A global shortage of memory chips fueled by the artificial intelligence boom poses a growing risk to industries ranging from automakers to producers of medical devices, according to a coalition of US business groups who urged the Trump administration to help increase supply of the components.

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk’s rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings.

Broadcom Inc. delivered a disappointing forecast for artificial intelligence chip revenue, signaling that the company is progressing more slowly than anticipated in the burgeoning industry.

CrowdStrike Holdings Inc. shares fell after it projected second-quarter revenue that failed to impress investors who had bid up the stock in recent months amid concerns about the threat posed by hackers armed with powerful artificial intelligence tools.

The AI-driven boom will ease up at some point in the future but not yet, Diameter Capital Partners co-founder and Managing Partner Scott Goodwin said at the Bloomberg Global Credit Forum on Wednesday.

Investors betting that more old-world auto companies are in line to benefit from the boom in artificial intelligence got another stamp of approval from Wall Street.

Classified briefings and some cybersecurity services have ceased.

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 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.

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)