Articles from www.bloomberg.com

Articles from www.bloomberg.com

Uber plans to launch data labelling tasks in the US for some drivers to earn extra money, appearing under “digital tasks” in the driver app, later this fall (www.bloomberg.com)
2025-10-17 Uber

TSMC reports Q3 net profit up 39% YoY to $14.8B, above est., and raises its 2025 revenue growth projection to the mid-30% range, signaling strong AI chip demand (www.bloomberg.com)
2025-10-16 AI

Sources: a ransomware attack is disrupting US state and local borrowers' ability to post debt documents on the $4.3T municipal bond market's MuniOS platform (www.bloomberg.com)
2025-10-16

Court hearing: UK prosecutors aim to confiscate ~$6.8B in bitcoin tied to a massive 2017 fraud in China and to pay back Chinese investors that were its victims (www.bloomberg.com)
2025-10-16 China Bitcoin

Bengaluru-based quick grocery delivery startup Zepto raised $450M from Goodwater, General Catalyst, and others at a $7B valuation, as it prepares for an IPO (www.bloomberg.com)
2025-10-16 IPO Startup

Japanese chip material maker Tekscend rose 13% on its Tokyo debut after raising $1B in its IPO; Tekscend makes photomasks to transfer tiny circuits onto wafers (www.bloomberg.com)
2025-10-16 Japan IPO Tokyo

Kraken acquires Small Exchange, a US-licensed futures exchange, from the IG Group, for $32.5M in cash and $67.5M in Kraken parent's Payward stock (www.bloomberg.com)
2025-10-16

A look at efforts in Sweden to make its banking systems and payment networks resilient to hybrid warfare attacks; 90% of Sweden's transactions are digital (www.bloomberg.com)
2025-10-16 Sweden

TSMC reports Q3 net profit up 39% YoY to ~$14.8B, beating est., after previously reporting a 30% rise in revenue, the latest sign of robust spending on AI chips (www.bloomberg.com)
2025-10-16 AI

Nvidia partners with startup Firmus on Project Southgate, a $2.9B initial undertaking to build renewable energy-powered AI data centers across Australia (www.bloomberg.com)
2025-10-16 Australia Energy Startup AI Nvidia Renewable

Huawei's key partners SiCarrier and Qiyunfang showcased chipmaking gear and EDA software at a Shenzhen expo; SiCarrier's gear competes with older US products (www.bloomberg.com)
2025-10-16 Shenzhen

Sources: F5's breach is blamed on China, whose hackers had infiltrated F5's network for at least 12 months using the Brickstorm malware to steal source code (www.bloomberg.com)
2025-10-16 China

Sources: Apple executive Ke Yang, who was appointed just weeks ago as head of a team developing AI-driven web search for Siri, is leaving for Meta (www.bloomberg.com)
2025-10-16 AI Apple

David Sacks says Anthropic is running a “regulatory capture strategy based on fear-mongering”, responding to Anthropic co-founder Jack Clark's post on AI policy (www.bloomberg.com)
2025-10-16 AI

Sources: Chinese state actors compromised UK government servers for at least the last 10 years, routinely accessing low- and medium-level classified information (www.bloomberg.com)
2025-10-16 China

Sources: Anthropic held early funding talks this month with Abu Dhabi-based MGX, which it considers a prior investor, after closing a $13B Series F in September (www.bloomberg.com)
2025-10-16

Sources: Orange is seeking to raise €400M-€500M by selling a stake of as much as 50% in its data center business, including its major facility in Normandy (www.bloomberg.com)
2025-10-16

US bank Erebor, founded by Palmer Luckey, Joe Lonsdale, and others, wins conditional OCC approval to offer services to emerging tech companies in crypto and AI (www.bloomberg.com)
2025-10-16 AI

Meta says it is investing $1.5B+ to set up a 1 GW data center in El Paso, Texas, and expects it come online in 2028 (www.bloomberg.com)
2025-10-16 Texas

AppLovin shut down Array last quarter, calling it “a test product” that wasn't “economically viable”, after allegations it led to unwanted Android app installs (www.bloomberg.com)
2025-10-16 Android

ASML CFO Roger Dassen says the company is “well prepared” for China's curbs on exports of rare earths; a source says ASML could face weeks-long shipment delays (www.bloomberg.com)
2025-10-15 China

SoftBank's $5.4B purchase of ABB's robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era (www.bloomberg.com)
2025-10-15 Europe AI Robot

ASML reports Q3 net bookings of €5.4B, v. €4.9B est., as the AI spending boom boosts demand for its EUV machines to produce the most sophisticated AI chips (www.bloomberg.com)
2025-10-15 AI

Sources: Apple plans to build its upcoming indoor security camera, home hub, and tabletop robot in Vietnam as part an effort to lessen its dependence on China (www.bloomberg.com)
2025-10-15 China Apple Robot Vietnam

Marc Benioff says Salesforce is saving about $100M a year by using AI tools in its customer service operations (www.bloomberg.com)
2025-10-15 AI Salesforce

Walmart partners with OpenAI to let shoppers browse and purchase its products on ChatGPT, including apparel, entertainment, packaged food, and third-party goods (www.bloomberg.com)
2025-10-15 Walmart

Sources: the EU considers forcing Chinese companies seeking access to digital markets to hand over tech to European companies if they want to operate locally (www.bloomberg.com)
2025-10-15 China Europe

Nexperia says China banned it from exporting China-made products, as Beijing hits back at the Dutch government for taking over the Wingtech-owned chipmaker (www.bloomberg.com)
2025-10-14 China Netherlands

Internal memo: in a first, Samsung plans to award shares and bonuses based on stock price to employees and will let staff get up to 50% of their payout in stock (www.bloomberg.com)
2025-10-14 Samsung

OpenAI's massive deals show Sam Altman is selling a vision of a world-changing product and achieving it via world-changing financial engineering to raise $1T+ (www.bloomberg.com)
2025-10-14

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