Articles from www.bloomberg.com

Articles from www.bloomberg.com

Internal memo: Revolut begins a secondary share sale for staffers at $1,381.06 per share, valuing Revolut at $75B, up from $45B in a 2024 secondary share sale (www.bloomberg.com)
2025-9-2

Sources: OpenAI is scouting local partners to set up a 1GW+ data center in India, although the exact timeline is unclear; Sam Altman is set to visit this month (www.bloomberg.com)
2025-9-1 India

Pharma commercialization company Eversana merges with Waltz Health, which provides drug price-comparison software to insurers, creating an entity valued at $6B (www.bloomberg.com)
2025-9-1

Pharmaceutical company Eversana acquires Waltz Health, which provides drug price-comparison software to insurance companies, creating an entity valued at $6B (www.bloomberg.com)
2025-9-1 Insurance

Crypto and tech entrepreneurs are attending Network School, founded by Balaji Srinivasan in Forest City, Malaysia, to test his concepts about the Network State (www.bloomberg.com)
2025-8-31 Malaysia Entrepreneur

A study focused on OpenAI's GPT-4o mini found that LLMs can be persuaded to comply with objectionable requests using the same tactics that persuade humans (www.bloomberg.com)
2025-8-30

China says it will prevent excess competition in the AI sector, echoing Xi Jinping's caution against excessive local government investment in AI last month (www.bloomberg.com)
2025-8-30 China AI

SEC filing: Super Micro cautions that its financial control weaknesses, if not fixed, could hurt its ability to report results “in a timely and accurate manner” (www.bloomberg.com)
2025-8-30

French President Emmanuel Macron vows a strong response if any country takes measures that undermine Europe's digital sovereignty (www.bloomberg.com)
2025-8-30 France Europe

A judge rules Nvidia must face trial over allegations that it benefitted from autonomous driving data stolen by an engineer who defected from Valeo in 2021 (www.bloomberg.com)
2025-8-29 Nvidia

Huawei reports H1 2025 revenue up 3.9% YoY to ~$58.5B, driven by soaring AI compute demand and a rebound in phone sales, and net profit down 32% YoY to ~$5.2B (www.bloomberg.com)
2025-8-29 AI

Elon Musk files a motion to dismiss a US SEC suit over his 2022 Twitter stake disclosure, calling allegations that he cheated investors a government overreach (www.bloomberg.com)
2025-8-29 Twitter Elon Musk

The CFTC says non-US crypto exchanges have a path to bringing on US users, in an advisory clarifying how they can register as so-called foreign boards of trade (www.bloomberg.com)
2025-8-29 CFTC

Source: Mark Zuckerberg lobbied President Trump against digital service taxes, which Trump then publicly criticized; Meta confirms they met privately last week (www.bloomberg.com)
2025-8-29 Trump Tax Zuckerberg

Commonwealth, which wants to build a fusion power plant, raised $863M from Nvidia's NVentures, Khosla Ventures, and Google, bringing its total raised to ~$3B (www.bloomberg.com)
2025-8-29 Google Nvidia

The US starts publishing GDP data on nine public blockchains including Bitcoin, Ethereum, and Solana, with the help of Coinbase, Kraken, and Gemini (www.bloomberg.com)
2025-8-29 Bitcoin GDP Ethereum Coinbase

Dutch web design automation startup Framer raised $100M led by Meritech and Atomico with Accel participation at a $2B valuation, after raising $27M in 2023 (www.bloomberg.com)
2025-8-28 Startup Netherlands

Nvidia CFO Colette Kress says the US hasn't outlined its plan for a 15% China commission, Nvidia won't pay until it has it, and it can sell AI chips without it (www.bloomberg.com)
2025-8-28 China AI Nvidia

Google plans to invest an additional $9B in Virginia through 2026 to boost its cloud and AI infrastructure, including a new data center in Chesterfield County (www.bloomberg.com)
2025-8-28 Google AI Virginia

An in-depth look at India's quick commerce boom, driven by Blinkit, Zepto, and Instamart, which have collectively lost more than $1.4B in the past four years (www.bloomberg.com)
2025-8-28 India

HP reports Q3 revenue up 3.1% YoY to $13.9B, vs. $13.7B est., Personal Systems revenue up 6% to $9.9B, and forecasts Q4 profit above estimates (www.bloomberg.com)
2025-8-28 4Q

CrowdStrike reports Q2 revenue up 21% YoY to $1.17B, above $1.15B est., and forecasts Q3 revenue below estimates; CRWD drops 6%+ after hours (www.bloomberg.com)
2025-8-28

Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 11%+ after hours (www.bloomberg.com)
2025-8-28

Sources: cloud startup Vercel is raising hundreds of millions of dollars led by Accel at a valuation of about $9B, up from about $3B in a round last year (www.bloomberg.com)
2025-8-28 Startup

Circana: in July, Sea's Free Fire jumped seven spots to 6th in US mobile game sales, above COD, driven by anime and Netflix tie-ins; US users buy 2M Switch 2s (www.bloomberg.com)
2025-8-28 Mobile Netflix

Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming “irrational competition” in the Chinese food delivery market (www.bloomberg.com)
2025-8-27 China

Malaysian chip designer SkyeChip unveils the MARS1000, the country's first edge AI processor, as Malaysia seeks to climb the global semiconductor value chain (www.bloomberg.com)
2025-8-27 AI Malaysia

Chinese AI chip designer Cambricon reports 44-fold revenue growth and a profit of ~$144M in H1 2025, after Beijing encouraged companies to use homegrown tech (www.bloomberg.com)
2025-8-27 China AI

OpenAI plans to update ChatGPT to better respond to mental distress cues, provide parental controls, and bolster safeguards around conversations about suicide (www.bloomberg.com)
2025-8-27

Sources: Microsoft has asked FBI for help tracking pro-Palestinian protests, and flagged internal emails with words like “Gaza”, deleted posts, and fired staff (www.bloomberg.com)
2025-8-27 Microsoft FBI

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