Normal view

Musk Allies Back Ex-DOGE Staffers Trying to Use AI to Cut Waste

Two former staffers from the Department of Government Efficiency have unveiled a new venture to buy companies and cut waste by implementing artificial intelligence, applying DOGE’s cost-cutting project to the private sector.

Antonio Gracias, left, and Elon Musk during a town hall ahead of the Wisconsin Supreme Court election in Green Bay, Wisconsin in 2025.

Huge AI Bonuses Spark South Korea Tech Wealth Fight

2 June 2026 at 21:32

Samsung averted a crippling strike by paying massive bonuses to its chip workers. But the move has sparked resentment in other divisions, fueling a global debate about how to share AI windfalls.

A Samsung flag flutters outside the company's Seocho building in Seoul on May 20. Photographer: JUNG YEON-JE/AFP

Clients Looking for Asset Distribution: Dixon

2 June 2026 at 21:24
Denelle Dixon, CEO of Stellar Development Foundation, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." The Depository Trust & Clearing Corporation said last week it plans to connect its tokenized securities platform to the Stellar network. (Source: Bloomberg)

Palo Alto Networks Raises Profit Outlook, Citing AI Demand

2 June 2026 at 21:16
Palo Alto Networks Inc. released a forecast for adjusted earnings that was stronger than anticipated, signaling ongoing demand for security services as artificial intelligence-related threats continue to raise concerns for companies and governments.

Palo Alto Networks headquarters in Santa Clara, California.

Prosus Gets Until Oct. 11 for Delivery Hero Sale After Uber Bid

The European Commission is planning to extend a critical deadline for Prosus NV to sell down a stake in Delivery Hero SE to October, buying the investor some meaningful time to thwart another possible takeover attempt of the food delivery service by Uber Technologies Inc.

The Delivery Hero headquarters in Berlin.

CoreWeave-Tied Data Center Raises $900 Million in Junk-Bond Sale

2 June 2026 at 21:10
A data center tied to CoreWeave Inc. raised $900 million from a high-yield note offering, joining a wave of junk issuers tapping debt markets to fund artificial intelligence infrastructure.

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. After a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. Photographer: Yuki Iwamura/Bloomberg

Franklin Templeton Moves More Business Onto Blockchain

2 June 2026 at 21:00
Jenny Johnson, CEO of Franklin Templeton, and Adam Back, co-founder and CEO of Blockstream, talk about the recent drop in Bitcoin prices, institutional demand for crypto and how Franklin Templeton is moving more business functions onto the blockchain. They spoke with Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)

Walmart-Backed Fintech Uses Retailer’s Reach to Challenge Banks

2 June 2026 at 21:00
Bloomberg's Paige Smith joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Walmart is one of the last remaining merchants that's been able to hold out against the swell of Apple Pay in recent years. Now, it's pushing a fledgling alternative to its huge trove of customers and employees. (Source: Bloomberg)

Galaxy Digital Sets Up Prediction Market OTC Derivatives Des

2 June 2026 at 20:57
Bloomberg's Bernard Goyder joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Crypto finance conglomerate Galaxy Digital Inc. has launched a trading desk to offer large investors better access to prediction markets via over-the-counter derivatives similar to those used in markets from interest rates to commodities. (Source: Bloomberg)

Franklin Templeton Expert Ting Highlights Enduring Strength of Korean & Taiwanese Markets

2 June 2026 at 20:37
Dina Ting, Head of Global Index Portfolio Management at Franklin Templeton, discussed the ongoing global tech rally led by markets in South Korea and Taiwan, particularly in the semiconductor sector supporting AI development. She emphasized that unlike some concerns about overheated valuations in the U.S. tech market, the semiconductor ecosystems in Korea and Taiwan are more resilient and built for the long term. She speaks to Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)

Investors Rethink Strategies Amid Mega IPOs

2 June 2026 at 20:15
Anthropic has confidentially filed to go public, pulling ahead of rival OpenAI in the IPO race, this as SpaceX gets ready to IPO this month. Emily Zheng, a senior venture capital research analyst at PitchBook, says "we are in unchartered territory" in terms of how "gargantuan" these mega IPOs are. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)

Alphabet To Raise $80B in Equity, Anthropic Files For IPO | Bloomberg Tech 6/2/2026

2 June 2026 at 19:39
Bloomberg’s Caroline Hyde and Ed Ludlow break down why Alphabet wants to raise $80 billion in equity to fund AI infrastructure expansion, while Anthropic makes its IPO move and files confidentially to go public, pulling ahead of rival OpenAI in the IPO race. Plus, Elon Musk's SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO. And, HPE CEO Antonio Neri joins on the company's annual sales outlook beating estimates on the back of massive AI infrastructure demand. (Source: Bloomberg)

Anthropic’s First-Mover IPO Edge Set to Widen Lead Over OpenAI

2 June 2026 at 18:23
Anthropic PBC pulled ahead of OpenAI with its confidential IPO filing Monday, as the free-spending artificial intelligence startups battle for a fundraising edge that’s set to determine who will win the ultimate battle for computing power. The oneupmanship in the firms’ private funding rounds, and now their progress toward going public, isn’t just about bragging rights. The risk for both firms is that the first to tap the US market’s unparalleled depth and liquidity will gain an immediate advantage in securing access to the chips, data centers and talent needed to build their AI models. With Elon Musk looking to turbocharge SpaceX’s nascent AI offerings by strapping them to a hyperscaler with a chipmaker joint venture and doing an IPO, OpenAI and Anthropic can’t risk falling behind. Bloomberg Intelligence's Matthew Bloxham takes a closer look. (Source: Bloomberg)

❌