China has officially designated ci yuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word,” while yuan is commonly used as a synonym for “currency”. For instance, the basic unit of the Chinese RMB is the...
China has officially designated ci yuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word,” while yuan is commonly used as a synonym for “currency”. For instance, the basic unit of the Chinese RMB is the yuan, and most foreign currencies are referred to as yuan in Chinese, prefixed by their respective...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I unpack a new rule that may curb state spending and my colleague Anto Antony examines if investors are overpaying...
Welcome to India Edition, Bloomberg’s daily dive into what’s moving the worlds of business, markets and politics in this dynamic, fast-paced economy. I’m Menaka Doshi . If you didn’t receive this directly in your inbox, you can subscribe here , and share feedback with us here . Today, I unpack a new rule that may curb state spending and my colleague Anto Antony examines if investors are overpaying for the Indian Premier League. Higher Borrowing Costs There’s no peace in the Middle east yet but hope of a detente has buoyed global markets for the second day in a row. The US sent Iran a 15-point plan , which Pakistan delivered, according to people familiar with the matter. It’s unclear if Israel has signed off on President Trump’s overtures and officials in the country have said to Bloomberg they’ll continue striking Iran, which has also kept up missile and drone attacks across the region. In India, though the rupee drifted to a new record low, the benchmark stock indices have gained near 4% over two days. The stability may be fragile but it gives me the chance to look beyond the war to a new potential challenge facing state governments in India - higher costs of borrowing. Indian insurers have asked their regulator to soften a proposal that requires them to set aside capital when buying state bonds, warning it would make state debt less attractive to own. It could raise the cost of buying state bonds by 1.1% to 1.3% versus federal government bonds, reports my colleague Bhaskar Dutta, Bloomberg’s FX and rates reporter for Asia. The Insurance Regulatory and Development Authority of India’s proposal is part of its broader move to a new risk-based capital framework that aligns with global peers. But this treatment of state bonds diverges from the parity granted by the Reserve Bank of India to all government bonds. The inter-regulatory complications aside, this is simply not a good time to tinker with capital rules that may impact states more than insurers. State borrowing...
Tan Ruisong, the former boss of China’s top military aviation company, has been given a suspended death sentence for reaping over 613 million yuan (US$89 million) from bribes and insider trading. Tan, 64, was the chairman and Communist Party secretary of state-owned Aviation Industry Corp of China (AVIC) – China’s leading military aircraft maker – from 2018 until his retirement in March 2023. He i...
Tan Ruisong, the former boss of China’s top military aviation company, has been given a suspended death sentence for reaping over 613 million yuan (US$89 million) from bribes and insider trading. Tan, 64, was the chairman and Communist Party secretary of state-owned Aviation Industry Corp of China (AVIC) – China’s leading military aircraft maker – from 2018 until his retirement in March 2023. He is one of the most prominent defence sector executives to come under investigation in President Xi...
Granola Inc. , a startup whose artificial intelligence software has been gaining traction as a notetaking tool among Silicon Valley workers, is raising $125 million at a $1.5 billion valuation, led by Index Ventures . Index partner Danny Rimer will join Granola’s board as an observer. Kleiner Perkins is also participating in the funding round, alongside existing investors including Lightspeed Vent...
