Apollo Global Management President Jim Zelter discusses the firm’s partnerships with the New York Yankees and Nvidia, the “unprecedented” scale of the AI capex markets, and why he believes “rates are going to be higher for a while.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Clara Wu Tsai, co-owner of the New York Liberty and Brooklyn Nets, explains why sports have become a legitimate asset class and argues that live sports have become increasingly valuable in the age of AI because they offer something unscripted, unpredictable and communal. Wu Tsai joins David Rubenstein for the premiere episode of The David Rubenstein Show: Peer to Peer Conversations, Season 12. This interview was recorded June 4, in Brooklyn, New York. (Source: Bloomberg)

Blue Energy Global Inc. has begun an application to install a small reactor at a Texas power plant it’s developing to supply a Crusoe Inc. data center, which will initially run on natural gas before adding nuclear power.

Indian retailers and stockbrokers are worried that a new fee on payments through the state-backed digital network could increase costs, squeezing margins.

SK Hynix Inc. said that it’s exploring options to boost its global competitiveness after a report that it may team up with Intel Corp. to make semiconductors in the US.

The next earnings season is set to be robust across the board, as the benefits of artificial intelligence spending start to flow across the economy.

JPMorgan Chase & Co. and Goldman Sachs Group Inc. are among banks lining up to finance billions of dollars in European AI debt as the region races to close the gap with the US.

The AI kingmaker also fancies himself a savvy venture capitalist

A particularly pointed balancing act for finance and investing executives

Almost one in ten UK workers have used an AI tool that their employer has banned or would disapprove of, according to a survey by Deloitte that highlights the growing tension between employees and their bosses over using the technology.

LuxExperience, owner of the e-commerce site Mytheresa, posted a rise in sales as the multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a tough environment for high-end fashion.

At a Meta Platforms Inc. board retreat last December, Chief Executive Officer Mark Zuckerberg asked Dina Powell McCormick to take a walk with him around his sprawling Kauai compound, known as Koolau Ranch.

ByteDance’s Zhang Yiming has become Asia’s richest person for the first time, marking a comeback for the TikTok developer as fortunes linked to AI surge above the billionaires of traditional industry. Pui Gwen Yeung has more. (Source: Bloomberg)

The European Union is working to ban social media for kids under 13 and restrict the use of technology and artificial intelligence services for older children, European Commission President Ursula von der Leyen said in her annual address Wednesday.

Hong Kong leader John Lee has unveiled the city's first five-year plan, a blueprint his administration has crafted as it seeks to align the city's priorities with China’s national strategy. (Source: Bloomberg)

Alan Chan, Managing Partner at the Hong Kong-based family office Full Vision Capital, discusses his vision for investment opportunities for Hong Kong, and the city's move to align closer to China's economic plans with its own five-year plan. The firm focuses on investments that support Hong Kong's green transition and innovation development. He speaks with David Ingles on "Bloomberg: The Asia Trade". (Source: Bloomberg)

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said artificial intelligence labs should rely on independent evaluators and advisers to ensure that models are safe.  Earlier, Nvidia Corp. Chief Executive Officer Jensen Huang made similar remarks, saying safety should be a regular part of the development process, and companies can decide not to release things that are harmful. Bloomberg Intelligence's Matthew Bloxham breaks down the situation. (Source: Bloomberg)

ByteDance’s Zhang Yiming has become Asia’s richest person for the first time, marking a comeback for the TikTok developer as fortunes linked to artificial intelligence surge above the billionaires of traditional industry.

SoftBank Group Corp.’s credit default swaps rose to the highest level since 2023 as traders assessed risks surrounding OpenAI, one of SoftBank’s biggest bets.

The US is investigating potential cyberattacks on oil and gas tankers, as concerns grow around the threat to maritime safety posed by hackers interfering with vessels’ electronic systems.