Caroline Hyde

White House AI czar David Sacks defended the Trump administration’s approach to China and said it was essential for the US to dominate artificial intelligence, seeking to rebuff criticism from advocates of a harder line with Beijing.

Advanced Micro Devices Inc. Chief Executive Officer Lisa Su said the chipmaker has seen positive signs in demand for all its products and is making progress on getting US government approval to return to the China market.

Amazon.com. Inc will release companion devices in the fall for the artificially intelligent version of the Alexa voice assistant, Chief Executive Officer Andy Jassy said in an interview with Bloomberg Television.

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

Klarna Group Plc Chief Executive Officer Sebastian Siemiatkowski said his company was able to stop hiring a year ago as it invested in artificial intelligence that’s doing the work of hundreds of staff across the firm.

Dutch e-commerce investor Prosus NV plans to invest in artificial intelligence across its businesses, Chief Executive Officer Fabricio Bloisi said, as he seeks to double the company’s value.

Alphabet Inc.’s Google sees nuclear power as a key part of its strategy to get around-the-clock clean energy to operate artificial intelligence facilities, Michael Terrell, senior director of energy and climate, said on Bloomberg Television.

Bloomberg's Caroline Hyde digs into the AI drivers of a tech rally putting the Nasdaq on track for its best week of the year. Plus, Adobe misses the mark as a muted forecast on AI growth overshadows better-than-expected 3Q results and Uber powers ahead as it expands its partnership with Waymo, bringing autonomous ride-hailing to Austin and Atlanta. (Source: Bloomberg)

Frank McCourt, an US real estate billionaire with ambitions to improve the web, said he plans to build a consortium to buy the US arm of social media website TikTok.

The crypto industry is getting a fresh start, according to Chris Dixon, general partner at venture firm Andreessen Horowitz.

The movement has moved on from Bankman-Fried, but Altman’s actions raise new questions

Bob Parsons is bucking the tech-bro stereotype in the industry that helped make him a billionaire. From an impoverished childhood in Baltimore, Parsons became a US Marine and then founded web-hosting pioneer GoDaddy Inc.

"Bloomberg Technology" is our daily news program focused exclusively on technology, innovation and the future of business hosted by Caroline Hyde in New York and Ed Ludlow from San Francisco. (Source: Bloomberg)

Macy's Department Store Eyes Online Shopping and Smaller Neighborhood Locations  Bloomberg

Ursula Burns, the former head of Xerox Corp., is teaming up with veterans of private equity to start a business services and technology fund focused on diversity, inclusion and social impact, as well as returns, the group plans to unveil Thursday.

Fancy owning a stake in some original art? That’ll be $10, please.

Daimler AG, the world’s second-largest luxury carmaker, Deutsche Bank AG and Societe Generale SA led a jump in company bond sales in Europe this week as signs the global economy is improving boosted investor confidence.

Daimler AG, which has more debt due this year than any other company, is raising 2 billion euros ($2.9 billion) from the biggest investment-grade corporate bond issue in Europe since June.

European banks may need as much as 80 billion euros ($100 billion) of additional capital to meet undrawn credit lines to companies, Fitch said.

Faurecia SA, Europe's largest maker of automotive interiors, is refinancing 1.6 billion euros ($2.4 billion) of debt, according to lenders.