Articles from www.bloomberg.com

Articles from www.bloomberg.com

Tesla is set to face off with the California DMV over claims it exaggerated Autopilot's and FSD's capabilities and misled consumers, in a five-day Oakland trial (www.bloomberg.com)
12 days ago Tesla California

Polymarket says it is buying little-known derivatives exchange QCX, in a move to legally re-enter the US market; a source says Polymarket will pay $112M (www.bloomberg.com)
12 days ago

Oakley Meta HSTN hands-on: the $399 glasses are a fun accessory and sportier, thinner, lighter, and more comfortable than previous models with a solid 3K camera (www.bloomberg.com)
12 days ago

KKR acquires a significant minority in Swedish travel tech firm Etraveli, sources say valuing it at ~€2.7B; Etraveli sells plane tickets to ~50M users per year (www.bloomberg.com)
12 days ago Sweden

TSMC closed above a $1T market cap in Taiwan on July 18, a first, up nearly 50% from an April low and the first Asian stock worth $1T+ since PetroChina in 2007 (www.bloomberg.com)
12 days ago Taiwan

Microsoft releases a patch for a SharePoint 0-day RCE flaw exploited globally on thousands of on-prem servers, says updates for SharePoint 2016 are in the works (www.bloomberg.com)
12 days ago Microsoft

How UK Biobank, a government-backed cloud database of 1B+ medical images from 100,000+ participants, is fueling breakthroughs in AI-driven diagnostics (www.bloomberg.com)
12 days ago Database AI

Thoughts on the foldable iPhone's prospects ahead of next year's launch; sources: Apple will add a second, portrait-side front-facing camera to the M5 iPad Pro (www.bloomberg.com)
13 days ago iPhone Apple iPad

Acquihire deals like Google's Windsurf deal are a wake-up call for AI startup employees left behind, creating new uncertainty over leadership and compensation (www.bloomberg.com)
14 days ago Google Startup AI

Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups (www.bloomberg.com)
14 days ago China Startup

The European Commission accepts Corning's offer to end exclusivity terms in its supply contracts, ending an antitrust investigation opened in November 2024 (www.bloomberg.com)
14 days ago Europe

Peter Thiel-backed crypto exchange Bullish files for an IPO, plans to trade on the NYSE, and reports a net loss of ~$349M on digital asset sales of $80M in Q1 (www.bloomberg.com)
14 days ago IPO Asset

President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency” (www.bloomberg.com)
14 days ago Trump

BrightAI, an AI-powered service using custom chips and devices to monitor critical infrastructure, raised a $51M Series A, source says at a $300M valuation (www.bloomberg.com)
15 days ago AI

SEC Chairman Paul Atkins says the GENIUS Act is a “historic step” and the SEC is weighing an “innovation exemption” from regulations to incentivize tokenization (www.bloomberg.com)
15 days ago

Total crypto market value surpassed $4T for the first time, driven by altcoin rallies and US legislative momentum; Ether jumped 22% over the past five days (www.bloomberg.com)
15 days ago

Joel Kaplan says Meta won't sign EU's AI code of practice, calling its guidelines overreach that will throttle development and deployment of AI models in Europe (www.bloomberg.com)
15 days ago Europe AI

Sources: Meta hired two key AI researchers from Apple, Mark Lee and Tom Gunter, for its superintelligence lab, after poaching their former boss, Ruoming Pang (www.bloomberg.com)
15 days ago AI Apple

Swedish AI coding startup Lovable raised a $200M Series A led by Accel at a $1.8B valuation, making it Europe's newest unicorn (www.bloomberg.com)
16 days ago Europe Startup AI Sweden

Big Tech acquihiring AI startups, like Meta's Scale AI deal, gives VCs only modest returns compared to traditional exits and may entrench Big Tech's dominance (www.bloomberg.com)
16 days ago Startup AI

The Novo Nordisk Foundation and the Danish government plan to invest €80M to acquire and run a Microsoft-powered quantum computer, set to operate in early 2027 (www.bloomberg.com)
16 days ago Microsoft Quantum

Amazon's 2024 sustainability report says it emitted 68.25M metric tons of carbon dioxide equivalent, up 6% from 2023 and the first rise in three years (www.bloomberg.com)
16 days ago Amazon

TSMC reports Q2 net profit up ~60% YoY to ~$13.53B, beating estimates, and forecasts ~30% sales growth in USD terms in 2025, up from mid-20% previously (www.bloomberg.com)
16 days ago

Microsoft's Copilot struggles to make headway against other AI assistants; Sensor Tower: Copilot's mobile app has ~79M downloads vs. ChatGPT's 900M+ downloads (www.bloomberg.com)
16 days ago Microsoft Mobile AI Sensor

Google announces a Pixel event on August 20 in New York, with four new smartphones and a new watch expected (www.bloomberg.com)
17 days ago Google New York

Scale AI says it is laying off 200 full-time employees, or ~14% of its global workforce, and will stop working with 500 contractors, after Meta invested $14.3B (www.bloomberg.com)
17 days ago AI

Europol and Eurojust disrupt pro-Russian hacktivist group NoName057(16), which claimed responsibility for 1,000+ DDoS attacks since 2022, and arrest two people (www.bloomberg.com)
17 days ago Russia

Saudi startup Lucidya, which develops customer experience software, raised a $30M Series B led by Impact46, marking the largest AI funding round in the kingdom (www.bloomberg.com)
17 days ago Startup AI

HPE unveils several business changes, including forming a strategy committee and appointing a new board member, as it agrees to work with Elliott to boost value (www.bloomberg.com)
17 days ago

Sources: the US DOJ and CFTC ended a pair of investigations into crypto betting platform Polymarket that started under the Biden administration (www.bloomberg.com)
18 days ago CFTC

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