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| Amazon’s poaching: Small merchants and artists have accused Amazon of using an AI tool to scrape their websites and offer products without their knowledge or consent. Siemens eyes deals: Chief Executive Officer Roland Busch is looking for potential acquisition targets in artificial intelligence, life sciences and operations software. Huang’s wealth: Nvidia CEO Jensen Huang said he’s “perfectly fine” with a move by Californians to force a vote on a special tax on billionaires. | |
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| Elon Musk’s xAI completed a $20 billion funding round with backing from investors including Nvidia and the Qatar Investment Authority. The AI firm, which raised about $10 billion of corporate equity and debt in 2025, still needs billions more given it has announced a major expansion to its data center complex in Memphis and is said to be burning through $1 billion per month. | |
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| For all its electronics innovations, Samsung’s stock has never seen the boost it has been getting the past few months on demand for its memory chips, Vlad Savov reports in today’s Tech In Depth. AI is fueling the boom and SK Hynix and other memory chip makers are along for the ride with Samsung, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. | |
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