AI agent put to the test

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Tech Across the Globe

Switch 2 price: Nintendo is taking an unusual step with its Switch 2 distribution in Japan: setting wholesale prices so retailers can earn more from each sale. That will help ensure the new game console is given prominent placement at outlets across the country.

Amazon warned: Germany's antitrust watchdog has warned Amazon that price controls for retailers on the company's online marketplace likely violate national and EU competition laws. 

Uber's new COO: The ride-hailing company has promoted longtime executive Andrew Macdonald to chief operating officer, filling a position that had been vacant since 2019. Macdonald, who joined in 2012, had been head of the mobility unit.

Related Stories
Microsoft Cuts Hundreds More Jobs After Firing 6,000 Last Month
Grindr's Abrupt Return to Office Was 'Union Busting,' NLRB Lawyer Tells Judge
McKinsey Leans On AI to Make PowerPoints, Draft Proposals

Revalued

Elon Musk's artificial intelligence company, xAI Corp. is selling a $5 billion debt package through Morgan Stanley. It's the latest financial move by the billionaire, who is looking for infusions of cash across his sprawling businesses. One of those companies, brain-computer maker Neuralink, separately announced it had raised $650 million in funding.

Must Read

Over in Hong Kong, Newley Purnell was among the first people to try the Manus AI agent. Like DeepSeek before it, Manus is the product of a previously unknown Chinese startup that's earned global acclaim. Newley details his full test of the service, which churned through complex tasks with impressive dexterity.

Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world.

Bloomberg Event

Today's landscape is forcing a new cadence of critical business decisions in the global tech sector. Bloomberg journalists Mark Gurman, Emily Birnbaum, Katie Roof and Edward Ludlow answer your questions in a Live Q&A on June 3 at 1:15 p.m. EDT

This Week in Power On

Apple's annual developers conference beginning June 9 is likely to disappoint anyone looking for the company to introduce a great leap in its artificial intelligence capability, Mark Gurman reports in this week's Power On. Apple hopes it will have a better story to tell in the coming years, when more features are planned to be ready, he writes.

Sign up for the Power On newsletter to get the inside scoop from Mark Gurman on all things Apple and consumer tech. 

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