Persistence separates great leaders from everyone else according to Matt McKnight, CEO of Perimeter. He joined Bloomberg Open Interest to talk about why the most impactful leaders choose problems that seem unsolvable and stay with them anyway. He says you will hear no, that will not work or we have tried that before, but if you understand your domain, think from first principles, and bring others ...
Persistence separates great leaders from everyone else according to Matt McKnight, CEO of Perimeter. He joined Bloomberg Open Interest to talk about why the most impactful leaders choose problems that seem unsolvable and stay with them anyway. He says you will hear no, that will not work or we have tried that before, but if you understand your domain, think from first principles, and bring others along, you can change entire industries. (Source: Bloomberg)
Sundry Photography/iStock Editorial via Getty Images alxpin/iStock via Getty Images Lockheed Martin's ( LMT ) next-generation AIM-260 air-to-air missile program is poised for a major funding increase under the Trump administration’s proposed budget, signaling that production may ramp up quickly and that deployment could be on the horizon. Budget materials released Friday show the U.S. Air Force an...
Sundry Photography/iStock Editorial via Getty Images alxpin/iStock via Getty Images Lockheed Martin's ( LMT ) next-generation AIM-260 air-to-air missile program is poised for a major funding increase under the Trump administration’s proposed budget, signaling that production may ramp up quickly and that deployment could be on the horizon. Budget materials released Friday show the U.S. Air Force and Navy are requesting about $2.9 billion for the still-classified missile in fiscal 2027, a sharp jump from roughly $894 million allocated this year. The documents, part of a sweeping $1.5 trillion federal budget proposal, do not explain what prompted the services to scale up funding so dramatically, especially given that production only began within the past year. Once operational, the AIM-260 is expected to become the most advanced air-to-air weapon in the U.S. inventory. That distinction has long belonged to successive upgrades of RTX ’s ( RTX ) AIM-120 AMRAAM, which entered service in the early 1990s. The Pentagon recently revealed an international component to the program, disclosing plans to sell 460 AIM-260 missiles to Australia along with related testing equipment in a deal valued at $3.1 billion. The missile is being designed to fit inside the internal weapons bays of stealth aircraft such as the F-22 and F-35, though officials have indicated it will also be compatible with legacy platforms including the F-15 and F-16. In earlier testimony before Congress, former Air Force Chief of Staff Charles Q. Brown Jr. suggested the missile could also be deployed on the service’s emerging Collaborative Combat Aircraft, an unmanned system currently undergoing flight testing. Development of the AIM-260 dates back to 2017, when Lockheed Martin ( LMT ) secured the initial contract. At the time, Air Force officials were targeting an operational debut early in the decade, though timelines have since shifted. The missile will join a broader portfolio of high-priority systems produce...
The artificial intelligence ( AI ) market has expanded rapidly over the past decade, driven by the arrival of more sophisticated generative AI applications, chatbots, and services. That expansion drove many AI stocks to all-time highs. Still, some of those market darlings fizzled out this year as inflation, geopolitical conflicts, and other macro headwinds pushed investors toward more conservative...
The artificial intelligence ( AI ) market has expanded rapidly over the past decade, driven by the arrival of more sophisticated generative AI applications, chatbots, and services. That expansion drove many AI stocks to all-time highs. Still, some of those market darlings fizzled out this year as inflation, geopolitical conflicts, and other macro headwinds pushed investors toward more conservative investments. But over the long term, the AI market should continue to expand. In his latest letter to JPMorgan Chase 's investors, CEO Jamie Dimon noted that five hyperscalers -- Microsoft , Amazon , Alphabet 's Google, Meta Platforms , and Apple -- would increase their annual AI-driven capital spending from $450 billion in 2025 to $725 billion in 2026. Those investments indicate there's still plenty of room for the AI market to expand -- even if the near-term challenges compress the sector's valuations. Let's see which companies will benefit from that spending spree -- and which will be left behind. Image source: Getty Images. Continue reading
Arne Slot says Liverpool have no chance against Paris St-Germain unless his side turns up for 90 minutes - after disagreeing with Virgil Van Dijk's comments about the team giving up.
Arne Slot says Liverpool have no chance against Paris St-Germain unless his side turns up for 90 minutes - after disagreeing with Virgil Van Dijk's comments about the team giving up.
