Articles from www.bloomberg.com

Articles from www.bloomberg.com

Insight Partners raised $12.5B for its 13th flagship fund, down from its initial target of $20B, making it one of the biggest tech-focused funds (www.bloomberg.com)
2025-1-16

The US unveils new rules to curb flow of advanced chips produced by TSMC and others to China and sanctions 16 Chinese companies building China's chip industry (www.bloomberg.com)
2025-1-16 China

How gamers are turning gaming PCs into fashion statements: iBuypower customers spend an average of ~$2.4K on custom-built gaming PCs and $1.6K on prebuilt ones (www.bloomberg.com)
2025-1-16

The Philippines' decision to supercharge its online gambling sector has been disastrous, opening the door to crimes, including money laundering, in the country (www.bloomberg.com)
2025-1-15 Philippines

The VisionTrack Composite Index, which tracks the performance of 130 crypto-focused hedge funds, rose 40% in 2024, compared to Bitcoin's 120% surge that year (www.bloomberg.com)
2025-1-15 Bitcoin

The Netherlands tightens export control rules, requiring ASML and ASM International to seek licenses from the Dutch government for some chipmaking tools (www.bloomberg.com)
2025-1-15 Netherlands

PUBG developer Krafton, whose Seoul-listed shares are up more than 70% since early 2024, plans to invest over $136M in 2025 in more than a dozen game studios (www.bloomberg.com)
2025-1-15

Tether plans to relocate its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license in the country (www.bloomberg.com)
2025-1-15 Asset

The CFTC puts trading of sports derivatives, including Super Bowl, on Crypto.com under review; the firm says it rejected the CFTC's request to halt such trading (www.bloomberg.com)
2025-1-15 CFTC

Filing: the SEC sues Elon Musk, claiming he failed to timely disclose a major purchase of Twitter shares ahead of his takeover of the social media platform (www.bloomberg.com)
2025-1-15 Twitter Elon Musk

OpenAI has appointed BlackRock exec Adebayo Ogunlesi to its board; last year, BlackRock acquired Ogunlesi's company Global Infrastructure Partners for ~$12B (www.bloomberg.com)
2025-1-15

Meta plans to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees (www.bloomberg.com)
2025-1-15

The TON Foundation names board member Manuel Stotz as president, as its blockchain with close ties to Telegram plans to expand in the US (www.bloomberg.com)
2025-1-15 Blockchain

DirecTV launches MySports, a sports streamer featuring games from NFL and other major leagues, and access to 40 channels, in 24 US metro areas for $70/month (www.bloomberg.com)
2025-1-14

A profile of Hussain Sajwani, who, alongside Donald Trump at Mar-a-Lago, pledged a $20B investment in US data centers, and why some are skeptical of the plan (www.bloomberg.com)
2025-1-14 Trump

The Biden admin finalizes a rule banning the import or sale of connected vehicles with hardware or software that have a “sufficient nexus” to China or Russia (www.bloomberg.com)
2025-1-14 Russia China

Sources: Databricks secures $5B+ in its largest debt raise to date, from lenders including Blackstone and Apollo, after raising $10B in equity in December 2024 (www.bloomberg.com)
2025-1-14 Equity

Sources: Chinese officials are evaluating an option involving Elon Musk acquiring TikTok US; X would take control of TikTok US and run the businesses together (www.bloomberg.com)
2025-1-14 China Elon Musk

Nvidia announces partnerships with Illumina, the Mayo Clinic, and other companies as part of its push to encourage AI adoption by the health care industry (www.bloomberg.com)
2025-1-14 AI Nvidia

Sources: the EU sent questionnaires to app developers in December focusing on concerns Apple's Core Technology Fee of €0.50 per app install could drive up costs (www.bloomberg.com)
2025-1-14 Apple

Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; board member Tom Conrad is named interim CEO (www.bloomberg.com)
2025-1-14

Bloomberg EIC John Micklethwait predicts AI's impact on journalism: jobs will change, not vanish, reporting and breaking news will remain valuable, and more (www.bloomberg.com)
2025-1-13 AI

A look at Apple's plans for 2025, a year likely to be seen as a stepping stone toward more revolutionary products, rather than one of remarkable innovation (www.bloomberg.com)
2025-1-13 Apple

A survey finds that global banks could cut as many as 200K jobs in the next three to five years as AI encroaches on tasks currently carried out by human workers (www.bloomberg.com)
2025-1-12 AI

US export controls may have slowed China's AI progress but they also spurred DeepSeek to innovate and release DeepSeek-V3, a top LLM, without the latest chips (www.bloomberg.com)
2025-1-12 China AI

An interview with Arkady Volozh, CEO of Nebius, formerly Yandex NV, on selling Yandex's Russian business in 2024, competing with US AI startups, and more (www.bloomberg.com)
2025-1-12 Russia Interview Startup AI

Mark Zuckerberg lamented the rise of “culturally neutered” companies that have sought to distance themselves from “masculine energy” (www.bloomberg.com)
2025-1-12 Energy Zuckerberg

A look at the burgeoning underground market connecting job seekers to anonymous employees willing to make a referral at Microsoft, Nvidia, Spotify, and others (www.bloomberg.com)
2025-1-11 Microsoft Nvidia Spotify

Biden assailed Meta over its move to end third-party fact-checking on its social media platforms in the US, saying “it's really shameful” (www.bloomberg.com)
2025-1-11

OpenAI CEO Sam Altman, Uber CEO Dara Khosrowshahi, and, a source says, Meta CEO Mark Zuckerberg are planning to attend Trump's inauguration events this month (www.bloomberg.com)
2025-1-11 Trump Uber Zuckerberg

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