Articles from www.bloomberg.com

Articles from www.bloomberg.com

US Bureau of Labor Statistics data: employment in 18 AI-exposed occupations fell 0.2% between May 2024 and May 2025, while the broader US labor market rose 0.8% (www.bloomberg.com)
2026-5-16 AI

Power prices on the largest electric grid in the US, operated by PJM, jumped 76% YoY to an average of $136.53/MWh in Q1 due to rampant demand from data centers (www.bloomberg.com)
2026-5-16

Filings: YouTube and Snap reached agreements to settle a lawsuit headed to trial in June over claims addiction to social media has disrupted students' learning (www.bloomberg.com)
2026-5-16 YouTube

Sources: the US FTC is investigating whether Arm is trying to illegally monopolize parts of the semiconductor market (www.bloomberg.com)
2026-5-16

Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices (www.bloomberg.com)
2026-5-16 IPO AI Asset

xAI launches Grok Build, an agentic CLI for coding, building apps, and automating workflows, in beta for SuperGrok Heavy subscribers (www.bloomberg.com)
2026-5-15

Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (www.bloomberg.com)
2026-5-15 China

Kioxia reports record Q4 earnings of ~$3.8B, forecasts Q1 operating profit of ~$8.2B, and says it is planning a US listing; Kioxia shares are up 300% YTD (www.bloomberg.com)
2026-5-15 4Q

Bill Ackman says his fund has taken a new stake in Microsoft after the company's recent share price decline; Ackman says investors have underestimated Microsoft (www.bloomberg.com)
2026-5-15 Microsoft

A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while steering the company toward an AI-focused era (www.bloomberg.com)
2026-5-15 Amazon AI Wall Street

Alphabet sold $3.6B of bonds in its debut yen-denominated bond sale, the largest by a non-Japanese company, as AI-driven capital spending accelerates (www.bloomberg.com)
2026-5-15 Japan AI Alphabet

California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year (www.bloomberg.com)
2026-5-15 Tax Budget California

Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (www.bloomberg.com)
2026-5-15 IPO

Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (www.bloomberg.com)
2026-5-15 AI Shopify

The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities (www.bloomberg.com)
2026-5-15 Asset Senate CFTC

A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO (www.bloomberg.com)
2026-5-15 eBay

Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short (www.bloomberg.com)
2026-5-15 Apple

Meta President Dina Powell McCormick is traveling with President Trump on his China trip and met King Charles III, indicating she is Meta's new global emissary (www.bloomberg.com)
2026-5-14 Trump China

Blackstone Digital Infrastructure Trust raised $1.75B in its US IPO, selling 87.5M shares at $20 each, and plans to acquire data centers worth $250M to $1.5B (www.bloomberg.com)
2026-5-14 IPO

Riyadh-based Stitch, which develops software for banks and financial services companies, raised a $25M Series A led by a16z, its first investment in the Gulf (www.bloomberg.com)
2026-5-14

OpenAI says it would support a global AI governance body that is led by the US and includes China as a member, similar to the International Atomic Energy Agency (www.bloomberg.com)
2026-5-14 China Energy AI

Sources: Apollo Global, Morgan Stanley, and others are testing Grok internally as part of xAI's finance sector push, but financiers are rarely using it for work (www.bloomberg.com)
2026-5-14 Morgan Stanley

Musk v. Altman: Microsoft executive Michael Wetter testifies that Microsoft has spent $100B+ on its partnership with OpenAI, including its original investments (www.bloomberg.com)
2026-5-14 Microsoft

Sources: Mistral has been developing a cybersecurity-focused AI model and held discussions about it with European banks, which don't have access to Mythos (www.bloomberg.com)
2026-5-14 Europe AI

Sources: Arm and SoftBank expressed preliminary interest in acquiring Cerebras weeks before its expected IPO; Cerebras rebuffed them (www.bloomberg.com)
2026-5-14 IPO

A profile of California Rep. Ro Khanna, who spent years cheering on the tech industry and now supports a 5% billionaire wealth tax and stricter AI regulations (www.bloomberg.com)
2026-5-14 Tax AI California

Poland says it plans to proceed with a digital services tax of up to 3% on large digital platforms, despite threats of retaliation like tariffs from the US (www.bloomberg.com)
2026-5-13 Tax Poland

Analysts: China's AI hardware suppliers face capacity constraints and component shortages, including optical and electronic chips, that may limit 2026 growth (www.bloomberg.com)
2026-5-13 China AI

Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (www.bloomberg.com)
2026-5-13 Alibaba AI 4Q

Tencent reports Q1 revenue up 9% YoY to ~$28.9B, below ~$29.4B est., and net income of ~$8.5B, meeting est., amid a costly AI pivot; its stock is down 23% YTD (www.bloomberg.com)
2026-5-13 AI Tencent

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