Articles from www.bloomberg.com

Articles from www.bloomberg.com

E-commerce marketing startup Rokt agrees a secondary share sale at a $3.5B valuation ahead of a 2026 IPO, and acquires customer data startup mParticle for $300M (www.bloomberg.com)
2025-1-17 IPO Startup

Sources: the biggest shareholders of viral app Xiaohongshu, or RedNote, are in talks to sell part of their holdings at a valuation of at least $20B (www.bloomberg.com)
2025-1-17

Sources: Nothing seeks to raise at least $100M in its Series C; it crossed $1B in lifetime sales, sold 7M devices to date, and doubled revenue to $500M+ in 2024 (www.bloomberg.com)
2025-1-16

Germany-based Neura Robotics, which is building cognitive, humanoid robots for logistics and other sectors, raised a €120M Series B led by Lingotto Investment (www.bloomberg.com)
2025-1-16 Germany Robot Logistics

TSMC reports Q4 sales up 38.8% YoY to ~$26.38B, net income up 57% YoY to ~$11.4B, both above estimates; stock jumped 80%+ in 2024, its biggest gain since 1999 (www.bloomberg.com)
2025-1-16 4Q

India has deployed AI and other tech at the Maha Kumbh Mela in Prayagraj to ensure the safety of ~450M pilgrims and trace missing people during the festival (www.bloomberg.com)
2025-1-16 India AI

China plans to probe whether the US gives its chipmakers an unfair advantage through grants or undercuts Chinese products illegally, escalating the chip war (www.bloomberg.com)
2025-1-16 China

Official report: Chinese hackers who breached the US Treasury accessed 400+ computers and stole over 3K files; classified data and email systems were safe (www.bloomberg.com)
2025-1-16 China

Insight Partners raised $12.5B for its 13th flagship fund, down from its initial target of $20B, making it one of the biggest tech-focused funds (www.bloomberg.com)
2025-1-16

The US unveils new rules to curb flow of advanced chips produced by TSMC and others to China and sanctions 16 Chinese companies building China's chip industry (www.bloomberg.com)
2025-1-16 China

How gamers are turning gaming PCs into fashion statements: iBuypower customers spend an average of ~$2.4K on custom-built gaming PCs and $1.6K on prebuilt ones (www.bloomberg.com)
2025-1-16

The Philippines' decision to supercharge its online gambling sector has been disastrous, opening the door to crimes, including money laundering, in the country (www.bloomberg.com)
2025-1-15 Philippines

The VisionTrack Composite Index, which tracks the performance of 130 crypto-focused hedge funds, rose 40% in 2024, compared to Bitcoin's 120% surge that year (www.bloomberg.com)
2025-1-15 Bitcoin

The Netherlands tightens export control rules, requiring ASML and ASM International to seek licenses from the Dutch government for some chipmaking tools (www.bloomberg.com)
2025-1-15 Netherlands

PUBG developer Krafton, whose Seoul-listed shares are up more than 70% since early 2024, plans to invest over $136M in 2025 in more than a dozen game studios (www.bloomberg.com)
2025-1-15

Tether plans to relocate its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license in the country (www.bloomberg.com)
2025-1-15 Asset

The CFTC puts trading of sports derivatives, including Super Bowl, on Crypto.com under review; the firm says it rejected the CFTC's request to halt such trading (www.bloomberg.com)
2025-1-15 CFTC

Filing: the SEC sues Elon Musk, claiming he failed to timely disclose a major purchase of Twitter shares ahead of his takeover of the social media platform (www.bloomberg.com)
2025-1-15 Twitter Elon Musk

OpenAI has appointed BlackRock exec Adebayo Ogunlesi to its board; last year, BlackRock acquired Ogunlesi's company Global Infrastructure Partners for ~$12B (www.bloomberg.com)
2025-1-15

Meta plans to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees (www.bloomberg.com)
2025-1-15

The TON Foundation names board member Manuel Stotz as president, as its blockchain with close ties to Telegram plans to expand in the US (www.bloomberg.com)
2025-1-15 Blockchain

DirecTV launches MySports, a sports streamer featuring games from NFL and other major leagues, and access to 40 channels, in 24 US metro areas for $70/month (www.bloomberg.com)
2025-1-14

A profile of Hussain Sajwani, who, alongside Donald Trump at Mar-a-Lago, pledged a $20B investment in US data centers, and why some are skeptical of the plan (www.bloomberg.com)
2025-1-14 Trump

The Biden admin finalizes a rule banning the import or sale of connected vehicles with hardware or software that have a “sufficient nexus” to China or Russia (www.bloomberg.com)
2025-1-14 Russia China

Sources: Databricks secures $5B+ in its largest debt raise to date, from lenders including Blackstone and Apollo, after raising $10B in equity in December 2024 (www.bloomberg.com)
2025-1-14 Equity

Sources: Chinese officials are evaluating an option involving Elon Musk acquiring TikTok US; X would take control of TikTok US and run the businesses together (www.bloomberg.com)
2025-1-14 China Elon Musk

Nvidia announces partnerships with Illumina, the Mayo Clinic, and other companies as part of its push to encourage AI adoption by the health care industry (www.bloomberg.com)
2025-1-14 AI Nvidia

Sources: the EU sent questionnaires to app developers in December focusing on concerns Apple's Core Technology Fee of €0.50 per app install could drive up costs (www.bloomberg.com)
2025-1-14 Apple

Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; board member Tom Conrad is named interim CEO (www.bloomberg.com)
2025-1-14

Bloomberg EIC John Micklethwait predicts AI's impact on journalism: jobs will change, not vanish, reporting and breaking news will remain valuable, and more (www.bloomberg.com)
2025-1-13 AI

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