Articles from www.bloomberg.com

Articles from www.bloomberg.com

Arm reports Q2 revenue up 5% YoY to $844M, vs. $810.9M est., royalty revenue up 23% to $514M, and forecasts Q3 revenue below estimates (www.bloomberg.com)
2024-11-7

Sources: Saudi Arabia plans a new AI project to rival the UAE's tech hub, backed by $50B to $100B to invest in data centers, startups, new talent, and more (www.bloomberg.com)
2024-11-7 Startup AI Arabia Saudi Arabia

The EU Commission opens an antitrust investigation into smartphone glass maker Corning over allegedly abusing its market dominance to squeeze out rivals (www.bloomberg.com)
2024-11-6

Trump Media & Technology Group's stock jumps 30%+ in pre-market trading, hitting a $7B+ market cap, as Trump beats Kamala Harris; TSLA rises 13%+ pre-market (www.bloomberg.com)
2024-11-6 Trump

Nvidia closed up 2.9% at $139.93, hitting a $3.43T market cap and surpassing Apple at $3.38T and Microsoft at $3.06T; NVDA is up 850% since the end of 2022 (www.bloomberg.com)
2024-11-6 Microsoft Apple Nvidia

Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours (www.bloomberg.com)
2024-11-6 Retail

Sources: EU regulators are preparing to impose a fine on Apple, under the DMA, after it failed to let developers steer users to offers outside of the App Store (www.bloomberg.com)
2024-11-6 Apple

Polymarket confirms paying US-based influencers, including large Instagram meme accounts, to promote election betting despite being banned in the US (www.bloomberg.com)
2024-11-5 Instagram

The UK CMA says it would approve the £15B Vodafone-Three merger if they commit to investing £11B to upgrade the UK's network, ahead of a December 7 decision (www.bloomberg.com)
2024-11-5

Google, Temasek, and Bain: online spending in Southeast Asia will reach $263B in 2024, up 15% YoY, the lowest growth rate since at least 2017, amid inflation (www.bloomberg.com)
2024-11-5 Google Asia Southeast Asia

Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and July of up to 165 Snowflake customers including AT&T (www.bloomberg.com)
2024-11-5 Canada AT&T

Sources: OpenAI is in early talks with the California AG's office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG (www.bloomberg.com)
2024-11-5 California

Sources: Apple is exploring a push into smart glasses with Atlas, an internal study of products currently on the market, led by its Product Systems Quality team (www.bloomberg.com)
2024-11-5 Apple

The US NLRB alleges Grindr illegally imposed a return-to-office policy last year forcing out ~80 of its 178 staffers in an attempt to thwart a unionization push (www.bloomberg.com)
2024-11-5

Meta plans to use its AI-based “adult classifier” tool to identify young Instagram users who are lying about their age and automatically switch privacy settings (www.bloomberg.com)
2024-11-5 AI Instagram

Sources: iOS 18.2 may arrive during the week of December 2; thoughts on the Mac mini as a gaming device, the Pixelmator deal, Q4 earnings, and Peloton's new CEO (www.bloomberg.com)
2024-11-4 IOS 4Q

A Chainalysis study based on digital wallet use data from January 1, 2024 to October 8, 2024 suggests Tether's USDT has gained traction in EMEA time zones (www.bloomberg.com)
2024-11-3

Bitcoin's 2024 price rally masks a bleaker picture in the wider crypto market, with crypto VC investment remaining a far way off the 2021 bull market and more (www.bloomberg.com)
2024-11-2 Bitcoin

A judge rules Parag Agrawal and other former Twitter executives can proceed with claims that Elon Musk cheated them out of severance pay by terminating them (www.bloomberg.com)
2024-11-2 Twitter Elon Musk

Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, after Amazon replaced Walgreens in February; Intel joined the index in 1999 (www.bloomberg.com)
2024-11-2 Amazon Intel Dow Jones Nvidia

A profile of YC Head of Public Policy Luther Lowe, who led a California pressure campaign against AI safety bill SB 1047 and aims to fight for “little tech” (www.bloomberg.com)
2024-11-2 AI California

The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024 as companies accelerate spending chasing AI (www.bloomberg.com)
2024-11-1 Amazon Microsoft AI Alphabet

Istanbul-based Insider, which offers AI-powered marketing and customer engagement tools, raised a $500M Series E led by General Atlantic, plans a US expansion (www.bloomberg.com)
2024-11-1 AI

Ex-Lacework CEO and Facebook's former global head of engineering Jay Parikh joins Microsoft's senior leadership team and will report directly to Satya Nadella (www.bloomberg.com)
2024-11-1 Microsoft Facebook

Sources: Waymo was valued at more than $45B, after it raised $5.6B last week, led by Alphabet (www.bloomberg.com)
2024-11-1 Alphabet

OpenAI unveils ChatGPT Search to let paid users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google (www.bloomberg.com)
2024-11-1 Google

A profile of Pepijn Van der Stap, a Dutch cyber prodigy who stole thousands of companies' data while also doing legitimate cybersecurity and is now in prison (www.bloomberg.com)
2024-11-1 Netherlands

Roblox reports Q3 revenue up 29% YoY to $919M, bookings up 34% YoY to $1.1B, above $1B est., and DAUs up 27% YoY to 88.9M; RBLX jumps 20%+ pre-market (www.bloomberg.com)
2024-11-1

Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield (www.bloomberg.com)
2024-10-31

Peloton names Ford executive Peter Stern as CEO, starting January 1, to lead its turnaround, and projects Q2 subscriber numbers below analyst estimates (www.bloomberg.com)
2024-10-31 Ford

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