Classified briefings and some cybersecurity services have ceased.
Voting signage as a voter casts their ballot at a polling location inside City Hall during a primary election in San Francisco, California, US, on Tuesday, June 2, 2026. The vote tabulation generally takes days to complete in California elections, because a mail-in ballot is valid as long as it was postmarked on Election Day and received no later than seven days after the election. Photographer: David Paul Morris/Bloomberg
The future of the personal computer is a hot topic again, courtesy of Nvidia Corp.’s announcement this week with Microsoft Corp. The leader in AI hardware is taking another run at making the central component for laptops, promising to bring the biggest change to the devices in decades.
The Nvidia RTX Spark Superchip at Computex 2026 in Taipei, Taiwan, on Wednesday June 3, 2026. Computex is Asia's biggest electronics show, one that's transformed in recent years from a PC exhibition into an all-AI affair.
The owners of Xnrgy Climate Systems, a closely held manufacturer of heating an cooling parts for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter.
Robert Cohen, director of global developed credit at DoubleLine, says artificial intelligence debt will almost certainly reach bubble levels during a panel at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
Bank of America CEO Brian Moynihan discusses consumer spending trends amid rising inflation, affordability issues and the impact of AI on the banking industry. He speaks with Bloomberg's Dani Burger at the Forbes Iconoclast Summit in New York. (Corrects location of interview.) (Source: Bloomberg)
Bloomberg Intelligence's Matthew Palazola joins Scarlet Fu on "Bloomberg Deals." Google parent Alphabet upsized its equity raise to $84.75 billion from the $80 billion it announced just two days earlier in a bid to help fund growing artificial intelligence spending plans. (Source: Bloomberg)
Duke Energy President Harry Sideris says the utility is focused on keeping power affordable for customers while meeting surging demand from AI and data centers. Sideris spoke with Bloomberg’s Tyler Kendall at the Edison Electric Institute Conference in Las Vegas. (Source: Bloomberg)
GoldenTree Asset Management Founder and CIO Steven Tananbaum says he expects credit to continue to languish, though there are some pockets of opportunity, and adds that the financing of AI is an arms race. He sat down with Lisa Abramowicz at the Bloomberg Global Credit Forum in New York City. (Source: Bloomberg)
Artificial intelligence debt will almost certainly reach bubble levels eventually, given the history of periods of heavy investments in areas like railroads and the internet, said DoubleLine portfolio manager Robert Cohen.
Robert Cohen, director of global developed credit at DoubleLine, during the Bloomberg Global Credit Forum in New York, US, on Wednesday, June 3, 2026. The event gathers some of the industry's most influential voices to explore where debt markets go from here. Photographer: Michael Nagle/Bloomberg
SpaceX plans to offer shares at $135 apiece to raise $75 billion in its IPO, rejecting yet another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. Bloomberg's Katherine Doherty joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Bloomberg’s Caroline Hyde and Ed Ludlow discuss SpaceX's plan to offer shares at $135 apiece to raise $75 billion in its IPO, rejecting yet another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. Plus, Palo Alto Networks falls after the company reported its results, failing to meet elevated buyside expectations. And, candidates backed by tech billionaires and founders fall short in California's primary elections. (Source: Bloomberg)
OpenAI Chief Executive Officer Sam Altman will push his vision for public-private collaboration on artificial intelligence during a visit to Washington on Wednesday, part of a broader policy agenda that also includes creating a vehicle to pass AI’s potentially vast financial windfall to consumers.
Scott Goodwin, co-founder and managing partner at Diameter Capital, says, “the AI nativity of the college grads is so powerful that we’ve hired a number of them this year,” as the firm brings in graduates straight from college for the first time. He speaks with Dani Burger at the Bloomberg Global Credit Forum in New York. (Corrects location of interview in description.) (Source: Bloomberg)
SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.
The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn’t public. The move adds to the unconventional aspects of a deal that’s set to be the biggest ever listing.
We get reaction from George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence. (Source: Bloomberg)
Anthropic PBC has lined up banks to lead work on its IPO, according to people familiar with the matter, as the artificial intelligence company races its rival OpenAI to be first to go public.
The boom in artificial intelligence investment is a “fundamental, generational” phenomenon driving markets and filtering through to the economy at large, said Christina Minnis, global head of the alternatives origination group at Goldman Sachs Group Inc.
Christina Minnis, global head of the alternatives origination group at Goldman Sachs, during the Bloomberg Global Credit Forum in New York, US, on Wednesday, June 3, 2026. The event gathers some of the industry's most influential voices to explore where debt markets go from here. Photographer: Michael Nagle/Bloomberg
Bill Ackman is looking to sell his stake in Universal Music Group NV just days after the Amsterdam-listed company rejected a takeover bid by the hedge fund billionaire.
The Universal Music Group headquarters in Santa Monica, California, US, on Tuesday, April 7, 2026. Billionaire activist Bill Ackman has proposed a bid for Universal Music Group NV to increase returns on one of his hedge fund's biggest holdings.
GoldenTree Asset Management Founder and CIO Steven Tananbaum says credit market has "languished" but there are pockets of opportunity at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
Billionaire investor Ray Dalio says, “all great technology changes produce bubbles” and sees signs in the booming artificial-intelligence market of a bubble that will eventually burst with the converting of wealth into money. He speaks with Bloomberg’s Dani Burger. (Source: Bloomberg)
Kevin Gordon, head of macro research and strategy at the Schwab Center for Financial Research, and Ann Berry, founder of Threadneedle Ventures, talk about how they're investing in artificial intelligence. They speak at a special Bloomberg Money event just for subscribers on June 2 in New York. (Source: Bloomberg)