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bloom.bgWorld Bank Report Puts $11.4 Billion Price on Off-Grid SolarAn investment of about $11.4 billion is required over the coming four years to connect hundreds of millions of people to reliable off-grid solar electricity, according to study done by the World Bank and an independent off-grid solar organization.

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An investment of about $11.4 billion is required over the coming four years to connect hundreds of millions of people to reliable off-grid solar electricity, according to World Bank study

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David Stringer

@dstringer.bsky.social

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WATCH: The world’s largest electric ferry is ushering in a new era of giant battery-powered ships. On the latest episode of Bloomberg Primer, we traveled to the Australian shipyard that built the 130-meter long vessel, and climbed aboard. www.bloomberg.com/news/videos/...

bloomberg.comWatch Inside a Giant Electric Ferry - BloombergWhile electric vehicles have gone mainstream, shipping has lagged behind. But now, the humble passenger ferry may be the most primed to make battery-powered boats a viable option.

bloom.bgThe Race for the Worst Job in California PoliticsThe two candidates for state insurance commissioner want to rework homeowners’ insurance after two devastating wildfires last year.

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Disasters driven by climate change have turned the once-boring role of California insurance commissioner into a “no-win” position.

Ukraine is striking refineries while Russia is targeting critical agricultural infrastructure. But the impact of the attacks is reverberating globally. Read more: bloom.bg/4z7GKFb 📷: AFP/Getty Images

bloom.bgAudi CEO Defends Trump Rally Appearance in Letter to WorkersAudi Chief Executive Officer Gernot Döllner said he acted in the interest of the carmaker when he took part in US President Donald Trump’s campaign rally that announced the company would build a $4 billion plant in the country.

Audi CEO Gernot Döllner said he acted in the interest of the carmaker when he took part in US President Donald Trump’s campaign rally that announced the company would build a $4 billion plant in the country.

bloom.bgTrump Should Do a Helmut Schmidt When He Meets Xi and PutinFor reasons that could range from good to atrocious, President Donald Trump wants a three-way summit with his Russian and Chinese counterparts when the three men are in Shenzhen next month for an economic forum.

As during the Cold War, Washington could threaten to deploy new nukes while simultaneously urging talks to get rid of them altogether (via Bloomberg Opinion)

bloom.bgMelania Trump-Backed Local Truce Begins in Ukrainian TownRussia and Ukraine halted fighting around Oleshky, a war-ravaged town in the Russian-controlled part of southern Ukraine, under a rare local ceasefire brokered with the involvement of US First Lady Melania Trump.

Russia and Ukraine halted fighting around Oleshky, a war-ravaged town in the Russian-controlled part of southern Ukraine, under a rare local ceasefire brokered with the involvement of US First Lady Melania Trump

Africa’s biggest IPO has already secured as much as $1.6 billion of fully funded commitments — setting up a likely allocation squeeze as international investors race to secure a stake in Aliko Dangote’s refinery business. Read more: bloom.bg/4imET8m 📷: Damilola Onafuwa/Bloomberg

bloom.bgBrazil Rejects U-Turn on Environment by Reelecting LulaLula’s climate and environmental policies will carry into his fourth term.

Lula’s win means the continuation of his climate and environmental policies, rather than a pivot to the hands-off approach of Flávio Bolsonaro

bloom.bgMusk’s Dream of SpaceX-Tesla Merger Rests on Carmaker’s ShareholdersThe billionaire’s companies are in two very different positions

Elon Musk must persuade Tesla shareholders that a merger with SpaceX is in their interests.

bloom.bgTrump’s Trade General Fights Back as Tariffs Become ToxicUSTR Jamieson Greer sees the short-term pain of tariffs as overblown, touting longer-term gains

USTR Jamieson Greer sees the longer-term gains of Trump’s tariffs as worth near-term “micro issues”

bloom.bgEl Niño Disrupts Chile Mines Ahead of Late-Year PeakRepeated storms are disrupting Chile’s copper industry and agriculture, offering a glimpse of El Niño’s potential toll on commodity markets and supply chains.

Repeated storms are disrupting Chile’s copper industry and agriculture, offering a glimpse of El Niño’s potential toll on commodity markets and supply chains.

bloom.bgTrump Says Golf Course Project Will Proceed Despite Court OrderPresident Donald Trump vowed to appeal a federal judge’s order to restrict his sweeping plan to transform a municipal golf course in Washington into a championship course.

