Articles from www.bloomberg.com

Articles from www.bloomberg.com

SEC filing: Cerebras upsizes its IPO to 30M shares at $150-$160 each, up from 28M shares at $115-$125, aiming to raise up to $4.8B at an up to $34.4B valuation (www.bloomberg.com)
15 days ago IPO

Filing: Wise plans to debut on the Nasdaq as WSE, and relist in London for its secondary listing; Wise reports year-to-March net revenue up 19% YoY to $2.5B (www.bloomberg.com)
15 days ago London

Turkish mobile gaming startup Grand Games raised a $70M Series B led by Balderton Capital, after raising $30M in 2025, taking its total funding to $103M (www.bloomberg.com)
15 days ago Mobile Startup

SoftBank partners with South Korea's Cosmos Lab and DeltaX to mass produce next-gen data center batteries in Japan at the scale of one GWh per year in FY 2027 (www.bloomberg.com)
15 days ago Japan Korea

Sources: Digital Asset, which builds Canton Network, a public blockchain with privacy features, is raising a ~$300M round led by a16z crypto at a ~$2B valuation (www.bloomberg.com)
16 days ago Blockchain Asset

Microsoft and G42's $1B geothermal-powered data center in Kenya stalls after the government couldn't provide annual payment guarantees that Microsoft requested (www.bloomberg.com)
16 days ago Microsoft

Sources: Apple is working on a “slight redesign” for macOS 27 to address Liquid Glass issues, plans a feature to automatically group Safari tabs in “27” OSes (www.bloomberg.com)
16 days ago Apple

Experian says 40% of the 5,000 data breaches it serviced in 2025 were AI-powered, and predicts agentic AI will be the leading cause of data breaches in 2026 (www.bloomberg.com)
16 days ago AI

NetBlocks: Iran's 70+ day internet blackout is “the longest recorded national internet shutdown in a connected society”, as businesses warn of layoffs, closures (www.bloomberg.com)
16 days ago Layoffs Iran

How SpaceMob, an online community of ~50,000, has fueled a meme-stock-like rally in satellite networking company AST, which is up ~6,000% over a 22-month period (www.bloomberg.com)
17 days ago

Honeywell's Quantinuum files for a US IPO, reporting a $136.6M net loss on revenue of $5.2M for the three months ended March 31; sources: it could raise $1.5B+ (www.bloomberg.com)
17 days ago IPO Honeywell

Sources: WH is preparing to order US agencies to partner with AI companies on cybersecurity; the EO wouldn't require pre-release model testing by the government (www.bloomberg.com)
17 days ago AI

Nintendo says it will increase the price of the Switch 2 globally on September 1, from $450 to $500 in the US, and the price of the original Switch in Japan (www.bloomberg.com)
18 days ago Japan Nintendo

Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips (www.bloomberg.com)
18 days ago AI

Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available (www.bloomberg.com)
18 days ago IPO

Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital (www.bloomberg.com)
18 days ago Google AI

Akamai says it struck a seven-year cloud computing deal with a “leading frontier model provider”; sources: the deal was with Anthropic and is worth $1.8B (www.bloomberg.com)
18 days ago

Interviews with Intel CEO Lip-Bu Tan and other execs about the challenges of a turnaround, along with efforts to instill a sense of urgency in the organization (www.bloomberg.com)
18 days ago Intel

OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B (www.bloomberg.com)
18 days ago

Sources: Apple plans to let iOS 27, iPadOS 27, and macOS 27 users choose from third-party AI models to perform tasks like generating and editing text and images (www.bloomberg.com)
18 days ago IOS AI Apple

Filing: Lime files for an IPO, reporting 2025 revenue of $886.7M, up from $686.6M YoY, and a net loss of $59.3M, up from $33.9M; it was valued at $510M in 2020 (www.bloomberg.com)
18 days ago IPO

Sony and TSMC announce a new JV to build next-gen image sensors for robots and cars, as Sony moves from in-house manufacturing to a more asset-light approach (www.bloomberg.com)
18 days ago Robot Manufacturing Sony Asset

Sources: the US suspects OBON, a key company behind Thailand's national AI effort, of smuggling Super Micro servers with export-controlled Nvidia chips to China (www.bloomberg.com)
18 days ago China Thailand AI Nvidia

Nintendo said it would increase the price of the Switch 2 to $500, up from $450, globally from September 1, and offered a downbeat performance outlook for 2026 (www.bloomberg.com)
18 days ago Nintendo

Filings: Baidu's AI chip unit Kunlunxin is planning a dual IPO on Shanghai's STAR Board and in Hong Kong; Baidu holds a 58% stake in Kunlunxin (www.bloomberg.com)
18 days ago Hong Kong IPO AI Shanghai

A US judge blocks DOGE's termination of $100M in National Endowment for the Humanities grants, saying ChatGPT prompts used to decide the cuts were ill-defined (www.bloomberg.com)
18 days ago

MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours (www.bloomberg.com)
18 days ago

Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours (www.bloomberg.com)
18 days ago

Cloudflare reports Q1 revenue up 34% YoY to $639.8M, plans to cut 1,100+ jobs as it shifts to an “agentic AI-first operating model”; NET drops 13%+ after hours (www.bloomberg.com)
19 days ago AI

Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video (www.bloomberg.com)
19 days ago

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