Tech1:57Nvidia is partnering with six major financial institutions to launch platforms for financing computing capacity. China is also emerging as a leading contender in the effort to use AI to improve weather prediction, among the week’s major developments in the AI revolution.
Reuters
EconomyNvidia has entered financing agreements worth $500 billion with six institutions. The arrangements are intended to help customers construct artificial-intelligence data centers. They respond to sharply rising demand for AI infrastructure. The deal places Nvidia alongside Wall Street institutions in mobilizing funding for that expansion.
Reuters
EconomyNvidia is working with major US investment firms to arrange $500 billion in financing for artificial-intelligence infrastructure. The partners named include Apollo Global Management, Blackstone, BlackRock and Brookfield Asset Management. Bloomberg’s Ed Ludlow is set to discuss the financing effort. Intel also raised $20 billion through an upsized share sale, exceeding by one-third the amount it had targeted when announcing the deal Monday morning.
Bloomberg Television
EconomyBloomberg’s closing-market coverage examines how the boom in artificial-intelligence infrastructure is driving market movers. The program features Romaine Bostick, Isabelle Lee, Kristine Aquino and Tim Stenovec. The U.S. market close is covered across Bloomberg Television, Bloomberg Radio and YouTube.
Bloomberg Television
EconomyJonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak with leaders and decision makers from Wall Street, Washington and beyond. The program focuses on issues shaping the trading day for investors and executives. Topics include financing for artificial intelligence, possible Federal Reserve rate hikes and Iran. Marvin Loh of State Street discusses how capital demand is putting pressure on rates, while Lt. Gen. Karen Gibson says Iran has leverage as the US tries to wait out the situation.
Bloomberg Television
TechThis week’s leading technology stories include Nvidia’s efforts to raise cash and the use of four-legged robots to keep homes safe. The two developments highlight both corporate financing and practical robotics applications. Together, they are presented as the most important tech themes of the week, spanning business activity and emerging home-security technology.
Reuters
EconomyNvidia is reportedly working with major Wall Street firms on a financing drive that could channel as much as $500 billion into artificial-intelligence infrastructure. Oil prices are rising again as expectations for a breakthrough between the United States and Iran weaken. At the same time, traders are once again testing Japan’s willingness to defend the yen while Treasury yields move higher.
Reuters
Economy8:14Nvidia is emerging as the preferred banker for the artificial intelligence ecosystem, securing $500 billion in commitments from major Wall Street firms. Intel, meanwhile, is considering its first share sale since the 1970s. Bloomberg reporters and market observers are examining the scale of the multibillion-dollar transactions. One observer cautions that the capital raising could become a “double-edged” sword for Nvidia.
Bloomberg Television
Economy1:35:19Bloomberg Television’s Asia Trade examines the main stories shaping global markets as trading begins across Asia. The program says Nvidia is turning to Wall Street for a $500 billion funding commitment tied to artificial-intelligence infrastructure. It also reports that hopes for an agreement involving Iran are fading. Hosts in Tokyo and Sydney speak with newsmakers and industry leaders about the market outlook and the developments driving the session.
Bloomberg Television
Economy6:01Joe Quinlan, Merrill and Bank of America’s head of market strategy, discussed the July jobs report on Bloomberg This Weekend. He said the US economy remains resilient despite weak July employment data. Quinlan pointed to continued hiring in construction and health care, along with investment connected to artificial intelligence, as signs supporting that view.
Bloomberg Television
Economy8:43Julia Moore, co-founder and managing partner at Breakout Ventures, joins Emily Zhao, managing director at Salesforce Ventures, and Daniel Docter, managing director at Dell Technologies Capital, on Dani Burger’s Bloomberg Deals program. The discussion focuses on where venture-capital specialists see promising opportunities in artificial-intelligence investing. The segment is part of Bloomberg Television’s coverage of deals and markets.
Bloomberg Television