President Donald Trump vowed to appeal a federal judge’s order to restrict his sweeping plan to transform a municipal golf course in Washington into a championship course.

bloom.bgToronto Reelects Chow as Mayor on Affordability PledgesToronto reelected its progressive mayor, Olivia Chow, for a second term on Monday, opting to stick with her agenda of stronger social services and improved affordability.

Toronto has reelected its progressive mayor, Olivia Chow, for a second term, opting to stick with her agenda of stronger social services and improved affordability.

bloom.bgIndonesia Is Reducing Its Gas Supplies to Singapore. Is This a Worry?Indonesia unexpectedly unsettled its relationship with neighboring Singapore after it announced in late October that it would reduce natural gas exports to the city-state.

Singapore relies on imported gas for nearly all its electricity generation. Now its biggest supplier, Indonesia, is dialling back deliveries — raising questions about energy security, costs and tensions between the neighbors.

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Saritha Rai

@saritharai.bsky.social

Tata Communications, part of the $190 billion Tata conglomerate, plans to spend $450M to create long-haul fiber optic network linking India’s key artificial intelligence hubs, building out the country’s infrastructure and readiness for the global AI economy bloomberg.com/news/article... #AI

bloomberg.comTata Commits $450 Million to ‘AI Superhighway’ Linking HubsTata Communications Ltd. plans to spend as much as $450 million to create a long-haul fiber optic network linking India’s key artificial intelligence hubs, building out the country’s infrastructure an...

The richest people behind some of Indonesia’s biggest companies have collectively lost nearly $57 billion since MSCI warned of a possible downgrade of the nation’s equity market in January, leading to a dramatic stock selloff. Read more: bloom.bg/4iGJu6C 📷️: Dimas Ardian/Bloomberg

bloom.bgTrump to Ease Oil Well Methane Curbs in Bid to Lower CostsPresident Donald Trump is set to unveil a plan to dial back federal requirements designed to slash methane emissions from oil and gas operations, casting the proposal as a way to encourage more domestic energy production and lower costs.

Trump is set to unveil a plan to dial back federal requirements designed to slash methane emissions from oil and gas operations, casting the proposal as a way to encourage more domestic energy production and lower costs.

bloom.bgEl Niño Fires Test Limits of Southeast Asia’s Cloud-Seeding BetCloud-seeding missions in the skies above Southeast Asia have done little to snuff out wildfires or disperse the haze that’s cloaked the region for months, exposing the limitations of attempts to modify the weather.

Cloud-seeding missions in the skies above Southeast Asia have done little to snuff out wildfires or disperse the haze that’s cloaked the region for months, exposing the limitations of attempts to modify the weather.

bloom.bgAI Agents Seen Taking Credit-Trading Work From Humans Over TimeBond traders are right to be worried about artificial intelligence, it’s coming for their job — but only some of it, and not all at once.

Bond traders are right to be worried about artificial intelligence, it’s coming for their job — but only some of it, and not all at once

bloom.bgTrump Rallies in Mississippi With Republican Senate Seat at RiskPresident Donald Trump urged Republican voters to head to the polls during a campaign rally in deep-red Mississippi, saying he couldn’t “take a chance” of Senator Cindy Hyde-Smith losing her seat.

Trump urges Republican voters to head to the polls during a campaign rally in deep-red Mississippi, saying he couldn’t “take a chance” of Senator Cindy Hyde-Smith losing her seat.

bloom.bgMemory Chip Giants Worth $2 Trillion Face Test to Prove AI Isn't a BubbleFrom South Korea to Japan and China, the world’s biggest memory chipmakers will this week seek to quell fears that AI spending is outpacing future demand. How they handle back-to-back earnings disclosures and investors’ questions will help determine the trajectory for markets and shed light on the broader outlook for the artificial intelligence industry.

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From South Korea to Japan and China, the world’s biggest memory chipmakers will this week seek to quell fears that AI spending is outpacing future demand.

bloom.bgBolsonaro Changes Strategy, Drops Bid to Annul Brazil ElectionFlávio Bolsonaro, the defeated candidate in Brazil’s presidential election, is abandoning plans to seek to annul the vote and will instead file a case accusing reelected President Luiz Inácio Lula da Silva of abuse of power.

