Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of Luke Farritor, a 23-year-old Thiel Fellow who gained recognition for using AI to help decipher the Herculaneum papyri and later joined DOGE (www.bloomberg.com)
3 days ago AI

Sources: Groq is set to raise ~$600M in a funding round led by Disruptive, which committed more than $300M to the deal that would give Groq a ~$6B valuation (www.bloomberg.com)
3 days ago

Sources: Apple loses a fourth AI researcher in a month to Meta's superintelligence team; the AFM team is in flux and Apple has marginally increased their pay (www.bloomberg.com)
3 days ago AI Apple

Sources: Microsoft is in advanced talks to land a deal that could give it ongoing access to critical OpenAI tech even if OpenAI reaches its goal of building AGI (www.bloomberg.com)
3 days ago Microsoft

Sources: Figma's IPO, which could raise as much as $1.2B after Figma raised its range to $30 to $32 per share on July 28, is approaching 40 times oversubscribed (www.bloomberg.com)
3 days ago IPO

Filing: Bit Digital-owned AI infrastructure company Whitefiber seeks to raise $132.8M in an IPO, selling 7.8M shares for $15 to $17 for an up to $593M valuation (www.bloomberg.com)
3 days ago IPO AI

Ambience Healthcare, which uses AI to automate administrative tasks for medical professionals, raised $243M led by a16z and Oak HC/FT at a $1B+ valuation (www.bloomberg.com)
3 days ago AI

Chinese crypto mining hardware maker Bitmain plans to open a new HQ and assembly line in either Texas or Florida by the end of Q3 and start production in 2026 (www.bloomberg.com)
3 days ago China Texas

Sources: Quince, a DTC luxury brand that is viral on Instagram and TikTok, raised ~$200M led by Iconiq at a $4.5B valuation, after raising $120M in January 2025 (www.bloomberg.com)
3 days ago Instagram

Waymo plans to launch its robotaxi service in Dallas in 2026 with Avis as the fleet partner, a first after exclusively working with Uber in Austin and Atlanta (www.bloomberg.com)
3 days ago Uber

EssilorLuxottica says sales of Ray-Ban Meta more than tripled year-over-year in the first half of 2025, and it expects “a very fast ramp-up” of Oakley Meta (www.bloomberg.com)
4 days ago Ban

PayPal unveils Pay With Crypto for merchants to accept bitcoin, ether, USDT, and more via Coinbase, OKX, and other wallets, rolling out in the coming weeks (www.bloomberg.com)
4 days ago Bitcoin Coinbase

At Shanghai's World AI Conference, ByteDance, Unitree, UBTech, Agibot, and other Chinese companies demoed a wide range of robots, including boxing droids (www.bloomberg.com)
4 days ago China AI Robot Shanghai

Samsung announces a $16.5B deal to produce chips that runs through the end of 2033 and boosts its underperforming foundry unit; source: Tesla is the customer (www.bloomberg.com)
4 days ago Samsung Tesla

Dubai-based Qlub, which offers contactless payment services to restaurants, raised $30M co-led by Shorooq and Cherry Ventures, taking its total funding to $72M (www.bloomberg.com)
5 days ago Dubai

Online platforms offering astrological advice are thriving in India, with the leading app Astrotalk claiming about 84% of its 70M users are under the age of 35 (www.bloomberg.com)
5 days ago India

A look at the tensions between Meta, Apple, and Google on whether apps or app stores should check if a user is a minor, as states work on age verification bills (www.bloomberg.com)
6 days ago Google Apple

Sources: KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5B (www.bloomberg.com)
6 days ago

The SharePoint hacks increase pressure on Microsoft's Secure Future Initiative, which the company calls an ambitious effort expected to take years to complete (www.bloomberg.com)
6 days ago Microsoft

Christina Marie Chapman, who pleaded guilty and was sentenced to prison for aiding a North Korean remote IT worker scheme, details her time as a “laptop farmer” (www.bloomberg.com)
6 days ago Korea

China's Unitree is marketing the R1, a humanoid robot that has multimodal AI and weighs 25kg, for $5,900, drastically lowering the entry price for such machines (www.bloomberg.com)
6 days ago China AI Robot

Blackstone agrees to acquire a majority stake in NetBrain, valuing the Burlington, Massachusetts-based network operations and automation company at $750M (www.bloomberg.com)
6 days ago

Sources: e-commerce startup OpenStore, co-founded by Keith Rabois, is raising a $15M Series C at a valuation of just $50M, down from $970M in September 2022 (www.bloomberg.com)
6 days ago Startup

Yann LeCun will continue to work at Meta as chief scientist of the AI research group FAIR; a source says he will report to Alexandr Wang (www.bloomberg.com)
7 days ago AI

Recent grads and PhDs are being recruited by AI companies like Handshake to provide specialized training data in fields like music and law for $30-$160 per hour (www.bloomberg.com)
7 days ago AI

Source: Yann LeCun will continue to work at Meta as chief scientist of the AI research group FAIR and will report to Alexandr Wang (www.bloomberg.com)
7 days ago AI

Sources: Microsoft is investigating whether a leak in its early alert system for cybersecurity companies let Chinese hackers exploit SharePoint flaws (www.bloomberg.com)
7 days ago China Microsoft

Lyft partners with Austria-based Benteler to deploy autonomous shuttles in the US in late 2026, to be initially deployed in partnership with airports and cities (www.bloomberg.com)
7 days ago Austria

Lyft rolls out letting riders “favorite” or block drivers to enhance loyalty from riders and drivers; favorites get priority for future scheduled rides (www.bloomberg.com)
8 days ago

AMD CEO Lisa Su says she expects TSMC's Arizona-made chips to cost “more than 5% but less than 20%” above TSMC's Taiwan-made chips, and to arrive by 2025's end (www.bloomberg.com)
8 days ago Taiwan AMD

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