Articles from www.bloomberg.com

Articles from www.bloomberg.com

Memo: Tang Jie, founder of Z.ai, the Chinese lab behind the GLM models, argues frontier AI capabilities should stay “as open and widely accessible as possible” (www.bloomberg.com)
2026-7-13 China AI

OpenAI, Meta, and SpaceXAI may be able to put pressure on Anthropic by emphasizing cost efficiency, as business customers increasingly scrutinize AI spending (www.bloomberg.com)
2026-7-13 AI

Sources: Apple is already taping out M7 with major NPU upgrades, and plans M7 Ultra with 1.5TB RAM, and M8, for 2028; new Pencils are coming with a new iPad Pro (www.bloomberg.com)
2026-7-13 Apple iPad

Apple's OpenAI lawsuit follows months of simmering tensions and highlights OpenAI's hardware chief Tang Tan's strained relationship with former boss John Ternus (www.bloomberg.com)
2026-7-12 Apple

SK Hynix's historic US stock market listing is a bet that the AI boom is breaking the memory chip industry's decades-long boom-and-bust cycle (www.bloomberg.com)
2026-7-11 AI

Sources: activist investor Elliott has built a large stake in car insurance software maker CCC, which is exploring a potential sale and has a ~$3.5B market cap (www.bloomberg.com)
2026-7-11 Insurance

Apple claims OpenAI recruited 400+ ex-Apple employees, including an iPhone engineer who allegedly downloaded confidential hardware files before joining OpenAI (www.bloomberg.com)
2026-7-11 iPhone Apple

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)
2026-7-11 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)
2026-7-11 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)
2026-7-11

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)
2026-7-10

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)
2026-7-10 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)
2026-7-10 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)
2026-7-10

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)
2026-7-10 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)
2026-7-10

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)
2026-7-10

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)
2026-7-10 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)
2026-7-10 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)
2026-7-10 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)
2026-7-10

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)
2026-7-9 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)
2026-7-9 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)
2026-7-9 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)
2026-7-9 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)
2026-7-9 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)
2026-7-9

Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that utilizes a single camera and language prompts (www.bloomberg.com)
2026-7-9 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)
2026-7-9 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)
2026-7-9 Nvidia

Previous Page Next Page