Granola Inc. , a startup whose artificial intelligence software has been gaining traction as a notetaking tool among Silicon Valley workers, is raising $125 million at a $1.5 billion valuation, led by Index Ventures . Index partner Danny Rimer will join Granola’s board as an observer. Kleiner Perkins is also participating in the funding round, alongside existing investors including Lightspeed Venture Partners and Spark Capital. Granola’s product transcribes conversations and uses AI to turn rough-draft meeting notes into complete summaries. Chief Executive Officer Chris Pedregal said that many of its corporate customers, which include companies like Cursor and Gusto, have adopted the technology after individual employees started using it. Something similar happened at Index, Rimer said: Multiple people at the firm were using the technology by the time he considered investing. As of mid-March, Granola’s revenue had grown by 2 1/2 times since the beginning of the year, Pedregal said, declining to disclose specific revenue figures. Alongside the funding, the startup is launching new features for its app, including integrations with AI coding tools like Anthropic PBC’s Claude Code, as well as team workspaces where employees can pool their notes. Granola’s next act, Pedregal said, will be to introduce agentic AI features to allow users to perform tasks using the information they’ve gathered in the startup’s note files. While the CEO declined to share specifics about the plans, he said he expects the integrations within the next year. The company’s agentic AI ambitions were “paramount” in Index’s decision to invest in Granola, Rimer said. Founded in 2023, five years after Pedregal sold his last AI startup to Google, Granola now has about 55 employees. “It’s obvious our team is too small for what we want to achieve,” Pedregal said. But he said the startup is being careful about how quickly it hires, since it’s not clear yet how AI will change workforce needs in the long ru...
Vegetables take centre stage in this relaxed menu of cheesy asparagus loaf, mushroomy filo tart with a chilli crisp crust, punchy feta salad, and a no-bake strawberry matchamisu Vegetables are in my blood. I grew up surrounded by them; boxes upon boxes scattered around my childhood home, a perk from my father’s job as a wholesale purveyor (of bananas, specifically) at Sydney’s Flemington Markets (...
Vegetables take centre stage in this relaxed menu of cheesy asparagus loaf, mushroomy filo tart with a chilli crisp crust, punchy feta salad, and a no-bake strawberry matchamisu Vegetables are in my blood. I grew up surrounded by them; boxes upon boxes scattered around my childhood home, a perk from my father’s job as a wholesale purveyor (of bananas, specifically) at Sydney’s Flemington Markets (now known as Sydney Markets). Our family enjoyed an embarrassment of nature’s riches; an endless supply of succulent Asian greens, rotund cauliflowers, glossy aubergine, perky spring onions, and bulging cabbages that overflowed from crates in and around the kitchen and dining room. We needed to step over trays of stone fruit and cartons of oranges to get to the bathroom. In the summer, I gorged on apricots and cherries until I was sick (true story) – I had no self-control when it came to the fresh stuff. This overindulgence ended abruptly when my father died when I was 15. The endless parade of fresh vegetables and fruits ceased but my deep connection with vegetables lives on. Today, chopping a head of broccoli, peeling a carrot or charring a wedge of cabbage makes me feel closer to my dad. It is a daily ritual that keeps his memory alive. The sense of feeling alive is never more present than during the transition from winter. Spring, or chūn as it’s called in Cantonese, is actually the first season of the Chinese Lunar Year and somehow, that feels fitting for how we should approach eating during this time of year. As the brisk air thaws and the skies lift, the feeling of renewal and new beginnings punctuates my approach to cooking and feeding others. Bright acidity, twists on classic dishes, and pantry staples used in unexpected ways. Spring is the time to be bold, take risks in the kitchen and reawaken your tastebuds. Continue reading...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra's first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he's been gone, Meta's obsession has moved away from VR and toward the la...
In this article META Follow your favorite stocks CREATE FREE ACCOUNT Hugo Barr, formerly VP of VR at Facebook, has returned to Meta Money Sharma | AFP | Getty Images During Hugo Barra's first stint at Meta — still known at the time as Facebook — he was a top executive in the virtual reality business. In the nearly five years he's been gone, Meta's obsession has moved away from VR and toward the latest industry craze: artificial intelligence. Meta brought back Barra this week as part of its recent effort to bulk up in AI and to avoid getting left behind by rivals like Google and OpenAI. Barra is returning along with his colleagues at Dreamer, which he co-founded in 2024. Leaders include CEO David Singleton, previously Stripe's tech chief, and co-founder Nicholas Jitkoff, formerly senior design director at Figma . Barra will be working in Meta's Superintelligence Labs, led by former Scale AI chief Alexandr Wang, who joined the company last year as part of a $14.3 billion investment in Scale after the disappointing release of Meta's Llama 4 family of AI models. While Meta is planning for up to $135 billion this year in capital expenditures, mostly tied to AI infrastructure, the company has yet to land on a strategy to compete with the creators of the leading AI models, namely OpenAI, Anthropic and Google. Dreamer has been targeting the red-hot area of AI agents, and a month ago debuted the beta version of its core product, which Barra described as a "new operating system for AI agents and agentic apps." "We knew this would require completely rethinking today's computing platforms," Barra, who previously spent more than five years at Google, wrote in a LinkedIn post in February. "So we took a few pages from our past work on things," he wrote, citing mobile operating systems Symbian and Android, as well as ChromeOS and the software behind Oculus VR headsets, now branded as Quest. The latest platform shift involves AI agents, and in recent months developers have flocked t...
