Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding.
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Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding.
On a recent Friday night, the US made two drastic moves that could end up altering the future of artificial-intelligence-powered warfare. Just after 5 p.m. Eastern time on Feb. 27, Donald Trump’s administration declared that Anthropic PBC, the $380 billion startup whose Claude-branded AI products have recently become ubiquitous, was a supply chain risk. In addition to making consumer-facing chatbots and coding tools, Anthropic had major contracts to provide AI services to the military. That relationship had gone sour when the company refused to allow its tech to help enable mass domestic surveillance or fully autonomous weapons, while the government said it should be able to use the tech for all lawful purposes. Bloomberg Katrina Manson discusses her new book Project Maven (Source: Bloomberg)
Freshfields Partner and Co-Head of US Corporate and M&A Ethan Klingsberg discusses navigating regulation, key M&A strategies, and why we may see 'transformative M&A' in the next few months. He talks with Bailey Lipschultz and Katie Greifeld on "The Close." (Source: Bloomberg)
The worst performers included cosmetics companies, cruise operators, airlines and Paramount Skydance, which was down 33% for the month
The company, which is flush with cash from sales of its market-leading GLP-1 franchise, has been an active dealmaker.
The investment bank has “high conviction” in Amazon’s growth potential — with AWS estimates that are far above what investors may be expecting.
Bloomberg's Loren Grush said that NASA's Artemis II mission to get back to the moon is aimed at being a 'proving ground' for potential missions to Mars. She said that NASA hopes to take the lessons learned on the moon and use them to figure out the challenges of living on a surface much farther away. Grush also weighed in on the stakes surrounding NASA's focus on the moon, as the agency tries to prove its worth amid budget concerns and the private space race. (Source: Bloomberg)
Trump has put pressure on Congress to pass the SAVE America Act, a measure that would require photo identification and proof of U.S. citizenship to vote.
Famed short seller Carson Block is placing bearish bets on some of the biggest corporate credit ETFs as a way to hedge the risk of economic malaise caused by AI.
Peter Atwater, president of Financial Insyghts, said that fallout from the Iran war is 'disproportionately' impacting those at the bottom of the 'K-shaped economy' as Americans feel the crunch of higher energy prices. Atwater says that the US has a 'Downton Abbey' economy, where those at the top can get anything delivered and prepared by others and don't see what is happening below. (Source: Bloomberg)
The round totaled $122 billion of committed capital, up from the $110 billion figure that was previously announced.
In the face of ‘sky-high gas prices, everyone will be cut more slack,’ one economist says
With Microsoft losing almost a quarter of its value this year, investors have reset the company's earnings multiple to the lowest since late 2022.
Nike reported quarterly results that were a bit better than Wall Street’s expectations, but investors still didn’t appear convinced of the sneaker giant’s turnaround efforts.
Freed from US punishment, the bank has become a stabilizing force in this linchpin of the world financial system
Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in China.
Kid Rock is a prominent supporter of President Donald Trump and performed at the 2024 Republican National Convention.
Claude Code has seen massive adoption over the last year, and its run-rate revenue had swelled to more than $2.5 billion as of February.
The Teamsters alleged Amazon illegally docked employees' unpaid time off after they walked off the job, calling the practice "unlawfully coercive."
Apple is going against its founding mission from 50 years ago by standing in the way AI coding, or vibe-coding.
Canada’s top securities regulator alleged that KPMG LLP, the auditor for four funds managed by collapsed private lender Bridging Finance Inc., failed to properly value the loans held within the funds, harming investors.
OpenAI is set to gain exposure across some of Cathie Wood’s Ark Investment Management ETFs, the latest test of whether surging demand for pre-IPO stakes can be pushed into vehicles built for daily trading.
Breaking the encryption behind major cryptocurrencies like bitcoin and ether may be easier than previously thought, according to a new research paper from Google released Tuesday.