Business

What Is AI Distillation and Why Are US Tech Companies Worried?

Artificial intelligence companies in the US have spent hundreds of billions of dollars to develop advanced chatbots, betting they can earn enough from customers to justify the investment. That approach carries the risk of being undermined…

HOF Consortium Completes Purchase of Bugatti

Hisham Elhaddad, co-founder and managing partner of HOF Capital, joins Scarlet Fu on "Bloomberg Deals." Porsche said it will generate about €1 billion ($1.16 billion) from the sale of its stake in the venture that owns the Bugatti supercar…

Exclusive-TPG explores $5 billion sale of healthcare software company Lyric, sources say

Oil surges above US$100 a barrel as US and Iran launch new attacks

Oil prices shot past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, threatening to increase costs for consumers and businesses worldwide.

Survey: 58% of Argentines say economic situation is worsening

Six in 10 say they are feeling the deterioration personally, while almost two-thirds see no improvement in the economy under President Javier Milei. Leer más

SpaceX IPO Paved The Way For Anthropic: Kennedy

Lise Buyer, partner and founder at Class V Group, Ajay Shah, chairman of global technology investment banking at Deutsche Bank Securities, and Matt Kennedy, senior strategist at Renaissance Capital, joins Scarlet Fu on "Bloomberg Deals."…

US Department of Energy raises this year’s forecast for price of barrel of Brent to $91.01

The price of Brent crude is expected to average $73.74 per barrel in 2027, declining as global oil production rises and inventories recover

Anthropic discloses fourth AI hacking incident missed in earlier review

Anthropic reports fourth cybersecurity incident with early version of Claude

Canadian whisky on the rocks? Crown Royal is set to avoid Trump’s new ban.

Canada’s top liquor brand looks on track for a reprieve because it’s bottled in the U.S. for American customers.

Russian stocks close mixed on Wednesday

BCS World of Investment projects the dollar exchange rate for Thursday at 84.5-85.2 rubles, and the yuan at 12.6-12.7 rubles

Wave of AI-Driven IPOs Expected to Accompany Anthropic’s Listing

With the Labor Day holiday — and summer in the US — now officially over, the traditional push to the end of the year in the market for initial public offerings is on.