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won't be much left for other startups. Harvey would like a word. On Wednesday, the legal AI company announced it'...
Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won't be much left for other startups. Harvey would like a word. On Wednesday, the legal AI company announced it's raised $200 million in fresh capital at a valuation of $11 billion. The company is among a growing crop of startups focused on deploying the latest AI technology in specialized and complex markets. Founded in 2022, Harvey offers AI tools for legal and professional services that can streamline contract analysis, compliance, due diligence and litigation. The company's products are used by more than 100,000 lawyers across 1,300 organizations, according to a release. Singapore's GIC and Sequoia led the financing, which closed just months after Harvey raised funds at an $8 billion valuation in December. Sequoia has now led three of Harvey's funding rounds, "the ultimate sign of conviction," according to Pat Grady, a partner at the venture firm. . "They sort of wrote the playbook for what it means to be an AI-native application company, which is the same thing Salesforce did back in the day with the cloud transition," Grady told CNBC in an interview. Grady said that because model capabilities are improving so quickly, trying to apply them in real-world situations is a bigger undertaking than it has been for software companies in the past. There's a lot of craft, taste and judgment that goes into determining how to use AI to achieve a particular job, he said. Harvey CEO Winston Weinberg is a former lawyer who co-founded the startup with Gabe Pereyra, a former research scientist at Google DeepMind and Meta . The pair launched the company after experimenting with OpenAI's GPT-3 model, which came out before ChatGPT. Clients include global law firms and large enterprises like NBCUni...
“Enterprises cannot vibe operate,” declares Madhav Thattai, GM and EVP of Salesforce AI, on this episode of Bloomberg Intelligence’s Tech Disruptors podcast. Thattai and BI senior technology analyst Anurag Rana discuss why Salesforce thinks the “SaaSpocalypse” narrative misses how agents change outcomes and how the company is trying to measure that shift with Agentic Work Units (AWUs) — a way to t...
“Enterprises cannot vibe operate,” declares Madhav Thattai, GM and EVP of Salesforce AI, on this episode of Bloomberg Intelligence’s Tech Disruptors podcast. Thattai and BI senior technology analyst Anurag Rana discuss why Salesforce thinks the “SaaSpocalypse” narrative misses how agents change outcomes and how the company is trying to measure that shift with Agentic Work Units (AWUs) — a way to track work performed rather than just token inputs. Thattai outlines Salesforce’s four-part agentic e
Private markets are becoming an increasingly important frontier for sustainable investing, with mounting interest among allocators and a rapidly evolving landscape. But where are the real opportunities — and how can investors separate substance from storytelling? In this episode of ESG Currents, Northern Trust Asset Management’s head of multi-asset custom solutions, Dee Sharma, joins Bloomberg Int...
