Bloomberg Technology
Battery Startup Redwood Materials Tops $6 Billion Valuation
Battery recycling startup Redwood Materials raises $350 million, pushing its valuation past $6 billion, according to sources. JB Straubel, CEO of Redwood Materials, joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and…
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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@TheGamblerGomez4097
October 23, 2025 at 5:17 pm
Does anyone know if Redwood Materials will buid a recycling facility in South Carolina?
@witness1013
October 23, 2025 at 5:34 pm
no – they will not
@witness1013
October 23, 2025 at 5:34 pm
Love these guys
@norn7364
October 23, 2025 at 7:19 pm
Too bad venture capitalists (rich people) don’t understand that complicated endeavors like battery startups aren’t possible in America because the supply chain does not exist. It works in China because you can find 10 factories within a 30km radius making the exact part you need. Until then, these entrepreneurs know that there will be unlimited free money that they can siphon from rich folks into their own salary and job that they created.
@TeslaSpaceX
October 23, 2025 at 8:45 pm
Neither are car startups. right?
Let me introduce you to JB Straubel, Co-founder of small American car manufacturer.
They make their own batteries too, so complex…I know.
@Companiesinnovating
October 23, 2025 at 8:44 pm
One of the big points to pick up that was alluded to but not directly spoken about is that many batteries that Redwood receives are not ready to be recycled. They still have life in the batteries, hence why JB created this second revenue stream.