Electronic design-automation providers stand to gain $6 billion through 2030, Bloomberg Intelligence's AI scenario analysis shows, with AI-enabled tools like Synopsys' DSO.ai and Cadence's Cerebrus seeing performance gains among its customers.

Sales growth forecasts of 30% for AI chips and 20% for advanced packaging indicate that demand is in the early innings, and gen AI LLMs will be the standout driver for the next generation.

Bloomberg Tax and Accounting announced a new strategic partner program with major tax prep software providers in order to expand the set of available tools for users.

Tech giants are set to spend a staggering $200 billion on AI-related capital expenditures this year, according to Bloomberg's calculations, marking an all-time high for these

Baidu Inc. is set to unveil a pair of glasses with a built-in AI assistant, putting up a Chinese rival to the Meta Ray-Bans that have proven a rare success in AI-powered hardware.

In the latest sign of how Wall Street is playing the AI trend, financial heavyweights Stanley Druckenmiller, Greg Coffey and Thomas Peterffy are among those participating in a $30 million funding round for Reflexivity,

Starmer called AI an “opportunity,” rather than something to be scared of, and said his country “needs to run towards” it. Most Read from Bloomberg Robotaxis Are No Friend of Public ...

NEW YORK, Oct. 30, 2024 /PRNewswire/ -- Coalition Greenwich today released a new study conducted in partnership with Bloomberg L.P. that assesses ... data and generative AI. Prediction markets ...

SK Hynix Inc. is accelerating the launch of its next-generation AI memory chips after Nvidia Corp. Chief Executive Officer Jensen Huang asked the South Korean supplier if it can provide samples six months earlier than originally planned,

(Bloomberg) -- At his party’s inaugural investment summit last week, UK Prime Minister Keir Starmer positioned himself as a champion for artificial intelligence. Appearing alongside former Google Chief Executive Officer Eric Schmidt, Starmer called AI an ...

One member of parliament, who requested anonymity in order to speak candidly, told Bloomberg they were supportive of the focus on using AI for the public sector, but worried that national services ...