Private markets are becoming an increasingly important frontier for sustainable investing, with mounting interest among allocators and a rapidly evolving landscape. But where are the real opportunities — and how can investors separate substance from storytelling? In this episode of ESG Currents, Northern Trust Asset Management’s head of multi-asset custom solutions, Dee Sharma, joins Bloomberg Intelligence Senior ESG Analyst Shaheen Contractor to explore how sustainability is evolving in private
halbergman/E+ via Getty Images Co-authored by Kody's Dividends There have been countless great American companies that found their start in a garage. Apple ( AAPL ) was one company that started out of the garage of a single person's home. Microsoft ( MSFT ) started in a garage as well. From musical bands to massive software and computer companies, garages have been home to great excellence. Of cou...
halbergman/E+ via Getty Images Co-authored by Kody's Dividends There have been countless great American companies that found their start in a garage. Apple ( AAPL ) was one company that started out of the garage of a single person's home. Microsoft ( MSFT ) started in a garage as well. From musical bands to massive software and computer companies, garages have been home to great excellence. Of course, there have been many great failures that have come from garages as well. Perhaps your garage band never made it to a record label deal, even though other garage bands have. One aspect of America that I love is the ability for anyone with enough of a dream, enough of a desire to push that dream forward, and a good enough dream to come from the humblest beginnings and start something that truly turns into a powerhouse. The original founder will not be the long-term runner of the company. We see many small startups that get bought out for massive valuations because the idea is compelling enough that a bigger competitor decides to take it over. When we look at consumables, PepsiCo ( PEP ) bought out a prebiotic soda brand, Poppi, because it wanted to include its product type into its overall suite of products. It was a good idea, and a larger company acquired it, yielding significant returns for the founders. As an investor, I don't try to gamble on which garage startup will be the best in the future. If I could travel back in time, I would most definitely buy the companies that I knew were going to see explosive share value growth, even if the company underneath wasn't of substantial value or worth. But I am not a time traveler; I am a humble investor. This means I will look at the market with a perspective of today, understanding history, and understanding the forecast to decide what to buy. I love to buy companies that are on sale, whose value is cheaper relative to their history and to their long-term value. The recent SaaS panic sell-off and growth rotation to value h...
Joe Hendrickson/iStock Editorial via Getty Images The recent news that DraftKings ( DKNG ) is being sued by the NCAA for trademark infringement of their March Madness brand in their betting operations got me looking at the company again, as its been a while since I last recommended investors exercise caution . The basics remain the same; it remains one of the two industry leaders in the sports bet...
Joe Hendrickson/iStock Editorial via Getty Images The recent news that DraftKings ( DKNG ) is being sued by the NCAA for trademark infringement of their March Madness brand in their betting operations got me looking at the company again, as its been a while since I last recommended investors exercise caution . The basics remain the same; it remains one of the two industry leaders in the sports betting space, and the industry overall remains, on the surface, more than healthy. A year after breaking through the $150 billion line in 2024 , total handle in legal sports betting reached $166 billion in 2025 . This month alone over $3 billion will be bet on March Madness. However, events in the fast-evolving legal gambling space continue to move apace. My view is that while the short term will likely be influenced most by the ongoing developments in the predictions market challenge and the ongoing legalization drive, investors should remain focused on long-term fundamental trends which, frankly, turn more on other factors. And those factors concern me. Predictions About The Predictions Market The stock got a bit of a boost on Monday from the latest news in predictions market regulation , which remains an amorphous but fast-moving concept. Bipartisan support exists for proposals to wall off the sports betting space from the predictions market , which would be a significant boost for DraftKings if they could get it. The market is certainly focused on it right now. On DraftKings Q4 earnings call , seven of the first nine questions from analysts pertained to predictions operations. It was also front and center at the company’s annual Investor Day conference earlier this month. For the most part, we got the usual “early days” speech from management, which didn’t want to be drawn too much on the issue beyond assuring investors that they were very confident they would be a big winner in the space; and indeed, what else would they say? We did get a few useful tidbits. First, manag...
PIKSEL/iStock via Getty Images Shares of Janus Living ( JAN ) have seen a successful public offering. The REIT, which claims to be the only real estate investment trust for senior housing, has seen a successful public offering. This looks compelling, and while demand for such real estate is high, it comes with some specific risks as well, as this and other risks make me cautious here. This combina...
