Funding & Business
Squirrel AI Targets 2026 IPO, Says Founder
Chinese education technology firm Squirrel AI is aiming for an initial public offering in 2026. The company is currently considering whether to list on the Nasdaq or in Hong Kong. Founder Derek Li says the AI education sector is booming this year, largely due to the emergence of DeepSeek, which has significantly boosted public awareness and recognition of AI technologies. Li spoke exclusively with Bloomberg TV’s Annabelle Droulers. (Source: Bloomberg)
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Scott Chronert, Citi US equity strategist and managing director, expects a pickup in US equity market volatility and then a year-end rally after the Federal Reserve rate-cut cycle starts. He speaks on “Bloomberg Open Interest.” (Source: Bloomberg)
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Brazilian hedge funds are outperforming their benchmark as the local currency trades near a one-year high and cooling inflation ups the likelihood of interest-rate cuts.
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President Donald Trump filed a $15 billion defamation lawsuit against The New York Times, accusing the paper of serving as a “mouthpiece” for the Democrats. Trump made the announcement on Truth Social. The Times says the lawsuit “has no merit.” Bloomberg’s Suzanne Lynch reports. (Source: Bloomberg)
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