Bloomberg Tech host Ed Ludlow says Apple's lawsuit against OpenAI reflects an intensifying battle for AI talent and hardware leadership, with Apple alleging former employees improperly took trade secrets as OpenAI expands its device ambitions. He also says SK Hynix expects AI memory demand to outpace supply, plans to increase US investment beyond $35 billion, and sees the next test for the AI boom coming as technology companies report earnings and investors assess whether spending is translating into profits. (Source: Bloomberg)

When iPhone engineer Chang Liu quit for a job at OpenAI’s nascent hardware division, Apple Inc. says he left with more than just years of experience.

Media veteran Michael Wolf discusses Allen & Company’s annual Sun Valley Conference and breaks down the mega deals that are reshaping the entertainment industry. He explains why free ad-supported content is the unsung winner of the streaming wars, and digs into the ways AI is changing the value of content. (Source: Bloomberg)

OpenAI head of safety Johannes Heidecke is leaving the artificial intelligence company following a reorganization, according to Wired.

From missiles and uranium to critical minerals and sports diplomacy, Prime Minister Narendra Modi used a three-nation tour to deepen India’s Indo-Pacific partnerships as regional powers strengthen ties amid China’s growing influence and uncertainty over US engagement.

Kevin Warsh is about to make his first appearance before Congress as Federal Reserve chairman, and during two days of testimony he’ll have new US inflation data to parse with lawmakers.

For the first time in recent history, primary dealers have gone net short on debt they used to hold billions of dollars of.

Axios defense reporter Colin Demarest says President Donald Trump's proposal to let Ukraine produce Patriot interceptors faces significant manufacturing, licensing and technology hurdles, making it unlikely to address Kyiv's immediate air defense needs. He says shortages of advanced interceptors continue to raise broader questions about defense industrial capacity, while Ukraine's rapid innovation in drones is reshaping how allies think about modern warfare. (Source: Bloomberg)

Bloomberg Pursuit staff writer Hannah Elliott says Tinnitus affects more than 50 million Americans, remains underdiagnosed and underfunded, and can have profound effects on mental health and quality of life. She says growing awareness of hearing health and new treatments, including the FDA-cleared Lenire device, offer hope as researchers work to better understand and treat the condition. (Source: Bloomberg)

Tencent Holdings Ltd. is in discussions to become the largest external shareholder in Manus, in a deal to buy back the agentic AI pioneer after Chinese regulators struck down Meta Platforms Inc.’s blockbuster acquisition.