Elon Musk said any damages he may win during his upcoming trial against OpenAI should be awarded to the artificial intelligence startup’s nonprofit, rather than to himself.

Marathon Asset Management Chair and CEO Bruce Richards explains why he sees a correction in direct lending. Speaking on "Bloomberg The Close," Richards says software has the biggest problems in direct lending, expecting the default rate to go to 15% in that sector. (Source: Bloomberg)

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Intel’s plan to join Elon Musk’s Terafab project with Tesla, SpaceX, and xAI. Plus, Broadcom and Google expand an agreement with Anthropic to power the AI startup’s burgeoning operations. And Bill Ackman looks to make a deal for the world’s largest music company, Universal Music Group. (Source: Bloomberg)

Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to expand into equity trading and payments in Australia after receiving a financial services license.

Super Micro Computer Inc. said a committee of its independent directors has hired a law firm and is investigating the circumstances surrounding an indictment last month of two employees and a contractor over the sale of servers to China.

The crew of Artemis II is on their way back to Earth after breaking the record for distance traveled by humans into deep space and viewing the far side of the moon. Ed Ludlow and Caroline Hyde discuss milestones and what comes next on “Bloomberg Tech.” (Source: Bloomberg)

The HumanX conference is underway, highlighting developments in AI. Wesley Chan, managing partner at FPV, discusses some of the nonobvious industries where startups are leveraging AI. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)

TikTok advertising leader Khartoon Weiss is leaving the short-form video company, joining a wave of American executives stepping down over the past year.