[BUSINESS]

Data center operator PolarDC raised €800 million ($930 million) through a high-yield bond offering, marking the largest junk bond deal in Nordic market history. The sale reflects surging demand for AI infrastructure financing.

Data center provider Csquare went public Thursday, raising $1.05 billion at $21 per share—below its $23-$27 marketed range. The IPO valued the company at approximately $3.25 billion.

US and Canadian video game unions have filed charges against Microsoft with the National Labor Relations Board, accusing Xbox of bad faith bargaining during contract negotiations.

Sony has deleted additional movies from user accounts, despite customers having purchased them. The deletions affect digital content previously bought through Sony's platform.

GameStop CEO Ryan Cohen signaled continued pursuit of eBay despite his $56 billion acquisition offer receiving no traction. Cohen stopped short of committing to raise the bid.

Atlas Copco AB exceeded order expectations as its chipmaking-focused business accelerated, positioning the Swedish industrial firm as a major beneficiary of the artificial intelligence infrastructure wave.

Venture firm Greylock deliberately limited its new fund to $1.5 billion despite having capacity to raise more, prioritizing deeper founder partnerships over larger asset pools.

Data center firm Csquare Inc. priced its initial public offering at $21 per share, below its previously marketed range. The pricing signals a more cautious reception in the current market environment.

The FCC is preparing to eliminate longstanding regulations that limit how many local television stations a single company can own. The changes could pave the way for broadcast TV consolidation.

Chile is positioning itself as Latin America's tech hub, but rapid datacentre expansion is accelerating the country's drought crisis and threatening vital wetlands like Quilicura, which has dried significantly in recent years.

California Gov. Gavin Newsom is blending tech-friendly policies with economic populism by proposing that Americans receive equity shares in AI companies. The proposal signals a strategic shift as he prepares for a likely presidential run.

Uber and Lyft drivers in Massachusetts have established the first unionized ride-share workforce in the United States, marking a significant shift in labor organizing within the gig economy sector.

India announced 1.28 trillion rupees ($13.3 billion) in additional funding to expand its semiconductor production capacity. The investment builds on a $10 billion incentive program launched in 2021 that successfully attracted major manufacturers including Micron.

New York became the first state to issue a moratorium on new hyperscale data centers, responding to growing concerns about energy consumption and infrastructure strain from the proliferation of these facilities.

UBS upgraded its price target for Micron Technology to $1,625 per share, marking the highest target on Wall Street. The new target represents a significant increase from UBS's previous $535 target.

ASML reported Q2 net sales of €9.3B and net profit of €2.9B, both exceeding analyst expectations. The semiconductor equipment maker raised its 2026 net sales guidance to €43B-€45B from €36B-€40B.

President Trump is expanding his data center infrastructure pledge to include Republican governors and major utilities. The agreement requires data center developers to cover their own energy and infrastructure costs.

Surging demand from data centers has increased public electricity costs by $23 billion, according to analysis. The trend reflects the infrastructure strain caused by AI and cloud computing expansion.

Countries worldwide are implementing age verification requirements and exploring dedicated online spaces for minors as concerns mount over social media's impact on child safety and wellbeing.

Instacart reported Q1 revenue of $1.02 billion, up 14% year-over-year, with gross transaction value reaching $10.29 billion. Growth slowed compared to the prior year's 16% rate, and shares dropped 11% on the earnings.

Lucid Motors rejected reports that it was considering bankruptcy, calling the claims "completely false." The denial came after the company's stock plunged more than 50% following the initial report.

Data center operator Switch has engaged investment banks for a US initial public offering expected as soon as Q4 2024. The offering could raise up to $10 billion and value the company at approximately $80 billion.

Private capital is stepping in to finance large-scale industrial projects as government budgets tighten globally. Apollo Global Management President Jim Zelter says private investors are plugging the financing void left by strapped state balance sheets.

Bank of England Governor Andrew Bailey warned Parliament that a collapse in artificial intelligence stocks could ripple through the UK economy, potentially triggering interest rate changes.

The European Central Bank announced a digital euro trial involving 36 payment service providers, including Revolut Bank, UniCredit, and Deutsche Bank. The initiative aims to test the technical and operational aspects of a potential central bank digital currency.

Governor Kathy Hochul signed legislation blocking new environmental permits for large data centers in New York for up to one year. The move makes New York the first state to impose a statewide moratorium on hyperscale data center development.

