Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Index Ventures' nearly $100M investment in Figma was worth $2.17B at the initial IPO price, while Greylock's $50M investment was worth $2.03B (www.bloomberg.com)
6 hours ago IPO

Sources: Salesforce and ServiceNow are in talks to invest ~$750M each in Genesys, which uses AI to automate customer service functions, valuing Genesys at ~$15B (www.bloomberg.com)
12 hours ago AI Salesforce

Sources detail the rise and fall of Builder.ai, as founder Sachin Duggal's alleged financial transgressions fueled the first big bust of the generative AI era (www.bloomberg.com)
13 hours ago AI

Google loses its appeal of a judge's order requiring an overhaul of its app store policies in an antitrust case filed by Epic Games (www.bloomberg.com)
14 hours ago Google

Russian Hackers Pose as Cyber Firm to Spy on Foreign Embassies (www.bloomberg.com)
15 hours ago Russia

Fleet management software provider Motive raises $150M led by Kleiner Perkins; the company reportedly could go public by the end of 2025 (www.bloomberg.com)
16 hours ago

Anaconda, which provides AI development tools for developers and data scientists, raised $150M+ led by Insight Partners, source says at a $1.5B valuation (www.bloomberg.com)
18 hours ago AI

Lyft completes its €175M acquisition of European taxi app Freenow from BMW Group and Mercedes-Benz Mobility, its first global expansion beyond the US and Canada (www.bloomberg.com)
19 hours ago Europe Canada

Sources: Klarna is considering reviving its potential NY IPO as soon as September, after earlier putting plans on hold amid market turbulence due to tariffs (www.bloomberg.com)
19 hours ago IPO

SK Hynix passed Samsung as the world's top memory maker in Q2, reporting $15.6B in memory revenue vs. Samsung's $15.2B, as Nvidia heavily relies on its products (www.bloomberg.com)
20 hours ago Samsung Nvidia

Sources: Shein's net income rose to over $400M, revenue rose to ~$10B in Q1, driving profit margins to ~5%, driven by consumer purchases ahead of US tariffs (www.bloomberg.com)
21 hours ago

iPhone exports to the US from India are currently exempt from Trump's latest 25% tariffs on India; India now accounts for 20%+ of global iPhone production (www.bloomberg.com)
21 hours ago Trump India iPhone

OpenAI launches Stargate Norway, the first Stargate-branded initiative in Europe, to build a 230MW data center owned by a joint venture between Nscale and Aker (www.bloomberg.com)
1 day ago Europe Norway

Grab reports Q2 revenue up 23% YoY to $819M, vs. 812M est., and an adjusted EBITDA of $109M; Grab's shares are up 60% over the past year as its profit increased (www.bloomberg.com)
1 day ago

After announcing the $799 Phone 3 in early July, Nothing has been contending with a vocal contingent of fans criticizing the phone's industrial design and price (www.bloomberg.com)
1 day ago

The Trump administration says Apple, Google, OpenAI, Amazon, Anthropic, and 60+ companies have pledged to make data sharing seamless across health care systems (www.bloomberg.com)
1 day ago Trump Google Amazon Apple

Seoul-based chip startup FuriosaAI raised a $125M Series C bridge round from Korea Development Bank, Industrial Bank of Korea, and others at a $735M valuation (www.bloomberg.com)
1 day ago Korea Startup

Austin-based Ambiq Micro closed up ~61% in its NYSE debut, after raising $96M in an upsized IPO, giving the maker of ultra-low power chips a $680M market value (www.bloomberg.com)
1 day ago IPO

Source: data-labeling startup Surge AI is in talks with a16z, Warburg Pincus, and others to raise $1B in its first funding round at a valuation of at least $25B (www.bloomberg.com)
1 day ago Startup AI

Arm reports Q1 revenue up 12% YoY to $1.05B, royalty revenue up 25% to $585M, vs. $595M est., and forecasts Q2 profit below estimates; ARM drops 8%+ after hours (www.bloomberg.com)
1 day ago

In a report, Trump's Working Group on Digital Asset Markets urges regulators to clarify digital asset trading rules and ease adoption of new financial products (www.bloomberg.com)
1 day ago Trump Asset

JPMorgan Chase and Coinbase signed a deal to directly link customers' bank accounts to their cryptocurrency wallets, with the feature expected to launch in 2026 (www.bloomberg.com)
1 day ago JPMorgan Cryptocurrency Coinbase

Palo Alto Networks has agreed to buy CyberArk Software in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25B (www.bloomberg.com)
1 day ago Israel

Klarna gets an electronic money institution license for its UK division, which could let it directly compete with Revolut and Monzo for retail bank customers (www.bloomberg.com)
1 day ago Retail

A look at Russia's coordinated crackdown on foreign tech services and shift to state-backed alternatives, as it names VK's Max its national messaging app (www.bloomberg.com)
1 day ago Russia

Worldline reports Q2 revenue down 4.4% YoY to €1.14B and a net loss of €4.2B for H1 2025, after booking a €4.1B impairment tied to merchant services business (www.bloomberg.com)
2 days ago

A profile of Luke Farritor, a 23-year-old Thiel Fellow who gained recognition for using AI to help decipher the Herculaneum papyri and later joined DOGE (www.bloomberg.com)
2 days ago AI

Sources: Groq is set to raise ~$600M in a funding round led by Disruptive, which committed more than $300M to the deal that would give Groq a ~$6B valuation (www.bloomberg.com)
2 days ago

Sources: Apple loses a fourth AI researcher in a month to Meta's superintelligence team; the AFM team is in flux and Apple has marginally increased their pay (www.bloomberg.com)
2 days ago AI Apple

Sources: Microsoft is in advanced talks to land a deal that could give it ongoing access to critical OpenAI tech even if OpenAI reaches its goal of building AGI (www.bloomberg.com)
2 days ago Microsoft

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