Electronic design-automation providers stand to gain $6 billion through 2030, Bloomberg Intelligence's AI scenario analysis shows, with AI-enabled tools like Synopsys' DSO.ai and Cadence's Cerebrus seeing performance gains among its customers.

Sales growth forecasts of 30% for AI chips and 20% for advanced packaging indicate that demand is in the early innings, and gen AI LLMs will be the standout driver for the next generation.

Bloomberg Tax and Accounting announced a new strategic partner program with major tax prep software providers in order to expand the set of available tools for users.

Tech giants are set to spend a staggering $200 billion on AI-related capital expenditures this year, according to Bloomberg's calculations, marking an all-time high for these

According to the findings, early career economists highly value generative AI for use in forecasting models as the single area of their workflow that may be transformed in the coming 2-3 years.

Coatue Management is looking to raise $1 billion to amplify bets on artificial intelligence and tech innovation, marking the first time in several years it has sought cash for the flagship fund.

Apple will reportedly drop another batch of Apple Intelligence features during the first week of December. AI emojis, ChatGPT, and more are expected.

In the latest sign of how Wall Street is playing the AI trend, financial heavyweights Stanley Druckenmiller, Greg Coffey and Thomas Peterffy are among those participating in a $30 million funding round for Reflexivity,

Palantir Technologies Inc has reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the United States for its artificial intelligence (AI) software.

Palantir Technologies Inc. reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence software.

Growing use of generative AI to help with product design can help shorten the window from conception to production, reducing long lead times that often produce inventory imbalances and missteps.