Top 10 AI News

State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill

By Bloomberg News | May 12, 2025

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A new Republican tax and fiscal bill includes a provision that would ban states from enacting their own regulations on artificial intelligence, aiming to create a unified national approach to AI governance.

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Apple to Lean on AI Tool to Help iPhone Battery Life for Devices in iOS 19

By Jason Alden/Bloomberg | May 12, 2025

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Apple is planning to introduce an AI-powered battery management mode in iOS 19, aiming to extend the battery life of iPhones by optimizing power usage through machine learning algorithms.

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AI Startup Perplexity Nears Funding at $14 Billion Value

By Bloomberg News | May 12, 2025

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Perplexity, an AI search startup, is close to securing new funding that would value the company at $14 billion, reflecting the growing investor interest in generative AI technologies.

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Saudi Arabia Launches New AI Firm Ahead of Trump’s Visit

By Bloomberg News | May 12, 2025

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Saudi Arabia has announced the launch of a new artificial intelligence company as part of its efforts to position itself as a leader in AI innovation, coinciding with an upcoming visit from former US President Donald Trump.

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SoftBank Stargate Venture With OpenAI Snags on Tariff Fears

By Bloomberg News | May 12, 2025

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SoftBank’s Stargate venture with OpenAI is facing delays due to concerns over potential tariffs, highlighting the impact of global trade tensions on major AI investments.

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VC Firm Backed by Golub Family Office Starts Mideast-US AI Fund

By Bloomberg News | May 12, 2025

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A venture capital firm supported by the Golub family office has launched a new fund to foster AI collaboration between the Middle East and the US, aiming to drive cross-border innovation and investment.

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AI Drug Firm METiS Considering $200 Million Hong Kong IPO, Sources Say

By Bloomberg News | May 12, 2025

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METiS, an AI-driven drug development company, is reportedly considering a $200 million initial public offering in Hong Kong, reflecting the growing role of AI in the pharmaceutical sector.

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Silicon Valley Is Coming for the Pentagon’s $1 Trillion Budget

By Bloomberg News | May 12, 2025

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The Trump administration is encouraging startups to help remake the US military, setting the stage for a competition over the Pentagon’s massive defense budget and the future of military technology.

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What Trump’s ‘Golden Dome’ Can Learn From Israeli Air Defenses

By Amir Levy/Getty Images | April 3, 2025

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An in-depth look at Israel’s upgraded air defense system reveals lessons for the US as it considers developing a missile shield, with implications for future military AI applications.

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DeepSeek Challenges Everyone’s Assumptions About AI Costs

By Andrey Rudakov/Bloomberg | January 28, 2025

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Chinese AI company DeepSeek claims its ChatGPT rival operates at a fraction of the cost, raising questions about the sustainability of current AI spending and the future of the industry.

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AI Needs So Much Energy It’s Distorting US Power for Millions of Homes

By Bloomberg News | May 12, 2025

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A Bloomberg analysis finds that the rapid expansion of AI data centers is causing significant power distortions in US homes, especially in areas close to these facilities.

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AI Is Draining Water From the Areas That Need It Most

By Planet Labs PBC | May 12, 2025

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More than 160 new AI data centers have been built in the US over the past three years, many in regions already facing water scarcity, raising concerns about the environmental impact of AI infrastructure.

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TikTok, Meta Face Tough Curbs in Asia Even as US Efforts Stall

By Bloomberg News | May 12, 2025

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Asian governments are imposing stricter regulations on tech platforms like TikTok and Meta, even as similar efforts in the US face political gridlock.

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GM Hires Past Tesla Autopilot Developer Anderson to Top Post

By Bloomberg News | May 12, 2025

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General Motors has appointed Sterling Anderson, a former leader of Tesla’s Autopilot program, to a senior position, signaling a push to accelerate its autonomous vehicle initiatives.

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AI Wants More Data. More Chips. More Real Estate. More Power. More Water. More Everything

By Bloomberg News | December 13, 2024

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The rapid growth of AI is driving unprecedented demand for data, chips, real estate, power, and water, putting pressure on global infrastructure and resources.

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Why AI Is So Expensive

By Bloomberg News | April 30, 2024

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A look at the high costs associated with developing and deploying artificial intelligence, from hardware and data to energy and talent.

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AI Can Write, But Is It Any Good at Picking Stocks?

By Bloomberg News | July 17, 2023

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As AI systems become more advanced, investors are testing whether these tools can outperform humans in stock picking, with mixed results so far.

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Why AI Is Next Flashpoint in US-China Tech Rivalry

By Bloomberg News | June 29, 2023

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Artificial intelligence is emerging as a key battleground in the ongoing tech competition between the US and China, with both countries racing to secure dominance in the field.

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Trump Plans to Rescind Biden-Era AI Chip Curbs

By Bloomberg News | May 7, 2025