>> "BLOOMBERG TECH" IS LIVE THE HEART OF SILICON VALLEY WITH ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH. " COMING UP, ALIBABA'S PROFIT PLUNGES MORE THAN 75% AFTER THE COMPANY INCREASED ITS QUARTERLY CAPEX TO ALMOST $10 MILLION FOR AI. PLUS, META HAS QUIETLY BECOME ONE OF MICROSOFT'S LARGEST AI CUSTOMERS, REVIVING CONCERNS OF CIRCULAR FINANCING. WE WILL HAVE THE DETAILS. A DEFENSE TECH STARTUP HITS A $13 BILLION VALUATION. WE WILL DISCUSS HOW THE COMPANY PLANS TO USE ITS LATEST FUNDING TO BOOST ...

Mehta has quietly become one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access the Azure cloud service as meta consumes trillions of tokens via the platform. Circular business dealings remain a concern. Brady Forbes wrote this story.It's one of the most read all across different Bloomberg platforms. I heard that right. Meta is one of Microsoft's biggest customers.Explain. Yeah, it's kind of funny, right. I mean, it's it's this, uh, circular business dealings, as ...

NEWS CONTINUES RIGHT NOW. >> AND GOOD MORNING. IT'S 10 A.M. EASTERN, 7 A. M.ON THE WEST COAST. I'M CHRISTINE ROMANS. LET'S GET YOU CURRENT TRIPLE DIGIT HEAT.BRUTAL TEMPS IN THE SOUTH HAVE SCHOOLS STRUGGLING TO STAY OPEN. PLUS A NEW THREAT OF SEVERE STORMS FACE TO FACE. PRESIDENT TRUMP WANTS A NEW MEETING WITH NORTH KOREAN DICTATOR KIM JONG UN.WE'RE LIVE AT THE WHITE HOUSE. GRIPPING NEW TESTIMONY IN THE TRIAL OF LINDSAY CLANCY, HER LAWYERS NOW ARGUING THE MENTAL HEALTH CARE SYSTEM FAILED HER. AND FIVE AMERIC ...

Retail & Consumer Sector - Walmart reported a rare quarterly sales miss with growth slowing to 2.6% in the last quarter, marking its lowest rate in six years [2][3][71] - Walmart shares fell more than 7% to over 9% following the disappointing earnings report [52][68][141] - Pharmacy business dragged on Walmart due to federal drug price negotiations making drug prices lower [3] - Walmart implemented up to 11,000 price rollbacks while competitors like Target reduced prices on 10,000 items amidst aggressive retail competition [76] - US national debt topped $40 trillion for the first time, more than doubling over the past decade [25] Technology & AI Sector - Meta quietly became one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access AI models through Microsoft's Azure cloud services [6][163] - Alibaba reported underwhelming earnings with profits plunging more than 75% as the company increases spending on AI while Chinese consumers pull back [122] Macroeconomic & Market Dynamics - US Treasury 30-year yields and bond markets faced continued pressure, remaining just a few basis points away from levels seen prior to the Treasury buyback announcement [24][87] - Brent crude oil prices climbed, trading around $93 to $94 per barrel [50][120] - Private buyers of US Treasuries, including mutual funds, foreign investors, banks, and households, now hold 70% of Treasuries compared to 30% a decade ago [20]

𝕏 is growing fastNone (@None):𝕏.com continues to surge, growing faster than Google, YouTube, Facebook, Instagram, and Reddit last month. 🔥🚀 https://t.co/hV7RHWSeiy ...

Meta is bringing Pocket, its experimental AI-powered app for creating and sharing interactive games, to users across the U.S. after quietly testing it in Brazil.https://t.co/AYFUpUIJlh ...

RT None (@None)scoop: Meta is spending hundreds of millions per year on AI through Microsoft Azure. Trillions of tokens a week. $msft $meta https://t.co/Se97FZwluG ...

RT None (@None)Microsoft's biggest AI customers are other tech companies - OAI, TikTok, Meta, Adobe, Sierra, etc https://t.co/fQZxV8VcCf ...

One of the attorneys-general in the case calls it “the largest consumer-protection lawsuit in American history”. If Mark Zuckerberg’s firm loses, it still has scope for appeal https://t.co/x8TWePuHox ...

Meta said its Muse Spark model is powering the dictation feature.https://t.co/oWe8DD8uSZ ...