Keep pulling the thread on Bloomberg Tech.
OpenAI held early-stage discussions about giving the US government a 5% equity stake, according to a report in the Financial Times.
OpenAI CEO Sam Altman reportedly discussed a potential government equity stake with President Trump, US Commerce Secretary Howard Lutnick, and US Treasury Secretary Scott Bessant.
Senator Bernie Sanders has proposed legislation that would impose a one-time 50% tax on the top AI labs' stock to seed a public benefit fund.
Anthropic is in early talks with Samsung to manufacture a custom AI processor, according to a report from The Information.
Apple is in talks to purchase memory chips from Chinese suppliers CxMT and YMTC for use in devices sold in China.
Apple CEO Tim Cook has reached out to Treasury Secretary Scott Bessant to discuss the memory chip shortage, which has forced Apple to raise prices.
Tesla delivered 480,126 vehicles globally in the second quarter, exceeding analyst estimates by over 20%.
US nonfarm payrolls rose by only 57,000 last month, indicating a sharp slowdown in hiring.
SAP will cut back on hiring and travel to save costs and redirect resources toward AI development.
SAP will exclusively focus new hiring on core AI roles that are critical for its long-term success.
Bloomberg Intelligence analysts predict SpaceX could become slightly profitable by 2028 and see its revenue grow by over 800% by 2030.
Microsoft is launching a new 6,000-person unit called Microsoft Frontier Company with a $2.5 billion investment to help enterprise clients utilize AI.