GoKawiil
Tech News
Apple has reduced internal AI spending limits, cutting some engineers' daily caps from $300 to $200, with a possible further cut to $100 for certain teams, according to Bloomberg. Non-engineering staff currently capped at $100 daily could see that limit drop to $25, though employees can request exceptions from senior executives.
Former CFTC chairman James Christopher Giancarlo, now an adviser to companies including Polymarket, told Bloomberg TV that prediction markets benefit society because they satisfy a basic human desire for certainty. Pressed by anchor Tim Stenovec on concerns about the 'gamification' of betting on everything from weather to elections, Giancarlo said such markets aggregate the 'wisdom of the crowd' more effectively than traditional polling.
Venture capitalist Reid Hoffman funneled $8 million to the Democratic Party of Wisconsin between September 24 and October 20, according to state campaign finance records, aiding gubernatorial nominee David Crowley against Republican Tom Tiffany. The donations are part of a broader late-cycle surge in giving from wealthy donors including Michael Bloomberg, Jessica Livingston, Luke Nosek and Elon Musk ahead of Election Day.
Bloomberg is enhancing its generative AI chat interface, ASKB, by allowing users to incorporate their own information into the system. This update aims to give the tool more contextual data to work with when answering queries.
In a Bloomberg report on GTA VI's development, Rockstar technical lead Phil Hooker said the engine, tools and team built for GTA VI should let future projects move faster. He compared the situation to the one-year gap between GTA III and Vice City, when Rockstar reused existing frameworks. The report also detailed a new NPC-focused studio created mid-development and denied claims that GTA VI cost more to make than the Burj Khalifa.
Bloomberg TV's Open Interest program hosted Panmure Liberum analyst Joachim Klement, who said he expects the AI investment bubble to burst in either 2027 or 2028. Klement argued that current spending is misdirected toward resource-heavy frontier large language models in data centers, rather than smaller, open-weight models that could run locally. The appearance followed a Thursday selloff triggered by reports that OpenAI would miss its annual revenue target by roughly $20 billion, though markets largely recovered by Friday.
Bloomberg's Mark Gurman reports that customers who buy the iPhone Duo at a US Apple Store will see a personalized greeting with their name when they first turn on the device. The feature, exclusive to the iPhone Duo, will support English and Spanish and launch alongside the device on October 23, with pre-orders starting October 16.
Google and Unity announced a new platform set to launch in 2026 that enables users to develop video games from simple prompts. The initiative aims to expand Unity's user base and bolster its game development segment, which accounts for roughly a third of its revenue.
Bloomberg reports Apple is preparing to release two variants of a smart display within the month, alongside a new Apple TV and HomePod mini, as part of a broader home hardware push tied to iOS 27. The move would mark Apple's first serious first-party entry into a smart display category long dominated by Google Nest and Amazon Echo devices.
At a Bloomberg conference in Los Angeles, Netflix co-CEO Ted Sarandos said global engagement grew just 2% in the company's most recent reporting period, even as revenue kept growing at double-digit rates across every region. He said Netflix is responding by investing about $1 billion, roughly 5% of its $20 billion annual content budget, in live programming such as sports, wrestling, comedy and major cultural events.
According to a Bloomberg report, Apple's new smart home hub is set to launch within two weeks and will feature a 6-inch square display on a metal arm attached to a round, perforated speaker base, evoking the iMac G4's design. The device reportedly has no battery and must stay plugged into power via USB-C, includes a single front-facing camera, and lacks volume or power buttons. Bloomberg also describes a second wall-mountable version with a flat, square base housing speakers and microphones.
The piece recounts how financial information delivery evolved from carrier pigeons and ticker tape to telegraph and early electronic quote screens like Quotron in 1960. It situates the eventual creation of the Bloomberg Terminal within this long history of firms racing to supply faster, more proprietary market data to traders.