Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs.

Anthropic PBC runs the risk of losing a wide range of US government business after the Defense Department declared it a supply-chain risk, a rare designation that until now has only been assigned to companies from adversary nations like China’s Huawei Technologies Co.

South Korea’s top power equipment maker, HD Hyundai Electric Co., is accelerating its US expansion, betting that demand for transformers and switchgear will surge as the artificial intelligence “supercycle” drives a new wave of power consumption.

The conflict in Iran is underscoring the risks of building data centers in the Gulf region, says Sam Winter-Levy, a fellow in the Technology and International Affairs Program at the Carnegie Endowment for International Peace. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Oracle is planning to cut thousands of jobs as it looks to manage a cash crunch driven by AI spending, according to sources. It's the latest major tech company to link layoffs to AI in some way. But Martha Gimble, executive director of the Yale Budget Lab, says data showing the tech is replacing human workers hasn’t turned up yet. Gimble joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

Bosch CEO and Chairman of the Management Board Stefan Hartung discusses how the conflict in the Middle East is impacting supply chains and how the world’s largest automotive supplier is dealing with rising energy prices. Hartung speaks with Bloomberg Tech’s Ed Ludlow. (Source: Bloomberg)

“I’m hoping it’s not going to be too far in the future,” Naoki Hamaguchi tells us

OpenAI is introducing an AI agent that’s meant to help security teams find and patch vulnerabilities in large databases, potentially cutting into demand for legacy cyber firms.