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Showing 1-18 of 34Results matching "Bloomberg"

Today

6 stories

3 hours ago

Broadcom Forecasts $230 Billion in AI Chip Revenue for Fiscal 2028

The long-range target would put Broadcom on a far larger AI-chip trajectory. Its fourth-quarter guidance is the next concrete measure of whether that momentum continues. Broadcom CEO Hock Tan forecast that the company’s AI-chip revenue will reach about $115 billion in fiscal 2027 and $230 billion in fiscal 2028.

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Enterprise adoption Business

7 hours ago

Napster Pursues Penny-a-Minute AI Agents Through Microsoft

The former music platform is betting that a low price can make enterprise agents easier to sell. A 2025 coaching pilot shows the Microsoft relationship has already moved beyond a partnership announcement. Napster is pursuing low-cost AI agents through Microsoft, putting a price of about a penny per minute at the center of its next business direction.

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Funding Startups

9 hours ago

Lyte Raises $165M at $1.6B Valuation for Robot Perception

The Series C places a $1.6 billion price on Lyte’s combination of custom chips, sensing and AI software, with warehouses and factories as its initial market. Lyte is pitching technology meant to give robots a more detailed read of the physical world. Lyte develops custom silicon, 4D sensing, RGB, motion awareness and AI software for robotic perception.

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Government action Infrastructure

11 hours ago

Nvidia’s Huang Urges G20 Countries to Build AI Infrastructure for Economic Growth

The Nvidia chief’s pitch puts domestic data centers at the center of national AI strategy. Nvidia’s Ohio project illustrates the physical requirements behind that argument: land, electricity and buildings alongside computing hardware. Jensen Huang wants the world’s largest economies to treat AI capacity less like a software purchase and more like a utility buildout.

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Business

11 hours ago

Enflame’s Retail IPO Tranche Is Subscribed 4,073 Times

The Tencent-backed AI-chipmaker’s retail orders totaled roughly 5.98 trillion yuan, while CXMT’s July offering remains the larger cited retail order-book comparison. Shanghai Enflame Technology’s retail IPO tranche was subscribed 4,073 times. The result gives the Tencent -backed AI-chipmaker a striking public-market demand signal.

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Enterprise adoption Startups

13 hours ago

ElevenLabs Hires OpenAI Sales Leader as Enterprise Revenue Reaches 55%

The appointment puts a dedicated leader over sales and partnerships as business customers become the larger share of the voice AI company’s revenue. The disclosed percentages show a changing mix, not the dollar scale behind it. Business customers have become the larger side of ElevenLabs’ revenue mix, making sales and partnership execution a more immediate part of its growth plan.

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Yesterday

1 story

Funding Startups

Yesterday

Cognition Reportedly Seeks $1B at $47B, Three Months After $26B Mark

The proposed financing would lift the price of Cognition sharply from its reported mark three months ago. Investor interest is substantial, but the round remains unclosed. Cognition is reportedly seeking about $1 billion at a valuation of roughly $47 billion, setting a new proposed benchmark for the company behind the AI engineering agent Devin.

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Earlier this week

2 stories

Launch Infrastructure

Aug 31, 2026

Build American AI Takes Multimillion-Dollar Data-Center Ads to Three Election States

The campaign brings organized political advertising to a facilities fight that has become a flashpoint in contests for Congress and state and local government. Build American AI is launching a multimillion-dollar advertising campaign promoting data centers in Kansas, Ohio and Wisconsin. The nonprofit says the effort is meant to shift public opinion as disputes over the facilities enter statewide election politics.

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Funding Startups

Aug 31, 2026

Lambda Adds $1B in Short-Dated Debt for Nvidia Chips Bound for Microsoft

The borrowing adds another customer-specific hardware deployment to Lambda’s balance sheet, while its reported equity plans remain unfinished. Lambda has reportedly raised $1 billion in private, short-dated debt to buy Nvidia AI chips it intends to lease to Microsoft, adding another large borrowing to its AI-cloud expansion. The latest $1 billion debt is intended to buy Nvidia AI chips for lease to Microsoft.

