Isomorphic Labs, an AI-powered drug discovery startup spun out of Alphabet Inc.’s Google DeepMind, is in early talks to raise new funds at a valuation of at least $40 billion, according to people familiar with the effort. Bloomberg's Neil Campling has the details. (Source: Bloomberg)

Tesco Plc narrowed its profit outlook range as better sales online helped Britain’s largest grocer shrug off mounting cost pressure in the first half.

Taiwan Semiconductor Manufacturing Co. reported a 51% rise in quarterly revenue, a positive signal for investors trying to gauge the sustainability of a global AI infrastructure buildout.

BE Semiconductor Industries NV shares once rode high on optimism over its next-generation chip technology. Now, the global memory shortage has thrown the pace of adoption into doubt, and the market is losing patience.

Gracy Chen, CEO of Bitget, discusses recent swings in bitcoin and other crypto assets in what she describes as a "monkey" market. She speaks exclusively on “Bloomberg: The China Show”. (Source: Bloomberg)

Nvidia-backed data center company Firmus's IPO, set to be among the biggest listings in Australia, has become "unusually polarizing," Australian portfolio manager Jun Bei Liu of Ten Cap says. (Source: Bloomberg)

The newest hires in finance won’t have to wait years to become managers. They’ll be overseeing artificial intelligence agents from the time they join, raising the question of what happens to the current middle managers, according to Goldman Sachs Group Inc.’s Kevin Sneader.

Italy’s data center buildout could attract some €36.9 billion ($41.5 billion) of investment through 2036, as artificial intelligence and cloud computing fuel a rapid expansion of capacity, according to a study commissioned by an industry group.