Bloomberg Nachrichten

 

Some of the world's largest technology companies swiftly quashed a California legislative measure that pitted giants like Apple Inc. and Google against smaller rivals, a display of their immense political influence in their home state....

Hedge fund manager turned NBA owner Gabe Plotkin, who shut his firm after a bruising showdown with meme-stock traders, is planning to convert some of his own assets into an ETF using a tactic that's helped a slew of wealthy investors defer tax....

Three members of Truist Financial Corp's municipal bond department have departed the Charlotte-based bank....

The National Basketball Association has received signs of interest from multiple investor groups for new teams in Las Vegas and Seattle that the league plans to sell for as much as $10 billion, according to people familiar with the matter....

Former Google DeepMind researcher David Silver has raised $1.1 billion in funding for his new artificial intelligence startup Ineffable Intelligence at a valuation of $5.1 billion....

On this episode of the Odd Lots podcast, we are joined by METR's president Chris Painter and technical staff member Joel Becker. They tell Joe Weisenthal and Tracy Alloway about the organization's focus on gauging an AI model's capability to do autonomous, complex tasks. (Source: Bloomberg)...

Carlyle Group Inc. co-founder Bill Conway is backing a new venture that aims to procure land and power in Norway and sell the assets to data-center developers and technology companies....

Billionaire Bill Ackman's IPO of his closed-end fund and his alternative asset management company is expected to raise about $5 billion, according to people familiar with the matter, the low end of the targeted fundraising range....

Banks have launched a debt sale worth over $2 billion for the auto paint and finishing division of BASF SE, amid a difficult market backdrop for the chemicals industry....

Strategy Inc. bought $255 million of Bitcoin in the previous seven days, slowing the pace of its buying of the digital currency after spending $3.5 billion over the prior two weeks....

A consortium including Macquarie Group Ltd. is nearing a deal to sell Louisiana utility Cleco Power to Stonepeak Partners LP and Bernhard Capital Partners for nearly $6 billion, according to people familiar with the matter....

Colombia is buying back $4.4 billion in outstanding bonds, closing out its third such transaction in the last year as it looks to lower borrowing costs weeks before a pivotal presidential election....

Suja Life Inc., a maker of organic cold-pressed juices and other nutritional beverages, and one of its backers are looking to raise as much as $213.3 million in a US initial public offering....

A Hut 8 Corp. project is selling investment-grade bonds on Monday to fund the construction of a data center tied to Alphabet Inc.'s Google, the latest in a string of borrowing by firms spearheading the artificial intelligence boom....

Emerging-market stocks are rallying three times as fast as US equities this year, and their lead may widen further if relative share valuations are any guide....

Real Brokerage Inc. is acquiring Re/Max Holdings Inc. in a deal valued at $13.80 a share, in the latest example of consolidation in the US real estate brokerage industry....

AI still needs to reshape our relationship with our computers....

Chinese AI models are cheaper and more adaptable than the preeminent US platforms, and studies suggest they're now almost as proficient. How did that happen?...

Olivia Wassenaar, Head of Apollo Infrastructure Group, discusses how the ongoing closure of the Strait of Hormuz is driving up fuel prices and accelerating investment in energy infrastructure. She highlights a growing focus on redundancy in Middle Eastern energy infrastructure, including maximizing existing pipelines, exploring new pipeline opportunities, and reconsidering alternative transport methods like rail. Globally, private capital is increasingly active in midstream, LNG, and power infrastructure projects. (Source: Bloomberg)...

A data center developer is seeking $4.54 billion in junk-debt financing for an artificial intelligence project tied to Nvidia Corp., testing investor appetite after a recent surge in offerings....