格隆汇6月5日｜俄罗斯总统普京：与阿塞拜疆的关系正朝着非常积极的方向发展，将与阿塞拜疆总统阿利耶夫举行会晤。

Ali Ghodsi, Databricks co-founder & CEO, says we have already reached artificial general intelligence, but the AI is just lacking context to be more productive. He argues that is the problem everyone should focus on right now with Caroline Hyde and Ed Ludlow on the sidelines of the Bloomberg Tech event in San Francisco. (Source: Bloomberg)

sankai/iStock via Getty Images Overview Markets were volatile in the first quarter, most notably after the beginning of the U.S.-Iran conflict at the end of February. Stocks, including micro caps, finished the quarter lower, especially in areas such as software and insurance in which investors tend to view business models as being vulnerable to artificial intelligence (AI). The Wasatch Micro Cap Fund—Investor Class finished with a loss for the quarter of -3.11% but outperformed the Russell Microcap® Growth benchmark, which declined -4.25%. In sector terms, positive contributions to the Fund's relative performance were led by selections in industrials, consumer discretionary and financials. Information technology was the largest detractor by a wide margin due to our exposure to software and services companies and our underweight to communications equipment. Details Of The Quarter Leading positive contributors included a pair of for-profit education companies, Lincoln Educational Services Corp. ( LINC ) and Universal Technical Institute, Inc. ( UTI ) . Both are viewed as AI beneficiaries, given rising demand for training in skilled areas of employment that don't require a college degree and that are less threatened by AI than many white-collar professions. In addition, the buildout of AI and cloud-services data centers has led to increased employment opportunities for skilled tradespeople and technicians. This positive demand backdrop is reflected in Lincoln's ongoing aggressive expansion of its footprint through the addition of new campuses. EZCORP, Inc. ( EZPW ) , another top contributor to Fund performance during the quarter, operates pawn shops in the U.S. and Latin America and offers consumers the ability to use personal items as collateral in order to access short-term loans without a credit check. The company makes money from interest payments on loans and the sale of collateralized items on failed loans. The stock moved higher in the quarter as EZCORP has bene...

gorodenkoff/iStock via Getty Images By Christopher Gannatti, CFA What It Means to Link Two Machines On April 14, 2026, World Quantum Day, IonQ ( IONQ ) announced it had photonically interconnected two independent trapped-ion quantum computers, marking the first time two commercial quantum systems had been linked via quantum entanglement at a distance. The work was conducted in collaboration with the Air Force Research Laboratory, and IonQ's contribution to the associated DARPA HARQ program centers on quantum memories fabricated from quantum-grade synthetic diamond, technology the company acquired through its 2024 purchase of Lightsynq. 1 The result matters because quantum computers cannot scale the way classical computers do. Quantum information cannot be copied or amplified in transit; the only way to connect processors across distance while preserving quantum state is through entanglement. Demonstrating this on commercial hardware rather than a laboratory setup is a meaningful engineering step toward the distributed, modular architectures that every serious long-term quantum roadmap requires. We all see revenue figures being reported quarterly, but the ability to network two quantum machines is something you either build or you do not. First, the Modality Question The single most important concept for understanding the pure-play quantum landscape is that these companies are not all building the same thing. The term "quantum computer" obscures a fundamental divide in hardware approach, and that divide matters enormously for assessing both near-term commercial viability and long-term scaling potential. Each of these will tend to have certain significant strengths and then other significant weaknesses, making the question "Which of these is the best?" a very difficult question to answer without further context. The four leading modalities as of roughly mid-year 2026 are: Trapped ion Superconducting qubits Neutral atom Photonic Trapped-ion systems, like those from Ion...

Ministers should end Palantir’s contract before medical confidentiality is sacrificed to Silicon Valley’s appetite for public data Alarm bells ought to have rung when it emerged last month that Palantir engineers could gain “ unlimited access ” to identifiable NHS patient data. Such sensitive medical information was only supposed to be available either to someone involved in a patient’s care or with the patient’s informed consent. NHS England’s new position appears to have changed that, extending access to private companies because it may make data processing easier. Convenience is not a basis for undermining medical confidentiality. Nicola Byrne, the government’s national data guardian, clearly thought the NHS had broken its promise that its £330m deal with Palantir would see “identifiable patient information … limited to NHS staff with a legitimate need”. Patients tell doctors things they may tell no one else. If they think that sensitive details can be disclosed to US tech corporations, trust will suffer – and patients will say less when the truth matters most. Continue reading...