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Flávio Bolsonaro, the defeated candidate in Brazil’s presidential election, is abandoning plans to seek to annul the vote and will instead file a case accusing reelected President Luiz Inácio Lula da Silva of abuse of power

bloom.bgGasoline Prices Under Trump Surpass Biden-Era AverageThe average price Americans are paying for gasoline under President Donald Trump has overtaken the average during the Biden administration, underscoring the political pressure on Republicans ahead of the midterm elections.

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Average US gasoline prices under Trump have surpassed the Biden-era average, adding pressure on Republicans ahead of the midterms.

bloom.bgLula’s Win Rules Out U-Turn by Brazil on Climate, DeforestationThe unexpected result means the continuation of Brazil’s environmental policies rather than a sharp pivot under Flávio Bolsonaro.

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“Brazilians have made their choice at the ballot box, and the Amazon rainforest has another chance,” a climate expert said of Lula's surprise reelection on Sunday.

bloom.bgTrump Says Brazil Election Looked ‘Rigged’ After Lula VictoryUS President Donald Trump said Brazil’s runoff election looked “rigged,” after that country’s president, Luiz Inácio Lula da Silva, pulled off a stunning comeback victory against challenger Flávio Bolsonaro.

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US President Donald Trump said Brazil’s runoff election looked “rigged,” after a result that saw President Luiz Inácio Lula da Silva pull off a stunning comeback victory against challenger Flávio Bolsonaro.

bloom.bgDoorDash Is Said to Near Takeover of Rival InstacartDoorDash Inc. is in advanced talks to acquire Instacart parent Maplebear Inc. for roughly $17 billion, according to people familiar with the matter.

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DoorDash is in advanced talks to acquire Instacart parent Maplebear for roughly $17 billion, according to people familiar with the matter

bloom.bgLula’s Winning Political Instincts Raise Brazil’s Financial RiskThe lion of the Latin American left pulled off yet another impossible comeback, but now he has to accomplish what he’s failed to do for the past four years.

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Lula cheated political death to win a fourth Brazilian presidency. Now his instincts could put the country’s finances at risk.

bloom.bgCalifornia Billionaires Have a Cash Problem With Wealth Tax ProposalMark Zuckerberg’s liquidity negotiations show some of the difficulties in taxing the rich.

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California’s wealth tax proposal opens up a personal finance dilemma for billionaires like Mark Zuckerberg

bloom.bgNBA Reaches Deal With Prediction Markets Kalshi and PolymarketThe National Basketball Association reached a deal with Kalshi and Polymarket that designates the platforms as the league’s preferred prediction market exchanges, in addition to announcing an information sharing agreement with the US Commodity Futures Trading Commission.

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The NBA reached a deal with Kalshi and Polymarket that designates the platforms as the league’s preferred prediction market exchanges.

bloom.bgWhat to Know About the Anthropic IPOIn late 2020, a group of senior OpenAI employees unhappy with what they saw as the company’s failure to adequately prioritize AI ethics and safety left the firm to form Anthropic PBC. Just a few years later, the younger company has become an artificial intelligence behemoth that is expected to hold one of the largest and most closely watched initial public offerings in history.

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Anthropic is going public at a fraught time in the AI industry. Here's what to know about the challenges it's facing.

bloom.bgGoogle’s New Fitbit is a Vehicle for Its Excellent Health AppThe best thing about the $180 Fitbit Edge is the Google Health app, which doesn’t actually require users to own a Fitbit.

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The best thing about the $180 Fitbit Edge is the Google Health app, which doesn’t actually require users to own a Fitbit.

Bloomberg News reposted

Micah Barkley

@micahbarkley.bsky.social

15h

Replying to @micahbarkley.bsky.social

(gift link!) www.bloomberg.com/graphics/202...

bloomberg.comAnthropic’s Massive Revenue Surge Comes With Ballooning Computing BillThe AI giant must convince investors it can maintain rapid growth amid fierce competition while managing billions in computing costs. Bloomberg breaks down the numbers.

bloom.bgAnthropic’s Massive Revenue Surge Comes With Ballooning Computing BillThe AI giant must convince investors it can maintain rapid growth amid fierce competition while managing billions in computing costs. Bloomberg breaks down the numbers.

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The AI giant must convince investors it can maintain rapid growth amid fierce competition while managing billions in computing costs. Bloomberg breaks down the numbers.

bloom.bgAnthropic’s Seven Founders Are Worth More Than $13 Billion EachAnthropic PBC’s seven co-founders each hold roughly 1.4% of the company, its IPO filing revealed Monday, giving them individual fortunes of more than $13 billion.

