Some follow the noise.

Bloomberg follows the money.

Because behind every headline is a bottom line.

Whether it's the funds fueling AI or crypto's trillion dollar swings,

there's a money side to every story.

And when you see the money side, you understand what others miss.

Get the money side of you understand what others miss.

Get the money side of the story.

Subscribe now at Bloomberg.com.

Here's your afternoon, TNB Tech Minute, for Friday, May 29th.

I'm Julie Chang for the Wall Street Journal.

Venture capital firms in Silicon Valley are shifting investments from software to physical technologies and materials as they grow desperate for bets

that can survive the AI reckoning. Investors historically focused on firms like Snap and Uber

are now targeting AI infrastructure like chips,, and manufacturing, as well as physical

AI, such as autonomous robotics.

According to Pitchbook data, venture capital investment in global robotics and physical AI

grew to $26 billion last year, up from $4.2 billion in 2019.

And this year, companies in those sectors have already raised

more than $23 billion as of May 20th. Chinese automaker, BYD, unveiled an autonomous driving chip

and said it has already entered mass production. BYD said it aims to invest roughly $14.75 billion in intelligent

technology R&D over the next three years. The launch marks the automakers' latest effort to showcase

its edge in technology as growth in China ZV market slows and pricing pressure weighs on profitability

...