Descriptions:
A Bloomberg Technology live broadcast covers three intersecting stories at the center of the US-China AI competition. The Pentagon added Alibaba, Baidu, and BYD to its list of companies allegedly aiding China’s military — then withdrew the updated list hours later without explanation. The 1260H designation, which already included Tencent as of January, has become a market-moving bellwether for US-China tech policy; shares of affected US-listed Chinese companies dropped the moment the list appeared. Bloomberg reports the Pentagon declined to comment on the reversal.
Running in parallel, Anthropic finalized a $30 billion funding round — up from an initial $10 billion target — doubling its valuation to $380 billion. Confirmed financials show annual revenue run rate growing from $9 billion to $13 billion, with Claude Code cited as a notable growth driver. Notably, some investors are now simultaneously backing both Anthropic and OpenAI, a hedging dynamic Bloomberg describes as new to Silicon Valley.
The broadcast also details an OpenAI memo to US Congress accusing DeepSeek of improperly using outputs from American frontier models to train its R1 system through distillation. OpenAI says it identified the practice last year, attempted countermeasures, and found DeepSeek actively working to circumvent them. The filing frames DeepSeek’s data screening of politically sensitive topics as a national security concern, adding a formal government-engagement dimension to what had been a benchmarking and competitive intelligence story.
📺 Source: Bloomberg Technology · Published February 13, 2026
🏷️ Format: News Analysis
