tech

AI bubble is inflating as financing risks grow, Awad says

Lovable CEO Anton Osika joins Bloomberg's Tom Mackenzie and Guy Johson following a $400 million raise valuing the AI vibe-coding company at $13.3 billion, among Europe's most valuable start-ups. (Source: Bloomberg)

Check-Cap Ltd. (NASDAQ: MBAI) advanced its proposed merger with physical AI company, MBody AI Corp., completing a planned 1-for-7 reverse share split Check-Cap Ltd. (NASDAQ: MBAI) advanced its proposed merger with physical AI company, MBody AI Corp., completing a planned 1-for-7 reverse share split

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

Artificial intelligence is having a riotous summer. Models developed by the likes of Anthropic PBC and OpenAI have escaped testing sandboxes and in some cases then hacked into other systems. The politics of AI are similarly in revolt, jumping from debates about data centers to a widening backlash ag

The rise of equity-rich tech workers at Anthropic and OpenAI is shifting negotiating power towards clients

The rise of equity-rich tech workers at Anthropic and OpenAI is shifting negotiating power towards clients

U.S. stocks were mostly lower, with the Nasdaq leading declines as makers of AI infrastructure suffered steep falls, many in the double digits. Nvidia was down 16%.

The rise of equity-rich tech workers at Anthropic and OpenAI is shifting negotiating power towards clients

Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.