Daily archive

Tech News for Friday, August 28, 2026

89 stories from 30 outlets. Times show when each story first broke, in UTC.

Top stories

Business 11

Rachel Yeo · Bloomberg Technology

Haier sees Europe and India AC demand offset weak China sales

Haier Smart Home reported increased demand for air conditioners from Europe and India, helping offset sluggish sales in China. The company is benefiting from heatwaves and cooling demand in those regions.

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Harry Suhartono · Bloomberg Technology

Pimco says 'too much, too fast' AI debt is stoking bond yields

Pacific Investment Management Co. warns that the flood of debt financing for AI capital expenditures is causing 'indigestion' in fixed-income markets and fueling yields. However, Pimco believes this dynamic should result in decent longer-term returns for investors.

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Rajesh Mascarenhas · Bloomberg Technology

Jio Platforms receives regulatory approval for its IPO

Mukesh Ambani's Jio Platforms, the digital and telecom arm of Reliance, has received regulatory approval for its initial public offering, clearing a key hurdle in its long-awaited plan to go public.

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Kari Lindberg, Janice Huang and Aileen Chuang · Bloomberg Technology2 sources

SoftBank seeks second $10B loan against its OpenAI stake

SoftBank is seeking a further $10 billion loan secured against its OpenAI stake, following a previous loan of the same size. The funds are intended to finance its OpenAI investment.

Also covered by The Next Web

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AI 5

Startups 5

Katria Alampay and Shery Ahn · Bloomberg Technology

Lightspeed predicts globally competitive Indian AI model by 2027

Venture capital firm Lightspeed expects a homegrown Indian AI model to be globally competitive and released by next year, according to Bloomberg Technology. The prediction highlights the growing AI ecosystem in India.

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Security 3

Gadgets 2

Science 2

Big Tech 1

Everything else 55

Emily Forgash · Bloomberg Technology

Quantum Computing Firm Pasqal Jumps 52% in Debut Via SPAC Merger

Pasqal Holding SA soared in its first day of trading after the quantum computing company went public in New York via a merger with a blank-check firm, outperforming other quantum companies that have recently debuted.

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Adi Robertson · The Verge

Even the local pop-punk band is dissing Flock.

Some banter from the tiny show I'm at in rural upstate New York tonight (lightly condensed): "Stick around for the other bands, tip your bartender, destroy Flock cameras." Read the full story at The Verge.

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Bloomberg Technology

Warsh Says Inflation Isn't Slowing | The Close 8/28/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are BMO US President Aron Levine, Morgan Stanley Investment Management Senior Portfolio Manager Andrew Slimmon, Cisco President & Chief Product Officer Jeetu Patel, SentinelOne Co-Founder Tomer Weingarten, Oliver Wyman CEO Ted Moynihan, Interactive Brokers Chief Strategist Steve Sosnick, The Conference Board Chief Economist Dana Peterson, Former SEC Chair Mike Piwowar, and IMF Managing Director Kristalina Georgieva. (Source: B

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Justine Calma · The Verge

Trump’s EPA wants to let data centers hide their air pollution

Just as new data centers face growing backlash from neighboring communities, the US Environmental Protection Agency (EPA) is about to make it harder for people to weigh in on any pollution those centers create. The EPA plans to toss out a federal rule requiring public notice and an opportunity to comment when certain industrial sites […]

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Bloomberg Technology

Rogoff Says Economic Shock Needed to Force US Deficit Reform

Kenneth Rogoff, professor of economics at Harvard University and former chief economist at the IMF, discusses the US deficit problem and why he thinks it is unlikely to be addressed until a major crisis forces voters to act. He speaks with Bloomberg's Tom Keene at the Federal Reserve’s annual conference in Jackson Hole, Wyoming. (Source: Bloomberg)

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Bloomberg Technology

Affirm CEO: American Consumers Are Healthy

Affirm CEO Max Levchin joins Bloomberg Businessweek Daily to discuss the company's recent earnings report, including an upbeat revenue outlook as the short-term loan company sees its most profitable quarter on record. Levchin also discusses recent partnerships, e-commerce growth, and the state of the consumer, saying Affirm customers are "healthy, paying us back on time, and shopping." He speaks with Tim Stenovec and Lisa Mateo. (Source: Bloomberg)

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Rebecca Bellan · TechCrunch

Neocloud Lambda secures $1B in debt to buy more chips

Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It's the latest in a string of loans, underscoring the high cost of the AI boom.

