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Nothing Phone Aims to Be Used Less

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Smartphone startup Nothing debuts its Phone 3 with a design aimed to get consumers to use it less. Carl Pei, Nothing co-founder and CEO, joins joins Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)



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Funding & Business

PE Firm Exponent Raises More Than €1 Billion for Flagship Fund

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European private equity firm Exponent has raised more than €1 billion ($1.2 billion) for its latest flagship fund focused on mid-market investments.



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JPMorgan: China Targeting Overcapacity May lift Stocks

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Wendy Liu, Chief China Equity Strategist at JPMorgan, says Chinese policies aimed at curbing excess capacity may be positive for equities and global trade if executed right. She also sees a potential breakout from range-bound trading for Chinese stocks in the second half of this year. She discusses this with Yvonne Man and Annabelle Droulers on “Bloomberg: The China Show.” (Source: Bloomberg)



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China’s AI Bet Rises From the Gobi Desert

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In a remote part of China’s northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips – chips the US has banned from being exported to China – to power these centers. K. Oanh Ha discusses the story on Bloomberg Television. (Source: Bloomberg)



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