Articles from www.bloomberg.com

Articles from www.bloomberg.com

OpenAI acquires Software Applications Incorporated, which is building an AI-powered user interface for macOS and raised $6.5M from Sam Altman and others (www.bloomberg.com)
7 days ago AI

Sources and docs: the US DOJ charges Peter Williams, ex-director of zero-day vendor L3Harris' Trenchant, with stealing trade secrets to sell to a Russian buyer (www.bloomberg.com)
7 days ago Russia

Sources: Microsoft asks its Xbox unit to hit 30% “accountability margins”, or profit margins, and Xbox canceled products, cut jobs, and raised prices to meet it (www.bloomberg.com)
7 days ago Microsoft Xbox

Chinese state media: China's new five-year development plan aims to achieve tech self-reliance and expand the domestic market, after a four-day CCP conclave (www.bloomberg.com)
7 days ago China

Ukraine says it has now deployed 30K free physical security keys, called YubiKeys, including 22K to access battle system Delta, up from ~10K in April 2022 (www.bloomberg.com)
7 days ago Ukraine

A look at DeepSeek's rise in Africa, as China's lightweight, low-cost AI models make inroads into the continent via tech infrastructure built by Huawei and ZTE (www.bloomberg.com)
7 days ago China AI Africa

STMicro reports Q3 revenue down 2% YoY to $3.19B and operating income down 53% YoY to $180M, missing est., and forecasts Q4 revenue of $3.28B, below $3.35B est. (www.bloomberg.com)
7 days ago 4Q

Sources: Polymarket is in early talks with investors to raise funds at a $12B-$15B valuation, up from ~$8B pre-investment in a deal announced earlier this month (www.bloomberg.com)
8 days ago

The UK FCA sues Justin Sun-linked crypto exchange HTX in London's High Court for alleged illegal promotion of “cryptoasset services” to UK consumers (www.bloomberg.com)
8 days ago London

SAP reports Q3 revenue up 7% YoY to €9.08B, cloud revenue up 22% to €5.29B, below €5.33B est., and current cloud backlog up 23% to €18.84B (www.bloomberg.com)
8 days ago

IBM reports Q3 revenue up 9% YoY to $16.3B, above $16.1B est., and Hybrid Cloud (Red Hat) revenue up 14%, below 16% est.; IBM drops 5%+ after hours (www.bloomberg.com)
8 days ago IBM

Sources: Kalshi is receiving funding offers from VC investors at $10B-$12B or higher valuations, just weeks after it announced a $300M round at a $5B valuation (www.bloomberg.com)
8 days ago

Shenzhen-based humanoid robot maker Leju Robotics raised $200M+ led by Citic Goldstone and Shenzhen Investment Holdings ahead of a planned IPO (www.bloomberg.com)
8 days ago IPO Robot Shenzhen

Sources: Chinese chipmaker YMTC considers an IPO in China at an up to ~$40B valuation as soon as 2026, in what could be one of China's biggest IPOs in years (www.bloomberg.com)
8 days ago China IPO

Apple's Vision Pro with the M5 chip is assembled in Vietnam, according to labels on its packaging; the M2-based model, launched in 2024, was built in China (www.bloomberg.com)
8 days ago China Apple Vietnam

Japanese regulators' plan to cull the smallest listings on the Tokyo Stock Exchange is spurring a record number of startup buyouts in Japan, while IPOs slump (www.bloomberg.com)
9 days ago Japan IPO Startup Tokyo

Samsung unveils the Galaxy XR headset, with 4K Micro-OLED displays, Android XR, a Snapdragon XR2+ Gen 2 chip, and a battery pack, available for $1,799 (www.bloomberg.com)
9 days ago Android Samsung Battery

Polymarket and Kalshi surpassed $2B in notional trading volume in the week ending Oct. 19, exceeding the previous peak during the 2024 US presidential election (www.bloomberg.com)
9 days ago

Sources: Anthropic is in discussions with Google about a deal that would provide Anthropic with computing power valued in the high tens of billions of dollars (www.bloomberg.com)
9 days ago Google

Sources: Apple's foldable iPad with an 18" screen faces engineering challenges tied to weight, features, and display tech, pushing its debut to 2029 or later (www.bloomberg.com)
9 days ago Apple iPad

OnlyFans CEO Keily Blair says the platform has paid out $25B to creators since its founding in 2016; OnlyFans takes a 20% fee on subscriptions and content sales (www.bloomberg.com)
9 days ago

Brian Chesky says Airbnb didn't integrate its app with ChatGPT because ChatGPT integrations aren't “quite ready” yet, and he advised Sam Altman on ChatGPT apps (www.bloomberg.com)
9 days ago Airbnb

Insight Partners-owned Veeam agrees to acquire Securiti AI, which makes data security tools, for ~$1.73B in cash and stock, set to close first week of December (www.bloomberg.com)
9 days ago AI

Documents: OpenAI has more than 100 ex-investment bankers paid $150 per hour to train its AI to build financial models as part of its secretive Project Mercury (www.bloomberg.com)
9 days ago AI

CoreWeave says it won't increase its $9B offer for data center provider Core Scientific, despite opposition to the deal from major Core Scientific shareholders (www.bloomberg.com)
9 days ago

Apple challenges the DMA in the EU's General Court, saying it “imposes hugely onerous and intrusive burdens” at odds with Apple's rights in the EU marketplace (www.bloomberg.com)
9 days ago Apple

Anrok, which helps software companies automate sales tax compliance, raised a $55M Series C at a $525M valuation, up from $250M after raising $30M in April 2024 (www.bloomberg.com)
9 days ago Tax

Lagos-founded payments startup Moniepoint raised $90M at a $1B+ valuation, after raising $110M in October 2024, and says it processes $250B+ yearly transactions (www.bloomberg.com)
9 days ago Startup

A South Korean court dismisses a K-pop-related stock manipulation case against Kakao founder Brian Kim; prosecutors had sought a 15-year prison sentence (www.bloomberg.com)
9 days ago Korea

Doc: Google launched a Trusted Tester program that will select 15 of its “Superfans” to test unreleased Pixels, using protective cases to disguise the hardware (www.bloomberg.com)
10 days ago Google

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