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Commentary: What if AI retraining is just a comforting lie?
Commentary: What if AI retraining is just a comforting lie? If upskilling is being touted as the bridge to an AI future, it must lead somewhere, says Catherine Thorbecke for Bloomberg Opinion. No one knows whether artificial intelligence will trigger a white-collar jobpocalypse.
Outsourcing jobs in Philippines and India come under threat as workers race to adapt to AI
Outsourcing jobs in Philippines and India come under threat as workers race to adapt to AI Millions of employees power the world’s two outsourcing giants, but automation is starting to replace tasks they once handled. When will the full scale of disruption hit and how might they have to rethink the future, CNA’s Insight asks. MANILA and BENGALURU:
Commentary: How much AI Is too much for stock investors?
Commentary: How much AI Is too much for stock investors? While it’s tempting to keep riding the wave, investors would be wise to diversify their portfolios, says Jonathan Levin for Bloomberg Opinion. The latest earnings season is drawing to a close, and it’s revealed how the artificial intelligence boom is engulfing more and more of the S&P 500 Index.
Apple Intelligence will reportedly let you choose third-party AI models in iOS 27
Apple Intelligence will reportedly let you choose third-party AI models in iOS 27 It has taken a long time, but Apple seems to be settling into its AI strategy at last and the key seems to be offering options. According to the latest report from Mark Gurman at Bloomberg, Apple plans to let users pick from a lineup of third-party models when asking their devices to perform generative AI tasks. This change is planned to arrive in iOS 27, iPadOS 27 and macOS 27, sources told the publication.
SpaceX won't get early access to the S&P 500
SpaceX won't get early access to the S&P 500 Your pension plan may not be forced to buy SpaceX stock after all. With SpaceX about to go public shortly at a gobsmacking valuation, the Nasdaq 100 and other indexes recently relaxed their rules to allow Elon Musk's company to join early. That caused some consternation because huge funds often invest in ETFs (exchange traded funds) based on those indexes.
One of Denmark's biggest pension fund blacklists IPO of Elon Musk's Spacex
A prominent Danish pension fund that previously made waves by dumping US Treasuries has reportedly announced that it will boycott the upcoming Initial Public Offering (IPO) of SpaceX, citing severe overvaluation and a deeply flawed corporate governance model. According to a report by Bloomberg, AkademikerPension, which manages $25 billion in assets, has blacklisted the aerospace giant despite its massive target valuation of at least $1.8 trillion. Anders Schelde, the fund’s chief investment...
How to Watch Apple’s WWDC 2026 Keynote—and What to Expect
Apple CEO Tim Cook’s final time hosting the company’s annual Worldwide Developers Conference (WWDC) is just about here. The outgoing Apple leader will shepherd a keynote address announcing new software features for Siri, iOS, and Apple’s artificial intelligence efforts. It’s likely to be a final look at the company’s vision from the leader who focused on turning Apple into a dominant subscription business.
South Korea overtakes India to become world’s sixth largest stock market; here’s why
In yet another setback, South Korea’s stock market has overtaken India to become the world’s sixth-largest equity market by value. Last week, India was overtaken by Taiwan to become the fifth largest stock market. Within a week, India has fallen from sixth to the seventh rank.
AI Firms’ Explosive Growth Improves the Math for Late-Stage Investors
AI Firms’ Explosive Growth Improves the Math for Late-Stage Investors Later investments are producing much higher returns than in the past This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Rebecca Torrence looks at the way artificial intelligence startups are changing the economics of venture investing.
Uber sets AI usage limit for employees after exceeding AI budget
Uber has set usage caps on artificial intelligence (AI)-powered tools like Claude, Cursor used by its employees. According to a Bloomberg report, the ride-hailing firm exceeded its AI budget earlier this year and the latest move is aimed to manage the rising costs. “We think this is all a pretty straightforward way to responsibly encourage agentic AI adoption and experimentation at scale across the company,” an Uber spokesperson said as quoted in the report.