Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
2025-9-12 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)
2025-9-12 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)
2025-9-12 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)
2025-9-12 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)
2025-9-12 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)
2025-9-12 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)
2025-9-11 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)
2025-9-11 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)
2025-9-11 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)
2025-9-11 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)
2025-9-11 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)
2025-9-11

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)
2025-9-11 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)
2025-9-11 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)
2025-9-10 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)
2025-9-10 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)
2025-9-10 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)
2025-9-10

ASML's €1.3B investment in Mistral gives the French startup capital and credibility, but it must prove it can survive in a US- and China-dominated AI industry (www.bloomberg.com)
2025-9-10 China France Startup AI

The stocks of Strategy copycats, companies buying crypto for their treasuries, are falling, as some struggle with little differentiation and rising volatility (www.bloomberg.com)
2025-9-10

Source: Klarna and some shareholders raised $1.37B in a US IPO that was more than 20x oversubscribed, selling 34.3M shares at $40 each, above the marketed range (www.bloomberg.com)
2025-9-10 IPO

Synopsys stock falls 20%+ in extended trading after the company said its IP business underperformed in Q3 partly due to US export restrictions to China (www.bloomberg.com)
2025-9-10 China

Google Cloud CEO Thomas Kurian says the division has $106B in unfulfilled customer contract commitments, with an expected revenue of $58B by 2027 (www.bloomberg.com)
2025-9-10 Google

Source: Meta signed a contract worth $140M+ to use technology from AI image startup Black Forest Labs, committing $35M in the first year and $105M in the second (www.bloomberg.com)
2025-9-10 Startup AI

Nvidia unveils Rubin CPX, a new chip system designed for AI tasks like video generation and software creation, set to launch at the end of 2026 (www.bloomberg.com)
2025-9-10 AI Nvidia

Sources: Ant Group's Ant Digital Technologies is quietly working to link ~$8.4B of energy infrastructure and other real-world assets to its AntChain blockchain (www.bloomberg.com)
2025-9-9 Blockchain Energy Asset

E-commerce company Eightco soared over 3,000% on Monday after announcing a plan to buy Worldcoin tokens and naming Wall Street analyst Dan Ives as chairman (www.bloomberg.com)
2025-9-9 Wall Street

SEC filing: Microsoft strikes a deal worth up to $19.4B through 2031 to get AI cloud computing power from Nebius Group; NBIS jumps 50%+ after hours (www.bloomberg.com)
2025-9-9 Microsoft AI

Source: Amazon took a stake in Colombian delivery startup Rappi via a $25M convertible note, entitling it to buy up to 12% via warrants if milestones are met (www.bloomberg.com)
2025-9-9 Amazon Startup

The US Army awards a $159M contract to a partnership of Anduril and Meta and a $195M contract to Rivet, to produce competing prototypes of a new combat goggle (www.bloomberg.com)
2025-9-9

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