Bloomberg’s Ed Ludlow breaks down Intel’s upsized $20 billion share sale, raising a third more than it was targeting when it announced the deal on Monday. Plus, sources tell Bloomberg that Apple’s glass-centric iPhone overhaul is still on track for 2027, even after an analyst’s report said it had been cancelled. And, drone startup Neros raises $250 million in a funding round that triples its valuation.

00:00:00 – Bloomberg Tech Begins
00:01:08 – Ian King, Bloomberg News
00:03:39 – Carol Schleif, BMO Wealth Management
00:10:56 – Anurag Rana, Bloomberg Intelligence
00:14:01 – Spencer Soper, Bloomberg News
00:17:04 – Chris Pavlovski, Rum Group CEO
00:23:00 – Denitsa Tsekova, Bloomberg News
00:26:28 – Olivia Solon, Bloomberg News
00:30:17 – Soren Monroe-Anderson, Neros CEO & Shaun Maguire, Sequoia Partner
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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RUM Group posted record quarterly revenue as its push into AI infrastructure begins to show up in results following its acquisition of Northern Data. CEO Chris Pavlovski joins Bloomberg to discuss the company’s Quake AI business, its push to monetize more than 250 megawatts of power capacity and what he calls a $3 billion annual revenue opportunity. He also explains why the company’s Rumble video platform gives it an edge as AI expands into robotics. He joins Ed Ludlow on “Bloomberg Tech.”
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Drone startup Neros has raised $250 million in a round co-led by Sequoia that triples its valuation to $2.5 billion as it expands beyond strike drones into autonomous systems and drone interceptors. CEO Soren Monroe-Anderson and Sequoia partner Shaun Maguire join Bloomberg to discuss plans to ramp up drone production, the race to build a US supply chain independent of China, and why they ultimately see a path to producing one million drones a year. They join Ed Ludlow on “Bloomberg Tech.” (Corrects description of Sequoia’s involvement in Neros funding in headline.)
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