Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Polymarket is looking to hire a chief risk officer following a CFTC demand; the company has expanded its legal team in recent months (www.bloomberg.com)
13 minutes ago CFTC

Sources: Fluidstack withdraws from a €10B, 1GW AI data center project in Bosquel, France, and a Mistral-linked project in Paris, as it pivots toward the US (www.bloomberg.com)
5 hours ago France AI Paris

The EU unveils EU Inc., a single bloc-wide incorporation regime that it says takes 48 hours, to help European startups compete with US and Chinese rivals (www.bloomberg.com)
6 hours ago China Europe Startup

Xbow, which uses AI to probe apps for security vulnerabilities, raised $120M led by DFJ Growth and Northzone at a $1B+ valuation, and reports 100+ clients (www.bloomberg.com)
7 hours ago AI

China's Chengdu says Tim Cook attended Apple's 50th anniversary event in the city; state media called for Apple to fix its “monopolistic” App Store practices (www.bloomberg.com)
7 hours ago China Apple Tim Cook

Tencent reports Q4 revenue up 13% YoY to ~$28.3B, vs. ~$28.2B est., its fifth quarter of double-digit growth, driven by gaming and ads, as it bets on agentic AI (www.bloomberg.com)
8 hours ago AI Tencent 4Q

Samsung and AMD sign a preliminary deal for Samsung to supply its next-gen HBM4 for AMD's MI455X accelerators, used in data centers, and DDR5 for AMD's Helios (www.bloomberg.com)
8 hours ago Samsung AMD

Alibaba raises prices for its T-Head AI computing chips, including the Zhenwu 810E, by 5% to 34%, and its Cloud Parallel File Storage by 30%, after demand soars (www.bloomberg.com)
10 hours ago Alibaba AI

Samsung says it is considering a shift toward multi-year contracts for memory chips that may help stabilize supply and ease concerns about a shortage (www.bloomberg.com)
13 hours ago Samsung

AI drone software company Swarmer closed up 520% in its Nasdaq debut, valuing it at $380M+; its tech has been deployed in 100K+ combat missions in Ukraine (www.bloomberg.com)
15 hours ago AI Drone Ukraine

Sources: a JPMorgan-led bank group halted a $5.3B debt deal for Qualtrics, whose existing $1.5B loan trades at 86 cents on the dollar, on weak investor interest (www.bloomberg.com)
19 hours ago JPMorgan

Brian Lynch, Apple's senior director in charge of home devices since 2022, leaves for Oura, a setback for a unit already contending with product delays (www.bloomberg.com)
20 hours ago Apple

SEC and CFTC issue guidance on which digital assets are securities, carving out stablecoins, digital collectives, and digital commodities as non-securities (www.bloomberg.com)
20 hours ago Commodity Asset CFTC

Meta says Quest users will lose access to Meta Horizon Worlds on the headsets on June 15; access will continue on the Meta Horizon mobile app (www.bloomberg.com)
22 hours ago Mobile

NetBlocks and Kentik: Iran further restricted what little internet connectivity remained, in a bid to curb VPNs, ahead of the Festival of Fire tied to protests (www.bloomberg.com)
1 day ago Iran

Baidu is integrating OpenClaw with its Xiaodu devices to work as voice-controlled remotes, as it seeks to catch up with Tencent and Alibaba in the AI race (www.bloomberg.com)
1 day ago Alibaba AI Tencent

Qualcomm says it plans to buy back another $20B worth of shares and is raising its quarterly cash dividend, after unveiling a $15B buyback in November 2024 (www.bloomberg.com)
1 day ago

Enterprise AI automation startup Standard Template Labs raised a $49M seed co-led by Iconiq and CRV, a source says at a $300M post-money valuation (www.bloomberg.com)
1 day ago Startup AI

Amsterdam-based Nebius plans to raise ~$3.75B in convertible debt to fund its data center expansion and to purchase customized AI chips, after its Meta deal (www.bloomberg.com)
1 day ago AI

Darton Commodities: the global cobalt shortage is set to persist through 2030, after Congo limited exports in 2025; the DRC accounts for 70%+ of global supply (www.bloomberg.com)
1 day ago Commodity

SK Group Chair Chey Tae-won says memory chip makers are expanding capacity but are unlikely to match demand until around 2030; basic wafer supply lags by 20%+ (www.bloomberg.com)
1 day ago

The UK plans to spend £1B+ on quantum computing research over four years, including funding companies in pharmaceuticals, financial services, and energy (www.bloomberg.com)
1 day ago Energy Quantum

Berlin-based Upvest, which builds trading APIs for neobanks and retail lenders, raised $90M in equity, sources say at a $735M valuation, up from ~$413M in 2024 (www.bloomberg.com)
1 day ago Germany Retail Equity

Samsung says it is winding down sales of its $2,899 Galaxy Z TriFold in South Korea and the US once it clears inventory, after just three months on the market (www.bloomberg.com)
1 day ago Korea Samsung

Jensen Huang says Nvidia expects to generate $1T+ from its Blackwell and Rubin chips through the end of 2027, after previously forecasting $500B by 2026's end (www.bloomberg.com)
1 day ago Nvidia

Taiwan's chip sector faces critical supply risks as the island relies on the Middle East for 37% of its LNG and much of its helium and sulfur, amid the Iran war (www.bloomberg.com)
2 days ago Taiwan Iran

Chip cooling startup Frore, which designs channels that conduct liquid coolant in 3D shapes unique to each chip, raised $143M led by MVP at a $1.64B valuation (www.bloomberg.com)
2 days ago Startup

Memo: Alibaba unveils Alibaba Token Hub, a new AI unit that consolidates research, consumer-facing apps, AI products, and more, as it focuses on monetizing AI (www.bloomberg.com)
2 days ago Alibaba AI

Amsterdam-based Nebius says Meta plans to spend up to $27B over five years for access to AI infrastructure, starting with $12B of capacity in early 2027 (www.bloomberg.com)
2 days ago AI

Sources: Alibaba may unveil a Qwen-based AI agent for enterprises as soon as this week, and plans to gradually integrate the agent into its services like Alipay (www.bloomberg.com)
2 days ago Alibaba AI Alipay

Previous Page Next Page