Articles from www.bloomberg.com

Articles from www.bloomberg.com

JD.com founder Richard Liu calls the past five years the company's “darkest period” and vows to speed up overseas expansion and challenge Meituan in new areas (www.bloomberg.com)
2025-6-18

How Walmart plans to leverage its $2.3B Vizio acquisition to push shoppable TV experiences; Walmart's ad business had just $4.4B of sales in FY 2025 (www.bloomberg.com)
2025-6-18 Walmart

Sources: xAI is burning through $1B/month and expects to burn through ~$13B in 2025; revenues are expected to be just $500M this year, rising to $2B+ next year (www.bloomberg.com)
2025-6-18

X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution (www.bloomberg.com)
2025-6-18 New York

Sports data company Teamworks raised a $235M Series F led by Dragoneer at a $1B+ valuation; its tech is used by 6.5K+ sports teams including all NFL teams (www.bloomberg.com)
2025-6-18

Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average (www.bloomberg.com)
2025-6-18 Salesforce Slack

Sources: Elon Musk's xAI is in talks to raise $4.3B via an equity investment on top of the $5B it has recently been trying to borrow from debt investors (www.bloomberg.com)
2025-6-18 Elon Musk Equity

Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024 (www.bloomberg.com)
2025-6-17

China's MiniMax open sources MiniMax-M1, a model to handle complicated productivity tasks that supports 1M input tokens and it says surpasses DeepSeek's R1-0528 (www.bloomberg.com)
2025-6-17 China

Tinder unveils Double Date, bringing the double dating feature back to the US after shelving it in 2017 over privacy concerns, rolling out globally in July (www.bloomberg.com)
2025-6-17

The US Senate's draft tax bill would raise the CHIPS Act's tax credit for semiconductor factories from 25% to 30% until the tax break expires at the end of 2026 (www.bloomberg.com)
2025-6-17 Tax Senate

Juniper Square, which offers investment management and fund administration tools for real estate, PE, VC firms, raised $130M led by Ribbit at a $1.1B valuation (www.bloomberg.com)
2025-6-17 Private Equity Venture Capital

A whistleblower provides nonpublic data revealing that 1M+ 2FA SMS messages from June 2023 passed via Fink Telecom, a small Swiss company linked to spy agencies (www.bloomberg.com)
2025-6-16 Switzerland

Chinese state media: researchers successfully implanted a brain-computer interface in a tetraplegia patient in March, the second country after the US to do so (www.bloomberg.com)
2025-6-16 China

TikTok rolls out new AI ad features, including the ability for marketers to use text or images to create AI-generated video, as part of its Symphony ad suite (www.bloomberg.com)
2025-6-16 AI

In March, New York added a checkbox to its WARN system for companies to show if “technological innovation or automation”, like AI, was a reason for mass layoffs (www.bloomberg.com)
2025-6-16 AI Layoffs New York

A look at Apple's upgrades to CarPlay, iPadOS, and visionOS, and the new Liquid Glass redesign of its operating systems announced at WWDC (www.bloomberg.com)
2025-6-16 Apple

Amazon plans to invest ~$13B in Australia from 2025 to 2029 to develop its data center infrastructure, as demand for cloud computing and AI grows in the country (www.bloomberg.com)
2025-6-15 Australia Amazon AI

Statista: the global influencer marketing industry is projected to grow 36% between 2024 and 2025, reaching $33B, as brands tighten overall ad budgets (www.bloomberg.com)
2025-6-15

Taiwan imposes export controls on Huawei, SMIC, and some of their subsidiaries, restricting their access to tech and equipment necessary for AI chip production (www.bloomberg.com)
2025-6-15 Taiwan AI

A profile of Chess.com, which has popularized online chess among pro athletes, as CEO Erik Allebest says the site has over $100M in annual revenue and 35M MAUs (www.bloomberg.com)
2025-6-15

As the world moves toward digital artificiality, Airbnb's redesign and Apple's Liquid Glass UI bring back skeuomorphism and dimensionality to digital interfaces (www.bloomberg.com)
2025-6-14 Airbnb Apple

Sources: the US DOJ is reviewing whether Google's planned $32B acquisition of cybersecurity company Wiz would illegally limit competition in the market (www.bloomberg.com)
2025-6-14 Google

Source: Ramp raised $200M led by Founders Fund, valuing the startup at $16B, up from $13B in March, when it conducted a $150M share sale (www.bloomberg.com)
2025-6-14 Startup

Source: Accel, which owns 18.5% of Scale AI after investing a total of ~$350M, expects to gain over $2.5B from Meta's $14.3B investment in the startup (www.bloomberg.com)
2025-6-14 Startup AI

China releases draft guidelines on cross-border transmission of automobile data, which could pave the way for the wider rollout of Tesla's FSD in the country (www.bloomberg.com)
2025-6-14 China Tesla

Meta's Scale AI deal dwarfs rivals' “reverse acquihires” in scope and ambition, showing that its fear of lagging in AI outweighs fears of regulatory backlash (www.bloomberg.com)
2025-6-14 AI

Sources: Tencent is in early talks to acquire Nexon, the South Korean gaming giant behind Dungeon & Fighter Mobile; Tencent pursued a Nexon acquisition in 2019 (www.bloomberg.com)
2025-6-13 Korea Mobile Tencent

A senior Trump administration official projects that Huawei's Ascend AI chip output will be at or below 200,000 for 2025, in a hearing with US lawmakers (www.bloomberg.com)
2025-6-13 Trump AI

Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B (www.bloomberg.com)
2025-6-13 AI

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