According to Gil Luria, head of technology research at D.A. Davidson, semiconductor and AI-related stocks remain fundamentally sound for continued growth. The analyst's outlook suggests the sector's momentum will persist beyond 2026.

SVP founder and Chief Investment Officer Victor Khosla flagged mounting concerns in the credit market during remarks at the Milken Institute Global Conference in Beverly Hills. Khosla validated existing worries about software stocks while detailing his concerns about broader credit conditions.

GMI Cloud, a US-based data center operator, is pursuing a NT$20.45 billion ($635 million) multi-tranche loan backed by customer GPU contracts. The financing marks one of Asia's first such GPU-collateralized deals.

Twelve state attorneys general filed suit Monday to block a proposed $110 billion merger between Paramount and Warner Bros Discovery, citing concerns over competition and consumer costs.

China has intensified its crackdown on illicit cross-border stock trading, potentially affecting up to HK$250 billion ($32 billion) in Hong Kong-linked assets. The regulatory push aims to restrict capital outflows and control investor access to offshore markets.

FCC Chairman Brendan Carr called for accelerated approval timelines for spectrum licenses and orbital data centers during a Bloomberg Tech appearance. Carr also addressed pending media consolidation deals and broadcaster obligations.

The artificial intelligence rally is delivering momentum investors their best returns in decades, with global tech stocks hitting record highs despite geopolitical tensions. Legacy tech firms like Dell, Nokia, and Lenovo are experiencing a resurgence as AI spending reaches unprecedented levels.

Toby Neugebauer, removed from his role leading nuclear data-center developer Fermi Inc., is calling for a special shareholder meeting on May 29 to expand the board and secure seats for himself and other directors.

Steve Klinsky, founder and CEO of New Mountain Capital, downplayed concerns about an AI-driven SaaS collapse, noting that recent market volatility stems primarily from retail investor redemptions rather than institutional pullback.

Electric vehicle sales rebounded sharply in Q2 2026 as rising gas prices pushed American consumers toward EVs and hybrids. The recovery marks a turning point after a sluggish winter and fall.

Twelve state attorneys general filed an antitrust lawsuit to halt the proposed merger between Paramount Global and Warner Bros. Discovery, citing competitive concerns.

An eBay investor has questioned GameStop's ability to finance a proposed acquisition, citing unclear funding sources. Bill Smead raised concerns about where the retailer would obtain necessary capital.

Climate.gov was destroyed but recovered through open data repositories. The incident highlights the critical importance of decentralized data preservation.

Global smartphone shipments have fallen to historic lows due to component shortages and economic headwinds. Apple and Samsung are among the few manufacturers maintaining momentum despite the industry-wide downturn.

8VC founder Joe Lonsdale warned Monday that China is actively stealing intellectual property from US AI and life-science startups, suggesting companies reconsider traditional patent protection strategies.

The Federal Communications Commission has cut its satellite application approval backlog in half, Chairman Brendan Carr announced. The move aims to accelerate growth in the space and communications sectors.

Joe Lonsdale, co-founder of Palantir Technologies and managing partner at 8VC, closed a record $1.5 billion venture fund as artificial intelligence drives unprecedented startup valuations and larger funding rounds.

PayPal and Coinbase have announced layoffs as software stocks face pressure from AI-related market volatility. The job cuts reflect broader uncertainty about how artificial intelligence will impact tech sector valuations and business models.

Natural gas-fired power generation in the US has reached its highest cost in at least 17 years, according to analysis firm Lazard. Costs are expected to rise further as data center demand accelerates.

Italian cable manufacturer Prysmian is actively seeking M&A opportunities worth approximately €4 billion ($4.68 billion), CEO Massimo Battaini announced Tuesday. The move comes as hyperscaler infrastructure deals accelerate.

Africa-focused data-center operator Raxio Group is entering Tanzania as it raises its total funding to $380 million, according to CEO Robert Skjødt.

Documents show Uber has pushed for a phased transition to autonomous vehicles in at least two jurisdictions, a strategy that could advantage the ride-hailing giant over pure self-driving developers. Uber simultaneously argues that industry proposals on AVs fail to protect driver rights.

PayPal reported Q1 net revenue of $8.4 billion, up 7% year-over-year, with total payment volume climbing 11% to $464 billion. The payments company is pursuing $1.5 billion or more in cost savings under new CEO Enrique Lores.

Match Group reported first-quarter earnings that beat analyst expectations as Tinder stabilized its user base and returned to growth. The turnaround signals the dating app's strategy to attract younger users is gaining traction.

