Bloomberg Technology
Amazon-Backed Rivian in Talks for Texas Factory
Rivian Automotive, the electric-vehicle startup backed by Amazon.com, is in talks to invest at least $5 billion to build a factory near Fort Worth, Texas, according to a document obtained by Bloomberg News. Bloomberg’s Ed Ludlow has more on “Bloomberg Markets.” (Source: Bloomberg)
Bloomberg Technology
Microsoft’s Big Bets on AI Start to Pay Off
Microsoft Corp. reported better-than-expected cloud revenue, suggesting the company continues to reap the benefits of its massive investment in artificial intelligence. Sales at Azure were up 48%. Revenue from a commercial deal with OpenAI totaled $10 billion. Bloomberg’s Ed Ludlow and Anurag Rana of Bloomberg Intelligence report. ——– Like this video? Subscribe to Bloomberg Tech on…
Bloomberg Technology
Anthropic Weighs Offering 15%-20% of IPO to Retail Investors
Anthropic is weighing a retail offering of 15% to 20% of the shares available in the IPO, according to people familiar with the matter. Those sources say the company behind Claude has tapped JPMorgan Chase to lead the US retail offering. Bloomberg’s Ryan Gould discusses the plans with Ed Ludlow on “Bloomberg Tech.” ——– Like…
Bloomberg Technology
Investors Eye AI Payoff in Microsoft, Alphabet Earnings
Bloomberg’s Ed Ludlow breaks down expectations for Microsoft and Alphabet, which both report earnings after the bell, with Wall Street looking for proof that their massive AI investments are paying off. Plus, Bloomberg reports that Anthropic has tapped JPMorgan to lead the US retail offering for its potentially record-setting IPO. And, Apple is betting consumers…
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WitheringRiser
August 11, 2021 at 6:36 pm
First elon now bezos coming to texas
Mark Plott
August 11, 2021 at 11:49 pm
BOZO the Clown cant even get to ORBIT.
Ajinomoto
August 11, 2021 at 6:47 pm
Waiting for the “copy cat” tweet from elon.
thejeffinvade
August 11, 2021 at 6:55 pm
Jeff Bezos is really encroaching on Elon’s territory. Maybe Elon should invest in some Amazon competitors. Wait, there is none, never mind.
James Black
August 11, 2021 at 7:18 pm
Austin should be chosen
Balla jallow
August 11, 2021 at 8:04 pm
Walmart is Amazon’s competitor
thejeffinvade
August 11, 2021 at 8:08 pm
@Balla jallow I don’t think Waltons will sell or will issue new stocks.
Normalized Audio
August 11, 2021 at 7:00 pm
UAW has trouble in TX.
Mark Plott
August 11, 2021 at 11:50 pm
the BEST Union, is NO Union at all – ELON.
Kyle Hubb
August 11, 2021 at 9:21 pm
Copycats!
Mark Plott
August 11, 2021 at 11:49 pm
RIVIAN should FOCUS in Actually going into Production and Delivering Vehicles as Promised to Customers.