PIKSEL/iStock via Getty Images Shares of Janus Living ( JAN ) have seen a successful public offering. The REIT, which claims to be the only real estate investment trust for senior housing, has seen a successful public offering. This looks compelling, and while demand for such real estate is high, it comes with some specific risks as well, as this and other risks make me cautious here. This combination makes it easy for me to wait here, as I like the strategic direction, but I am far from convinced that this offers a solid long-term entry point here. Other, higher conviction ideas, including recent IPOs, can be found at Value In Corporate Events . REIT for Senior Housing Janus Living claims to be the only U.S. REIT that focuses exclusively on the senior housing sector, with the REIT claiming to be the only REIT to operate under a so-called RIDEA structure. In here, service providers are directly paid for by residents instead of relying on government reimbursement programs. The initial portfolio comprises 34 communities, over 10,400 units as of the end of 2025. The company is heavily focused on Texas and Florida, combined making up about 70% of the portfolio. The business is managed by Healthpeak ( DOC ), this in itself being a publicly listed business with a great track record here. Moreover, besides managing the assets, Healthpeak is a key investor in the firm, being the former owner. About two-thirds of the portfolio is comprised of communities that are labeled "life plan communities" in which residents benefit from a continuum of care, with assistance and other services granted to residents, unlike the remainder of the portfolio. Reporting about 85% occupancy rates and the company generating $771 million in revenues in 2025, average revenues per resident come in at $87k; that is adjusted for occupancy rates. Those are huge numbers, averaging about $7k per month, as this of course includes straight-line rent but also covers various services. Valuation and IPO Thoug...
The A57 has also been upgraded with a slightly thinner display bezel. Samsung has announced its two newest midrange phones, the Galaxy A57 and A37. Both phones benefit from a jump to IP68 water-resistance and some improved AI features, but the bigger upgrades are reserved for the A57, which is now thinner, lighter, and has a slimmer bezel around the display. The downside? They both also cost $50 m...
The A57 has also been upgraded with a slightly thinner display bezel. Samsung has announced its two newest midrange phones, the Galaxy A57 and A37. Both phones benefit from a jump to IP68 water-resistance and some improved AI features, but the bigger upgrades are reserved for the A57, which is now thinner, lighter, and has a slimmer bezel around the display. The downside? They both also cost $50 more than last year's equivalents. The $549.99 Galaxy A57 is Samsung's direct rival to the $499 Google Pixel 10A and $599 iPhone 17E . To help it compete, Samsung has slimmed the phone to just 6.9mm thick, noticeably thinner than either alternative, while dropping the weight to 179g. That's been achieved without giving … Read the full story at The Verge.
NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY), a net lease REIT focused on convenience and automotive retail real estate, will release its financial results for the first quarter ended March 31, 2026 after the market closes on Wednesday, April 22, 2026.
NEW YORK, March 25, 2026 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY), a net lease REIT focused on convenience and automotive retail real estate, will release its financial results for the first quarter ended March 31, 2026 after the market closes on Wednesday, April 22, 2026.
halbergman/E+ via Getty Images Co-authored by Kody's Dividends There have been countless great American companies that found their start in a garage. Apple ( AAPL ) was one company that started out of the garage of a single person's home. Microsoft ( MSFT ) started in a garage as well. From musical bands to massive software and computer companies, garages have been home to great excellence. Of cou...
