Articles from www.bloomberg.com

Articles from www.bloomberg.com

China drops a numerical target for urban job creation in its five-year plan, the first such omission since the 1990s, amid volatility fueled by AI displacement (www.bloomberg.com)
1 hour ago China AI

Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years (www.bloomberg.com)
3 hours ago Amazon Microsoft Oracle Alphabet

Phia, a shopping app co-founded by Phoebe Gates that has raised $43.5M, appears to be using fake clicks or “cookie stuffing” to claim affiliate commissions (www.bloomberg.com)
5 hours ago

Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services (www.bloomberg.com)
8 hours ago

Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself in the coming days, which aims to help the public use government services (www.bloomberg.com)
8 hours ago AI Malaysia

Filing: Polymarket is seeking CFTC approval to offer margin trading in the US, a move that would let users bet on events with less capital upfront (www.bloomberg.com)
10 hours ago CFTC

Interviews with employees and insiders reveal how CXMT is amassing tech, funding, and state support to challenge top memory chipmakers and build local suppliers (www.bloomberg.com)
11 hours ago

Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in March, and says its agents ran outreach for the round (www.bloomberg.com)
16 hours ago Startup AI

MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (www.bloomberg.com)
17 hours ago

SK Hynix raises $26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for $149 each; the sale was more than 7x oversubscribed (www.bloomberg.com)
21 hours ago

Sources: AI contractor marketplace Mercor is discussing raising new funds at a roughly $20B valuation, less than a year after raising money at a $10B valuation (www.bloomberg.com)
1 day ago AI

Meta launches a Meta Model API, whose pricing Mark Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models (www.bloomberg.com)
1 day ago Zuckerberg

Meta launches a Meta Model API, whose pricing Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models (www.bloomberg.com)
1 day ago Zuckerberg

Micron raises its US capex commitment to $250B through 2035, adding $50B for facilities in NY, ID, VA, and elsewhere, and invests $500M in GlobalWafers (www.bloomberg.com)
1 day ago

Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (www.bloomberg.com)
1 day ago Hong Kong Apple

Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in a Series A in 2026, and says agents wrote investment memos (www.bloomberg.com)
1 day ago Startup AI

Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the move reduces management layers (www.bloomberg.com)
1 day ago Layoffs

Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (www.bloomberg.com)
1 day ago Hong Kong IPO Shanghai

Sources: Reno-based AI chip startup Positron is in talks to raise ~$750M in two phases, at valuations of $3.5B in the first tranche and ~$5B in the second (www.bloomberg.com)
1 day ago Startup AI

SpaceXAI launches Grok 4.5, its first model built in partnership with Cursor, designed to “handle difficult, long-running” legal, finance, and coding tasks (www.bloomberg.com)
2 days ago

Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that utilizes a single camera and language prompts (www.bloomberg.com)
2 days ago Robot

Crypto VC firm Paradigm raised $1.2B, its third fund, to invest in areas outside of crypto, including AI and robotics; Paradigm had $11.9B in AUM in 2025 (www.bloomberg.com)
2 days ago AI Robot

Nvidia lost $1T in market value over the past two months, dropping 16% from its May all-time-high, trading at 18x forward earnings, its lowest level since 2019 (www.bloomberg.com)
2 days ago Nvidia

Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (www.bloomberg.com)
2 days ago China AI

France's competition watchdog orders Meta to negotiate in good faith with news organizations over copyright payments, after two groups filed complaints in 2025 (www.bloomberg.com)
2 days ago France

Chip startup SambaNova raised a $1B Series F led by General Atlantic at an $11B valuation and signs JPMorgan as a customer to deploy its chips for in-house AI (www.bloomberg.com)
2 days ago Startup AI JPMorgan

Sources detail Xbox's big reset after its Game Pass strategy failed; Xbox spent nearly $80B on content deals, but gamers prefer to stick with a handful of games (www.bloomberg.com)
2 days ago Xbox

Samsung announces a Galaxy Unpacked event on July 22 in London, where it is expected to debut new foldables, including a Fold 8 with a shorter and wider design (www.bloomberg.com)
2 days ago Samsung London

Sources: Microsoft, looking to reduce AI costs, is starting to replace models from OpenAI and Anthropic with its MAI models in products like Excel and Outlook (www.bloomberg.com)
3 days ago Microsoft AI

Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (www.bloomberg.com)
3 days ago Hong Kong IPO Apple

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