Articles from www.bloomberg.com

Articles from www.bloomberg.com

Infineon says it has developed 300mm gallium nitride wafers, which can produce 2.3x more chips than 200mm wafers and speed their adoption for AI applications (www.bloomberg.com)
2024-9-12 AI

AST SpaceMobile's stock is up ~1,300% since a record low in April 2024 and following deals with AT&T and Verizon in May to provide wireless service from space (www.bloomberg.com)
2024-9-12 AT&T

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation and raise $5B in debt from banks in the form of a revolving credit facility (www.bloomberg.com)
2024-9-12 Equity

Chainalysis: payments in Singapore using stablecoins reached a record high of almost $1B in Q2, led by transactions at merchant outlets (www.bloomberg.com)
2024-9-11 Singapore

A surge in scams poses a serious image problem for Revolut, which faces more complaints than its large UK rivals about authorized push payment scams (www.bloomberg.com)
2024-9-11

AWS plans to spend £8B in the UK to grow its cloud business, expecting to support up to 14,000 jobs and contribute £14B to the UK GDP between 2024 and 2028 (www.bloomberg.com)
2024-9-11 GDP

NYC-based Versana, a two-year-old platform that allows lenders to access data about $2.7T worth of loans, raised $26M from Barclays, Bank of America, and others (www.bloomberg.com)
2024-9-11 U.S.

Glean, which uses AI to offer unified search across apps used at a company, raised $260M+ at a $4.6B valuation, after raising $200M at a $2.2B valuation in Feb. (www.bloomberg.com)
2024-9-11 AI

South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China (www.bloomberg.com)
2024-9-10 China Korea Samsung

Google loses its bid to reverse a €2.4B EU fine for abusing its monopoly power to crush rival shopping services, as EU's Court of Justice backs a 2017 decision (www.bloomberg.com)
2024-9-10 Google

Sources: Apple will launch Image Playground and Genmoji as part of iOS 18.2; Sonos cuts its plans to build ~1M Ace headphones units per year to ~100K per year (www.bloomberg.com)
2024-9-10 IOS Apple

Audible plans to invite some US-based audiobook narrators to train AI on their voices, to clone the voices for recordings through a royalty-sharing model (www.bloomberg.com)
2024-9-9 AI

Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts (www.bloomberg.com)
2024-9-9 Japan Startup

Sources: Apple will launch Image Playground and Genmoji in iOS 18.2; Sonos cuts its plans to build ~1M units of Ace headphones per year, to ~100K per year (www.bloomberg.com)
2024-9-9 IOS Apple

A profile of Texas-based Tyler Tech, which has become a dominant US local government software provider, despite a history of software flaws and release delays (www.bloomberg.com)
2024-9-8 Texas

Hero Games' Daniel Wu reflects on his studio's 20% stake in Game Science, the creator of China's biggest PC game Black Myth: Wukong, which has sold 18M+ copies (www.bloomberg.com)
2024-9-8 China

Character.AI, Aleph Alpha, and other AI startups that raised hundreds of millions are struggling to compete against better-funded rivals and Big Tech companies (www.bloomberg.com)
2024-9-7 Startup AI

What to expect from Apple's September 9 event: four iPhone 16 models, two AirPods models, Apple Watch Series 10 with a thin body, Apple Intelligence, and more (www.bloomberg.com)
2024-9-7 iPhone Apple Intelligence

Source: TSMC achieved production yields at its Arizona facility on par with established plants in Taiwan and plans to start mass production in Arizona in 2025 (www.bloomberg.com)
2024-9-7 Taiwan

What to expect from Apple's September 9 event: four iPhone 16 models, two new AirPods, Apple Watch Series 10 with an updated look, Apple Intelligence, and more (www.bloomberg.com)
2024-9-6 iPhone Apple Intelligence

Sources: Apple approves a WeChat update for iOS, as talks continue with Tencent to offer IAP and block links to external payment services in mini games (www.bloomberg.com)
2024-9-6 IOS Apple WeChat Tencent

Analysts raise questions over Brazilian digital bank Nubank's rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank's app (www.bloomberg.com)
2024-9-6 Brazil

Sources: Intel is considering selling part of its 88% stake in Mobileye, and is also exploring options for its Network and Edge enterprise networking division (www.bloomberg.com)
2024-9-6 Intel

FCC filing: Larry Ellison will own 77.5% of Paramount Global parent company National Amusements after his son David completes the purchase of Paramount (www.bloomberg.com)
2024-9-6

The US imposes new export controls on critical tech, including quantum computing and semiconductor goods, aligning the US with Japan, Netherlands, other allies (www.bloomberg.com)
2024-9-6 Japan Netherlands Quantum

OpenAI says it now has 1M+ paid users for the corporate versions of ChatGPT, including ChatGPT Team, Enterprise, and Edu (www.bloomberg.com)
2024-9-6

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023 (www.bloomberg.com)
2024-9-5

Germany-based Aleph Alpha, which raised $500M+ in 2023, is pivoting to focus on helping clients use AI tools, instead of trying to outperform OpenAI and others (www.bloomberg.com)
2024-9-5 Germany AI

India and Singapore sign a series of deals to ramp up collaboration in semiconductors and digital technologies, including cybersecurity, 5G, AI, and more (www.bloomberg.com)
2024-9-5 India AI Singapore 5G

HPE reports Q3 revenue up 10% YoY to $7.71B, vs. $7.66B est., Server revenue up 35% YoY to $4.3B, and adjusted gross margins of 31.8%, vs. 33.4% est. (www.bloomberg.com)
2024-9-5

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