Articles from www.bloomberg.com

Articles from www.bloomberg.com

Texas Instruments says it is nearing recovery after sales fell for the eighth straight quarter in Q3 to $4.15B, down 8.4% YoY, and projects Q4 sales below est. (www.bloomberg.com)
2024-10-23 4Q Texas

In its first annual report, Walmart's PhonePe says FY 2024 revenue grew 74% YoY to ~$602M, net losses dropped 28% YoY to ~$237M, and 200M MAUs as of March 2024 (www.bloomberg.com)
2024-10-23 Walmart

Document: Arm is canceling a license that let Qualcomm use Arm's intellectual property to design chips, escalating the legal dispute between the companies (www.bloomberg.com)
2024-10-23

OpenAI hires Scott Schools, most recently the chief ethics and compliance officer at Uber, as its chief compliance officer (www.bloomberg.com)
2024-10-23 Uber

Source: Polymarket is making new checks to verify that users, especially big spenders, are not US-based; Fredi9999 has bet $18M+ on Republican outcomes so far (www.bloomberg.com)
2024-10-23 Republican

Sources: TechInsights took apart at least one of Huawei's latest AI chips and found an Ascend 910B made by TSMC, which says it stopped Huawei shipments in 2020 (www.bloomberg.com)
2024-10-23 AI

Document: Chinese startup Horizon Robotics, which makes autonomous driving software and hardware, raised $696M in a Hong Kong IPO, before its October 24 listing (www.bloomberg.com)
2024-10-22 China Hong Kong IPO Startup Robot

Sources: Tim Cook helped Nike secure Elliott Hill as CEO in September, and has carved out a role as one of Nike's closest outside advisers during a turnaround (www.bloomberg.com)
2024-10-22 Tim Cook

Zip, which uses AI to help businesses manage buying goods and services, raised $190M led by BOND at a $2.2B valuation, up from $1.5B in May 2023 (www.bloomberg.com)
2024-10-22 AI

Investigation: a Russian espionage and hacking campaign targeted Georgia for years and breached its Foreign Ministry, Finance Ministry, central bank, and more (www.bloomberg.com)
2024-10-21 Russia Central Bank

Tracxn: Indian health tech-related startups raised $3.7B since 2022, about half of the $7.4B raised in the sector across the Asia Pacific region (www.bloomberg.com)
2024-10-21 India Asia Startup

Sources: some at Apple think it is over two years behind the leaders in generative AI; a closer look at changes in Apple's HR and hardware engineering groups (www.bloomberg.com)
2024-10-21 AI Apple

In a letter, key US lawmakers urged Japan to strengthen restrictions on sales of chipmaking equipment to China or risk facing US curbs on Japanese companies (www.bloomberg.com)
2024-10-20 China Japan

Students, academics, and developers say AI writing detectors are most likely to falsely flag essays written in a more generic manner as written by AI tools (www.bloomberg.com)
2024-10-20 AI

Six months after bitcoin halving, some miners are keeping the Bitcoin they produce while an increasing number of companies are spending more on AI data centers (www.bloomberg.com)
2024-10-20 Bitcoin AI

DJI sues the US DOD for adding the drone maker to a list designating it as a Chinese military company, after failing to engage on the issue for over 16 months (www.bloomberg.com)
2024-10-19 China Drone

Netherlands unveils new rules requiring an export permit to sell quantum computers, quantum measurement equipment and chipmaking tech, and more outside the EU (www.bloomberg.com)
2024-10-19 Netherlands Quantum

Verizon will buy some of US Cellular's spectrum licenses for $1B, contingent on closing a deal announced in May to sell some US Cellular assets to T-Mobile (www.bloomberg.com)
2024-10-19 Mobile Asset

Sources: the EU warns X that it may calculate fines against X by including Elon Musk's other companies' revenue; the DSA can fine 6% of global annual revenue (www.bloomberg.com)
2024-10-17 Elon Musk

An interview with Uber CEO Dara Khosrowshahi on autonomous cars, lobbying regulators to get more EVs on the road, flying taxis, climate goals, and more (www.bloomberg.com)
2024-10-17 Uber Interview Climate Autonomous Car

TSMC reports Q3 revenue up 39% YoY to ~$23.6B and net income up 54.2% YoY to ~$10.1B, both above estimates, boosted by strong sales of Nvidia AI chips (www.bloomberg.com)
2024-10-17 AI Nvidia

Boston Dynamics and Toyota Research Institute partner to speed up development of humanoid robots using TRI's large behavior models and Boston Dynamics' Atlas (www.bloomberg.com)
2024-10-17 Robot Toyota Boston Dynamics

Apple's chief people officer, Carol Surface, is leaving after joining in early 2023; retail chief Deirdre O'Brien is reassuming oversight of human resources (www.bloomberg.com)
2024-10-17 Retail Apple

Instacart names Anirban Kundu, head of engineering for Uber's delivery business, as its new CTO, a position that has been vacant for eight months (www.bloomberg.com)
2024-10-17 Uber

ASML CEO Christophe Fouquet says he expects a slow chip market recovery to extend “well into 2025” due to “customer cautiousness”, as the US' China rules bite (www.bloomberg.com)
2024-10-17 China

Lightmatter, which uses silicon photonics with waveguides instead of wires in chips, raised a $400M Series D led by T. Rowe Price at a $4.4B valuation (www.bloomberg.com)
2024-10-17

Airbnb launches the Co-Host Network to help homeowners hire fellow hosts to manage their rentals in the US, the UK, Canada, France, Spain, and Brazil (www.bloomberg.com)
2024-10-17 France Airbnb Canada Spain Brazil

A profile of Neuralink's top neurosurgeon Matthew MacDougall, who has worked there for seven years and is an even-keeled, affable counterbalance to Elon Musk (www.bloomberg.com)
2024-10-16 Elon Musk

ASML's stock falls the most since 1998 after projecting sluggish sales, erasing €50B from its market cap and causing Nvidia and other chip stocks to fall (www.bloomberg.com)
2024-10-16 Nvidia

Filing: US prosecutors ask a judge to sentence Ilya Lichtenstein, mastermind of the 2016 Bitfinex hack, to five years in prison; sentencing is due in November (www.bloomberg.com)
2024-10-16

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