Bloomberg Tech US Pulls List of Tech Firms Linked to China’s Military
17 snips
Feb 13, 2026 They discuss the Pentagon briefly listing then removing major Chinese tech firms tied to national security concerns. There is talk of a massive $30 billion funding round that doubled an AI company’s valuation. Earnings beats and misses from Rivian, Coinbase, Instacart and Airbnb get quick coverage. Reporters unpack AI-fueled market swings and investor behavior in startup funding.
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Pentagon List Triggered Market Volatility
- The Pentagon briefly added then removed Alibaba, Baidu and BYD from a list linking firms to the Chinese military, creating market shock.
- Mike Shepard notes the 1260H list is watched as a bellwether for further government action on Chinese tech.
Big-Dollar Bets Create AI Hedge Plays
- Anthropic raised $30 billion, doubling its valuation to $380 billion and attracting investors that also back OpenAI.
- Shireen Ghafari highlights investors are hedging by backing multiple AI rivals rather than one winner.
Anthropic Showing Strong Enterprise Traction
- Anthropic's revenue run rate jumped from $9 billion to $13 billion, driven by its Claude Code coding agent.
- That growth shows strong enterprise traction despite less consumer brand recognition than OpenAI.