halbergman/E+ via Getty Images Co-authored by Kody's Dividends There have been countless great American companies that found their start in a garage. Apple ( AAPL ) was one company that started out of the garage of a single person's home. Microsoft ( MSFT ) started in a garage as well. From musical bands to massive software and computer companies, garages have been home to great excellence. Of course, there have been many great failures that have come from garages as well. Perhaps your garage band never made it to a record label deal, even though other garage bands have. One aspect of America that I love is the ability for anyone with enough of a dream, enough of a desire to push that dream forward, and a good enough dream to come from the humblest beginnings and start something that truly turns into a powerhouse. The original founder will not be the long-term runner of the company. We see many small startups that get bought out for massive valuations because the idea is compelling enough that a bigger competitor decides to take it over. When we look at consumables, PepsiCo ( PEP ) bought out a prebiotic soda brand, Poppi, because it wanted to include its product type into its overall suite of products. It was a good idea, and a larger company acquired it, yielding significant returns for the founders. As an investor, I don't try to gamble on which garage startup will be the best in the future. If I could travel back in time, I would most definitely buy the companies that I knew were going to see explosive share value growth, even if the company underneath wasn't of substantial value or worth. But I am not a time traveler; I am a humble investor. This means I will look at the market with a perspective of today, understanding history, and understanding the forecast to decide what to buy. I love to buy companies that are on sale, whose value is cheaper relative to their history and to their long-term value. The recent SaaS panic sell-off and growth rotation to value h...
MONTRÉAL, March 25, 2026--Sherweb, an award-winning cloud distributor, today announced the closing of a $125 million minority equity investment from Investissement Québec.
MONTRÉAL, March 25, 2026--Sherweb, an award-winning cloud distributor, today announced the closing of a $125 million minority equity investment from Investissement Québec.
HOUSTON, March 25, 2026--Global energy technology company SLB (NYSE: SLB) today announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry.
HOUSTON, March 25, 2026--Global energy technology company SLB (NYSE: SLB) today announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry.
U.S. stocks closed lower on Tuesday as rising oil prices due to tensions in the Middle East fueled inflation worries and created additional market uncertainty.
U.S. stocks closed lower on Tuesday as rising oil prices due to tensions in the Middle East fueled inflation worries and created additional market uncertainty.
Mark Rome/iStock via Getty Images Beretta Holding proposed on Wednesday to acquire an additional 20% stake in Sturm, Ruger & Company ( RGR ) above the 9.95% already disclosed. The tender offer was made at $44.80 per share. Notably, Beretta asked for an exemption to the poison pill that is in place. In a letter sent last week to shareholders, Beretta argued that Ruger ( RGR ) has destroyed sharehol...
Mark Rome/iStock via Getty Images Beretta Holding proposed on Wednesday to acquire an additional 20% stake in Sturm, Ruger & Company ( RGR ) above the 9.95% already disclosed. The tender offer was made at $44.80 per share. Notably, Beretta asked for an exemption to the poison pill that is in place. In a letter sent last week to shareholders, Beretta argued that Ruger ( RGR ) has destroyed shareholder value through weak execution and poor board oversight and called for urgent, shareholder-driven change. The letter claims Ruger has significantly underperformed Smith & Wesson ( SWBI ) and relevant indexes, despite favorable industry conditions. Beretta highlighted steep profit deterioration since 2021, with gross margin falling from 38% to 15%, operating margin from 28% to negative 2%, and net income dropping from about $156M to a loss of $4.4M. It also highlighted missed strategic opportunities (military/law enforcement channels, accessories, ammunition and outdoor products, international growth, and shotguns) and an underinvested, long-tenured board that collectively has over 65 years of service but owns only about 1% of Ruger stock. Looking ahead, Beretta aims to elect four independent director nominees at Ruger's 2026 annual meeting. Beretta Holding is a Luxembourg-based, family-owned holding company that controls the Beretta industrial group, a major global player in firearms, ammunition, optics, accessories, and related outdoor products. The company's roots can be traced back to 1526. Shares of Sturm, Ruger ( RGR ) rose 5.3% in premarket trading to $42.87 on Wednesday and traded at their highest level of the year earlier in the session. More on Sturm, Ruger Sturm, Ruger & Company: New Platforms And Entry Into The Accessory Business Sturm, Ruger & Company, Inc. (RGR) Q4 2025 Earnings Call Transcript Sturm, Ruger & Company: 'In And Out' Is One Way To Play This One In 2026 Firearms face-off: Sturm, Ruger and Beretta scrap over board seats Ruger outlines 2026 plan to...