Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
3 days ago 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)
3 days ago 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)
3 days ago 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)
3 days ago 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)
3 days ago 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)
3 days ago 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)
3 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
4 days ago 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)
5 days ago

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)
6 days ago 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)
6 days ago 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)
6 days ago 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)
7 days ago 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)
7 days ago 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)
7 days ago 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)
7 days ago SpaceX

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (www.bloomberg.com)
7 days ago

Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (www.bloomberg.com)
8 days ago Startup

Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits grew from $1.1B in March to $4B now (www.bloomberg.com)
8 days ago

Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (www.bloomberg.com)
8 days ago AI

SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by 2030 (www.bloomberg.com)
8 days ago AI

Sources: Meta plans a cloud infrastructure business that will sell access to AI compute and models, to compete with AWS, Azure, and Google Cloud; META jumps 9% (www.bloomberg.com)
8 days ago Google AI

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