‘Teflon Elon’ reappears

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter.

Top Stories

Anthropic leases SpaceX data center: The AI company has signed a deal with SpaceX to use more than 300MW of computing capacity at a massive data center in Memphis. Here’s why Anthropic needs the power.

Cheaper crypto: Morgan Stanley is rolling out cryptocurrency trading on its E*Trade platform with a dig at rivals: cheaper pricing. Find out how it’s undercutting Coinbase.

Disney’s results: The entertainment company’s profit and revenue topped Wall Street’s expectations. See what businesses spurred the growth.

Must Reads

Sony to Pay Almost $4 Billion for Bieber, Neil Young Catalog

Sony Music is finalizing a deal to acquire a music catalog from Blackstone Inc. that includes works of Justin Bieber and Neil Young in one of the largest such deals in music history, according to people familiar with the matter.

Microsoft in Talks to Ax Energy Pledge Amid Data Center Boom

Microsoft Corp. is in discussions to shelve one of the industry’s most ambitious clean-energy targets as it tries to remove hurdles that could hold it back in the race to power data centers, according to people with knowledge of the matter.

Hut 8 Jumps Most Since 2021 on Texas AI Data Center Lease

Hut 8 Corp., a cryptocurrency miner that is shifting to developing artificial intelligence data center capacity, gained the most in five years after the company signed a lease worth at least $9.8 billion to provide computing power to a “high-investment-grade company.”

Beyond The Brief

Elon Musk gained the nickname “Teflon Musk” for his ability to get out of precarious business and legal situations, Kurt Wagner reports in today’s Tech In Depth. Musk’s settlement with the SEC over whether his purchases of Twitter stock violated security disclosure laws is yet another demonstration that the name still applies, he writes.

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Bloomberg Podcast

This Week In Cyber Bulletin

TikTok, the popular video sharing site, is being used as propaganda — and possibly a recruiting tool — for one of Mexico’s most powerful drug cartels, Jeff Stone reports in this week’s Cyber Bulletin. The coded language used in videos to promote Cartel Jalisco Nueva Generación, or CJNG, appears designed to evade easy detection by platform moderators while still signaling allegiance to those in the know, he writes.

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Before You Go...

Ted Turner, Whose CNN Pioneered 24-Hour TV News, Dies at 87

Ted Turner, the swashbuckling billionaire who founded CNN, the first 24-hour news channel in the world, and turned his company into one of the biggest US cable-television systems before selling it to Time Warner, has died. He was 87.

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