Articles from www.bloomberg.com

Articles from www.bloomberg.com

President Trump's tariffs are set to disrupt the Bitcoin mining sector, with many of the largest miners based in the US and the supply chain rooted in Asia (www.bloomberg.com)
2025-4-3 Trump Bitcoin Asia

Circle's S-1 shows that it is basically a fintech and that, as of December 31, 2024, ~85% of USDC reserves were held in a BlackRock-managed money market fund (www.bloomberg.com)
2025-4-3 Fintech

Netscout: DDoS attacks rose from 13M+ in 2023 to ~17M in 2024, becoming a staple of geopolitical conflict as new tech like AI supercharges their power (www.bloomberg.com)
2025-4-3 AI

Sources: Sumitomo Mitsui Banking Corp. is in talks with Fujitsu to help the bank's biggest customers make key decisions using AI-inferred demand predictions (www.bloomberg.com)
2025-4-3 AI

The US announces a new 34% “reciprocal” tariff rate on almost all products imported from China, going into effect from April 9, 2025 (www.bloomberg.com)
2025-4-3 China

The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces (www.bloomberg.com)
2025-4-3 China Hong Kong

Source: Scale AI generated ~$870M in revenue in 2024, with its annualized run rate reaching $1.5B by the end of the year, and expects $2B in revenue in 2025 (www.bloomberg.com)
2025-4-3 AI

Siemens agrees to acquire Boston-based R&D scientific software company Dotmatics from Insight Partners for $5.1B, in a deal expected to close in H1 2026 (www.bloomberg.com)
2025-4-3 Siemens

Patreon says it now has 6.7M paid podcast subscriptions, generating $472M+ in 2024 revenue, up 35% YoY, and signs podcasting deals with Sony Music and Wondery (www.bloomberg.com)
2025-4-3 Sony

Indian investment bank The Rainmaker Group says 36+ Indian tech startups like Flipkart and PhonePe with a combined $100B valuation are set to go public by 2027 (www.bloomberg.com)
2025-4-2 India Startup

Qualcomm says it is weighing an acquisition offer for Alphawave, which has a market cap of ~$1.3B and makes high-speed semiconductor and connectivity technology (www.bloomberg.com)
2025-4-2

Sources: AI coding startup Replit is in talks with investors to raise about $200M at a $3B valuation, almost triple its last valuation (www.bloomberg.com)
2025-4-2 Startup AI

Sources: Finland-based IQM, which builds full-stack superconducting quantum computers, is in talks to raise more than €200M; it raised a €128M Series A2 in 2022 (www.bloomberg.com)
2025-4-2 Finland Quantum

Sources: Meta is ramping up work on its first AR glasses with a display, which could be introduced as early as the end of 2025 and cost between $1K and $1,400 (www.bloomberg.com)
2025-4-2 AR

Meta VP of AI Research Joelle Pineau says she plans to leave in May 2025 after nearly eight years; she has led the FAIR group since early 2023 (www.bloomberg.com)
2025-4-2 AI

Ahead of the Switch 2, Nintendo is branching out to use its characters in cinema, theme parks, and merch in a Disney-like way to create more consistent revenue (www.bloomberg.com)
2025-4-1 Nintendo

Samsung says TM Roh, who oversees mobile, will temporarily step into a broader role overseeing its consumer electronics, after the death of co-CEO Han Jong-Hee (www.bloomberg.com)
2025-4-1 Mobile Samsung

With Switch 2, Nintendo must do what it has rarely done before: follow one hit console with another; Nintendo has sold 150M+ Switch units since launch in 2017 (www.bloomberg.com)
2025-4-1 Nintendo

Tinder unveils “The Game Game”, a free in-app voice-based game that invites users to flirt with AI chatbots powered by OpenAI's GPT-4o and GPT-4o mini models (www.bloomberg.com)
2025-4-1 AI chatbot

Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US; the loan may help SoftBank lead a $40B round in OpenAI (www.bloomberg.com)
2025-4-1 AI

Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects (www.bloomberg.com)
2025-4-1

Coinbase's stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it (www.bloomberg.com)
2025-4-1 Coinbase

Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 (www.bloomberg.com)
2025-4-1 AI

At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more (www.bloomberg.com)
2025-4-1 Intel Asset

Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive (www.bloomberg.com)
2025-4-1 Microsoft

Trump signs an EO to establish an office within the Commerce Department to facilitate investments above $1B in the US and administer funds from the CHIPS Act (www.bloomberg.com)
2025-4-1 Trump

Sources: Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the company at $1B+ (www.bloomberg.com)
2025-4-1 AI

How JioHotstar became India's most popular streamer, with 100M subscribers paying less than $1/month on average, via a freemium model, micro dramas, and more (www.bloomberg.com)
2025-4-1 India

Cerebras says it has resolved “all open issues” with the CFIUS, as it prepares for an IPO; the AI startup filed a notice about its ties to Abu Dhabi's G42 (www.bloomberg.com)
2025-4-1 IPO Startup AI

Nokia and Amazon settle a long-running, global patent dispute over Amazon using Nokia's video tech in Prime Video and its devices, without disclosing the terms (www.bloomberg.com)
2025-3-31 Amazon Nokia

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