Chinese AI pioneer Manus said its annual run rate for revenue is over $125 million, eight months after it released artificial intelligence agents designed to help execute tasks for users.

“There’s no real place to hide,” says Jean Boivin, head of BlackRock Investment Institute, as he explains why there is really no such thing as diversification in the current market. (Source: Bloomberg)

Chip startup Mythic Inc. has raised $125 million in a new funding round, money that will help support its attempt to challenge Nvidia Corp. in the lucrative market for artificial intelligence processors.

Radiant Industries Inc., a California-based startup, raised more than $300 million to commercialize its small reactor design as surging demand for electricity drives up interest in nuclear energy.

Cloud-computing companies including Oracle Corp., Microsoft Corp. and Meta Platforms Inc. have committed to spend a combined $500 billion on data center leases in the coming years, an astronomical sum that underscores the bet the industry is making on artificial intelligence.

A data center firm co-founded by ex-Google chief Eric Schmidt has partnered with a major Texas landowner to develop large-scale data hubs.

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Takashi Mochizuki addresses the

Warner Bros. Discovery Inc., the parent of HBO and CNN, is advising its shareholders to reject a hostile takeover bid by Paramount Skydance Corp. in favor of its original agreement with streaming giant Netflix Inc., deeming the Paramount offer “inferior” and “inadequate.”