platform Neutrality
Hugging Face co-founder Thomas Wolf says the company chose Nvidia’s roughly $13 billion acquisition proposal over another funding round because it wanted greater resources to expand open-source AI while preserving its role as a neutral platform. Wolf argues that Nvidia shares Hugging Face’s commitment to open models, developer choice and robotics, though the companies have yet to specify how Hugging Face will remain compute-agnostic and independent in practice under Nvidia ownership.
Nvidia Nears $14 Billion Acquisition of Hugging Face
Nvidia is in advanced talks to acquire Hugging Face for about $14 billion, including a potential $1 billion employee-retention package, Bloomberg’s Ian King and Rachel Metz report. They say the deal would give Nvidia control of a widely used platform for publishing, finding and sharing open AI models—supporting its push to spread AI adoption beyond hyperscalers and OpenAI. The central question, King says, is whether Hugging Face can retain its broad ecosystem appeal under ownership by one of AI’s most powerful companies.
Apple Becomes an AI Selloff Refuge After Cook’s 2,300% Rally
Bloomberg’s Ryan Vlastelica argues that Tim Cook’s 15-year tenure turned Apple from a roughly $350 billion company into a $4.6 trillion one, with shareholder returns driven less by blockbuster launches than by sustained execution and a larger high-margin services business. As John Ternus takes over, Vlastelica says Apple’s comparatively limited AI exposure has also made it a relative refuge when sentiment turns against AI-linked chipmakers and infrastructure spending.
Ternus Takes Charge as Apple Prepares Its First Foldable iPhone
Mark Gurman says John Ternus takes over as Apple CEO with strong hardware credentials but a distinct management challenge: unlike Tim Cook, he is rising from peer to boss of a veteran executive team. His first major launch is expected to center on Apple’s first foldable iPhone, priced above $2,000, as longtime marketing chief Phil Schiller moves closer to retirement.
Radiant Wins $750 Million Army Contract for 15 Microreactors
Radiant has won a $750 million Army contract to supply 15 of the 20 portable microreactors planned under the Janus program, an award President and COO Tori Shivanandan says reflects the military’s confidence in the company’s technology and manufacturing capacity. Shivanandan argues that Radiant’s one-megawatt Kaleidos reactors offer the Army a more resilient energy model by bringing generation directly to where power is needed. The company must now complete testing at Idaho National Laboratory, deliver its next reactor to a military base in 2028, and scale production.
John Ternus Takes Apple Helm as Cook Retains Operational Control
Bloomberg’s Mark Gurman says John Ternus’s September 1 appointment as Apple chief executive will be a gradual succession: Tim Cook is expected to remain closely involved in operations, procurement and government relationships. But Gurman expects Ternus, Apple’s hardware engineering chief and iPhone development leader since 2020, to bring more decisive personal control to final decisions as the company prepares a major run of new devices.