Articles from www.bloomberg.com

Articles from www.bloomberg.com

Tether CEO Paolo Ardoino says the USDT issuer is making plans to do business in the US after the passage of Genius Act, with a focus on institutional markets (www.bloomberg.com)
2025-7-24

Sources: Adani Group has shelved plans for a consumer super app amid losses and internal turmoil, as Reliance and Tata also struggle to scale their platforms (www.bloomberg.com)
2025-7-24

Source: the US National Nuclear Security Administration was among those breached via a SharePoint flaw; no sensitive info is known to have been compromised (www.bloomberg.com)
2025-7-24

IBM reports Q2 revenue up 8% YoY to $16.98B, vs. $16.59B est., and software revenue up 10% to $7.39B, vs. $7.49B est.; IBM drops 5%+ after hours (www.bloomberg.com)
2025-7-24 IBM

The White House unveils the AI Action Plan, seeking to assert US dominance over China, including proposals to ease permitting for AI infrastructure projects (www.bloomberg.com)
2025-7-24 China AI

Uber plans to launch a pilot ride type to match female riders and drivers in LA, San Francisco, and Detroit over the next few weeks, called “Women Drivers” (www.bloomberg.com)
2025-7-23 Uber San Francisco Detroit

Sonos names interim CEO Tom Conrad as CEO, effective immediately, as it works to restore confidence after its app disaster; Conrad took the job in January 2025 (www.bloomberg.com)
2025-7-23

Eye Security: hackers have breached ~400 government agencies, corporations, and other groups via the SharePoint breach, up from an estimated 60 on July 22 (www.bloomberg.com)
2025-7-23

Compliance tech startup Vanta raised a $150M Series D led by Wellington Management at a $4.15B valuation, up from $2.45B after raising $150M in July 2024 (www.bloomberg.com)
2025-7-23 Startup

Apple launches AppleCare One, an insurance plan covering up to three devices for $20 per month, including battery replacements, accidental damage, and more (www.bloomberg.com)
2025-7-23 Apple Battery Insurance

VenHub, which uses robotics and AI to run fully automated retail stores, confidentially files for a US direct listing, after a $715M SPAC merger failed in May (www.bloomberg.com)
2025-7-23 Retail AI Robot

Dell says COO Jeff Clarke will now oversee its Client Solutions Group, which includes desktop and notebook PCs; Dell's consumer PC revenue fell 19% in Q1 (www.bloomberg.com)
2025-7-23

Source: the US National Nuclear Security Administration was among those breached by a hack of SharePoint; no sensitive information is known to be compromised (www.bloomberg.com)
2025-7-23

Businesses and households served by PJM, the US' largest power grid operator, will pay a record $16.1B for electricity supplies amid an AI-driven demand surge (www.bloomberg.com)
2025-7-23 AI

Miaan Group: a number of Iranians received spyware threat alerts from Apple in H1 2025 in the months prior to the Iran-Israel war, the first such cases in Iran (www.bloomberg.com)
2025-7-22 Israel Apple Iran

Sources: Google is seeking to recruit news organizations for a new licensing project related to AI, and plans to launch a pilot initially with ~20 US outlets (www.bloomberg.com)
2025-7-22 Google AI

Reka AI, which aims to make more efficient LLMs, raised $110M from Nvidia, Snowflake, and others at a $1B+ valuation, up from ~$300M in 2023, per PitchBook (www.bloomberg.com)
2025-7-22 AI Nvidia

OpenAI and Oracle unveil plans to develop 4.5GW of additional US data center capacity in an expanded partnership, hitting 5GW in total and running 2M AI chips (www.bloomberg.com)
2025-7-22 AI Oracle

A London judge rules that HPE lost ~£730M after acquiring Mike Lynch's Autonomy, after a 2022 fraud finding against Lynch, who died in 2024; HPE was seeking $4B (www.bloomberg.com)
2025-7-22 London

US investment firm Carlyle agrees to acquire a majority stake in IT consultancy and services provider Adastra, sources say valuing it at $400M including debt (www.bloomberg.com)
2025-7-22

Seoul-based chip designer FuriosaAI signs a deal with LG to use its AI chip RNGD, its first major contract, after rejecting Meta's $800M buyout offer in March (www.bloomberg.com)
2025-7-22 AI

Samsung Galaxy Watch8 review: thinner and sturdier, but its design with a square casing and a round screen is polarizing, and Gemini is useful but hit-or-miss (www.bloomberg.com)
2025-7-22 Samsung

SEC filing: Ambiq Micro, which makes ultra-low power chips, is seeking to raise as much as $85M from its IPO, marketing 3.4M shares at $22 to $25 each (www.bloomberg.com)
2025-7-22 IPO

Sources: Oracle is in talks with Skydance for a $100M/year deal for Paramount to use Oracle's cloud software if the Skydance-Paramount merger goes through (www.bloomberg.com)
2025-7-22 Oracle

Source: Netflix is using Runway AI's video generation tools for production; Disney is testing out the tools and talked with Runway about possible uses for them (www.bloomberg.com)
2025-7-22 AI Netflix

Tesla is set to face off with the California DMV over claims it exaggerated Autopilot's and FSD's capabilities and misled consumers, in a five-day Oakland trial (www.bloomberg.com)
2025-7-22 Tesla California

Polymarket says it is buying little-known derivatives exchange QCX, in a move to legally re-enter the US market; a source says Polymarket will pay $112M (www.bloomberg.com)
2025-7-22

Oakley Meta HSTN hands-on: the $399 glasses are a fun accessory and sportier, thinner, lighter, and more comfortable than previous models with a solid 3K camera (www.bloomberg.com)
2025-7-21

KKR acquires a significant minority in Swedish travel tech firm Etraveli, sources say valuing it at ~€2.7B; Etraveli sells plane tickets to ~50M users per year (www.bloomberg.com)
2025-7-21 Sweden

TSMC closed above a $1T market cap in Taiwan on July 18, a first, up nearly 50% from an April low and the first Asian stock worth $1T+ since PetroChina in 2007 (www.bloomberg.com)
2025-7-21 Taiwan

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