Intercontinental Exchange joined forces with one of the market operators behind offshore crypto-trading platform Hyperliquid as it seeks to bring perpetual futures products into US regulated markets. ICE and Trade.xyz are planning a new market for trading perpetual futures contracts, with its own clearing, know-your-customer and anti-money laundering systems. Jeff Sprecher, Intercontinental Exchange Founder, Chair and CEO, joins Bloomberg Businessweek Daily to discuss the agreement, plus […]

Artificial intelligence startup Baseten is set to raise new funding that would more than double its valuation to about $30 billion, according to people familiar with the efforts.

S&P Global Ratings took an early step toward potentially downgrading Meta Platforms Inc.’s credit rating within the next two years, amid growing pressure on the tech company’s balance sheet stemming from elevated spending tied to artificial intelligence.

FuelCell Energy President and CEO Jason Few discusses public concerns over higher utility bills, water use and fossil-fuel infrastructure. Discussing a proposed project in Newport Township, Pennsylvania, where FuelCell Energy would supply power but is not the developer, Few said communities should have a say and projects should be judged on their actual effects—not rejected simply because they are data centers. He speaks with Romaine Bostick & Kristine Aquino on "The Close." (Source: […]

Shares of Opay Ltd., a Nigeria-focused payments platform, didn’t begin trading in New York as expected after the company raised $304 million in a US initial public offering priced at the bottom of the range.

Jacob Thaysen says Illumina delivered a strong third quarter, beat expectations and raised its fourth-quarter outlook. He said the company has moved from essentially flat performance to mid-single-digit growth over the past 18 months and remains committed to its high-single-digit growth target for 2027, with clinical business serving as the main growth driver. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

On this episode of the Power On podcast, Chris Welch joins Mark Gurman to unpack reports of cracked displays and why Apple’s limited supply has made getting a replacement so difficult. (Source: Bloomberg)

The five largest players in the data center race have committed more than $3 trillion in spending over the coming years, pointing to massive ongoing investment in AI infrastructure.