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. (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.

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.

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)

Artificial intelligence research startup Lila Sciences Inc. is in talks to raise about $2 billion at an expected valuation of about $8.5 billion before the new money, according to people familiar with the matter.

The only thing harder than creating the world’s most valuable company? Staying on top.

Christina Minnis, global head of the alternatives origination group at Goldman Sachs, says lines are blurring between different businesses, noting that businesses such as structured products, investment-grade debt and leveraged finance sit on one floor at Goldman Sachs. She speaks at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)

Billionaire investor Ray Dalio said the booming artificial-intelligence market shows signs of a bubble that will eventually burst.

Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares. Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, discusses Bitcoin's latest moves and Charles Schwab's report on mining economics and digital asset outlook. (Source: Bloomberg)

On this episode of Stock Movers with John Tucker: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company’s focus on growing its luxury business and improving its assortment is paying off. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company’s history, GameStop said in a regulatory filing Tuesday. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations. (Source: Bloomberg)

Elon Musk’s xAI has paused hiring for professionals to train its Grok chatbot on a range of specialized skills, according to people with knowledge of the matter, marking a potential shift in how the artificial intelligence firm develops its technology.

Adobe Inc. is eyeing two internal leaders in its quest for a new chief executive officer and has hired a well-known search firm to find external candidates who could be suited to running the company in the AI era.

Bloom Energy Corp. struggled for years to convince investors its fuel cells were a practical alternative to cheaper sources of electricity. Then Brookfield Asset Management Ltd. came along right as the AI boom ramped up.

Google parent Alphabet Inc. 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.

Uber Technologies Inc. said it is cutting 23% of jobs in a division that includes human resources, recruitment, workplace facilities and culture, part of a move by the rideshare company’s newly promoted president Jill Hazelbaker to simplify team structure.

Centerbridge co-founder Jeff Aronson says private credit is not a systemic risk to the US economy, despite growing concerns about the sector. He also discusses how AI is reshaping investing, while arguing that it won't replace human judgement. Aronson reflects on his journey from lawyer to distressed debt investor and explains how he went on to launch Centerbridge in 2005. Aronson sits down with David Rubenstein for the premiere episode of Bloomberg Wealth Season 6. This interview was recorded April 21 in New York. (Source: Bloomberg)