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Allison Prang · Bloomberg Technology

California Sues Over Trump Deal to Cancel Wind Project Lease

California sued the Trump administration and Golden State Wind over the federal government’s deal with the company to cancel an offshore wind project lease, alleging the transaction violated multiple federal laws.

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Emma Roth · The Verge

DLSS 5 leaked and modders are putting Nvidia’s AI effects on everything

Modders are trying out an unofficial version of Nvidia's DLSS 5 on Skyrim, Cyberpunk 2077, GTA V, and a bunch of other games after code for the AI upscaling tech appeared in an early-access build of NBA 2K27. Members of the RenoDX modding channel on Discord reportedly found a way to extract the DLSS "Neural […]

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Bloomberg Technology

Jackson Hole, Anthropic’s Court Win and PayPal Deal Collapse | Bloomberg Tech 8/28/2026

Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic's AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, a deal that would have ranked as one of the biggest-ever leveraged buyouts. (Source: Bloomberg)

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Bloomberg Technology

SentinelOne CEO on Earnings, AI's Cybersecurity Impact

SentinelOne co-founder, chairman and CEO Tomer Weingarten discusses earnings and AI Cybersecurity in an interview with Romaine Bostick and Emily Graffeo on "The Close." (Source: Bloomberg)

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Jacob Kastrenakes · The Verge

The iPhone Fold could make concerts even worse

You know the person blocking your view of the concert because their phone is swaying in the air, recording the entire thing? Get ready for the unfolded version of it. This week on The Vergecast, we dive right into the big week of Apple news. First, it's the refreshed Mac Mini and Mac Studio, as […]

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Jake Bleiberg and Patrick Howell O'Neill · Bloomberg Technology

Cyber Command to Brief Congress Military Committee On Suicides

US military officials are set to brief a House oversight committee next week as part of lawmakers’ examination of an unusually high number of deaths by suicide among personnel of the country’s cyberwarfare unit, according to a committee spokesperson.

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Alexandra S. Levine · Bloomberg Technology

Meta’s Newspaper Ad Blitz Ups Pressure on Social Media Rivals

Meta Platforms Inc. is intensifying its public pressure campaign on TikTok and YouTube, running full-page advertisements in top newspapers across the US demanding its rivals make comparable efforts to strengthen social media protections for teens.

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Bloomberg Technology

BMO US President: See growth beyond AI plane

BMO US President Aron Levine says they are seeing their clients work through many different scenarios when it comes to the integration of AI, but that there are signs of growth across many different sectors. He also gives his reaction to Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium. He speaks to Romaine Bostick and Emily Graffeo on Bloomberg's 'The Close.' (Source: Bloomberg)

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Brad Bourque · The Verge

Save hundreds on a TCL mini-LED TV with quantum dots and high refresh rate

Amazon and Best Buy have the TCL QM7L mini-LED TV on sale for as low as $797.99 for the 55-inch model, a $200 discount from the usual price. We spotted scaling discounts on larger sizes as well, although Amazon already listed low stock on the 65-inch version. While OLED televisions are great for deep black […]

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Jay Peters · The Verge

Xbox CEO calls Project Helix a ‘family of devices’

According to Xbox CEO Asha Sharma, Project Helix, which she announced in March as a codename for Microsoft's "next generation console" - phrasing that seemingly implied a singular device - will actually be a "family" of devices." "We've been hard at work on a great next generation and a great family of devices for Helix, […]

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