Viatris' improving sales trends and margins combined with meaningful development opportunities could help boost its valuation multiple. Viatris combines stable cash flow from established drugs with a lower-risk development strategy to provide steadier earnings growth with less downside for investors. The company's pipeline is anchored by three major opportunities in diverse therapeutic areas, all of which could meaningfully accelerate long-term revenue growth. Viatris stock is already gaining momentum as it makes progress in developing a drug pipeline capable of accelerating sales growth, improving margins and creating shareholder value in the years ahead. The key pillars of its growth strategy are a non-opioid pain reliever, a potential blockbuster lupus treatment and a drug that has been dubbed an "EpiPen for heart attacks." Several near-term catalysts are ahead that could help drive further multiple expansion as the company becomes recognized as more than just a generic drugmaker. At the same time, Viatris is seeing improving trends for its existing products. After several years of declining revenue growth, Viatris has finally turned the corner. On an operational basis, first-quarter revenue rose 3% year over year, while adjusted earnings per share grew 14%. Cost cuts implemented after a strategic review helped earnings outpace estimates and could save the company $400 million by the end of 2028. Better execution at its Greater China business also helped its latest results. Shares have advanced more than 16% in the first week of May in anticipation of and following the earnings release . Viatris traces its roots to Mylan, founded in 1961 in White Sulphur Springs, West Virginia, as a company focused on generic and specialty pharmaceuticals. Mylan merged with Pfizer's Upjohn business in 2020, bringing together Upjohn's iconic brands, commercial and medical expertise and strong global presence, particularly in China, with Mylan's broad portfolio, pipeline capabiliti...

格隆汇6月5日｜俄罗斯总统普京：阿塞拜疆总统正致力于为与俄罗斯的战略合作协议注入实质内容。

Mary C. Daly, President & CEO at Federal Reserve Bank of San Francisco discusses AI’s impact on productivity, labor markets and economic growth with Bloomberg’s Caroline Hyde at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)

Quantinuum stock debuted 13% above its initial public offering price on Thursday, opening at $68 in a major win for the quantum-computing sector at large. Quantinuum raised $1.68 billion in its upsized initial public offering late Wednesday, setting the stage for one of the most anticipated tech listings of the year. The quantum computing company’s IPO of 28 million shares was priced at $60 apiece.

Amanda Askell, Philosopher & Ethicist at Anthropic discusses AI consciousness and managing Claude's soul, as well as safety risks and ethical guardrails with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)

Social Security’s watchdog did the math on the so-called fraud, and it’s a joke.

Jonathan Kitchen/DigitalVision via Getty Images The first quarter was defined less by realized macroeconomic outcomes than by a reassessment of risks. Economic momentum entering the quarter was reasonably constructive, and published consensus estimates for trend-like global growth and manageable inflation largely remained intact by quarter-end. However, sentiment shifted as the Iran war moved into its second month, biasing expectations toward weaker growth and higher inflation. The effective closure of the Strait of Hormuz disrupted the flow of a meaningful share of global commodity supply, including oil, natural gas, fertilizers, and other inputs. While strategic stockpiles provided a buffer, each day without a definitive path to resolution increased the risk of supply depletion and a more pronounced global energy shock. The potential economic implications varied across regions, with net energy importers in Europe and Asia facing greater scrutiny than the U.S. Oil futures pointed to a baseline scenario of easing tensions, consistent with expectations for a manageable global economic impact. Still, mixed headlines exiting the quarter tempered confidence that a resolution was imminent, leaving investors to contemplate the risk of a more prolonged disruption. While it remained too early to assess the conflict's impact in economic data, central bank expectations responded more rapidly during the quarter. Futures markets now price multiple rate hikes this year from both the Bank of England and the European Central Bank. Markets also dialed back easing expectations from the U.S. Federal Reserve, shifting from two cuts to a hold this year. Despite a strong start, a challenging March led to weak 1Q financial market returns. Global equities declined 3%, while fixed income returns were slightly negative with headwinds from both rates and credit spreads. Brent crude oil prices surged above $100 per barrel, leaving the energy sector as the standout winner in the equity space. ...

