AI shakes up software deals

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Tech Across the Globe

Switch 2 sales: Nintendo is cutting back production of the game console after sales in the year-end holiday season trailed expectations, particularly in the US.

New BBC leader: Matt Brittin, a former top Google executive in the UK, is expected to be named head of the British Broadcasting Corp., becoming the first tech leader to run the storied media company.

OpenAI's changes: The leading artificial intelligence startup plans to discontinue its Sora video generator as part of the effort to streamline its products and focus more on business customers.

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Palantir CTO Sees Iran War as First Major AI-Driven Conflict

Palantir Technologies Inc. Chief Technology Officer Shyam Sankar said that the war in Iran will likely be remembered as the first major conflict where artificial intelligence played a central role, representing a turning point in modern warfare.

Technology

Arm to Sell Its Own Chips, Eyeing Sales Goal of $15 Billion

Arm Holdings Plc, which made its name licensing technology to semiconductor makers, will begin selling its own chips for the first time, adding a business that it expects to generate about $15 billion annually within five years.

Industries

NASA to Spend $20 Billion on Moon Base, Create Mars Craft

NASA plans to invest $20 billion over the next seven years to develop a base on the surface of the moon, the latest major strategy shakeup aimed at enabling humans to live on the lunar surface long-term.

Revalued

Kleiner Perkins is raising $3.5 billion in a new fund to make bets on AI startups. The longtime venture capital firm, known for early investments in Google and Amazon, will put $1 billion of the new money toward its 22nd early stage fund, targeting promising new AI companies.

Must Read

The popularity of AI tools is already shaking up the software industry, including spurring customers to demand shorter-term contracts so they don't end up with obsolete products, Rebecca Torrence reports in today's Tech In Depth.

Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world.

This Week in Power On

Apple's launch of a new AirPods Max 2 headphones blurred the line between a genuine technical update and marketing, Mark Gurman reports in this week's Power On. By putting a "2" in the name, Apple is treating a maintenance update as it if were a new generation of the product, he writes.

Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech.

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