Microsoft Shares Slide on Report of Lower Demand for AI Software

Early-stage investor Plus VC has announced plans to fund over 40 startups in Saudi Arabia by 2026, reflecting the country's growing status as a regional venture capital hub. This initiative aligns with Saudi Arabia's broader economic transformation and its efforts to diversify its economy beyond oil dependency.

The S&P 500 has recently approached an all-time high, yet the technology sector, particularly Big Tech, is not leading this rebound, indicating a shift in market dynamics. This development highlights a growing disconnect between traditional tech giants and broader market performance.

YouTube creators are increasingly targeting young children with AI-generated content that claims to be educational, raising concerns about the impact on their cognitive development. As children spend more time on the platform, the prevalence of such videos has sparked debate among parents and educators regarding their educational value.

Salesforce Inc. shares have reached a historically low price, yet investor confidence remains shaky due to escalating concerns that advancements in artificial intelligence (AI) may undermine the company's growth potential.

India is encouraging coal plants to invest in upgrades that will enable them to operate at lower capacities, thereby creating more room for renewable energy sources in the national power grid. This initiative reflects a strategic shift towards integrating a higher percentage of renewables into the energy mix.

India has reversed its decision to mandate the pre-installation of a state-run cybersecurity app, Sanchar Saathi, on smartphones after facing significant public backlash and criticism from political parties regarding privacy concerns. This decision came just a day after the initial order was announced, which aimed to enhance national security amid rising cybercrime.

The cryptocurrency market is experiencing a rally, but analysts Mark Cudmore, Guy Johnson, and Anna Edwards suggest that this momentum may soon diminish, as discussed on Bloomberg's 'The Opening Trade.' Recent fluctuations in Bitcoin prices have raised concerns about the sustainability of this upward trend.

Stocks rose as Bitcoin experienced a notable rebound, climbing back above $90,000 after a significant selloff that had previously erased nearly $1 billion in leveraged bets. This recovery was highlighted during the U.S. market close coverage on Bloomberg Television, where analysts discussed the implications for investors and the broader market.