CrossfiledAI Companies Brace for New Challenges After Democrats’ Win
Top AI companies that had cozied up to President Donald Trump over the past two years are now bracing for the fallout from Democrats’ resounding victories in the US midterm elections.
Crossfiled / Outlets / Bloomberg Technology
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A reporting desk with editors. Crossfiled is currently carrying 17 stories from Bloomberg Technology, each shown beside every other newsroom's version of the same event.
What Bloomberg Technology is covering
Markets Are Reevaluating AI 'Speed Limit,' Schwab's Sonders Says
Liz Ann Sonders, chief investment strategist at Charles Schwab, says investors are reassessing the financial burden on hyperscalers, including their use of credit and equity financing, and whether returns on investment justify the cost of capital.
Blue Owl Sees Gains as Election Results Limit AI Compute Supply
Blue Owl is telling investors that it expects to earn more on its digital infrastructure deals as capital becomes scarcer while warning that a Democratic sweep in the US midterm elections could make it harder to add computing capacity.
MetLife Seeing Volume Growth Across the Board, CEO Says
MetLife President and CEO Michel Khalaf discusses the company's third-quarter earnings and outlook. Speaking on "Bloomberg The Close," Khalaf says MetLife has limited exposure to AI investments. (Source: Bloomberg)
Markets Reassessing Pace of AI Boom, T. Rowe Price's Wang Says
Tony Wang, science and technology equity strategy portfolio manager at T. Rowe Price, says the AI boom is not necessarily over, but markets are reassessing its pace, feasibility and long-term returns. Speaking on "Bloomberg The Close," Wang attributes the selloff to crowded positioning, leverage and
Nvidia Plunges 9% as AI Selloff Wipes Out $2.3 Trillion
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kailey Leinz, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Oil's Sudden Price Drop Surprises Citi's Chronert
Citi Head of US Equity Strategy Scott Chronert says the sudden drop in oil prices on Wednesday surprised him. Brent fell almost 9% then rebounded on Thursday. He says that took some pressure off of the inflation backdrop. (Source: Bloomberg)
Cloudflare Boosts Annual Profit View as AI Spurs Network Demand
Cloudflare Inc. lifted its profit forecast for a third time this year as rapid adoption of artificial intelligence continues to boost demand for networking services.
IonQ Sees Revenue Quadrupling on Quantum Computing Demand
IonQ Inc. now expects revenue to almost quadruple this year as both governments and private companies pour billions in quantum computing capabilities.
Airbnb Posts 19% Revenue Jump as Chesky Hails ‘Growth Mode’
Airbnb Inc. Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years and boosted full-year guidance for a third time.
Expedia CEO on Full-Year Forecast, Travel Demand and AI
Expedia CEO Ariane Gorin discusses the company’s third-quarter performance and forecast. Speaking on "Bloomberg The Close," Gorin says travel demand remains resilient, particularly among affluent consumers, but the company is seeing some moderation ahead of the fourth quarter.
Texas Satellite Maker Raises $730 Million to Launch New Network
CesiumAstro raised $730 million in its latest funding round, a cash infusion the Austin-based satellite manufacturer will use to build a satellite communications network for businesses and governments.
OpenAI Sued Over Claim ChatGPT Drafted Lethal Poisoning Plan
James Gates says he started to suspect his wife was trying to poison him after he found a handwritten note with a list of substances and dosage plans, some of which were labeled “lethal.”
Hedge Funds Were ‘Massive’ Sellers of AI Debt, RBC’s Skiba Says
Hedge funds have been heavy sellers over the last few weeks of debt related to the artificial intelligence buildout, according to Andrzej Skiba, head of BlueBay US fixed income at RBC Global Asset Management.
Shield AI To Hit $28.8 Billion Value With $5.3 Billion Radar Acquisition
Defense tech startup set to acquire Echodyne Corp., which sells radar sensors to government and commercial customers.
Apple Raises $7.5 Billion From Investment-Grade Debt Offering
Apple Inc. raised $7.5 billion from its high-grade bond offering, attracting solid demand from investors seeking a break from a glut of AI-related debt deals despite a broader selloff across markets.
Peloton Forecast Tops Estimates in Sign of Comeback Progress
Peloton Interactive Inc. forecast holiday-quarter revenue that was slightly above Wall Street’s expectations, even as the fitness company projected a year-over-year sales decline and narrower profit margins.
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Newsom Commutes the Sentences of California’s 548 Death Row Inmates
Gov. Gavin Newsom, who is considering a run for president, called capital punishment morally objectionable. Though California hasn’t executed anyone for 20 years, that represents about a quarter of death sentences nationwide.
Melania Trump calls for ‘enduring’ Russia-Ukraine peace as she hosts top officials at the White House
First lady Melania Trump expressed hope that a humanitarian ceasefire around a city in Ukraine would inspire progress toward a “more enduring” peace, as she hosted representatives from Russia and Ukraine at the White House on Thursday.
Harmeet Dhillon, DOJ's controversial civil rights chief, resigns
Harmeet Dhillon, the assistant attorney general for the Civil Rights Division, resigned from the Justice Department on Thursday.
Democratic socialist Nithya Raman defeats Karen Bass in the L.A. mayor’s race
City Council member Nithya Raman has defeated incumbent Karen Bass in the Los Angeles mayoral race, NBC News projects, capping off a rapid political ascent for a progressive challenger who railed against the “broken status quo” in the country’s second-largest metropolis.
Vance says the Iran war cost Republicans the midterms
The Iran war was the reason for the Democrats' blue tsunami that stunned Washington, Vice President Vance said in an X post Wednesday morning. Why it matters: The VP offered a surprisingly blunt assessment of why the GOP got crushed Tuesday night — and started to put at least a little daylight betwe
Russell Brand found guilty of rape and sexual assault
British comedian and actor Russell Brand was found guilty/not guilty of several charges of rape and sexual assault by a London court.
Paraguay President Santiago Peña resigns after bank collapse
The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.
Mississippi Senate race is toss-up, with razor-thin margin
The Senate race in deep-red Mississippi remains unresolved Thursday morning, as Democrat Scott Colom has mounted a surprisingly competitive challenge to incumbent Sen. Cindy Hyde-Smith.
Europe: Dozens of flights diverted following bomb threats
Hoax bomb threats hit at least 27 affected flights around Europe this week.
Google, Meta and TikTok Sue California Over Ban on Features for Kids
Separate lawsuits were filed by Google, Meta and TikTok, which have been battling a flood of claims that their services are addictive.
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