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Anthropic's seven co-founders each hold roughly 1.4% of the company, its IPO filing revealed Monday, giving them individual fortunes of more than $13 billion.

bloom.bgSpaceX Agrees to $40 Billion Chip-Financing Deal With ApolloSpaceX signed a roughly $40 billion equipment-finance lease with Apollo Global Management Inc. to pay for the chips needed to fuel its artificial intelligence ambitions.

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SpaceX signed a roughly $40 billion equipment-finance lease with Apollo to pay for the chips needed to fuel its AI ambitions

bloom.bgApple Debuts $699 Water-Resistant iPad Mini With OLED ScreenApple Inc. on Monday unveiled a revamped iPad mini with an OLED display, water-resistant design and faster chip, kicking off a week of product launches.

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Apple on Monday unveiled a revamped iPad mini with an OLED display, water-resistant design and faster chip, kicking off a week of product launches

bloom.bgAnthropic IPO Filing Cites Reliance on Google, Amazon, MicrosoftAnthropic PBC is relying more and more on Alphabet Inc.’s Google, Amazon.com Inc. and Microsoft Corp. to sell its artificial intelligence technology to customers, despite the three companies being rivals, investors and key suppliers of computing power.

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Anthropic is relying more and more on Google, Amazon and Microsoft to sell its AI technology to customers, despite the three companies being rivals, investors and key suppliers of computing power.

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The iPhone Duo, one of Apple’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use. Read the full story: bloom.bg/4jBAwsh 📷: Surya Mangi

bloom.bgMeta Seeks Up to $95 Billion in Equity to Fund AI SpendingMeta Platforms Inc. is seeking to raise as much as $95 billion from selling common and preferred stock, supporting its development in artificial intelligence with one of the largest equity offerings in history.

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Meta is seeking to raise as much as $95 billion from selling common and preferred stock, tapping investors for support in the race to lead artificial intelligence’s development.

Anthropic is relying more and more on Google, Amazon and Microsoft to sell its AI technology to customers, despite the three companies being rivals, investors and key suppliers of computing power.

Bloomberg News reposted

Mark Gurman

@markgurman.bsky.social

bloomberg.comApple’s Foldable iPhone Duo Draws Early Complaints of the Screen CrackingThe iPhone Duo, one of Apple Inc.’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use.

NEW: The iPhone Duo screen-cracking issue is real. Apple hasn’t given stores or customer service representatives guidance but the company is investigating it. Several have personally sent me their images and stories of their new $2000 device breaking within hours. www.bloomberg.com/news/article...

bloom.bgApple’s Foldable iPhone Duo Draws Early Complaints of the Screen CrackingThe iPhone Duo, one of Apple Inc.’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use.

The iPhone Duo, one of Apple’s biggest new products in years, is drawing a growing number of complaints from customers who say the foldable display cracked after just hours or days of use

bloom.bgAnthropic Cites Climate Change as Risk to Business in S-1Anthropic PBC says it expects to face heightened scrutiny of how it tackles environmental and social tensions associated with the build-out of AI infrastructure.

Anthropic flagged climate and environmental risks in its IPO filing, highlighting its vast electricity and infrastructure needs.

bloom.bgWhat Investors Need to Know About Anthropic’s IPO FilingHere are five key takeaways from Anthropic PBC’s IPO filing on Monday:

Here are five key takeaways from Anthropic’s IPO filing

bloom.bgMachado’s Venezuela Return Fuels Hope of Shift to DemocracyVenezuelan opposition leader María Corina Machado arrived in Caracas Sunday night, capping an 11 hour journey through five states that drew crowds of supporters and raised expectations for a return to democracy.

Venezuelan opposition leader María Corina Machado arrived in Caracas Sunday night, capping a daylong journey through five states that drew crowds of supporters and raised expectations for a return to democracy.

bloom.bgCitadel’s Pablo Salame Says AI’s Rising Tide ‘Will Sink Some Boats’A transformative artificial intelligence boom that sweeps across the global economy will leave some casualties in its wake — at least, that’s the verdict of Citadel co-Chief Investment Officer Pablo Salame.

A transformative AI boom that sweeps across the global economy will leave some casualties in its wake — at least, that’s the verdict of Citadel co-CIO Pablo Salame