Articles from www.bloomberg.com

Articles from www.bloomberg.com

SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers (www.bloomberg.com)
2024-12-18 AI Quantum

Analysis: as uncertainty looms over Japan's China-dependent chipmaking stocks, Sony, Nintendo, and Capcom have seen double-digit returns since Trump's victory (www.bloomberg.com)
2024-12-18 Trump China Japan Nintendo Sony

Parafin, a startup run by ex-Robinhood staff offering spend management and savings tools as well as loan products, raised a $100 Series C at a $750M valuation (www.bloomberg.com)
2024-12-18 Startup

Grammarly buys productivity startup Coda, set to close in January, and names Coda co-founder and CEO Shishir Mehrotra as CEO; Coda had a $1.4B valuation in 2021 (www.bloomberg.com)
2024-12-18 Startup

Taiwanese silicon wafer maker GlobalWafers finalizes $406M in CHIPS Act funding, part of a plan to invest nearly $4B to help build plants in Texas and Missouri (www.bloomberg.com)
2024-12-17 Taiwan Texas

After Trump's win, a look at what the crypto industry could do next, including weakening financial rules that might protect consumers from the next crypto crash (www.bloomberg.com)
2024-12-17 Trump

Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss (www.bloomberg.com)
2024-12-17 Alibaba

Beijing-based AI startup Zhipu, which aims to make services tailored to the China market, raised $412M, after raising $400M at a ~$3B valuation in May 2024 (www.bloomberg.com)
2024-12-17 China Startup AI

Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation (www.bloomberg.com)
2024-12-17 Africa Philippines Brazil South Africa

After probing an open-and-shut SEC violation for two years, it's nearly too late for the SEC to do anything over how Musk acquired Twitter before Trump moves in (www.bloomberg.com)
2024-12-17 Trump Twitter

OpenAI makes ChatGPT Search available to all logged in users, not just subscribers, and says ChatGPT Search can be set as their browser's default search engine (www.bloomberg.com)
2024-12-17 Browser

Fastmarkets: the price of gallium, a metal used to make chips, rose to $595 per kilogram on December 13, the highest since 2011, after China restricted exports (www.bloomberg.com)
2024-12-16 China

The UK's Ofcom says the Online Safety Act, passed in 2023 to govern illegal material on internet platforms, has taken effect, and plans to expand it in 2025 (www.bloomberg.com)
2024-12-16

How some companies are using AI agents: McKinsey for client onboarding, insurer Nsure to handle customer requests, and Accenture to support its marketing team (www.bloomberg.com)
2024-12-16 AI

TikTok critics like Marco Rubio and Brendan Carr are set to occupy senior roles in the Trump administration, highlighting Trump's murky stance about the app (www.bloomberg.com)
2024-12-16 Trump

Sources: Apple is working on a foldable device the size of two iPad Pros for 2028, a Magic Mouse revamp, and an AirTag with triple the range of the current one (www.bloomberg.com)
2024-12-16 Apple iPad

Tinder warns of declining to flat direct revenue through 2026, below estimates, and says it plans to prioritize improving its user experience over monetization (www.bloomberg.com)
2024-12-14

Sources: ServiceTitan's IPO brought big windfalls for early investors, including returns of $1B+ for Iconiq Growth and $800M+ for Bessemer Venture Partners (www.bloomberg.com)
2024-12-14 IPO

Sources: Walmart is leading a funding round of $300M+ alongside Ribbit for Walmart's fintech venture, One, giving it a pre-money valuation of $2.5B (www.bloomberg.com)
2024-12-14 Fintech Walmart

Klarna CEO Sebastian Siemiatkowski says Klarna's investment in AI let it stop hiring a year ago and its headcount fell 22% to 3,500, mostly due to attrition (www.bloomberg.com)
2024-12-14 AI

Liquid, which is building “liquid foundation models” inspired by the architecture of worm brains, raised a $250M Series A led by AMD at a $2.3B valuation (www.bloomberg.com)
2024-12-14 AMD

Liquid AI, which is building AI systems powered by liquid neural networks, raised a $250M Series A led by AMD at a $2.3B valuation, following a $46.6M seed (www.bloomberg.com)
2024-12-14 AI AMD

Sources: Apple will begin producing AirPods in India for the first time around Q1, 2025; a Foxconn unit is already making AirPods on a trial basis in Hyderabad (www.bloomberg.com)
2024-12-13 India Apple

Sources: Apple plans to roll out its own Wi-Fi and Bluetooth chip as part of Apple TV and HomePod mini updates in 2025, and in iPhones later in the year (www.bloomberg.com)
2024-12-13 Apple

Hands-on with Samsung's Project Moohan: feels lighter than the Vision Pro, Android XR is highly reminiscent of visionOS, Gemini is the killer app, and more (www.bloomberg.com)
2024-12-13 Android Samsung

Amazon delayed the deployment of Microsoft 365 for its 1.5M employees for a year to resolve security concerns about Microsoft's Midnight Blizzard hack (www.bloomberg.com)
2024-12-13 Amazon Microsoft

Sources: Xiaohongshu, the Instagram-style app popular with younger Chinese users, tells investors it will cross $1B in 2024 profit ahead of a potential IPO (www.bloomberg.com)
2024-12-12 China IPO Instagram

Former Cognizant employees detail how it favored Indian H-1B workers over US staff; internal data from 2013 to 2020: ~66% of US-based employees were from India (www.bloomberg.com)
2024-12-12 India H1B

The US CSRB starts probing the Salt Typhoon hack; CISA says the CSRB's report could come as early as next spring and wouldn't be disrupted by the transition (www.bloomberg.com)
2024-12-12

Sources: Nvidia added ~200 staff to its self-driving R&D team in Beijing and will end the year with ~4,000 staff in China, up from ~3,000 at the start of 2024 (www.bloomberg.com)
2024-12-12 China Nvidia

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