Articles from www.bloomberg.com

Articles from www.bloomberg.com

Anthony Levandowski's self-driving truck startup Pronto signs a deal with Heidelberg Materials to use its tech in 100+ dump trucks in mines over three years (www.bloomberg.com)
2025-2-25 Startup

MongoDB buys Voyage AI for $220M and plans to integrate Voyage's retrieval tools for higher-quality AI outputs with real-time operational data for businesses (www.bloomberg.com)
2025-2-25 AI

Salesforce signs a $2.5B, seven-year deal with Google Cloud to let customers run its software, Agentforce AI assistants, and Data Cloud on Google Cloud (www.bloomberg.com)
2025-2-25 Google AI Salesforce

Source: Ethena, which runs the USDe stablecoin, marketed as a “synthetic dollar” with a 9% yield and almost $6B in circulation, raised $100M in December 2024 (www.bloomberg.com)
2025-2-25

TD Cowen: Microsoft cancels leases for a substantial amount of US data centers, potentially due to over-investment fears; Microsoft plans to spend $80B in 2025 (www.bloomberg.com)
2025-2-24 Microsoft

Apple says it will spend $500B in the US over the next four years, hire 20,000 new US workers, and produce AI servers in Texas, after Tim Cook met with Trump (www.bloomberg.com)
2025-2-24 Trump AI Apple Tim Cook Texas

Alibaba pledges to invest more than $53B on AI infrastructure, including new data centers, over the next three years (www.bloomberg.com)
2025-2-24 Alibaba AI

Apple abandons the budget phone market with the iPhone 16e; sources: the M4 MacBook Air may launch in March and Apple may eventually meld the modem and main CPU (www.bloomberg.com)
2025-2-24 iPhone Apple MacBook Budget

Apple removes Advanced Data Protection for iCloud in the UK after the government ordered it to build a backdoor, something the company says it will never do (www.bloomberg.com)
2025-2-23 Apple

Latin American e-commerce giant MercadoLibre's stock reached a record high on February 21 after it reported a record $639M net income on $6.1B in revenue in Q4 (www.bloomberg.com)
2025-2-22 U.S. 4Q Latin America

The Hang Seng Tech Index, which tracks the top 30 Hong Kong-listed tech firms, rose 6.5% on February 21, hitting its highest level since early 2022 (www.bloomberg.com)
2025-2-22 Hong Kong

The US SEC approves a yield-bearing stablecoin by Figure Markets, which Figure says is the first yield-bearing stablecoin registered as a security with the SEC (www.bloomberg.com)
2025-2-22

Trump says Tim Cook told him that Apple “stopped two plants in Mexico” and will build products in the US instead, a move Apple hasn't publicly discussed (www.bloomberg.com)
2025-2-22 Trump Mexico Apple Tim Cook

Trump directs CFIUS to limit Chinese investments in key areas, and says US will consider outbound investment restrictions to China in sectors like chips and AI (www.bloomberg.com)
2025-2-22 Trump China AI

Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens (www.bloomberg.com)
2025-2-22 Hacker Ethereum

NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles (www.bloomberg.com)
2025-2-22

Sources: AMD is in talks with Asian companies for a $3B to $4B sale of data center manufacturing plants, which it inherited in its $4.9B ZT Systems acquisition (www.bloomberg.com)
2025-2-22 Manufacturing AMD

Sources: SoftBank VF and others marked up ByteDance's valuation to $400B+; SoftBank puts zero value on TikTok's US operations but factored in AI business Doubao (www.bloomberg.com)
2025-2-22 AI

Sources: Fluidstack, which wants to build a €10B AI data center in France as part of Macron's €109B data center pledge, is in talks to raise a ~$200M Series A (www.bloomberg.com)
2025-2-22 France AI

DeepSeek plans to open source five of its code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models (www.bloomberg.com)
2025-2-22 AI

Apple says Advanced Data Protection will not be available in the UK for new users, pulling the feature rather than complying with UK's order to build a backdoor (www.bloomberg.com)
2025-2-22 Apple

DeepSeek will start open-sourcing five code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models (www.bloomberg.com)
2025-2-22 AI

Sensor Tower: Xiaohongshu's downloads fell 91% in five days after Apple and Google relisted TikTok on their US app stores on February 13, while TikTok's doubled (www.bloomberg.com)
2025-2-21 Google Apple Sensor

Alibaba CEO Eddie Wu calls the pursuit of AGI the company's “primary objective”, saying “our first and foremost goal is to pursue AGI” (www.bloomberg.com)
2025-2-21 Alibaba

FTC Chair Andrew Ferguson announces an inquiry into “Big Tech censorship”, which he says is “un-American” and “potentially illegal” (www.bloomberg.com)
2025-2-21 U.S.

YouTube plans a premium lite tier in the US, Australia, Germany, and Thailand, offering podcasts and how-to clips without ads; music videos will have ads (www.bloomberg.com)
2025-2-21 Germany Australia Thailand YouTube

Sources: X's financials showing a ~$1.4B profit given to investors fall outside corporate accounting norms; the 2023 figures were audited, but 2024 was not (www.bloomberg.com)
2025-2-21

AI hiring startup Mercor, founded by 21-year-old Thiel fellow Brendan Foody, raised $100M led by Felicis at a $2B valuation, up from $250M in September 2024 (www.bloomberg.com)
2025-2-21 Startup AI

Together AI, which provides users access to AI computing, raised $305M co-led by General Catalyst and Saudi Arabia's Prosperity7 at a $3.3B valuation (www.bloomberg.com)
2025-2-21 AI Arabia Saudi Arabia

Meta says Mark Zuckerberg went to the US Capitol on February 19 to lobby Senators on AI and talk about issues like US tech leadership and ending DEI programs (www.bloomberg.com)
2025-2-20 AI Zuckerberg

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