Banks Mine Decades of Deal History to Feed AI Banking Tools

Stocks in Asia reacted positively to the Federal Reserve's recent interest rate cut, signaling optimism in the market. However, Oracle's disappointing earnings report has cast a shadow over the technology sector, highlighting the challenges faced by tech companies amid fluctuating economic conditions. Bloomberg's coverage from Tokyo and Singapore provides insights into these developments.

SpaceX is reportedly targeting an initial public offering (IPO) in 2026, aiming to raise over $30 billion, which would set a record for the largest IPO in history. This announcement comes as the company prepares to sell insider shares that could value it at up to $800 billion, reflecting strong investor confidence in its future prospects.

Will Whitehorn, chair of Seraphim Space and former chairman of Virgin Galactic, stated that SpaceX's decision to go public will create significant changes within the space industry, particularly affecting its suppliers. This perspective was shared during an interview on Bloomberg Tech with Ed Ludlow.

SpaceX is reportedly advancing plans for an initial public offering (IPO) in 2026, aiming to raise significantly more than $30 billion, potentially marking one of the largest IPOs in history. This information was shared by Phil Haslett, co-founder of EquityZen, during an interview on Bloomberg Tech.

Mark Zuckerberg is taking a hands-on approach at Meta Platforms Inc., directing a shift towards a money-making artificial intelligence model. This pivot comes as the company reassesses its financial priorities amidst ongoing scrutiny of its metaverse investments.

Nu Quantum, a British startup specializing in networking infrastructure for quantum computers, has successfully raised $60 million in a Series A funding round, marking one of the largest such rounds in the UK. This influx of capital is attributed to the ongoing artificial intelligence boom, which is driving investments in advanced technologies. CEO Carmen Palacios-Berraquero highlighted the significance of this funding in an interview with Bloomberg's Tom Mackenzie.

Lenskart co-founder and CEO, Peyush Bansal, announced the company's expansion plans and a new partnership with Pop Mart to launch Labubu-themed eyewear during an exclusive interview on Bloomberg's Insight with Haslinda Amin.

Accenture and Anthropic have announced a significant expansion of their partnership, forming the Accenture Anthropic Business Group, which will involve training approximately 30,000 professionals to facilitate the transition from AI pilots to full-scale deployment. This initiative was discussed by the CEOs of both companies on Bloomberg's 'The Close.'