Mega-harvests are a curse in disguise for US farmers who are cutting costs as the ample supply outlook sends crop futures plummeting to four-year lows, Michael Hirtzer & Gerson Freitas Jr. report from #pftour24 🌽🎁🔗: bloomberg.com/news/articles/… via BN Commodities

New: Workday says its cutting costs by using AI in finance, call centers, and software dev departments. Plus hiring more in Costa Rica / India. $WDAY

New from me: Grok has started introducing stricter guardrails, but they're still easily broken. bloomberg.com/news/articles/…

New: Inside Xsolla. This dive into PayPal for gamers reveals how its founder/CEO leaned heavily on corporate funds to help support his LA lifestyle, according to legal & financial docs. Xsolla says it operates in compliance w/ laws. Graphics Leonardo bloomberg.com/graphics/2024-…

New: Super Micro is delaying financial filings a day after short-seller Hindenburg Research alleged “glaring accounting red flags”. Shares down ~25%, wiping out billions in value. $SMCI $DELL $HPE bloomberg.com/news/articles/…

Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged "glaring accounting red flags"; SMCI drops 20%+ (@brodyford_ / Bloomberg) bloomberg.com/news/articles/… 📫 Subscribe: techmeme.com/newsletter?fro… techmeme.com/240828/p15#a24…

Sellside report names are getting out of hand $NTNX

New: Intel is hemorrhaging cash. It wants $ from the Chips Act, up to an $8.5b grant & $11b loan, ASAP Right now the company & Biden admin are stuck in a holding pattern — with no guarantee of when, or if, that money will be disbursed 🧵& free link: bloomberg.com/news/articles/…

Scoop: Raising Cane's revenue jumped 33% to $2.3 billion in the first six months of 2024. Founder Todd Graves is now worth $10.2 billion, according to the Bloomberg Billionaires Index. bloomberg.com/news/articles/…

yesterday bloomberg reported that nvidia got subpoenaed by the DoJ today nvidia insists it didnt get a subpoena, it just got a legally binding request for information that everyone commonly refers to as a subpoena lol

Scoop w/ Brody Ford : Dana Rao, the Adobe exec who led the tech giant's ill-fated attempt to buy Figma for $20bn, is stepping down bloomberg.com/news/articles/… via Bloomberg Technology

Scoop: key adobe exec who led AI safety and the ill-fated battle to buy Figma is stepping down. $ADBE w/ Jamie Nimmo bloomberg.com/news/articles/…

Salesforce scoop: Salesforce Nears Deal to Buy Startup Own for $2 Billion w/⁦Brody Ford⁩ $CRM bloomberg.com/news/articles/…

Silicon Valley billionaire Tom Siebel has accused the Italian energy firm Enel of copying thousands of lines of source code, in a dispute between the software firm he runs, C3 AI and one of its key clients. With Brody Ford and Alberto Brambilla bloomberg.com/news/articles/…

In personal news, I'm thrilled to announce I will be joining the awesome Bloomberg White House team. I can’t wait to hit the ground running during these very historic times. Add me to your distro lists and say hello at [email protected]

Scoop: Adobe is buying 3D data to build a gen ai model for graphics. Autodesk, Nvidia and startups like Meshy are also developing 3D AI. $ADBE $ADSK $NVDA bloomberg.com/news/newslette…

Thrilled to share I’ve joined Bloomberg to cover the telecom industry, including the FCC + the internet, cable and satellite giants. Got a story tip? Let’s talk in my new role!

Scoop: Cox Communications is cutting hundreds of jobs due to sales declines and "fierce" competition. $T $VZ $CMCSA bloomberg.com/news/articles/…