Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Meta plans deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January (www.bloomberg.com)
2025-12-5 Layoffs Budget

Yann LeCun says his unnamed AI startup will not receive financial backing from Meta, will focus on advanced AI world models, and hints it will be Paris-based (www.bloomberg.com)
2025-12-5 Startup AI Paris

The EU says it is gathering information and feedback from ~200 stakeholders on Google's offer to fix alleged antitrust violations linked to its ad tech business (www.bloomberg.com)
2025-12-5 Google

Malaysian authorities are using drones, power sensors, and tips to hunt Bitcoin miners over power theft, which cost a state energy company $1.1B over five years (www.bloomberg.com)
2025-12-4 Bitcoin Energy Drone Malaysia

Sources: Beijing-based Cambricon plans to more than triple its AI chip production to 500K units in 2026, including 300K of its advanced Siyuan 590 and 690 chips (www.bloomberg.com)
2025-12-4 AI

Sources: SoftBank agrees to sell a large portion of its stake in InMobi back to the Indian mobile ad company for ~$250M, reducing its holding to <10% from 30%+ (www.bloomberg.com)
2025-12-4 India Mobile

In an interview, Dario Amodei suggests some AI companies are taking on too much risk by “YOLO-ing” and committing to spend hundreds of billions on data centers (www.bloomberg.com)
2025-12-4 Interview AI

A profile of Databricks co-founder Andy Konwinski, who pivoted from Jehovah's Witness to helping solve “species-level” problems by funding AI research (www.bloomberg.com)
2025-12-4 AI

Intel shelves plans to spin off or sell a stake in its networking division NEX, after deciding that the business is more likely to succeed as an internal unit (www.bloomberg.com)
2025-12-4 Intel

Jensen Huang says “we don't know” if China would accept Nvidia's H200 AI chips even if the US relaxed export controls, following a meeting with President Trump (www.bloomberg.com)
2025-12-4 Trump China AI Nvidia

Snowflake reports Q3 product revenue up 29% YoY to $1.16B, and forecasts Q4 adjusted operating income margin below estimates; SNOW drops 7%+ after hours (www.bloomberg.com)
2025-12-4 4Q

Apple interface design chief Alan Dye is leaving the company; sources: Dye will join Meta as chief design officer on Dec. 31 and report to CTO Andrew Bosworth (www.bloomberg.com)
2025-12-4 Apple

OpenAI's nonprofit foundation announces it's awarding $40.5M in grants this year to 208 nonprofits across the US; the nonprofit donated only $7.5M in 2024 (www.bloomberg.com)
2025-12-4

OpenAI agrees to buy Poland-based Neptune, which makes tools for analyzing progress during AI model training; the transaction will be in stock (www.bloomberg.com)
2025-12-4 AI Poland

TikTok plans to invest $37.7B+ to build a data center in Brazil's port of Pecém, partnering with Omnia and Casa dos Ventos, its first Latin American project (www.bloomberg.com)
2025-12-4 U.S. Brazil Latin America

Uber partners with Avride to launch robotaxi rides in Dallas, marking Uber's fourth US city to offer autonomous ride options after Phoenix, Austin, and Atlanta (www.bloomberg.com)
2025-12-3 Uber

Some YouTube creators are using AI video tools to make content for kids and babies, causing concern that their brains are being shaped by AI-generated videos (www.bloomberg.com)
2025-12-3 AI YouTube

YouTube says it will comply with Australia's social media ban for under-16s, after rejecting its inclusion in the crackdown and calling the regulation “rushed” (www.bloomberg.com)
2025-12-3 Australia YouTube Ban

After a backlash, India says its pre-installed cybersecurity app is optional for users, who “have complete freedom to activate, or delete the app at any time” (www.bloomberg.com)
2025-12-3 India

Check Point is raising $1.5B from the sale of a five-year zero-coupon convertible bond; proceeds will go toward buying back as much as $225M of stock (www.bloomberg.com)
2025-12-3

Adobe: US shoppers spent $14.25B online during Cyber Monday, up 7.1% YoY, compared with a 9.1% rise on Black Friday; five-day spending rose 7.7% YoY to $44.2B (www.bloomberg.com)
2025-12-3 Adobe Black Friday

Vista Equity-backed infrastructure software company LogicMonitor acquires Catchpoint, which monitors user experiences across the internet, for $250M+ in cash (www.bloomberg.com)
2025-12-3 Equity

Taiwanese prosecutors charge Tokyo Electron for failing to prevent staff from allegedly stealing TSMC trade secrets, indicting the company on several counts (www.bloomberg.com)
2025-12-2 Taiwan Tokyo

Paris-based AI voice startup Gradium, spun out of the nonprofit AI lab Kyutai, raised $70M led by FirstMark and Eurazeo, after launching in September (www.bloomberg.com)
2025-12-2 Startup AI Paris

Just Eat founder Jitse Groen plans to step down as CEO effective January 1, replaced by Prosus Europe head Roberto Gandolfo; Groen founded Takeaway.com in 2000 (www.bloomberg.com)
2025-12-2 Europe

Vanguard will allow ETFs and mutual funds that primarily hold cryptocurrencies to be traded on its platform starting Tuesday, reversing a longstanding position (www.bloomberg.com)
2025-12-2 ETF

DeepSeek releases DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, which it calls “reasoning-first models built for agents”, after releasing V3.2-Exp in September (www.bloomberg.com)
2025-12-2

Nevis, which develops AI agents to automate wealth advisers' grunt work, raised a $35M Series A from Sequoia and others at a $200M valuation, after a $5M seed (www.bloomberg.com)
2025-12-2 AI

DeepSeek releases DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, calling them “reasoning-first models built for agents”, after releasing V3.2-Exp in September (www.bloomberg.com)
2025-12-2

South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; the country has a population of 51.7M (www.bloomberg.com)
2025-12-1 Korea

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