Bloomberg's Katherine Doherty joins Katie Greifeld and Tim Stenovec on "Bloomberg Crypto." Polymarket pulled a betting market on the status of US pilots after attacks on American fighter jets. The platform apologized, stating the market "should not have been posted," and is reviewing how it bypassed internal controls. (Source: Bloomberg)
Bloomberg's Katherine Doherty joins Katie Greifeld and Tim Stenovec on "Bloomberg Crypto." Polymarket pulled a betting market on the status of US pilots after attacks on American fighter jets. The platform apologized, stating the market "should not have been posted," and is reviewing how it bypassed internal controls. (Source: Bloomberg)
imaginima/iStock via Getty Images Until recently, Cipher Digital Inc. ( CIFR ) was a second-tier, pure-play Bitcoin miner created via SPAC in 2021 and led by CEO Tyler Page, a former Goldman Sachs banker. Today, it is a totally different company. CIFR’s business model is transitioning into a data center developer for hyperscalers; essentially, it is swapping a highly volatile cash flow stream link...
imaginima/iStock via Getty Images Until recently, Cipher Digital Inc. ( CIFR ) was a second-tier, pure-play Bitcoin miner created via SPAC in 2021 and led by CEO Tyler Page, a former Goldman Sachs banker. Today, it is a totally different company. CIFR’s business model is transitioning into a data center developer for hyperscalers; essentially, it is swapping a highly volatile cash flow stream linked to crypto for stable, long-term rents secured at attractive prices. Analysts’ consensus forecasts revenue of $235 million for FY2026, but this is just a fraction of what lies ahead given the rent agreements already signed plus a robust pipeline of new projects. My thesis is that due to the business model transition and the consequent ‘dry spell’ in results until H2 FY2026, when the first rents kick in, the market is not yet fully pricing in the shift in the company’s core nature. I rate the stock as a BUY. The Cinderella Story As a reader, I have always been drawn to fairy tales, which is perhaps why the Cinderella story was the first thing that came to mind when I started researching this stock. During the crypto winter, Cipher was the humble ‘little sister’ mining Bitcoin in a corner of Texas, focusing on rock-bottom energy costs, while all the attention went to its ‘ugly stepsisters,’ large-scale miners like MARA Holdings ( MARA ) and Riot Platforms ( RIOT ). Following the analogy, the fairy godmother did not arrive with a wand but with an Nvidia ( NVDA ) chip. Cipher’s management realized that its infrastructure—liquid-cooled data centers connected to low-cost energy in Texas- could be used for more than just mining crypto; it could be transformed into a ‘golden carriage’ for AI hyperscale data centers. Last February, the company rebranded from Cipher Mining (the miner’s rags) to Cipher Digital, the ball gown it now wears to present itself to the AI infrastructure market, reflecting a complete business model transformation. From Bitcoin miner to AI landlord. The firm...
Antares Earns DoE's First Ever Microreactor Approval As Modi Heralds 'Defining Step In India's Nuclear Energy Journey' Antares Nuclear reached the most significant regulatory milestone to date for a microreactor. The company announced that its Mark-0 reactor became the first advanced reactor to receive Department of Energy approval for a Documented Safety Analysis under the new DOE-STD-1271. DSA a...
Antares Earns DoE's First Ever Microreactor Approval As Modi Heralds 'Defining Step In India's Nuclear Energy Journey' Antares Nuclear reached the most significant regulatory milestone to date for a microreactor. The company announced that its Mark-0 reactor became the first advanced reactor to receive Department of Energy approval for a Documented Safety Analysis under the new DOE-STD-1271. DSA approved. ✅ Antares is the first advanced reactor to receive DOE approval of a Documented Safety Analysis under DOE-STD-1271. Our Mark-0 reactor now moves to Readiness Review. Onward. pic.twitter.com/DovqJsVVwz — Antares (@AntaresNuclear) April 6, 2026 The company will now proceed with preparations for taking the reactor critical for the first time . This includes forming a joint test group to oversee the startup planning and execution. Secretary of Energy Chris Wright holds permission for starting up the reactor as the Startup Approval Authority. Bob Boston, manager of the DOE Idaho Operations Office, granted the approval of the DSA on Monday afternoon and clarified “ The Department of Energy DSA is equivalent to an NRC license ”. We have closely tracked Antares and other reactor developers in the rapidly advancing microreactor race . The company's R1 design is a sodium heat pipe cooled microreactor engineered to provide up to one megawatt of flexible, carbon-free power. It targets applications including remote communities and military installations where conventional power infrastructure is limited. BWXT is completing TRISO fuel fabrication for the pilot with a planned criticality date before July 4th . The company stands out as an early leader in securing formal safety analysis approval ahead of other contenders such as Radiant, Valar, Aalo Atomics, and Oklo. This development occurs just after we highlighted the Department of Energy’s requested $45 billion in nuclear funding for fiscal year 2027, and recent discussions from Jay Yu of Nano Nuclear pointing out nuclear ener...
Venture firm Eclipse has raised $1.3 billion across two funds to back companies building the next era of physical industries like those in robotics, manufacturing, and energy. Lior Susan, the founder and CEO of Eclipse, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)
Venture firm Eclipse has raised $1.3 billion across two funds to back companies building the next era of physical industries like those in robotics, manufacturing, and energy. Lior Susan, the founder and CEO of Eclipse, speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)