Nvidia Corp. director Mark Stevens and his wife Mary are giving $200 million to the University of Southern California to support AI research and education initiatives.

European Central Bank President Christine Lagarde is accelerating plans for a digital euro as part of a broader strategy to reduce the bloc's dependence on the US and China. The initiative reflects Europe's effort to establish greater financial autonomy.

A federal labor judge ruled that software maker Atlassian unlawfully terminated an employee in 2023 for questioning manager layoffs. The company must reinstate the worker and provide compensation.

UK software and cloud services distributor Softcat is reversing its investor perception, shifting from an AI laggard to an AI winner through upgraded financial guidance.

Hedge fund Elliott Investment Management has acquired a significant stake in CCC Intelligent Solutions Holdings Inc., the car-insurance software provider currently exploring a potential sale.

Norway's sovereign wealth fund has objected to the reappointment of John Elkann to Meta's board of directors. Elkann currently chairs Stellantis and leads investment firm Exor.

New York City is enacting the first law in the United States to prohibit deceptive subscription practices. The measure targets dark patterns and complex cancellation processes that trap consumers in unwanted services.

The Trump administration is relaxing export restrictions on the United Arab Emirates, allowing the Gulf state to purchase advanced semiconductors and other high-tech components for its artificial intelligence development.

SK Hynix completed the largest foreign initial public offering in U.S. history with a $26.5 billion raise. The capital injection reflects surging demand for AI chips and positions the South Korean memory manufacturer among the world's largest semiconductor companies by market value.

Polestar announced it will stop selling vehicles in the US starting with the 2027 model year after federal authorities denied authorization over Chinese-made connected vehicle software. The Swedish-headquartered, Chinese-owned EV maker's departure leaves existing owners facing uncertain support prospects.

Allstate has accused Broadcom of subjecting it to audits in retaliation for discontinuing VMware software. Broadcom counters that Allstate is attempting to dodge legitimate compliance reviews.

Capital is flooding the space economy as SpaceX prepares a record IPO and Blue Origin pursues outside funding. Yet the industry faces a critical constraint: insufficient rocket launch capacity.

AT&T now offers customers the ability to build their own wireless plans starting at $15 per month. The entry-level option includes 1GB of data.

American hospitals are increasingly recruiting Filipino nurses for remote monitoring roles to address staffing shortages and reduce costs. The trend, however, is deepening healthcare worker deficits in the Philippines.

Fatima Boolani, Co-Head of US Software Equity Research at Citi, identifies infrastructure software as a key investment area during the current tech sector pullback driven by AI developments.

Swedish investment firm EQT AB is positioning itself to acquire software companies facing funding shortfalls following a broader sector selloff, according to a top EQT dealmaker.

More than 340 local news outlets are restricting the Internet Archive's ability to preserve their journalism. The move limits public access to archived articles and historical news content.

More than 30 states are asking a federal judge to dismantle Live Nation-Ticketmaster following an April jury verdict finding the company an illegal monopolist. The request marks a significant escalation in antitrust action against the ticketing giant.

WiseTech has started notifying staff of job losses tied to artificial intelligence advancements, but deliberately removed references to AI in communications sent to Chinese employees following legal pressure.

Blue Owl Capital Inc. is entering the data center infrastructure market with a new venture focused on developing, owning, and operating fiber networks. The move capitalizes on growing demand for data center connectivity as cloud computing and AI applications expand.

The United Nations is drafting a new international tax treaty that would allow countries to tax technology companies based on user location rather than headquarters. The shift targets firms like Alphabet and Amazon that currently minimize tax obligations by routing profits through low-tax jurisdictions.

Sonos has laid off several senior design and product management executives in recent weeks. The cuts raise concerns about the company's ability to develop innovative products beyond its near-term hardware lineup.

The FTC has reached a settlement with John Deere that grants farmers and independent repair shops access to equipment diagnostics and repair manuals. The agreement ends a legal battle that capped over a decade of advocacy for repair rights.

A nearly five-hour Telstra mobile outage Wednesday paralyzed critical services across Australia, halting trains, traffic lights, and payments. The disruption underscores dangerous vulnerabilities in the country's reliance on single connectivity systems.

Volvo is retreating from its goal to fully exit gas car production as software and quality problems plague its electric vehicle lineup. The Swedish automaker now focuses on maintaining its EV market position rather than aggressive expansion.

