Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana (www.bloomberg.com)
2025-5-8 Blockchain Europe Retail

Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M (www.bloomberg.com)
2025-5-8 Trump

US v. Google: Eddy Cue testifies that Apple is “actively looking at” reshaping Safari to focus on AI search and, in a first, Safari searches dropped in April (www.bloomberg.com)
2025-5-8 Google AI Apple

Analysis: 75%+ of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun is likely to hold $18M (www.bloomberg.com)
2025-5-7 Trump

OpenAI unveils OpenAI for Countries, an initiative to help build out AI infrastructure and customize OpenAI's products for specific languages and local needs (www.bloomberg.com)
2025-5-7 AI

Uber reports Q1 revenue up 14% YoY to $11.5B, Gross Bookings up 14% YoY to $42.8B, vs. $43.1B est., trips up 18% YoY to 3B, and $1.8B net income; UBER falls ~5% (www.bloomberg.com)
2025-5-7 Uber

US credit and debit card data: Shein's US sales dropped 23% during the week of April 25 to May 1 compared to the prior seven days, while Temu's sales fell 17% (www.bloomberg.com)
2025-5-7

DoorDash plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups (www.bloomberg.com)
2025-5-7

AMD reports Q1 revenue up 36% YoY to $7.4B, vs. $7.12B est., Data Center revenue up 57% to $3.7B, vs. $3.66B est., and forecasts Q2 sales above estimates (www.bloomberg.com)
2025-5-7 AMD

An internal Meta report from 2019 found that minors made up 27% of the follow recommendations that Instagram surfaced to “groomers”, vs. 7% to all adults (www.bloomberg.com)
2025-5-7 Instagram

Germany- and US-based Parloa, which uses AI to automate customer service and call center operations, raised $120M at a $1B valuation, after raising $66M in 2024 (www.bloomberg.com)
2025-5-7 Germany AI

Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts (www.bloomberg.com)
2025-5-6

Wonder, which runs Grubhub and Blue Apron, raised $600M led by NEA, a source says at a $7B+ valuation, and CEO Marc Lore says it has $2B+ in revenue (www.bloomberg.com)
2025-5-6

DoorDash plans to acquire New York-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13,000+ clients (www.bloomberg.com)
2025-5-6 New York

Elon Musk's attorney says OpenAI's nonprofit reversal is “a transparent dodge that fails to address the core issues” and “the founding mission remains betrayed” (www.bloomberg.com)
2025-5-6 Elon Musk

The US Treasury Department sanctions the Myanmar-linked Karen National Army over helping organized crime groups operate multibillion-dollar “scam compounds” (www.bloomberg.com)
2025-5-6

Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, and is seeking assurance that changes will protect its $13.75B stake (www.bloomberg.com)
2025-5-6 Microsoft

Sources: OpenAI reaches an agreement to buy Windsurf, an AI coding tool formerly known as Codeium, for about $3B; the deal has not yet closed (www.bloomberg.com)
2025-5-6 AI

Palantir reports Q1 revenue up 39% YoY to $884M, vs. $863M est., and raises 2025 sales guidance to $3.9B on demand for AI software that's a “ravenous whirlwind” (www.bloomberg.com)
2025-5-6 AI

Sources: General Atlantic is in advanced talks to buy a minority stake in Blackstone-backed Liftoff; the deal would value the mobile app marketing firm at $4B+ (www.bloomberg.com)
2025-5-6 Mobile

The UAE will add AI to public school curriculum, including ethical awareness and foundational concepts, for kindergarten pupils through to 12th grade this year (www.bloomberg.com)
2025-5-5 AI

As Xbox hikes game prices, the three highest-reviewed games of 2025 so far on Metacritic—Clair Obscur, Blue Prince, and Split Fiction—are all budget titles (www.bloomberg.com)
2025-5-5 Budget Xbox

An in-depth look at the impact of stratospheric pollution from satellite reentries on the ozone layer, as Starlink and others launch more internet satellites (www.bloomberg.com)
2025-5-4

US v. Google: Google says its controls for publishers to opt out of AI training only cover work by Google DeepMind, not training by its other units for search (www.bloomberg.com)
2025-5-3 Google AI

A hacking group called DragonForce takes credit for ransomware attacks targeting British retailers M&S, Harrods, and Co-Op over the past two weeks (www.bloomberg.com)
2025-5-3 U.K.

Sources: Apple is working with Anthropic for a new version of Xcode that will use Claude Sonnet to write, edit, and test code, with plans to roll out internally (www.bloomberg.com)
2025-5-3 Apple

Sources: eToro is considering launching its US IPO as soon as next week, after pausing its plans in April amid tariff-related stock volatility (www.bloomberg.com)
2025-5-3 IPO

Apple plans to source more than 19B chips from the US this year, including from TSMC's expanding Arizona facilities, as it seeks to lessen its reliance on China (www.bloomberg.com)
2025-5-2 China Apple

Google begins showing AdSense ads in conversations with AI chatbots; sources say Google tested the ads in 2024 with startups, like AI search apps iAsk and Liner (www.bloomberg.com)
2025-5-2 Google Startup AI chatbot

Instacart reports Q1 revenue up 9% YoY to $897M and gross transaction volume up 10% to $9.1B, and forecasts Q2 revenue above est.; CART jumps 5%+ after hours (www.bloomberg.com)
2025-5-2

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