Trump looks to old-school tech

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Tech Across the Globe

Anthropic's moves: The AI company is considering going public as early as October. It also won a victory over the Pentagon's attempts to ban its use in the US government as a supply chain risk.

Pricier PlayStations: Sony is hiking the price of its PlayStation 5 game console by $100 to $650 beginning Thursday, saying global economic conditions forced the increase.

FBI chief hacked: A pro-Iran hacking group claimed to breach FBI Director Kash Patel's personal email inbox and posted some of the contents online.

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Revalued

Physical Intelligence, a two-year-old robotics startup, is in talks for a $1 billion funding round that would almost double the company's valuation to more than $11 billion including dollars raised. The startup was founded by AI academics and former Google DeepMind researchers to develop models that can power robots to handle everyday tasks.

Must Read

President Donald Trump's science and technology advisory panel is dominated by industry veterans, including Michael Dell and Larry Ellison, Edward Ludlow reports in today's Tech In Depth. But the executives running the top artificial intelligence companies, such as OpenAI and Anthropic, aren't represented with AI among the key policy issues facing the White House, he writes.

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 Game On

The news that Epic Games, maker of the popular Fortnite, was letting 1,000 employees go sent shudders through the industry, Jason Schreier reports in this week's Game On. If one of the most successful live-service games of all time can't make ends meet, it doesn't bode well for companies all over the world that have spent the last decade chasing the live-service dragon, he writes.

Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier.

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