Articles from www.bloomberg.com

Articles from www.bloomberg.com

Amazon expands its Now service in India to New Delhi, offering deliveries in as little as 10 minutes, after launching the service in Bengaluru in December 2024 (www.bloomberg.com)
2025-7-10 India Amazon

Riyadh-based food delivery service Jahez agrees to acquire a 76.56% stake in Qatari e-commerce platform Snoonu for $245M in cash and stock (www.bloomberg.com)
2025-7-10 Qatar

TSMC reports Q2 revenue up 39% YoY to ~$32B, beating estimates and boosting expectations for a sustained post-ChatGPT boom in AI spending (www.bloomberg.com)
2025-7-10 AI

Source: during a presentation, Chief Commercial Officer Judson Althoff said AI saved Microsoft $500M+ last year in its call centers and increased satisfaction (www.bloomberg.com)
2025-7-10 Microsoft AI

Sources: Meta offered Ruoming Pang a $200M+ pay package over a several-year period in line with Meta's other major AI hires; Apple didn't try to match the offer (www.bloomberg.com)
2025-7-10 AI Apple

Israeli VC firm Cyberstarts has raised a $300M fund to allow long-time employees at some of its portfolio companies to cash out their vested shares (www.bloomberg.com)
2025-7-10 Israel

Source: Microsoft's Chief Commercial Officer said during a presentation that AI saved Microsoft $500M+ last year in its call centers and increased satisfaction (www.bloomberg.com)
2025-7-10 Microsoft AI

France's antitrust regulator has notified Meta of a potential antitrust violation, accusing it of abusing its dominant position in the online ad sector (www.bloomberg.com)
2025-7-10 France

Sources: Apple is planning the first Vision Pro upgrade later in 2025, with an M4 chip and a new strap, and a lighter, redesigned version for 2027 (www.bloomberg.com)
2025-7-10 Apple

California State Senator Scott Wiener makes amendments to SB 53, which has transparency requirements for AI companies but omits SB 1047's provision on liability (www.bloomberg.com)
2025-7-10 AI California

Apple says COO Jeff Williams will step down in July, overseeing design and health until he retires later in 2025; SVP of Operations Sabih Khan will become COO (www.bloomberg.com)
2025-7-9 Apple

The US Treasury's OFAC sanctions individuals and companies linked to North Korea's fake tech worker scheme, including “malicious cyber actor” Song Kum Hyok (www.bloomberg.com)
2025-7-9 Korea

CA state Senator Scott Wiener releases amendments to SB 53, which has transparency requirements for AI companies but omits SB 1047's provision on liability (www.bloomberg.com)
2025-7-9 AI

Millions of China's gig workers are having to endure record heat waves without legally mandated “heat wave allowances”, cooling breaks, or adequate insurance (www.bloomberg.com)
2025-7-9 China Insurance

An analysis finds Chinese firms aim to buy 115K+ US-sanctioned Nvidia H100 and H200 chips for 39 data centers across China's western deserts, mostly in Xinjiang (www.bloomberg.com)
2025-7-9 China Nvidia

Sources: Mistral AI is in talks to raise as much as $1B in equity from several investors including Abu Dhabi's MGX; it has raised €1B+ since its 2023 founding (www.bloomberg.com)
2025-7-9 AI Equity

Sources: Meta has bought under 3% of Ray-Ban maker EssilorLuxottica, a stake worth ~€3B, and is considering further investment that could build the stake to ~5% (www.bloomberg.com)
2025-7-9 Ban

Dubai-based Xpanceo, which is developing smart contact lenses with night vision, health monitoring, and more, raised a $250M Series A at a $1.35B valuation (www.bloomberg.com)
2025-7-9 Dubai

El Salvador-based Tether says it holds nearly 80 tons of gold, worth ~$8B, in a vault in Switzerland; precious metals made up nearly 5% of its reserves in March (www.bloomberg.com)
2025-7-9 Switzerland

X says the Indian government ordered it to block two Reuters accounts on July 3 and demanded immediate action, then told X to unblock them after “public outcry” (www.bloomberg.com)
2025-7-9 India

French chipmaker SiPearl raised a €130M Series A from Taiwan's Cathay Venture and others to develop its Arm-based Rhea1 AI chip, set to feature 80 cores (www.bloomberg.com)
2025-7-8 France Taiwan AI

As Amazon Prime Day begins, some merchants say they can't afford to offer discounts due to Trump's tariffs; Adobe expects $23.8B in sales across the four days (www.bloomberg.com)
2025-7-8 Trump Amazon Adobe

An open letter signed by 602 founders, VCs, and more urges Sequoia act after Shaun Maguire said Zohran Mamdani “comes from a culture that lies about everything” (www.bloomberg.com)
2025-7-8

Quantum computing company IonQ raised $1B via a sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna International Group (www.bloomberg.com)
2025-7-8 Quantum

Sources: Ruoming Pang, head of the foundation models team at Apple, is leaving to join Meta, which offered a package worth tens of millions of dollars per year (www.bloomberg.com)
2025-7-8 Apple

CoreWeave says it agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity (www.bloomberg.com)
2025-7-7 Bitcoin AI 4Q

Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from rivals, after a GitHub group accused it of copying (www.bloomberg.com)
2025-7-7 AI GitHub

France's Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients (www.bloomberg.com)
2025-7-7 France AI

A look at the US Secret Service's GIOC, which sources say helped seize ~$400M in digital assets over the past decade through crypto scam investigations globally (www.bloomberg.com)
2025-7-7 Asset

Q&A with British Library CEO Rebecca Lawrence on dealing with the aftermath of a major October 2023 cyberattack, AI scraping, AI for text analysis, and more (www.bloomberg.com)
2025-7-7 U.K. AI

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