Articles from www.bloomberg.com

Articles from www.bloomberg.com

DoorDash, Uber, and Grubhub agree to settle a 2021 lawsuit against New York City over its pandemic-era 15% cap to commissions and fees charged to restaurants (www.bloomberg.com)
11 days ago Uber New York

Meta CTO Andrew Bosworth says the “tides have turned” in Silicon Valley, making it more acceptable for the tech industry to support the US military's efforts (www.bloomberg.com)
11 days ago

Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (www.bloomberg.com)
11 days ago

Source: Circle priced its upsized IPO at $31 per share, above marketed range of $27 to $28, raising nearly $1.1B and valuing the company at approximately $6.9B (www.bloomberg.com)
12 days ago IPO

Two FCC commissioners announce they'll depart this week, creating three vacancies on the five-member panel amid a probe into EchoStar's 5G service obligations (www.bloomberg.com)
12 days ago 5G

Sources: Chinese hackers breached a US telecom company in the summer of 2023, a year before US officials and cybersecurity firms detected the Salt Typhoon hacks (www.bloomberg.com)
12 days ago China

Sources: JPMorgan aims to let clients use some crypto-linked assets as collateral for loans in the coming weeks, starting with BlackRock's iShares Bitcoin Trust (www.bloomberg.com)
12 days ago Bitcoin JPMorgan Asset

Microsoft says LinkedIn CEO Ryan Roslansky will now manage its Office group, reporting to EVP of Experiences and Devices Rajesh Jha; he will remain LinkedIn CEO (www.bloomberg.com)
12 days ago Microsoft LinkedIn

Google says hackers loosely affiliated with the Com in the US, the UK, and Europe breached 20+ companies in the US and Europe to steal Salesforce data (www.bloomberg.com)
12 days ago Europe Google Salesforce

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked SUV and hitting a woman in November 2023 show FSD's limits; the NHTSA is investigating (www.bloomberg.com)
12 days ago Tesla

GlobalFoundries plans to spend $16B to boost domestic chip production, including $13B for its New York and Vermont plants and $3B for advanced packing research (www.bloomberg.com)
12 days ago New York

Photos and partial footage of an FSD-enabled Tesla sideswiping a parked vehicle and hitting a woman in November 2023 shows FSD's limits; the NHTSA is probing it (www.bloomberg.com)
12 days ago Tesla

Sources: Thrive and Capital Group visited China to study its AI scene, joining a wave of US investors rekindling interest in China after DeepSeek's advances (www.bloomberg.com)
12 days ago China AI

Chinese startup Butterfly Effect's Manus launches text-to-video generation tool in early access for paid users, with plans to roll it out for free to all users (www.bloomberg.com)
12 days ago China Startup

NYSE Arca files with the SEC to list a Bitcoin ETF linked to Trump Media and Technology Group, the parent company of Truth Social and Truth.fi (www.bloomberg.com)
12 days ago Trump Bitcoin ETF

HPE reports Q2 revenue up 6% YoY to $7.63B, vs. $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs this year (www.bloomberg.com)
13 days ago

Broadcom begins shipping its Tomahawk 6 data center switch chips, which it says can perform the work of six previous-gen chips to improve GPU utilization rates (www.bloomberg.com)
13 days ago

Huawei Pura X review: the ~$1,050, China-only clamshell is Huawei's first flagship running HarmonyOS 5, with novel ergonomics and an incomplete app ecosystem (www.bloomberg.com)
13 days ago China

Indeed says CEO Chris Hyams is stepping down, replaced by parent Recruit Holdings CEO Hisayuki “Deko” Idekoba, who is returning to the role after six years (www.bloomberg.com)
13 days ago

Meta agrees to acquire power from Constellation's operating Illinois nuclear plant, in a 20-year deal starting in mid-2027 when a state subsidy expires (www.bloomberg.com)
13 days ago

Germany's data protection commission fines Vodafone a record €45M due to data privacy violations linked to malicious behavior by third-party sales agents (www.bloomberg.com)
13 days ago Germany

TSMC CEO C. C. Wei blames worsening traffic for delays in expanding its new Japan facility, and reaffirms plans to spend $100B in Arizona in the next five years (www.bloomberg.com)
13 days ago Japan

Sources: Elon Musk is selling $5B in debt for xAI at a double-digit interest rate, with demand already exceeding $3.5B (www.bloomberg.com)
13 days ago Elon Musk Interest Rate

Uber names longtime exec Andrew Macdonald as president and first COO since 2019; SVP of delivery Pierre-Dimitri Gore-Coty is leaving Uber after nearly 13 years (www.bloomberg.com)
14 days ago Uber

Germany's Federal Cartel Office warns Amazon that its price controls for marketplace retailers likely violate national and EU laws, in preliminary findings (www.bloomberg.com)
14 days ago Germany Amazon

Sources: Samsung and Perplexity in talks about an investment, preloading Perplexity's app on Samsung devices, adding its search to Samsung's browser, and more (www.bloomberg.com)
15 days ago Samsung Browser

A profile of prediction market Kalshi, which is using its federal financial license to open up sports gambling across the US, even in states where it is illegal (www.bloomberg.com)
15 days ago

Sources: UMG, Warner Music, and Sony Music are in talks to license their work to AI music services Udio and Suno and settle copyright infringement lawsuits (www.bloomberg.com)
15 days ago AI Sony

A look at Apple's AI plans for WWDC; sources: macOS 26 will be named Tahoe and Apple is testing its 3B, 7B, 33B, and 150B AI models via internal tool Playground (www.bloomberg.com)
15 days ago AI Apple

Microsoft and the CWA reach a tentative contract agreement for ~300 ZeniMax QA workers after two years of talks, marking Microsoft's first US union contract (www.bloomberg.com)
15 days ago Microsoft

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