Articles from www.bloomberg.com

Articles from www.bloomberg.com

Divergent Technologies, which makes automated assembly systems and 3D printers to make missile parts and other equipment, raised $290M at a $2.3B valuation (www.bloomberg.com)
17 minutes ago

The London Stock Exchange launches a blockchain-based platform, marking its push into digital assets, initially focused on private funds (www.bloomberg.com)
39 minutes ago Blockchain Asset London

China says Nvidia was found in violation of antitrust regulations in a preliminary investigation, in a brief statement without further details (www.bloomberg.com)
2 hours ago China Nvidia

Nearly all funding for AI safety research comes from Silicon Valley companies racing to develop AI, as the voices of AI “doomers” fade in prominence (www.bloomberg.com)
1 day ago AI

US salaries for key stablecoin roles are rising as a skills shortage meets a potentially immense market opportunity, putting upward pressure on pay (www.bloomberg.com)
1 day ago

Lila Sciences, which uses AI to develop novel drugs and materials, raised $235M at a ~$1.23B valuation, after coming out of stealth in March with a $200M seed (www.bloomberg.com)
1 day ago AI

A profile of Figure CEO Mike Cagney, now a billionaire after Figure's post-IPO surge; he resigned as SoFi's CEO in 2017 after several workplace controversies (www.bloomberg.com)
1 day ago IPO

Sources: Robby Walker, one of Apple's most senior AI executives who was in charge of Siri until earlier this year, is leaving the company next month (www.bloomberg.com)
2 days ago AI Apple

Sources: Tencent recruited prominent AI researcher Yao Shunyu from OpenAI; Chinese media says he got a CN¥100M, or ~$66M, pay package (www.bloomberg.com)
2 days ago China AI Tencent

Sources: the FTC is investigating whether Amazon and Google misled advertisers by not properly disclosing the terms and pricing for ads on their websites (www.bloomberg.com)
2 days ago Google Amazon

Sources: India's Billionbrains Garage, parent of investment app Groww, plans to file for an India IPO next week, seeking $650M-$800M at an ~$8B valuation (www.bloomberg.com)
2 days ago India IPO

SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high (www.bloomberg.com)
2 days ago AI

Sources: OpenAI and Nvidia will pledge billions in UK data center investments during their next week's trip, which coincides with President Trump's UK visit (www.bloomberg.com)
3 days ago Trump Nvidia

Databricks' head of AI, Naveen Rao, is transitioning to an advisory role; source: his next venture will focus on a next-gen computer to address rising AI costs (www.bloomberg.com)
3 days ago AI

Source: crypto exchange Gemini raises $425M in its IPO, selling about 15.2M shares for $28 each after marketing them for $24 to $26 apiece (www.bloomberg.com)
3 days ago IPO

Figure's shares closed up 24% at $31.11 in its Nasdaq debut, giving it a ~$6.6B market cap, after the company and some of its backers raised $787.5M in its IPO (www.bloomberg.com)
3 days ago IPO

The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law (www.bloomberg.com)
3 days ago Uber

The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens (www.bloomberg.com)
3 days ago Google AI chatbot Instagram

AI companies' bet on prediction token-based LLMs may make them vulnerable to disruption by a novel approach, especially as new models face diminishing returns (www.bloomberg.com)
4 days ago AI

Vantage Data Centers raised $1.6B from GIC and the Abu Dhabi Investment Authority to expand in APAC, including the acquisition of a Malaysian data center campus (www.bloomberg.com)
4 days ago Malaysia

Blockchain-based lender Figure and some of its backers raised $787.5M in an IPO, selling 31.5M shares at $25 each, valuing the company at about $5.3B (www.bloomberg.com)
4 days ago Blockchain IPO

Ant Group unit Robbyant showcases its first LLM-powered humanoid robot, the R1, at a conference in Shanghai, joining an intensifying effort by Chinese companies (www.bloomberg.com)
4 days ago China Robot Shanghai

Klarna shares jump 30% in their NYSE debut, opening at $52, above the IPO price of $40, after the company and some of its backers raised $1.37B in the offering (www.bloomberg.com)
4 days ago IPO

Replit raised $250M led by Prysm, nearly tripling its valuation to $3B; its annualized revenue grew from $2.8M to $150M in the past year and it has 40M users (www.bloomberg.com)
4 days ago

Amsterdam-based Nebius Group plans to raise $2B in convertible notes and $1B in equity to help it expand after signing an up to $17.4B+ deal with Microsoft (www.bloomberg.com)
4 days ago Microsoft Equity

Larry Ellison becomes the world's richest person for the first time at $393B, overtaking Elon Musk's $385B, as Oracle jumps 40%+ after beating Q1 estimates (www.bloomberg.com)
4 days ago Oracle Elon Musk

Bending Spoons agrees to acquire video platform Vimeo in an all-cash deal valued at ~$1.38B, set to close in Q4; Vimeo will be delisted from exchanges (www.bloomberg.com)
4 days ago 4Q

Bain Capital agrees to sell its data centers in China to a consortium led by Shanghai-listed Shenzhen Dongyangguang in a ~$4B deal (www.bloomberg.com)
4 days ago China Shenzhen Shanghai

In a letter to FTC Chair Andrew Ferguson, Sen. Ron Wyden accuses Microsoft of “gross cybersecurity negligence” leading to hospital operator Ascension's breach (www.bloomberg.com)
4 days ago Microsoft

Kraken opens trading of 60+ tokenized US securities to its EU users, powered by Backed Finance's xStocks; rwa.xyz says tokenized shares' market value is ~$421M (www.bloomberg.com)
5 days ago

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