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Last week

6 stories

Acquisition Business

Aug 26, 2026

Nvidia Reportedly Nears $13B Hugging Face Deal, but Accounts Differ on Agreement

The reported purchase would give Nvidia ownership of a platform for sharing AI models and hosting software. The price is broadly aligned across accounts; the deal’s status is not. Nvidia is reportedly pursuing Hugging Face in a transaction valued at roughly $13 billion, putting a major AI model-sharing and software-hosting platform in the chipmaker’s sights.

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Lawsuit Business

Aug 25, 2026

AFM Drops Warner Music Parent From AI Suit, but Warner Records Pay Claims Continue

The union’s filing removes Warner Music Group Corp. without prejudice after an amended complaint named Warner Records instead. The central contract dispute remains whether AI licensing revenue must be shared with musicians. The American Federation of Musicians has removed Warner Music Group Corp. from its lawsuit over AI recording licenses, but the fight over musician compensation remains alive.

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Benchmark Business

Aug 25, 2026

Amazon Puts $25B Standalone Marker on Chip Business While Remaining a Top Nvidia Customer

Jassy’s hypothetical revenue benchmark does not describe a separately reported company, but it gives Amazon’s internal chip effort a new measure of scale as it both buys from and competes with Nvidia. Amazon CEO Andy Jassy has put a new number on the company’s semiconductor ambitions: its chip operation would generate more than $25 billion in annual revenue if it stood alone.

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Lawsuit Business

Aug 25, 2026

Sagan Estate Sues Luma Over 8-Second Ray 3.14 Ad Clip, Seeks to Block Its Use

The case centers on an alleged use of an archival recording in product marketing, testing the estate’s control over a voice it has licensed for major campaigns. Carl Sagan’s estate has sued Luma AI over an advertisement for Ray 3.14 that allegedly used an eight-second recording of the astronomer’s voice without authorization. The complaint brings copyright, false-endorsement and unfair-competition claims.

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Earnings Infrastructure

Aug 24, 2026

Nvidia Falls More Than 2.2% Before Earnings as Seven-Day Slide Extends

The coming results must answer a market already weighing semiconductor weakness, rising memory costs and questions around the AI infrastructure boom. Nvidia shares fell more than 2.2% to just under $210 around 1 p.m. EDT Monday, putting the stock on pace for a seventh consecutive daily decline.

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Government action Policy

Aug 24, 2026

Taiwan Indicts Nvidia Manager Over Alleged Diversion of 74 B300 Servers to China

The case centers on an alleged mismatch between where 130 AI servers were documented as installed and where authorities say 74 ultimately went, testing export controls from paperwork to border inspection. Taiwan has indicted an Nvidia manager surnamed Chang and eight others over an alleged operation that sent 74 servers carrying high-end B300 chips to Chinese customers.

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August 2026

3 stories

Earnings Business

Aug 23, 2026

Nvidia’s $92 Billion Q2 Forecast Puts Hyperscaler Dependence in Focus

The consensus forecast would extend Nvidia’s rapid revenue growth. Its largest customers remain central to that result while pursuing paths that could reduce their reliance on the company over time. Nvidia is expected to report $92 billion in second-quarter revenue and adjusted earnings of $2.09 a share, based on Bloomberg analyst consensus estimates cited by Yahoo Finance.

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Pricing change Infrastructure

Aug 22, 2026

Nvidia AI Server Prices May Rise More Than 15% as Memory Costs Climb

The reported increase would reach systems based on Vera Rubin and Grace Blackwell. The key variable is not only which Nvidia generation a buyer selects, but how much memory is paired with it. Some of Nvidia ’s largest customers have reportedly been told that prices for AI-chip servers will rise by more than 15% in many cases.

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Business

Aug 22, 2026

Bloomberg Reports Apple Is Reworking About 200 Roles Across Vision Pro and Siri

Apple has confirmed that some existing roles will be affected and that employees can apply for new positions. That creates an internal path, but not a guarantee of transfer for every worker. Bloomberg has reported that Apple is eliminating or realigning about 200 roles as it redirects parts of its organization toward new devices and artificial intelligence.

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