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, sparking debate over federal versus state oversight of AI technologies.

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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 consumption 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 and search 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 it seeks 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 and investment between the Middle East and the United States.

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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 discovery company, is reportedly considering a $200 million initial public offering in Hong Kong, as the sector continues to attract significant capital.

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After Driving Down Oil, Saudi Arabia’s MBS Looks for Trump Dividend

By Bloomberg News | May 12, 2025

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Saudi Crown Prince Mohammed bin Salman is seeking to leverage his relationship with Donald Trump for economic and political gains, following a period of aggressive oil price management.

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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 platform DeepSeek claims its ChatGPT rival operates at a fraction of the cost, raising questions about the sustainability of high AI budgets in the industry.

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

By Bloomberg News | 2024

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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/Bloomberg | 2025

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Over 160 new AI data centers have been built in the US in the past three years, many in regions already facing water scarcity, exacerbating local resource challenges.

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

By Bloomberg News | 2025

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The Trump administration is encouraging startups to transform the US military, setting the stage for a major battle over the Pentagon’s massive defense budget.

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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 its own missile shield, dubbed the ‘Golden Dome’.

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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 regulators are imposing stricter rules on tech giants like TikTok and Meta, even as similar efforts in the US face political and legal hurdles.

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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 as the automaker accelerates its push into autonomous vehicles.

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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, straining infrastructure and resources worldwide.

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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 capable of generating text, questions remain about their effectiveness in financial analysis and stock picking.

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Why AI Is Next Flashpoint in US-China Tech Rivalry

By Bloomberg News | June 29, 2023

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