Top 10 AI News

Snowflake Gives Strong Outlook With Focus on New AI Tools

By Bloomberg News | May 21, 2025

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Snowflake has delivered a robust financial outlook, driven by its strategic emphasis on artificial intelligence tools, signaling confidence in continued growth and innovation in the AI sector.

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CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs

By Bloomberg News | May 21, 2025

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CoreWeave, a cloud computing company specializing in AI infrastructure, has exceeded analyst expectations, prompting Citi to double its target price for the company.

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AI Advances Are Accelerating, and We’re Not Ready

By Bloomberg News | May 21, 2025

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The rapid acceleration of artificial intelligence is outpacing society’s ability to adapt, raising concerns about the economic and societal impacts of these transformative technologies.

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US to Keep China Chip Curbs, Spurning Nvidia’s Call for Relief

By Bloomberg News | May 21, 2025

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The US government will maintain restrictions on chip exports to China, rejecting Nvidia’s request for regulatory relief and intensifying the ongoing tech rivalry between the two nations.

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OpenAI to Buy AI Device Startup From Apple Veteran Jony Ive in $6.5 Billion Deal

By Bloomberg News | May 21, 2025

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OpenAI is set to acquire an AI device startup founded by former Apple designer Jony Ive in a $6.5 billion deal, aiming to expand its hardware ambitions in the AI space.

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BlackRock Adds to AI-Stocks Bet in $160 Billion Model Portfolios

By Bloomberg News | May 21, 2025

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BlackRock has increased its investments in AI-related stocks within its $160 billion model portfolios, reflecting growing confidence in the sector’s long-term prospects.

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Chatbot Arena Group Goes From Academic Project to $600 Million Startup

By Bloomberg News | May 21, 2025

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Chatbot Arena, which began as an academic initiative, has rapidly grown into a $600 million startup, highlighting the commercial potential of AI-driven conversational platforms.

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Palo Alto Tumbles to Lowest in a Year Following Earnings Report

By Bloomberg News | May 21, 2025

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Shares of cybersecurity firm Palo Alto Networks have dropped to their lowest point in a year after the company’s latest earnings report failed to meet market expectations.

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EU Sends New Trade Proposal to US in Step to Secure Deal

By Bloomberg News | May 21, 2025

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The European Union has sent a new trade proposal to the United States, aiming to advance negotiations and secure a comprehensive agreement.

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

By Bloomberg News | May 21, 2025

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Startups in Silicon Valley are targeting the US military’s massive budget, as the government seeks to modernize defense with cutting-edge technology and AI solutions.

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

By Bloomberg News | April 3, 2025

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An in-depth look at Israel’s advanced air defense systems offers valuable lessons for the US as it considers developing its own missile shield, dubbed the ‘Golden Dome’.

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DeepSeek Challenges Everyone’s Assumptions About AI Costs

By Bloomberg News | January 28, 2025

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Chinese AI company DeepSeek claims its ChatGPT rival operates at a fraction of the cost, prompting a reevaluation of the high budgets typically associated with advanced AI platforms.

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

By Bloomberg News | December 13, 2024

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A new analysis reveals that the energy demands of AI data centers are causing significant power distortions for millions of US homes, especially those near major data hubs.

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Inside the First Stargate AI Data Center

By Bloomberg Businessweek | May 20, 2025

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OpenAI, Oracle, and SoftBank have launched the first Stargate AI data center in Texas, aiming to set a new standard for AI infrastructure across the United States.

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Google’s Sergey Brin Gives Shares Worth $700 Million as a Gift

By Bloomberg News | May 21, 2025

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Google co-founder Sergey Brin has donated shares valued at $700 million, marking one of the largest philanthropic gifts in the tech industry this year.

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Microsoft Touts Sales in Competition With Snowflake, Databricks

By Bloomberg News | May 21, 2025

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Microsoft highlights strong sales performance as it competes with Snowflake and Databricks in the rapidly evolving cloud and AI data services market.

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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 AI industry’s insatiable demand for resources is reshaping global supply chains, real estate, and utilities, as companies race to build the next generation of AI infrastructure.

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Why AI Is So Expensive

By Bloomberg News | April 30, 2024

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

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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 sophisticated, investors are testing whether these technologies can outperform humans in stock picking and financial analysis.