Descriptions:
Bloomberg Tech’s July 29, 2026 broadcast covers a cluster of significant AI-adjacent financial developments. The lead story: SK Hynix reported a sixfold jump in quarterly profit while raising its capital spending plan to a record $31 billion — yet shares fell as investors focused on pricing misses relative to elevated expectations and insufficient visibility into long-term demand commitments. Bloomberg Intelligence analyst Jake Silverman explains the structural shift underway: AI’s extreme memory intensity is pushing cloud and hyperscaler customers toward longer-term supply contracts, a behavior change that cuts both ways for memory makers trying to justify massive capacity additions.
On the funding side, Moonshot AI — creator of the Kimi K3 open-weight model — raised $3.5 billion at a $35 billion valuation, surpassing its original target, with sources indicating the company is already targeting a further private round at $50 billion pre-money ahead of a Hong Kong IPO potentially before the end of 2026. The rapid valuation escalation from roughly $10 billion to $50 billion within a single year underscores how the Kimi K3 release reshaped investor appetite for Chinese frontier AI.
The broadcast also features a sit-down with SoFi CEO Anthony Noto following the company’s earnings beat, including commentary on where AI is delivering measurable impact: code production velocity, underwriting, fraud detection, and customer service. The episode provides a useful snapshot of how AI capital flows and chip-market dynamics are interacting heading into a big-tech earnings week featuring Microsoft and Meta.
📺 Source: Bloomberg Tech · Published July 29, 2026
🏷️ Format: News Analysis
