Articles from www.bloomberg.com

Articles from www.bloomberg.com

Microsoft and the CWA reach a tentative contract agreement for ~300 ZeniMax QA workers after two years of talks, marking Microsoft's first US union contract (www.bloomberg.com)
16 days ago Microsoft

Grow a Garden, a hit game on Roblox, has spawned a market where in-game items are sold for real money on sites like eBay, potentially violating Roblox's ToS (www.bloomberg.com)
16 days ago eBay

Sources: TikTok Shop cuts several hundred jobs in Indonesia, leaving Tokopedia and TikTok Shop with ~2,500 employees in the country, down from ~5,000 last year (www.bloomberg.com)
17 days ago Indonesia

Docs and sources: Builder.ai faked business with Bengaluru-based VerSe, which runs the Dailyhunt news app, by “round-tripping” sales worth ~$60M from 2021-2024 (www.bloomberg.com)
17 days ago AI

Vista Equity Partners agrees to acquire ERP software provider Acumatica from PE firm EQT, sources say in a deal that values Acumatica at ~$2B including debt (www.bloomberg.com)
17 days ago Equity ERP

Sources: Elon Musk is pushing lawmakers to help clear a path for driverless vehicles and has been weighing in on revisions of a bill on autonomous vehicles (www.bloomberg.com)
17 days ago Elon Musk Autonomous Car

Sources: Abridge, which uses AI to transcribe medical chats, is raising $300M led by a16z at a $5.3B valuation, up from $2.75B in February when it raised $250M (www.bloomberg.com)
17 days ago AI

Sources: Trump administration plans to expand Entity List restrictions to cover subsidiaries of Chinese companies, aiming to block workarounds via new offshoots (www.bloomberg.com)
17 days ago Trump China

Sources: TSMC is evaluating building a “gigafab” in the UAE and has discussed the possibility with MGX and officials in the Trump administration (www.bloomberg.com)
17 days ago Trump

Meta's Anduril deal shows how much has changed in the past couple of years in Silicon Valley, where developing war tech was once considered a hard red line (www.bloomberg.com)
17 days ago

ClickHouse, which offers an OLAP database management system, raised $350M led by Khosla, a source says at a $6.35B valuation; it is nearing an ARR of $100M (www.bloomberg.com)
18 days ago Database

DeepSeek says its R1 update can perform mathematics, programming, and general logic better than the previous version, and comes close to o3 and Gemini 2.5 Pro (www.bloomberg.com)
18 days ago Mathematics programming

Beijing-based Kuaishou updates its Kling video-generation tool to cut the cost and time to create clips, and says it can generate 1080p videos in under a minute (www.bloomberg.com)
18 days ago

Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become “quite formidable” (www.bloomberg.com)
19 days ago China AI Nvidia

Source: Victoria's Secret stops some office operations and tells staff to avoid using its tech amid a “security incident” that also disrupted its website (www.bloomberg.com)
19 days ago

A profile of FPT, Vietnam's largest listed tech company, which is playing a crucial role in the country's ambition to compete with regional rivals in AI (www.bloomberg.com)
19 days ago AI Vietnam

A look at YouTube's changes to become viewers' preferred TV service and to appeal more to advertisers, and at creators' push into sitcoms, like Alan's Universe (www.bloomberg.com)
19 days ago YouTube

Source: Tesla is poised to begin its long-awaited robotaxi service in Austin on June 12 (www.bloomberg.com)
19 days ago Tesla

India asks e-commerce platforms and retailers to remove “dark patterns” or deceptive actions that manipulate customers into making unintended purchases (www.bloomberg.com)
19 days ago India

Sources: Apple's next operating systems will be called iOS 26, macOS 26, watchOS 26, and more, as it plans a rebrand with numbers based on the upcoming year (www.bloomberg.com)
19 days ago IOS Apple

Anthropic appoints Netflix co-founder and Chairman Reed Hastings to its board of directors, as the company balances growth with its stated focus on safety (www.bloomberg.com)
19 days ago Netflix

Bell Canada plans to invest hundreds of millions to build data centers in six Canadian cities; the first, set to launch in June, has Groq as an anchor tenant (www.bloomberg.com)
19 days ago Canada

DeepSeek completes a “minor trial upgrade” to R1 and says users can now start testing it, according to its post in an official WeChat group (www.bloomberg.com)
19 days ago WeChat

A look at Sea-Lion, a $52M Singapore government-backed AI initiative developing LLMs attuned to the societal and cultural nuances of the Southeast Asian region (www.bloomberg.com)
20 days ago AI Singapore Southeast Asia

A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY (www.bloomberg.com)
20 days ago

Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range (www.bloomberg.com)
20 days ago IPO

Sources: Apple plans a dedicated app for video games to replace Game Center and come preinstalled on iPhone, iPad, Mac, and Apple TV devices later this year (www.bloomberg.com)
20 days ago iPhone Apple iPad

Texas enacts an online child-safety bill requiring app stores verify users' ages and secure parental approval before minors can get most apps or make IAPs (www.bloomberg.com)
20 days ago Texas

A Qualcomm-funded report says Android phones with Qualcomm modems priced similarly to the iPhone 16e with a C1 modem downloaded 5G data up to 35% faster in NYC (www.bloomberg.com)
20 days ago Android iPhone 5G

Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model (www.bloomberg.com)
20 days ago Trump Bitcoin

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