Articles from www.bloomberg.com

Articles from www.bloomberg.com

Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (www.bloomberg.com)
12 days ago Xiaomi

Alibaba's Alipay launches a new “all-in-one” platform for businesses to use AI agents to automate tasks; Alibaba's stock jumps 5%+ and is up 40%+ since June (www.bloomberg.com)
12 days ago Alibaba AI Alipay

Sources: China orders some state-linked entities to uninstall a government-tailored version of Windows 10, ahead of its February 2027 retirement timeline (www.bloomberg.com)
12 days ago China

Baidu reports Q2 revenue down 2% YoY to ~$4.62B, below ~$4.69B est. and its fifth straight quarterly decline, and net income of ~$341M, as it lags AI rivals (www.bloomberg.com)
12 days ago AI

Sources: Stripe has finalized a deal to acquire AI model marketplace OpenRouter for $7B+; founded in 2023, OpenRouter reportedly had a $1.3B valuation in May (www.bloomberg.com)
12 days ago AI

Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 (www.bloomberg.com)
12 days ago

Sources: the US DOJ has been investigating a16z for nearly a year over whether its partners are improperly serving on the boards of competing AI companies (www.bloomberg.com)
12 days ago AI

Filing: Nvidia agrees to spend up to $105B to support SB Energy's new data center campus in Ohio set to be leased by OpenAI; Nvidia invests $1.5B in SB Energy (www.bloomberg.com)
13 days ago Energy Nvidia

Groq raised $350M led by Disruptive at a $3.5B valuation, down from $6.9B in September 2025 before Nvidia struck a licensing deal and hired much of its talent (www.bloomberg.com)
13 days ago Nvidia

French PM Lecornu will hold a crisis meeting Monday over a June-July cyberattack on France's tax agency that compromised 678K individual and business accounts (www.bloomberg.com)
13 days ago France Tax

Sources: Stripe has finalized a deal to acquire AI model marketplace OpenRouter for more than $7B; OpenRouter was valued at $1.3B in May (www.bloomberg.com)
13 days ago AI

Chinese citizens are more optimistic about AI than Americans because AI is seen as a practical tool in China that disrupts a smaller share of its population (www.bloomberg.com)
14 days ago China U.S. AI

Alibaba's open-weight models have accumulated 3B+ global downloads in the past six months; Hugging Face: Google had 418M downloads while Meta had 227M in 2026 (www.bloomberg.com)
15 days ago Google Alibaba

SpaceX closes its $60B acquisition of Cursor, two months after SpaceX formally announced it had agreed to acquire the startup (www.bloomberg.com)
15 days ago Startup SpaceX

Filing: Nvidia has a nearly $21B stake in SpaceX and a $30B stake in Intel; Nvidia invested as much as $2B in xAI in 2025 and $5B in Intel (www.bloomberg.com)
15 days ago Intel Nvidia SpaceX

Docs: Anthropic told investors it generated $11.5B+ in revenue, with positive adjusted operating income, in Q2, up from $787M in Q2 2025 and $4.73B in Q1 2026 (www.bloomberg.com)
15 days ago

Amazon adds a clause in its user agreement that seeks to prevent shoppers from filing class-action lawsuits against it, after removing a similar clause in 2021 (www.bloomberg.com)
15 days ago Amazon

Investor letter: Thrive's 2022 early-stage $516M fund that invested in OpenAI and SpaceX was worth $3.7B+ as of the end of June, net of fees and other charges (www.bloomberg.com)
15 days ago SpaceX

DeepSeek raises V4 model prices, adding dynamic pricing from August 16; V4-Flash output tokens go from $0.28/1M to $1.32 during peak hours and $0.66 in off-peak (www.bloomberg.com)
15 days ago

Sources: stablecoin payments company RedotPay delays plans for a US IPO to 2027 or later, as it seeks regulatory approvals and deals with legal issues (www.bloomberg.com)
16 days ago IPO

Sources: Alibaba is nearing a deal to sell its Lingxi Games to PE firm Trustar Capital at a potential $1.5B+ valuation, as Alibaba continues its reorganization (www.bloomberg.com)
16 days ago Alibaba

Pony AI plans to deploy 2K+ robotaxis across Europe in partnership with Uber and add four more European cities, after Zagreb, with a later Middle East expansion (www.bloomberg.com)
16 days ago Europe Uber AI

A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws (www.bloomberg.com)
16 days ago

Sources: OpenAI is on track to generate annualized revenue of $40B+ based on its current performance, roughly doubling its run rate from the end of 2025 (www.bloomberg.com)
16 days ago

US-based robot vacuum maker Matic rolls out a firmware update that lets users control its $1,245 vacuum with voice commands in more than 70 languages (www.bloomberg.com)
16 days ago Robot

OpenAI hires Dali Rajic, COO of Alphabet's Wiz, as chief revenue officer, replacing ex-Slack CEO Denise Dresser, who was hired in December 2025 and will leave (www.bloomberg.com)
16 days ago Alphabet Slack

Sources: AMD plans to raise as much as $5B in what could be the chipmaker's biggest-ever investment-grade bond sale, as it ramps up spending to meet AI demand (www.bloomberg.com)
16 days ago AI AMD

HPE secures court approval for its settlement with the US DOJ over its takeover of networking company Juniper, defeating a challenge by Democratic state AGs (www.bloomberg.com)
16 days ago

DeepSeek raises prices, adding dynamic pricing, ahead of a potential IPO; V4-Flash output tokens go from $0.28/1M to $1.32 during peak hours and $0.66 off-peak (www.bloomberg.com)
16 days ago IPO

CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's ~$510B; CXMT's Shanghai shares jumped 460%+ at IPO (www.bloomberg.com)
17 days ago China IPO Tencent Shanghai

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