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AI Chipmaker Cerebras Seeks $4.8 Billion in Upsized IPO | Bloomberg Tech 5/11/2026
Bloomberg Technology· 2026-05-11 20:11
>> "BLOOMBERG TECH" IS LIVE FROM COAST-TO-COAST, WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH." SURI CRUISE IS NOW SEEKING TO RAISE AS MUCH AS --SEE -- CEREBRUS IS SEEKING TO RAISE $4.8% BILLION. CAROLINE: PLUS, A FIRST QUARTER REVENUE BEAT.ED: GOOGLE RESEARCHERS SAY THEY HAVE UNCOVERED THE FIRST-EVER ZERO DAY ATTACK BUILT BY ARTIFICIAL INTELLIGENCE. CAROLINE: WE CHECKED IN ON MARKETS THAT RELENTLESSLY PUSH HIGHER. WE ARE SEEING THE NASDAQ 100 UP .1%. WE ARE ON ...
Rezolve AI CEO Weighs In on Hostile Bid for Commerce.com
Bloomberg Technology· 2026-05-11 19:13AI Processing
Why want to become bigger. What are the opportunities to lean in as a resolve+commerce. com business.Well, so I think first of all, you gotta frame it within the context of our growth. So we're seeing fantastic growth in our business, you know, extraordinary momentum. We went from nothing to 232,000,000 of contracted annual revenue in one year. We did 60,000,000 in the first quarter in revenue versus the whole year last year, 46,000,000.So we're growing at an incredible rate. And in this space, when you hav ...
A $400 AI Bet That’s a High-Stakes Wager on the Future of Work
Bloomberg Technology· 2026-05-11 18:56
Are we seeing signs that AI is boosting productivity not at the expense of me and and labor. We are seeing signs that AI is boosting productivity, but it does seem to be coming potentially at the expense of jobs. So it is a really good news, bad news situation, I think.We just got productivity numbers out for the 2026. They came in quite high, 2.9% year over year, which was higher than people expected. So that is evidence that that robots are produce are, you know, boosting our productivity.At the same time ...
Rates Just One Factor for Stablecoin Growth, Says Circle CEO
Bloomberg Technology· 2026-05-11 18:20AI Processing
What's so interesting is the way in which you make an awful lot of your profits is largely based on government and yields, of course, with the money that you sit upon. Jeremy, how are you thinking about that amount that you currently earn back and how you're diversifying the business. Yeah.I mean, look. When when we went public last year, we talked a lot about we're building the world's largest stablecoin network. We want that network to provide the highest utility form of digital dollar money in the world. ...
BMO's Schleif Says AI Stampede Fueling Rally Beyond Tech
Bloomberg Technology· 2026-05-11 17:14AI Processing
We're in this really interesting moment. Right. Caroline said it at the top, six straight weeks of gains on the Nasdaq 100.I feel like the next phase is like this pre IPO anticipation. You know, cerebris, yes, SpaceX, June. How does that impact the market at the index level, the anticipation.Well, I think the anticipation does keep a lot of eyes, obviously, focused not just on AI, but on on the broader index. And it's interesting because on the one hand, yes, markets have gone up, but so too have earnings. ...
Why AI Isn’t a Threat to Wall Street Traders Just Yet
Bloomberg Technology· 2026-05-11 13:29
Anthropic's latest AI agents are designed to win over Wall Street, but here's why traders look safe in their jobs for now. Anthropic, the firm behind Claude, has unveiled 10 new tools aimed at banking, insurance, asset management, and fintech. It says the new agents can draft pitch decks, review financial statements, and escalate cases for compliance review.But, what is AI's actual track record when it comes to taking on human traders. Across a series of trading contests between the world's leading AI model ...
How Waymo's Driverless Strategy Compares to Tesla's
Bloomberg Technology· 2026-05-10 05:00
There is the obvious, which is the driver, the software that runs the car. But there are two other very important pieces of the tech stack. One, of course, is the simulator, which is this virtual environment where you can test the car before you deploy it on the roads.And then there is a critique, which is a piece of software that's able to detect suboptimal performance in the simulator or in the real world, because then you can hone in on those suburb suboptimal cities and then improve the driver and then ...
AI Is Reshaping Self-Driving Cars, Wayve CEO Says
Bloomberg Technology· 2026-05-09 05:00
Building an end to end system for for driving requires a completely different approach to thinking about safety, to thinking about infrastructure, simulation data, even the embedded architecture you put on the car. And this is something that we've spent the last decade building from the ground up. And what we're really excited about now is that we've got, it feels like the entire weight of the industry behind this.And it's really interesting because there are those different approaches to autonomous driving ...
CoreWeave Shares Drop After Forecast Sparks Growth Fears | Bloomberg Tech 5/8/2026
Bloomberg Technology· 2026-05-08 18:52
♪ ANNOUNCER: BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. CAROLINE: THIS IS "BLOOMBERG TECH." DISCUSSING THE COMPANY'S EARNINGS OF COREWEAVE. , BREAK BREAKDOWN THE JOBS REPORT AND IMPACT OF AI ON TODAY'S WORKFORCE WITH CLARA SHIH.CAN WE BRING DOWN MORE EARNINGS WITH LYFT'S CEO DAVID RISHER. BUT FIRST WE CHECK IN ON MARKETS MOVING ON AN INTERNATIONAL BASIS. SOME SORT OF PEACE DEAL BETWEEN THE U.S. AND IRAN AND THE FOCUS IS ALSO AN OPTIMISM AROUND J ...
Thiel-Backed Olympics Competitor Goes Public
Bloomberg Technology· 2026-05-08 18:10
Gone public. Why. Why needs it.First of all, hello, and thank you to have me on the show today. We're going public because Enhance is a movement, and we want the people in that movement not just to be part of it by watching the sports or buying Enhance products through a live enhanced platform, but by owning a piece of it too. This is why we've decided to go public and which we're very excited about having done and concluded the transaction today.So there's a is it a retail investment play here more broadly ...