Anthropic PBC has begun weighing a fresh funding round that would value the artificial intelligence developer at more than $900 billion, according to people familiar with the matter, potentially leapfrogging its longtime rival OpenAI as the world’s most valuable AI startup.

Daniel Flax, Neuberger senior research analyst, discusses what the latest round of tech earnings could portend for AI companies like Apple, Broadcom and Nvidia on "Bloomberg The Close." (Source: Bloomberg)

Meta Platforms Inc. shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off. The social-media giant projected full-year capital expenditures between $125 billion and $145 billion, far exceeding analysts’ estimates and marking a roughly 7.4% increase from what the company had previously projected. The company is dealing with “higher component […]

San Francisco tech startup, Mercor, is hiring high-skilled workers for a massive undertaking: teaching AI how to do their jobs. On today’s Big Take podcast, reporter Tom Foster and host Sarah Holder break down how Mercor’s college-dropout founders built a $10 billion company aimed at automating the white-collar world. (Source: Bloomberg)

DA Davidson Managing Director Gil Luria offers his key takeaways on earnings from Amazon, Microsoft and Meta Platforms. He speaks on "Bloomberg The Close." (Source: Bloomberg)

House Republicans are investigating American technology companies’ use of Chinese artificial intelligence models, part of a broader push by Congress to limit US national security risks and to counter Beijing in the global AI race.

Amazon.com Inc. spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.

Alphabet Inc. reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.