Articles from www.bloomberg.com

Articles from www.bloomberg.com

Circle launches the test version of its Arc blockchain, with Goldman, BlackRock, Apollo, Anthropic, Intercontinental Exchange, and others set to trial it (www.bloomberg.com)
2 days ago Blockchain Goldman

A profile of Substrate, which uses particle acceleration to handle lithography, claiming to solve one of tech's toughest problems, and aims to compete with ASML (www.bloomberg.com)
2 days ago

Apple crosses a $4T market cap in intra-day trading, making it only the third public company ever to reach the milestone; AAPL is up 56% since its April low (www.bloomberg.com)
2 days ago Apple

OpenAI-Microsoft deal: Microsoft gets a 27% stake, access to its AI models until 2032, including AGI-level models, and OpenAI will buy $250B of Azure services (www.bloomberg.com)
2 days ago Microsoft AI

Sources: Uber plans to invest in the Hong Kong listings of Pony AI and WeRide, deepening its Chinese robotaxi ties, including ~$100M in Pony AI's share sale (www.bloomberg.com)
2 days ago China Hong Kong Uber AI

Stablecoin startup ZAR raised $12.9M led by a16z to test USD-backed coins for Pakistan, which the World Bank estimates has the third-largest unbanked population (www.bloomberg.com)
2 days ago Startup World Bank

Amazon says it will cut ~14,000 jobs across its corporate workforce, after cutting 27,000 from 2022 to 2023; the company employed 1.55M people globally in June (www.bloomberg.com)
2 days ago Amazon

PayPal and Bilt, which offers rewards points for rent payments, say Bilt customers will be able to use Venmo to make rent and mortgage payments starting in 2026 (www.bloomberg.com)
3 days ago mortgage

Citigroup and Coinbase say they are exploring on-chain stablecoin payments and simpler crypto-fiat transfers for Citi's institutional clients (www.bloomberg.com)
3 days ago Coinbase

Analysis: Chinese robotaxi companies like Baidu and WeRide are outnumbering their US rivals with more projects progressing from testing to commercialization (www.bloomberg.com)
3 days ago China

IBM launches Digital Asset Haven, a digital assets platform built with crypto wallet provider Dfns for financial institutions, governments, and companies (www.bloomberg.com)
3 days ago IBM Asset

The US DOJ's rigged-poker-game indictment involved hacking DeckMate, a casino-standard, suitcase-sized, $10K+ card shuffling machine, to reveal players' hands (www.bloomberg.com)
3 days ago

Artemis: $10B+ was moved through stablecoins in August, up from $6B in February and more than double YoY, following President Trump's signing of the Genius Act (www.bloomberg.com)
4 days ago Trump

Sources: Apple is working on a vapor chamber for the next iPad Pro in 2027 and plans to start selling ads in its Maps app as early as next year (www.bloomberg.com)
4 days ago Apple iPad

The US AI data center boom is consuming capital, power, and people that the rest of the economy needs, and is crowding out Trump's manufacturing revival plans (www.bloomberg.com)
4 days ago Trump AI Manufacturing

How Changpeng Zhao's pardon frees him to refocus on reclaiming ground in the US market, where Binance.US only has a 0.75% share of bitcoin trading volume (www.bloomberg.com)
5 days ago Bitcoin

Grab is investing an undisclosed amount in May Mobility as part of a multiyear deal, which includes bringing robotaxis to Southeast Asia as soon as 2026 (www.bloomberg.com)
5 days ago Asia Southeast Asia

Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11% (www.bloomberg.com)
5 days ago Germany

Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts (www.bloomberg.com)
6 days ago AI

Crypto.com follows Circle, BitGo, and others in applying for a US bank charter, as it seeks to further its custody-service business for products such as ETFs (www.bloomberg.com)
6 days ago ETF

Tether CEO Paolo Ardoino says the company expects to earn close to $15B in profit in 2025, up from around $13B in 2024 (www.bloomberg.com)
6 days ago

New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital (www.bloomberg.com)
6 days ago AI New York

Sources: banks are preparing to launch a $38B debt sale to fund Oracle data centers, including $23.25B for a Texas data center and $14.75B for a Wisconsin site (www.bloomberg.com)
6 days ago Oracle Texas

Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year (www.bloomberg.com)
6 days ago Bitcoin JPMorgan

Pricempire: after Valve updated the exchange rate of Counter-Strike digital items, the market fell by $1.75B, or 25%, on October 23; in 2024, a gun sold for $1M (www.bloomberg.com)
6 days ago

US Energy Secretary Chris Wright urges FERC to limit the process for connecting data centers to power grids to 60 days, a process that typically takes years (www.bloomberg.com)
6 days ago Energy

Trump's pardon of CZ is a gift to the crypto industry, which has spent heavily to ease regulations and rewrite history to remove associations with criminality (www.bloomberg.com)
7 days ago Trump

Filing: Applied Materials plans to cut ~4% of its global workforce and expects the layoffs to cost $160M to $180M; it had 36,100 employees as of the end of July (www.bloomberg.com)
7 days ago Layoffs

Sources and docs: the US DOJ charged an ex-director of zero-day vendor L3Harris' Trenchant with stealing secrets from two companies to sell to a Russian buyer (www.bloomberg.com)
7 days ago Russia

OpenAI acquires Software Applications Incorporated, which is building an AI-powered user interface for macOS and raised $6.5M from Sam Altman and others (www.bloomberg.com)
7 days ago AI

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