Wally Cheng of Morgan Stanley and Tammy Kiely of Evercore discussed the artificial intelligence sector's dealmaking landscape on Bloomberg Deals, highlighting financing challenges and market dynamics.

A new analysis reveals that US-based companies control the majority of web hosting infrastructure serving European businesses, raising questions about data sovereignty and digital independence in the region.

Telstra's mobile network went down nationwide, leaving thousands unable to make calls or access data. The outage disrupted regional train services in Victoria and affected emergency triple-zero calls.

Morgan Stanley's global technology M&A chief expects a broad wave of artificial intelligence acquisitions across multiple industries. Companies are racing to plug technology gaps in chips, power, networking, and infrastructure.

Surging electricity consumption from data centers is driving up power costs across the Midwest, threatening the viability of Trump's manufacturing revival strategy in traditional industrial regions.

Electric vehicle sales are accelerating in every major region except the United States, creating a divergent market dynamic that threatens both established and emerging automakers. The uneven growth pattern poses significant competitive and financial risks.

SK Hynix's planned New York listing—poised to be the largest US IPO by a foreign company—encounters unexpected turbulence from extreme stock swings in the global chip sector.

As Kevin Warsh prepares to take office at the Federal Reserve, bond-market signals indicate the AI boom is intensifying inflation pressures rather than easing them. Key indicators now suggest artificial intelligence adoption is adding to the Fed's economic challenges.

WiseTech Global co-founder Richard White has resigned as chair following a police investigation into allegations he exploited a woman's immigration status. The stock jumped over 7% on the announcement.

European countries are moving away from Visa and Mastercard toward a domestically controlled payment infrastructure. The transition aims to reduce dependence on US-based payment networks.

Match Group CEO Spencer Rascoff outlined plans to redesign Tinder with AI features, live events, and group dating capabilities to attract younger users. The dating app is shifting its strategy to compete in an increasingly crowded market.

European equity bankers are capitalizing on record capital spending in AI infrastructure and power grids to offset a slowdown in IPO activity. The surge in secondary offerings from listed companies is delivering one of the region's busiest periods in years.

Minnesota Gov. Tim Walz signed the nation's first law prohibiting prediction market sites from operating in the state. The Commodity Futures Trading Commission immediately sued Minnesota over the restriction.

The FCA has flagged an escalating competition among financial services firms to deploy AI technology, warning the regulator needs greater powers to keep pace with rapid adoption affecting millions of personal finance decisions.

The American Bankers Association's top innovation officer criticized portions of landmark Senate crypto legislation, citing unclear language. The Senate Banking Committee advanced the bill despite last-minute opposition from banking groups.

Allen Media Group CEO Byron Allen outlined plans to transform BuzzFeed into a free-TV super app while expanding into late-night programming, taking over Stephen Colbert's time slot.

President Trump signed an executive order Tuesday instructing federal regulators and the Federal Reserve to review policies that could accelerate fintech growth. The order specifically targets expanding fintech access to payment accounts.

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, says artificial intelligence efficiency improvements are already delivering significant results. He shared the assessment while previewing Nvidia's first-quarter earnings.

Democrats held an unofficial Capitol Hill hearing Monday to criticize the DOJ's settlement with Live Nation-Ticketmaster, signaling plans to revisit antitrust deals if they regain power after November's elections.

GoTo Group, Indonesia's ride-hailing and food delivery giant, reported its first-ever net profit, marking a turning point in the company's path to financial sustainability. CEO Hans Patuwo outlined the business outlook and growth strategy in a recent interview.

Roblox Corp. authorized its first-ever share buyback program, committing to repurchase up to $3 billion of its stock, with $1 billion earmarked for the next 12 months. The announcement comes as RBLX shares have declined roughly 45% year-to-date.

Minnesota has passed legislation banning prediction markets, making it the first state to implement such a ban. The Commodity Futures Trading Commission has already filed suit to block the measure.

Intercontinental Exchange, owner of the NYSE, has partnered with financial infrastructure firm Ornn to launch USD-denominated futures contracts for computing power.

Plex is tripling the price of its Lifetime Pass subscription tier, raising it from $249.99 to $749.99 starting in July. The company has previously considered eliminating the lifetime option entirely.

Stellantis plans to manufacture an affordable compact electric vehicle in Italy with Chinese automaker Leapmotor. The partnership aims to reduce production costs and leverage Leapmotor's competitive EV technology.