China targets 10,000 humanoid robots in commercial use by end-2026 China has launched a national initiative to accelerate the deployment of humanoid robots and embodied artificial intelligence, setting a goal of putting more than 10,000 humanoid robots into commercial use by the end of 2026. The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administrati...
China targets 10,000 humanoid robots in commercial use by end-2026 China has launched a national initiative to accelerate the deployment of humanoid robots and embodied artificial intelligence, setting a goal of putting more than 10,000 humanoid robots into commercial use by the end of 2026. The Ministry of Industry and Information Technology and the State-owned Assets Supervision and Administration Commission on Tuesday issued a joint directive mandating local governments and state-owned enterprises to test and integrate embodied artificial intelligence into manufacturing, logistics, retail, and healthcare. The plan targets the creation of over 100 high-value application scenarios. To lower adoption barriers, regulators are encouraging a “Humanoid Robot-as-a-Service” business model, which allows companies to pay for robotic labor based on performance or through operational leases.
Trane Technologies ( TT ) has appointed Donald Simmons as executive vice president and chief operating officer of the company, effective as of July 1, 2026. Simmons has served as group president, Americas, since January 2024. More on Trane Technologies plc Trane Technologies: The Quiet AI Infrastructure Play No One Is Talking About Trane Technologies plc (TT) Presents at Wolfe Research 19th Annual...
Trane Technologies ( TT ) has appointed Donald Simmons as executive vice president and chief operating officer of the company, effective as of July 1, 2026. Simmons has served as group president, Americas, since January 2024. More on Trane Technologies plc Trane Technologies: The Quiet AI Infrastructure Play No One Is Talking About Trane Technologies plc (TT) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference Transcript Trane Technologies plc (TT) Presents at Wolfe Research 19th Annual Global Transportation & Industrials Conference - Slideshow Trane Technologies plc declares $1.05 dividend Trane Technologies raises 2026 adjusted EPS outlook to $14.75-$14.95, targets ~7% organic growth
Anyone following SpaceX's plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. It is the first time a company's value will be determined by a public market. For example, Apple is traded as “AAPL” on the Nasdaq and Macy's is traded as “M” on the New York Stock Exchange.
Anyone following SpaceX's plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. It is the first time a company's value will be determined by a public market. For example, Apple is traded as “AAPL” on the Nasdaq and Macy's is traded as “M” on the New York Stock Exchange.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Vasiliki Pachatouridi, BlackRock EMEA Head of iShares Fixed Income Product Strategy; Jack Neumark, Fortress Co-CEO; Vic...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Vasiliki Pachatouridi, BlackRock EMEA Head of iShares Fixed Income Product Strategy; Jack Neumark, Fortress Co-CEO; Victor Khosla, Strategic Value Partners Founder & CIO; Niccolo de Masi, IonQ Chairman & CEO (Source: Bloomberg)
A simple view of SpaceX is that it’s a low-cost rocket launcher that created the profitable Starlink satellite business and which is now burning cash to build orbital data centers and colonize Mars. Starlink doesn’t have the lead role in SpaceX’s $1.8 trillion initial public offering. But it is the real business inside the company, and the telecoms industry and its regulators can ill afford to be ...
A simple view of SpaceX is that it’s a low-cost rocket launcher that created the profitable Starlink satellite business and which is now burning cash to build orbital data centers and colonize Mars. Starlink doesn’t have the lead role in SpaceX’s $1.8 trillion initial public offering. But it is the real business inside the company, and the telecoms industry and its regulators can ill afford to be complacent about the disruptive threat it poses. Starlink provides home broadband via satellite receivers to people who don’t have access to terrestrial networks, typically in remote areas. It also serves business customers, including as a provider of in-flight Wi-Fi. Lately it’s moved into satellite-based mobile telecoms. The unit generated nearly two thirds of SpaceX’s $19 billion of revenue last year. Thanks to the company’s efficient space-launch capabilities, Starlink’s profit margins comfortably beat those of its telecom and satellite peers, according to research provider PitchBook. When customers are paying for their own satellite boxes and mobile phones, the cost of an additional subscriber is practically nil. The IPO would be a far cleaner deal if SpaceX was made up of just its rocket launch business and Starlink. The market opportunity in satellite-based connectivity is $1.6 trillion with almost half coming from mobile broadband, according to the prospectus. That pales beside the touted $23 trillion total addressable market from selling AI applications to businesses. The difference between these two sums is that the market size for satellite-based telecoms isn’t such a stretch to believe. And SpaceX could blow billions chasing space-based AI projects that may fail to become commercially viable. Starlink is both a threat and a partnering opportunity for the telecoms sector. It could become a more serious competitor in the mainstream home-broadband market. In connecting mobile phones, the technology has a way to go. But satellite providers can already act as a guara...
By the time people reach their fifties, they have decades of financial experience behind them. Many have built careers, accumulated debt, raised families, paid off loans, and purchased homes. Yet even with all that experience, financial decisions aren’t always easy and regrets are common. Looking back, older adults often identify specific instances they wish they ... Financial Decisions People Reg...
By the time people reach their fifties, they have decades of financial experience behind them. Many have built careers, accumulated debt, raised families, paid off loans, and purchased homes. Yet even with all that experience, financial decisions aren’t always easy and regrets are common. Looking back, older adults often identify specific instances they wish they ... Financial Decisions People Regret Most After Age 50
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first AI companies need mountains of money, and Wall Street is at the ready with a completely new playbook. The enormous scale of the capital needs is forcing bankers to inven...
Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Up first AI companies need mountains of money, and Wall Street is at the ready with a completely new playbook. The enormous scale of the capital needs is forcing bankers to invent new financing structures and pull together markets that used to work in their own separate silos. OpenAI’s confidential IPO filing, Anthropic’s own public-market plans and SpaceX’s expected debut have created a potential $3.6 trillion IPO pipeline . At the same time, Apollo and Blackstone have finalized a $35 billion financing package for Anthropic’s AI infrastructure. The biggest winners are the Goldman Sachs and Morgan Stanley , which after bringing SpaceX to the stock market (pricing tomorrow), are also slated to manage Anthropic and OpenAI’s debuts. But the opportunity is bigger than the headline-grabbing IPOs. These companies are not just raising money once and heading home. They need equity, debt, private credit, structured financing, secondary sales and probably a few bespoke deals Wall Street has yet to concoct for them. The Anthropic deal shows just how creative the financing race has become. Apollo and Blackstone’s $35 billion package is one of the largest private credit transactions ever, helping fund Google’s custom chips that Anthropic will lease without ever having to put the hardware on its balance sheet. The IPO playbook has become something bigger and potentially much more lucrative. That’s good news for banks and asset managers hungry for fees after a quiet stretch in the capital markets. IPO desks get the public listings, debt bankers get the infrastructure raises, private credit shops get enormous made-to-order financings and trading desks get volatility. Everyone gets a bite, assuming investors keep believing the AI spending boom will turn into profit...
TritenIAG today announced the appointment of Doug Mouton to its Advisory Board, strengthening the firm's expertise as demand for AI-era data center and power infrastructure accelerates.
TritenIAG today announced the appointment of Doug Mouton to its Advisory Board, strengthening the firm's expertise as demand for AI-era data center and power infrastructure accelerates.
TE Connectivity plc (NYSE: TEL) announced today that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share, payable on September 11, 2026, to shareholders of record at the close of business on August 21, 2026.
TE Connectivity plc (NYSE: TEL) announced today that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share, payable on September 11, 2026, to shareholders of record at the close of business on August 21, 2026.
This designation recognizes Akamai API Security for delivering software solutions compatible with the Microsoft Cloud that demonstrate interoperability and meet program requirementsCAMBRIDGE, Mass., June 10, 2026 (GLOBE NEWSWIRE) -- Akamai (NASDAQ: AKAM), a Microsoft partner, today announced it has earned the Solutions Partner* with certified software** designation for API Security within the Micr...
This designation recognizes Akamai API Security for delivering software solutions compatible with the Microsoft Cloud that demonstrate interoperability and meet program requirementsCAMBRIDGE, Mass., June 10, 2026 (GLOBE NEWSWIRE) -- Akamai (NASDAQ: AKAM), a Microsoft partner, today announced it has earned the Solutions Partner* with certified software** designation for API Security within the Microsoft AI Cloud Partner Program. This designation recognizes software that demonstrates interoperabil
Xi's silence on North Korea's nuclear program came as Kim tried to convince the world of the irreversibility of his country's status as a nuclear power. (Image credit: 朝鮮通信社)
Xi's silence on North Korea's nuclear program came as Kim tried to convince the world of the irreversibility of his country's status as a nuclear power. (Image credit: 朝鮮通信社)
Chinese Firm To Deploy 100 Humanoid Robots To Households For Daily Chores Authored by Kaif Shaikh via Interesting Engineering , A Chinese robotics company has begun placing its humanoid robots inside real homes, marking a significant step in the race to develop machines capable of performing everyday household tasks. Wuhan-based GigaAI recently deployed the first batch of 100 SeeLight S1 humanoid ...
Chinese Firm To Deploy 100 Humanoid Robots To Households For Daily Chores Authored by Kaif Shaikh via Interesting Engineering , A Chinese robotics company has begun placing its humanoid robots inside real homes, marking a significant step in the race to develop machines capable of performing everyday household tasks. Wuhan-based GigaAI recently deployed the first batch of 100 SeeLight S1 humanoid robots for household testing, according to reports from China. The trial is being positioned as China's first large-scale real-home test of a general-purpose humanoid robot designed for domestic use. While humanoid robots have become increasingly adept at performing carefully choreographed demonstrations, researchers say the real challenge lies in operating inside unpredictable human environments. From Robot Demos To Real Household Work In a demonstration apartment in Wuhan, two SeeLight S1 robots carried out a variety of household chores. According to Global Times and China Daily reports, one robot prepared breakfast by retrieving food items, heating chicken in a microwave, clearing dishes, and loading a dishwasher . Another removed laundry from a dryer, folded clothes, and organized them in a wardrobe. According to GigaAI, the robots learned these tasks through less than a month of on-site training. The company's executives argue that household robotics represents a fundamentally different challenge from the acrobatic robot videos that often dominate social media. "Tasks such as dancing or performing flips mainly rely on what we can call the robot's cerebellum," GigaAI co-founder and chief scientist Zhu Zheng told Global Times . "Household robots, however, depend on the brain." That distinction reflects a broader challenge in robotics known as embodied AI, where machines must perceive their surroundings, understand spoken instructions, plan actions, and adapt to constantly changing environments. Check out China's SeeLight S1, a household humanoid robot capable of cooking,...