Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Binance and Circle partner to promote USDC; Binance plans to list more crypto trading pairs denominated in USDC and hold USDC for its own corporate treasury (www.bloomberg.com)
2024-12-12

Adobe reports Q4 revenue up 11% YoY to $5.61B, vs. $5.54B est., Digital Media revenue up 12%, forecasts FY 2025 revenue below est.; ADBE drops 8%+ after hours (www.bloomberg.com)
2024-12-12 Adobe 4Q

Ayar Labs, which develops optical interconnects, raised a $155M Series D from Advent Global, Light Street, Nvidia, AMD, Intel, and others at a $1B+ valuation (www.bloomberg.com)
2024-12-12 Intel Nvidia AMD

Google releases its new flagship model Gemini 2.0 and plans to test it in search and AI overviews, saying 2.0 makes “it possible to build agents that can think” (www.bloomberg.com)
2024-12-12 Google AI

SCOTUS dismisses Nvidia's appeal over facing a lawsuit alleging it mislead shareholders about its reliance on crypto mining revenue, leaving it to face the suit (www.bloomberg.com)
2024-12-12 Nvidia

TechInsights: Huawei's new Mate 70 Pro Plus uses the same 7nm Kirin 9020 chip produced by SMIC as 2023's Mate 60 Pro, contradicting rumors of a 5nm chip (www.bloomberg.com)
2024-12-12

How Tencent's MoreFun Studios, on the verge of collapse a decade ago, is fueling the company's ambitions to create “evergreen” global gaming franchises (www.bloomberg.com)
2024-12-11 Tencent

German online fashion retailer Zalando agrees to buy About You, a smaller rival, for ~€1.2B, or €6.50 per share, a ~67% premium on December 10's closing price (www.bloomberg.com)
2024-12-11 Germany

TikTok is offering users hundreds of dollars in Shop credits to spend time in the app, invite friends to join, and purchase products, ahead of a possible US ban (www.bloomberg.com)
2024-12-11 Ban

Google's top lobbyist Mark Isakowitz departs to become GOP Senator-elect Dave McCormick's chief of staff, leaving a power vacuum in the company's lobbying team (www.bloomberg.com)
2024-12-11 Google Republican

Amazon plans to test a 15-minute delivery service for items ranging from grocery to household goods in India this month, starting with some areas in Bengaluru (www.bloomberg.com)
2024-12-11 India Amazon

GM says Cruise will exit the robotaxi business, and Cruise and GM's technical teams will be combined to focus on autonomous tech for upcoming GM vehicles (www.bloomberg.com)
2024-12-11

Sources: 2025's Apple Watch Ultra is slated to get satellite connectivity for off-the-grid text messages, and it may also get a blood pressure sensing feature (www.bloomberg.com)
2024-12-11 Apple

AI language learning startup Speak, which focuses on speaking, not gamification, raised $78M led by Accel at a $1B valuation, taking its total funding to $162M (www.bloomberg.com)
2024-12-11 Startup AI

TikTok launches TikTok Shop in Spain, letting creators sell products from beauty to home appliances, the first step of the feature's European rollout (www.bloomberg.com)
2024-12-10 Europe Spain

TeamViewer says it plans to buy 1E, which makes automated remediation software, from Carlyle for $720M, closing in early 2025, its biggest ever acquisition (www.bloomberg.com)
2024-12-10

Microsoft unveils a new data center design that aims to use zero water, down from the 125M litres per year a typical center uses, rolling out since August 2024 (www.bloomberg.com)
2024-12-10 Microsoft

A growing cohort of AI startups are recruiting scores of experts to train models on highly specialized tasks for sensitive sectors like defense and health care (www.bloomberg.com)
2024-12-10 Startup AI

Filing: TikTok asks a US court to put on hold a law forcing a sale or ban of the app until SCOTUS can review it and the Trump admin can decide its position (www.bloomberg.com)
2024-12-10 Trump Ban

WaveForms, which aims to create AI assistants that pick up on emotional cues from verbal interactions, raised a $40M seed from a16z at a $200M valuation (www.bloomberg.com)
2024-12-10 AI

A look at Grand Theft Auto VI, set for release in 2025 after Rockstar started development in 2018, as Rockstar tries to improve its culture after the 2022 hack (www.bloomberg.com)
2024-12-10

Russian documents and sources detail how Putin's forces have been able to keep buying US chips, including $6M from Texas Instruments, via a Russian distributor (www.bloomberg.com)
2024-12-9 Russia Texas

Chinese state media: the State Administration for Market Regulation opened an investigation into Nvidia over allegedly breaking anti-monopoly laws (www.bloomberg.com)
2024-12-9 China Nvidia

A look at Trump's potential collision course with the EU over its Big Tech crackdown: the EU targeting Elon Musk and X, Apple's and Meta's fines, and more (www.bloomberg.com)
2024-12-9 Trump Apple Elon Musk

Researchers: Meta let 25 Facebook Pages run 4K+ ads attacking Romania's pro-EU candidate and promoting far-right figures, hitting 199M+ views since August 2024 (www.bloomberg.com)
2024-12-9 Facebook Far-right Romania

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