Everyone’s watching the Elizabeth Holmes documentary ‘You Can See Everything’ - TechCrunch

Published: October 20, 2026 at 11:47a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OpenAI is racing to secure investor commitments before rival Anthropic’s expected public market debut in mid-November, in an unusually fast fundraising that could value the ChatGPT maker at over US$1.4 trillion, according to two people familiar with the matter. The rapid timetable reflects, in part, a desire to get ahead of Anthropic as the two frontier labs are increasingly tapping in to a similar investor base, the people said, adding that OpenAI wants to capitalize on its recent revenue growth after launching new models. SoftBank Group, Abu Dhabi-based MGX and other existing backers of OpenAI are in talks to join the round of about US$30 billion, one of the people said. The acceleration underscores how closely the two AI developers are competing for capital as both pursue trillion-dollar price tags, amid growing concern about rising interest rates, significant volatility in technology stocks and rising scrutiny of AI valuations.

Published: October 20, 2026 at 11:23a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. HONG KONG — China hit back Tuesday at a U. S. ban on the use of Chinese artificial intelligence startup DeepSeek’s products by federal civilian agencies and warned of retaliatory measures as the two AI powers race to develop the technology. The Department of Homeland Security said the agencies should remove DeepSeek products as well as third-party products and services developed using DeepSeek from their IT systems, according to a notice made public on Monday. The latest warnings reflect “the depth of strategic distrust between Beijing and Washington” even as U. S. President Donald Trump and Chinese President Xi Jinping work hard to keep their personal relationship “warm and constructive,” said George Chen, partner and chair of digital practice at Washington-based The Asia Group consultancy. Latest updates on international news hereThe Homeland Security order, dating back to late July, also blocks civilian agencies from procuring DeepSeek products and services.

Published: October 20, 2026 at 11:16a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. TORONTO — A new report says the focus of Canada’s telecommunications policy should shift from lowering consumer prices to creating better conditions for companies to invest in their networks at a time when traditional revenues are plateauing and capital costs are on the rise. The paper from U. K.-based Global System for Mobile Communications calls for a “policy reset” that prioritizes affordable and predictable spectrum pricing, support for 5G and AI infrastructure such as data centres, and improved regulatory certainty. It says mobile technologies and services generated 5.4 per cent of Canada’s GDP last year, or roughly $120 billion of economic value — a figure expected to rise to $170 billion by 2030, thanks to growing adoption of technologies such as 5G, Internet of Things and AI. Latest economic news on BNNBloomberg.caIn recent years, the CRTC has introduced various measures aimed at boosting cellphone and internet competition in Canada, empowering consumers, and lowering costs.

Published: October 20, 2026 at 10:56a.m. EDTWASHINGTON — U. S. President Donald Trump is hoping that US$5,000 cheques can juice Republican turnout in November’s midterm elections — but even some of his devoted fans are doubting that government payouts would arrive. “I mean, I guess it’s good for some people. I really don’t care,” said Jamie Alvarez, who attended Trump’s recent Alaska rally in a red, white and blue outfit. ”I don’t feel like your vote should be bought. I feel like you should vote for who you feel is going to do the best job.”Joseph Eatherton was attending that same rally and said he was “not sure if it’s necessary.” When asked whether Trump could deliver on the promised money, he said, “I don’t know, and I hate being an armchair quarterback.”The offering of government cheques has become a go-to tactic for Trump when he faces a political jam. He’s previously endorsed $2,000 in dividends from tariff revenues and large refunds from spending cuts achieved by the Department of Government Efficiency, neither of which materialized. The latest example could reveal how much voters still trust Trump as they decide control of Congress in the midterm elections on Nov. 3.

Published: October 20, 2026 at 10:47a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. WASHINGTON — U. S. President Donald Trump and U. S. Vice President JD Vance are set Tuesday to announce a US$25 million program to encourage the public to blow the whistle on suspected fraud in the federal government as they ramp up an existing effort to end the abuse of federal programs and dollars. Under the Fraud Whistleblower Incentive Program, or WHIP, anyone who submits a tip to fraud.gov that leads to a fraud conviction or a significant federal enforcement action is eligible to receive up to US$30,000, the White House said. The Justice Department will administer the program. The Republican president has undertaken an aggressive effort to eliminate fraud throughout the government. Trump established a task force on the topic in March and put Vance in charge of it. Latest updates on international news hereThey are scheduled to announce the fund during a joint appearance in the Oval Office later Tuesday.

EconomicsPublished: October 20, 2026 at 10:07a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OTTAWA — The Parliamentary Budget Office is trimming its outlook for economic growth for this year and next amid new U. S. tariffs and Canadian countermeasures. The federal budget watchdog says it now projects real gross domestic product growth of 0.9 per cent for this year and 1.5 per cent in 2027. The forecast is down from an estimate in June for growth of 1.1 per cent and 1.6 per cent, respectively. Latest economic news on BNNBloomberg.caTrade talks between Canada and the U. S. broke down at the end of August followed by a new round of U. S. tariffs and Canadian counter-tariffs. The PBO says it also now projects a budgetary deficit of $63.3 billion for the 2026-27 fiscal year which will peak at $70.2 billion in 2027-28. It says, relative to its June outlook, the deficits are $3 billion higher per year on average over 2026‑27 to 2030‑31, as new spending measures more than offset stronger revenues. ---This report by The Canadian Press was first published Oct. 20, 2026.