Articles from www.bloomberg.com

Articles from www.bloomberg.com

Digital physical therapy provider Hinge Health raised $437M in its US IPO, after the company and its backers sold 13.7M shares at $32 each, the top of its range (www.bloomberg.com)
26 days ago IPO

Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+ after hours (www.bloomberg.com)
26 days ago

OpenAI is buying io, Jony Ive's secretive AI startup, for ~$6.5B in stock; Ive and LoveFrom will remain independent but take over design for all of OpenAI (www.bloomberg.com)
27 days ago Startup AI

Sources and docs: a “major lapse” at Thoma Bravo's Opexus, which helps US agencies manage investigations and FOIA, let two convicted hackers delete databases (www.bloomberg.com)
27 days ago

AI model ranking project LMArena spins off from UC Berkeley and raises a $100M seed led by a16z and UC Investments, sources say at a $600M valuation (www.bloomberg.com)
27 days ago AI

Singapore-based business banking and payments startup Airwallex raised $150M at a $6.2B valuation, up from $5.6B in October 2022, and debuts a $150M share sale (www.bloomberg.com)
27 days ago Startup Singapore

China threatens legal action against anyone enforcing US restrictions on Huawei chips, escalating the US-China tech dispute as the two countries hold meetings (www.bloomberg.com)
27 days ago China

Baidu reports Q1 revenue up 3% YoY to ~$4.5B, above ~$4.3B est., and a ~$1B net profit, as the Chinese search giant fends off intensifying competition in AI (www.bloomberg.com)
27 days ago China AI

Amazon issues refunds for purchases as far back as 2018; CFO Brian Olsavsky said on May 1 that Amazon took a ~$1B charge over “some historical customer returns” (www.bloomberg.com)
27 days ago Amazon

Abu Dhabi's TII releases Falcon Arabic, an AI model that it claims can match the performance of models up to 10 times its size, and smaller model Falcon H1 (www.bloomberg.com)
27 days ago AI

Kalshi withdrew announcements about a collaboration with xAI just hours after CEO Tarek Mansour said the deal would “further take prediction markets mainstream” (www.bloomberg.com)
27 days ago

The Argentine government dismantles a body created three months ago to investigate the Libra cryptocurrency scandal involving President Milei and his sister (www.bloomberg.com)
27 days ago Cryptocurrency

Take-Two plans to sell $1B of new stock to investors and use the proceeds for general corporate purposes, including repayment of debt and future acquisitions (www.bloomberg.com)
27 days ago

Xreal unveils Project Aura, expected to be the first Android XR glasses, powered by a separate puck with a Qualcomm chip, slated to launch by early 2026 (www.bloomberg.com)
27 days ago Android

DoorDash ended its AI-powered voice ordering product for restaurant clients in April 2025, after launching it in August 2023 (www.bloomberg.com)
28 days ago AI

Sources: Apple plans to unveil at WWDC an SDK and related frameworks to let third-party devs build AI features based on LLMs it uses for Apple Intelligence (www.bloomberg.com)
28 days ago AI Apple Intelligence

Inside the first Stargate AI data center, in Abilene, Texas: thousands working to build eight near-identical structures, startup Crusoe spending ~$12B, and more (www.bloomberg.com)
28 days ago Startup AI Texas

Inside the first Stargate AI data center in Abilene, Texas: thousands working to build eight near-identical structures, startup Crusoe spending $12B, and more (www.bloomberg.com)
28 days ago Startup AI Texas

Malaysia downplays its deal to use Huawei chips to build a first-of-its-kind AI system by 2026, underscoring its delicate position in the US-China AI race (www.bloomberg.com)
28 days ago China AI Malaysia

Chinese government data: smartphone exports including iPhones fell 72% MoM to $688.5M in April, the lowest since 2011, outpacing a 21% drop in overall shipments (www.bloomberg.com)
28 days ago China

A look at South Korea's Bithumb as it preps for a 2025 IPO; Kaiko says Bithumb held 36% of the country's crypto trading in Jan. 2024, up from 11.5% in Jan. 2023 (www.bloomberg.com)
28 days ago Korea IPO

Sources: Nintendo picked Samsung to make Switch 2 chips, aiming to ramp output and sell 20M+ units by March 2026, a key win for Samsung as it competes with TSMC (www.bloomberg.com)
28 days ago Samsung Nintendo

GENIUS Act, a stablecoin bill, advances in the US Senate after a group of Democrats dropped their opposition, marking a major win for the crypto industry (www.bloomberg.com)
28 days ago Democrat Senate

Huawei launches its first laptops running on HarmonyOS, including the 18-inch foldable MateBook Fold, and is working to make the OS compatible with 2,000+ apps (www.bloomberg.com)
28 days ago

Source: the US DOJ has opened a probe into a recent data breach at Coinbase; Coinbase says it's working with the DOJ and other law enforcement agencies (www.bloomberg.com)
28 days ago Coinbase

Graphiant, a San Jose-based NaaS startup, raised a $19M Series B extension led by Aramco's Wa'ed and Saudi Telecom's Tali, bringing the round total to $102M (www.bloomberg.com)
28 days ago Startup

A profile of Anthropic CEO Dario Amodei, who transformed himself from an academic into a CEO; as of April, Anthropic was on track to hit $2B in annual revenue (www.bloomberg.com)
29 days ago

Salesforce says it is discounting Slack for US agencies, by as much as 90%, through November, following similar deals by Adobe and Google (www.bloomberg.com)
29 days ago Google Adobe Salesforce Slack

Filing: Taiwan-based Apple supplier Hon Hai plans to inject $1.5B into its India unit via its Singaporean subsidiary, as production shifts away from China (www.bloomberg.com)
29 days ago China India Taiwan Apple

The UK says hackers breached its Legal Aid Agency to steal a “significant amount of personal data” from those who receive legal aid across England and Wales (www.bloomberg.com)
29 days ago

Previous Page Next Page