Articles from www.bloomberg.com

Articles from www.bloomberg.com

Coco Robotics, which operates a fleet of cooler-sized delivery robots on wheels, raised $80M from Sam Altman and others, taking its total funding to $110M+ (www.bloomberg.com)
5 days ago Robot

President Trump says a trade framework with China “is done, subject to final approval with President Xi and me”, and the US tariff rate would be 55% “total” (www.bloomberg.com)
5 days ago Trump China

Nvidia unveils new projects to bolster AI infrastructure across Europe, including expanding its Mistral partnership to use local AI computing, at a Paris event (www.bloomberg.com)
5 days ago Europe AI Nvidia Paris

Whole Foods supplier United Natural Foods says it is working to restore its systems by June 15 after a cyberattack, leaving empty shelves and stalled forklifts (www.bloomberg.com)
5 days ago

Hong Kong invokes its national security law to ban Taiwanese-made mobile game Reversed Front: Bonfire, marking the first known use of the law to block a game (www.bloomberg.com)
5 days ago Hong Kong Taiwan Mobile Ban

Nintendo says it sold 3.5M Switch 2 consoles globally in its first four days, a record for any of its hardware; Nintendo aims to sell 15M units by March 2026 (www.bloomberg.com)
5 days ago Nintendo

Online trading platform Webull will now allow US retail investors to bet on the future prices of bitcoin and ethereum through a partnership with Kalshi (www.bloomberg.com)
5 days ago Bitcoin Retail Ethereum

Cisco unveils updated networking and security products, including a new generation of switches with 10x performance, to boost AI networks and cut bottlenecks (www.bloomberg.com)
6 days ago AI Cisco

Tencent Music agrees to buy podcasting startup Ximalaya for $1.3B in cash, plus some stock, in a bid to become China's Spotify; Ximalaya had 303M MAUs in 2023 (www.bloomberg.com)
6 days ago China Startup Tencent Spotify

Sources: Mark Zuckerberg, frustrated at Meta's AI shortfalls, is personally assembling a team of AI experts and met engineers at his homes in recent weeks (www.bloomberg.com)
6 days ago AI Zuckerberg

Roblox hires Paramount's Naveen Chopra as CFO starting June 30; Chopra previously held senior roles at Amazon and served as CFO at Pandora and TiVo (www.bloomberg.com)
6 days ago Amazon

Alibaba, Tencent, and other Chinese AI companies temporarily disabled chatbot functions like image recognition during China's annual college entrance exams (www.bloomberg.com)
7 days ago China Alibaba AI chatbot Tencent

Qualcomm agrees to acquire UK-listed Alphawave, which makes high-speed chip and connectivity tech for data centers, for $2.4B in cash, set to close in Q1 2026 (www.bloomberg.com)
7 days ago

Thoughts on the major design overhaul of Apple's OSes with “Liquid Glass” UI elements, which will launch at WWDC and set the stage for fresh hardware products (www.bloomberg.com)
8 days ago Apple

Sources: Meta is in talks for a potential multibillion-dollar investment in Scale AI, Meta's largest external AI investment; Scale AI was last valued at ~$14B (www.bloomberg.com)
8 days ago AI

An in-depth look at the US SEC's EDGAR system breach that was disclosed in 2017, as one of the key hackers, Olga Kuprina, says EDGAR remains a soft target (www.bloomberg.com)
8 days ago

Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal (www.bloomberg.com)
9 days ago China Seattle

Simetrik, which uses AI to automate account reconciliation, raised a $30M Series B extension led by a Goldman Sachs Alternatives unit, taking the round to $85M (www.bloomberg.com)
9 days ago AI Goldman

Beijing-based Kuaishou's stock climbs after the company said it expects its video-generation service Kling AI to hit $100M in annual revenue by February 2026 (www.bloomberg.com)
9 days ago AI

An Indian government official says Starlink has secured a license from the telecom ministry to launch services in the country and now must apply for spectrum (www.bloomberg.com)
9 days ago India

Source: Milan Kovac, Tesla's head of engineering for Optimus humanoid robot program, is leaving; Ashok Elluswamy, who leads autopilot teams, will lead Optimus (www.bloomberg.com)
9 days ago Tesla Robot

What to expect at WWDC 2025: iOS 26 and other software branding changes, redesigned software interfaces, productivity enhancements, minor AI changes, and more (www.bloomberg.com)
10 days ago IOS AI

Source: Trump's World Liberty Financial sent a cease-and-desist letter to the company behind $TRUMP and to Magic Eden after they announced the $TRUMP Wallet (www.bloomberg.com)
10 days ago Trump

Cursor maker Anysphere raised $900M led by Thrive at a $9.9B valuation, bringing its total funding to $1B+ and says its annualized revenue crossed $500M (www.bloomberg.com)
11 days ago

Defense tech startup Anduril raised a $2.5B Series G led by Founders Fund, which invested $1B, at a $30.5B valuation, up from $14B in August 2024 (www.bloomberg.com)
11 days ago Startup

OnePlus unveils the $700+ OnePlus Pad 3, a 13.2-inch Android tablet with a Snapdragon 8 Elite chip, a <6mm thick body, 17 hours of battery life, and LCD display (www.bloomberg.com)
11 days ago Android Battery

Uber names longtime executive Andrew Macdonald as president and its first COO since 2019; SVP of Delivery Pierre-Dimitri Gore-Coty is leaving after ~13 years (www.bloomberg.com)
11 days ago Uber

Wise says it plans to shift main listing from London to New York, the latest blow to London's stock market, and will maintain a secondary listing on the LSE (www.bloomberg.com)
11 days ago New York London

23andMe plans to hold a new auction for its DNA data, opening with a $305M bid led by Anne Wojcicki, after the ex-CEO challenged Regeneron's winning bid in May (www.bloomberg.com)
11 days ago

DoorDash, Uber, and Grubhub agree to settle a 2021 lawsuit against New York City over its pandemic-era 15% cap to commissions and fees charged to restaurants (www.bloomberg.com)
11 days ago Uber New York

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