Articles from www.bloomberg.com

Articles from www.bloomberg.com

Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims that it built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars (www.bloomberg.com)
2025-8-13 Startup AI chatbot Malaysia Islam

Fractal Analytics, which became India's first AI unicorn in 2022, files for an IPO in Mumbai to raise about $560M, and could value the company at over $3.5B (www.bloomberg.com)
2025-8-13 India IPO AI

CoreWeave Q2: revenue up 207% YoY to $1.21B, vs. $1.08B est., adjusted net loss of $130.8M, vs. $96.3M est., up from $5M in Q2 2024; CRWV drops 8%+ after hours (www.bloomberg.com)
2025-8-13

In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors (www.bloomberg.com)
2025-8-13 Conspiracy

Indian entrepreneur Bhavin Turakhia partners with GoDaddy to offer enterprises his email service Titan, which costs $2+ per month, aiming for 10M+ users by 2029 (www.bloomberg.com)
2025-8-12 India Entrepreneur

Sea reports Q2 revenue up 38% YoY to $5.26B, vs. $5B est., a $414M net income, vs. $444M est., Shopee revenue up 34% YoY to $3.8B, driven by commissions and ads (www.bloomberg.com)
2025-8-12

Sources: Chinese authorities urge local companies to avoid using less advanced chips, particularly Nvidia's H20, for government or national security work (www.bloomberg.com)
2025-8-12 China Nvidia

Trump says he met with Lip-Bu Tan and that the Intel CEO will continue talks with his Cabinet members in the coming days, after calling for his resignation (www.bloomberg.com)
2025-8-12 Trump Intel

SEC filing: crypto exchange Bullish increased the size and price of its US IPO to sell 30M shares for $32 to $33 each, up from 20.3M shares for $28 to $31 each (www.bloomberg.com)
2025-8-12 IPO

Revel plans to wind down rideshare operations in its home city of New York after four years, pivoting to an EV-charging business that counts Uber as a partner (www.bloomberg.com)
2025-8-12 Uber New York

Sources: GM plans a renewed push on driverless cars, focused on personal use rather than a robotaxi service, and is trying to bring back some ex-Cruise workers (www.bloomberg.com)
2025-8-12 Autonomous Car

Trade experts: Nvidia and AMD's deal to export AI chips to China and pay the US 15% of revenue is “unprecedented” and a sign of “a new and dangerous world” (www.bloomberg.com)
2025-8-11 China AI Nvidia AMD

Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars (www.bloomberg.com)
2025-8-11 Startup AI chatbot Malaysia Islam

Sea's Shopee is nearing a $100B market cap after its stock surged 300%+ since early 2024, driven by its in-house, community-based logistics network SPX Express (www.bloomberg.com)
2025-8-11 Logistics

Wondery's restructure suggests the end of the “Serial” podcasting era and the start of a new one, marked by investment tied to video and the creator economy (www.bloomberg.com)
2025-8-11

Bo Hines, the head of the White House Presidential Council of Advisers for Digital Assets, says he is stepping down and returning to the private sector (www.bloomberg.com)
2025-8-11 Asset

Sources: Apple is testing upgraded App Intents with Uber, Temu, Amazon, YouTube, WhatsApp, and other apps to transform Siri into a true voice-first interface (www.bloomberg.com)
2025-8-11 Amazon Uber Apple YouTube WhatsApp

Investors are increasingly divesting from companies they fear are at risk of AI disruption, like Wix and Shutterstock, which are down at least 30% in 2025 (www.bloomberg.com)
2025-8-10 AI

AI startups like Anthropic and OpenAI are ramping up efforts to recruit quant researchers from Wall Street firms, offering competitive pay and benefits (www.bloomberg.com)
2025-8-10 Startup AI Wall Street

US nuclear, geothermal, and energy storage companies have found a lifeline in the AI data center boom after years of challenges such as high interest rates (www.bloomberg.com)
2025-8-10 Energy AI Interest Rate

Despite stablecoins reaching $5T in transaction volumes in 2025, their promise of cheaper cross-border payments is hampered by persistent foreign exchange costs (www.bloomberg.com)
2025-8-9

The controversy involving Tokyo Electron over alleged TSMC IP theft comes at a low point for the company, after order cancellations and a lull in Chinese demand (www.bloomberg.com)
2025-8-9 China Tokyo

South Korean AI chip design firm DeepX partners with Baidu on industrial AI projects, as sources say it is preparing to raise a round above its $79M Series C (www.bloomberg.com)
2025-8-9 Korea AI

Sources: Periodic Labs, which is building AI for material science, is raising $200M led by a16z, valuing the company at $1B before the investment (www.bloomberg.com)
2025-8-9 AI

Trade Desk shares drop ~38% after the company's latest earnings and projections heightened concerns about its future growth amid Amazon's rising ad-tech threat (www.bloomberg.com)
2025-8-9 Amazon

Sources: China told local brokers and think tanks to stop promoting stablecoins by publishing research or holding seminars, aiming to prevent market instability (www.bloomberg.com)
2025-8-9 China

Sources: Tesla is disbanding its Dojo supercomputer team and its leader is leaving, after ~20 team members joined DensityAI, a new data center services startup (www.bloomberg.com)
2025-8-8 Startup Tesla

Sources: SoftBank purchased Foxconn's EV plant in Ohio for $375M, a move aimed at kickstarting its $500B Stargate data center project with OpenAI and Oracle (www.bloomberg.com)
2025-8-8 Oracle

As Trump targets Intel CEO Lip-Bu Tan, a look at his VC firm Walden International, which has invested $5B+ in 600+ companies, with 100+ in China including SMIC (www.bloomberg.com)
2025-8-8 Trump China Intel

Bit Digital-owned AI infrastructure company WhiteFiber closed down 4.59% in its Nasdaq debut, after raising $159.4M in an IPO, valuing the company at $619M (www.bloomberg.com)
2025-8-8 IPO AI

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