ModRetro leverages AMD FPGAs for upcoming N64-compatible console KitGuru

The president’s image and name are proliferating in Washington and beyond, overturning well-advised democratic taboos on glorifying sitting leaders One of the surest signs of an authoritarian regime is the ubiquity of its leader. Mussolini’s face was plastered across fascist Italy. In North Korea, pictures of Kim Jong-un have appeared alongside those of his father and grandfather, which are present in every home and public building. The golden statue of Turkmenistan’s leader, Gurbanguly Berdymukhamedov, perching on a marble cliff in the capital is one of a multitude of portrayals. Thriving democracies spurn such displays, rightly judging it safer to laud leaders once they are out of power. The first US president, George Washington, refused to appear on currency, believing that redolent of European monarchs. The 47th has no such concerns. The administration wants a $250 bill depicting Donald Trump to commemorate the 250th anniversary of independence, though federal law does not currently allow banknotes to depict living people. His signature will soon appear on $100 bills: a first for a US president. Continue reading...

Quantinuum Inc. , a quantum computing company backed by Honeywell International Inc. , opened 13% above its listing price after raising $1.68 billion in an upsized US initial public offering. Shares of the company, which upsized its offering on growing investor enthusiasm for the emerging technology, opened at $68 each, versus the IPO price of $60. The IPO drew demand from investors for more than 20 times the shares available, people familiar with the matter have said . The trading gives Quantinuum a market value of nearly $18 billion based on the outstanding shares in its filings. The Broomfield, Colorado-based company makes powerful quantum computers that solve complex tasks beyond the reach of traditional processors, making them valuable tools for achieving the exponential leaps in computing needed for artificial intelligence. Shares of other quantum computing companies have surged over the last few weeks in a broader market rally led by big technology names also set to benefit from the AI frenzy. D-Wave Quantum Inc. shares have soared more than 90% from the end of March while and Rigetti Computing Inc. stock is up more than 70%. IonQ Inc. stock has gained more than 125% in the same timeframe. International Business Machines Corp. has recently gotten in on the rally, with its shares increasing nearly 40% over the past three weeks. The sector has garnered support from the Trump administration, which last month announced more than $2 billion in funding for a group of quantum computing firms in the US. Quantinuum is set to receive $100 million, while IBM will get $1 billion, the largest award in the Commerce Department’s package. In exchange, the US government is set to receive minority, non-controlling stakes in the companies. Read More: IBM Shares Soar on US Funding for $2 Billion Quantum Push Quantinuum is developing platforms for use in fields such as chemistry, machine learning, cybersecurity, finance and drug discovery. It counts companies such as Amgen Inc. a...

Daniela Amodei, President & Co-Founder at Anthropic discusses the latest in model development, its commercialization strategy and current relations with the US government with Bloomberg’s Shirin Ghaffary at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)

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格隆汇6月5日｜俄罗斯总统普京：俄罗斯反对欧盟变成军事集团，这令人担忧。

Key PointsThe latest 2027 Social Security COLA estimate is 3.9%.

Shares of Xerox Holdings ( XRX ) rose over 8% on Thursday after alternative investment fund STARTEEPO Invest increased its beneficial ownership position in the photocopy maker to more than 6%. Following the transaction, Prague-based STARTEEPO beneficially owns about 8 million Xerox common shares and holds options on an additional 140,000 shares. “We continue to view Xerox as a high-conviction investment and one of the largest positions in our portfolio,” said Frantisek Bostl, Chairman of the Board of STARTEEPO Invest. The fund added that it remains encouraged by the company’s operational and financial trajectory ahead of its upcoming Q2 earnings release. STARTEEPO is now Xerox’s third-largest shareholder and said that it intends to remain a constructive long-term shareholder. “We believe the market may be overlooking a potentially significant long-term opportunity embedded within Xerox’s evolving enterprise workflow platform,” the fund said. More on Xerox Holdings Corporation Xerox Holdings Corporation (XRX) Shareholder/Analyst Call Prepared Remarks Transcript Xerox to join Russell Microcap Index while Applied Digital set to exit among tech firms Xerox rises after Q1 results beat estimates, reaffirming 2026 guidance