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Global news organization owned by Bloomberg L.P., delivering financial, business, and technology journalism via its terminal, wire, and digital platforms.
SoftBank is considering buying Allied Universal in a deal that could value the company at about $18 billion, Bloomberg News reported. The report frames it as a complement to Masayoshi Son's push into AI-powered robots and the infrastructure behind them.
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ByteDance is reportedly negotiating to buy MediaTek AI chips for its data centers, though no deal has been confirmed. Bloomberg News reported on Oct 15, citing people familiar, that an agreement is close; the buyer's 2026 AI capex guidance is 160 to 200 billion yuan.
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Goldman Sachs will pay up to $2.25 billion for Neos, whose two flagship ETFs drew $28 billion in four years. Tax attorneys and some rival issuers told Bloomberg they struggle to square the funds' tax results with the code, and asked not to be named.
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Apple co-developed seven smart-home devices with LG that will ship under LG's name, with LG handling manufacturing and support, Bloomberg reports. For teams selling locks, cameras and thermostats into HomeKit, LG is now both a rival with Apple's engineering behind it and the obvious partner to call.
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US initial jobless claims were 197,000 in the week ended Oct. 3, the fourth straight week below 200,000, Labor Department data showed. Employers are holding on to staff without adding many, so the strain falls on people already out of work while the Federal Reserve keeps raising rates.
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Tencent is weighing an offshore bond sale of up to $5 billion, months after a $4.7 billion June deal, Bloomberg reported. The company has no listed bonds due this year and has not said what the money is for, so the case for linking the sale to its AI build rests on timing.
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OpenAI has already paused some internal training runs and says it would slow its most advanced work if rivals matched it. Anthropic, in the same week, counted five attempts to use Claude for biological weapons research.
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Google is nearing a nuclear power deal with Constellation Energy worth $1 billion or more, Bloomberg News reported on Monday. If the power comes from existing plants, Google would be buying from the same fleet that already supplies Amazon and Microsoft.
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Anthropic aims to start marketing its IPO by the week of Nov. 9, according to Bloomberg, with investors putting its value near $2 trillion. Teams building on Claude will soon be able to read the vendor's losses and spending plans in quarterly public filings.
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Apple plans to unveil a smart home hub on Oct. 13 that answers each user from their own data, Bloomberg reported. Shares rose 2.2% before any price emerged, though price will show whether Apple wants volume against Amazon and Google.
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Apple CEO John Ternus is weighing year-round launches as the hardware unit removes roughly six directors and other program managers, Bloomberg reported. Staff expect the calendar change to take years, so the cost cuts should show up in Apple's numbers first.
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Bitget customers pulled about $463 million in the first 24 hours after withdrawals reopened, more than the $388 million hackers stole on September 24. The protection fund covers the theft with about $76 million to spare, so the withdrawals now test whether the $5.7 billion left in reserves matches what Bitget owes customers.
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Three 11th Circuit judges refused to pause sanctions over Trump's $10 billion IRS suit, keeping a bar on citing its settlement in official proceedings. The bar appears to reach Attorney General Todd Blanche's audit shield for the Trump family and business until the appeal is decided.
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Uber is removing about 3,300 roles and a fifth of its managers while promising $10 billion to the self-driving business it sold in 2020, and the staff who remain get roughly 300 remote seats between them.
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Citigroup's Jane Fraser describes a global wave of cyber patching. What the record behind it shows is one meeting in Washington, one frontier model release, and disclosures that AI agents have broken into companies.
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A Bloomberg investigation into an unreleased Pentagon review says CENTCOM personnel expected the Maven Smart System to flag stale or contradictory intelligence by itself. Palantir says the underlying data was never its responsibility.
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The Coast Guard sent cyber specialists, a vessel inspector and FBI operators onto a tanker underway in the Gulf of Mexico after indications of compromise, and says it has so far found no danger to the crew or the environment.
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The first Canada Investment Summit opens in Toronto with a prospectus of more than 160 projects, while new 50% US tariffs on $20 billion of Canadian goods carry a duty bill of $10 billion a year at unchanged volumes.
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A secondary market in refunded IEEPA duties is quoting the same asset at prices between 14.5 cents and 87 cents, and the consumer companies taking the cash are spending it on price cuts, vendor make-goods and 401(k) contributions.
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Semafor reports that Scott Bessent warned Bloomberg's editor-in-chief of different treatment from Treasury if a story about his two principal residences ran. It ran, and he has stayed off Bloomberg Television since.
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