Hong Kong, India Fuel Blockbuster Year for Asia Fundraising

President Donald Trump signed an executive order aimed at preventing state-level regulations on artificial intelligence (AI) through legal actions and funding cuts, a move that has been welcomed by technology industry leaders advocating for a unified regulatory approach. David Sacks, the White House AI and Crypto Czar, discussed the implications of this order on Bloomberg Tech.

India has mandated that VPN services block access to websites that unlawfully expose citizens' personal data, a request from the Ministry of Electronics and Information Technology (MeitY) aimed at enhancing data protection. This move raises concerns regarding the operational integrity of no-log VPN services, which prioritize user privacy by not retaining user data.

The bidding process for Warner Bros. Discovery Inc. has faced significant challenges, with competing suitors struggling to make headway. This turmoil raises questions about the viability of an auction for the company, although it is too early to dismiss the possibility entirely.

Ireland has officially lifted its moratorium on new power connections for data centers around Dublin, providing much-needed clarity for the industry regarding the requirements for establishing new facilities. This decision marks a significant shift in the country's approach to managing its energy resources in relation to the growing demand from the tech sector.

China is considering a substantial package of incentives, potentially reaching $70 billion, to bolster its chipmaking industry, which is seen as crucial in the ongoing technological rivalry with the United States.

ASML's chipmaking machines have become essential to the global technology ecosystem, solidifying the company's status as Europe's most valuable firm. Tom Mackenzie highlights how these machines are pivotal in the AI supply chain, enabling advancements in artificial intelligence and semiconductor manufacturing.

Oracle's stock has experienced its most significant decline since January, attributed to increasing concerns over rising artificial intelligence (AI) spending. Beth Kindig, a tech analyst at the I/O fund, highlighted that investors are awaiting a pivotal moment in the tech sector that has yet to materialize. This sentiment was discussed during a segment on Bloomberg Tech with Caroline Hyde and Ed Ludlow.

Netskope Inc. has initiated a full-year revenue guidance that exceeds market expectations in its first earnings report since going public, signaling strong financial performance and investor confidence.