Articles from www.bloomberg.com

Articles from www.bloomberg.com

Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (www.bloomberg.com)
2026-7-8 China AI

France's competition watchdog orders Meta to negotiate in good faith with news organizations over copyright payments, after two groups filed complaints in 2025 (www.bloomberg.com)
2026-7-8 France

Chip startup SambaNova raised a $1B Series F led by General Atlantic at an $11B valuation and signs JPMorgan as a customer to deploy its chips for in-house AI (www.bloomberg.com)
2026-7-8 Startup AI JPMorgan

Sources detail Xbox's big reset after its Game Pass strategy failed; Xbox spent nearly $80B on content deals, but gamers prefer to stick with a handful of games (www.bloomberg.com)
2026-7-8 Xbox

Samsung announces a Galaxy Unpacked event on July 22 in London, where it is expected to debut new foldables, including a Fold 8 with a shorter and wider design (www.bloomberg.com)
2026-7-8 Samsung London

Sources: Microsoft, looking to reduce AI costs, is starting to replace models from OpenAI and Anthropic with its MAI models in products like Excel and Outlook (www.bloomberg.com)
2026-7-8 Microsoft AI

Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (www.bloomberg.com)
2026-7-7 Hong Kong IPO Apple

Norm, which runs an AI law firm that provides AI-powered legal services to clients alongside human lawyers, raised $120M led by Khosla at a $1.2B valuation (www.bloomberg.com)
2026-7-7 AI

Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure investments; the size could increase based on demand (www.bloomberg.com)
2026-7-7 Amazon AI

Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot (www.bloomberg.com)
2026-7-7 Google AI Tesla Robot Paris

Survey: Chinese companies plan to allocate 46% of their AI accelerator budget to domestic products in the next 12 months, up from 30% today, a shift from Nvidia (www.bloomberg.com)
2026-7-7 China AI Nvidia Budget

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (www.bloomberg.com)
2026-7-7 Google Startup Munich

WiseTech co-founder Richard White steps down as chair amid a police probe over claims he exploited a woman's immigration status for sex; WTC jumps 7%+ (www.bloomberg.com)
2026-7-7 Immigration

Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 50%+ premium to its stock price in recent weeks (www.bloomberg.com)
2026-7-7 France Equity

Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (www.bloomberg.com)
2026-7-7 Real Estate Bitcoin

A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (www.bloomberg.com)
2026-7-7 Tencent

Memo: Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside 3,200 job cuts, to streamline the business, in a “reset” (www.bloomberg.com)
2026-7-6 Xbox

Reddit says its AI-powered content moderation systems caught 25K “spammy posts and comments” per day in Q1, reducing users exposure to such content by 20% YoY (www.bloomberg.com)
2026-7-6 AI Reddit

Filing: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation (www.bloomberg.com)
2026-7-6 IPO

A profile of Samsung union leader Choi Seung-ho, who helped win a ~$26B bonus package for chip employees, as he tries to resolve the rift over bonus gaps (www.bloomberg.com)
2026-7-6 Samsung

AI-driven drops in labor income and gains in capital income could hit Ireland's tax base, with 6%+ of its workforce in tech and heavy exposure to US companies (www.bloomberg.com)
2026-7-6 Tax AI Ireland

A US federal judge ordered the DOD to shield Alibaba from a law that led lobbyists to drop it as a client while she weighs the measure's constitutionality (www.bloomberg.com)
2026-7-6 Alibaba

A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction (www.bloomberg.com)
2026-7-5

Official data shows Hong Kong accounted for 50%+ of China's $239B in chip imports in the first five months of 2026, a record share, up from ~33% a decade ago (www.bloomberg.com)
2026-7-4 China Hong Kong

Micron breaks ground on its ~$9.3B Hiroshima factory expansion, part of its global ramp-up to meet AI demand, and plans to start HBM shipments from summer 2028 (www.bloomberg.com)
2026-7-4 AI

A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (www.bloomberg.com)
2026-7-4 China AI Asset

Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches (www.bloomberg.com)
2026-7-4 Texas

Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, following years of local opposition and legal challenges (www.bloomberg.com)
2026-7-3 Virginia

Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage (www.bloomberg.com)
2026-7-3 Samsung

SpaceX cuts Starlink's monthly prices in half in the Memphis area, as it endures blowback and legal challenges from opponents of its Colossus data centers (www.bloomberg.com)
2026-7-3 SpaceX

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