Articles from www.bloomberg.com

Articles from www.bloomberg.com

An interview with Grindr CEO George Arison on turning the dating app into a “global gayborhood” hub with services for HIV treatment, hotel bookings, and more (www.bloomberg.com)
29 days ago Interview HIV

Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake (www.bloomberg.com)
29 days ago SpaceX

SpaceX raises $75B in the biggest-ever IPO, after selling 555.6M shares at $135 each, giving it a market value of $1.77T (www.bloomberg.com)
29 days ago IPO SpaceX

OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort (www.bloomberg.com)
29 days ago AI

Crusoe said it had “paused” a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable (www.bloomberg.com)
29 days ago Google

Apollo Global has implemented a new risk assessment that categorizes software investments into 12 to 14 sectors to rank their susceptibility to AI disruption (www.bloomberg.com)
29 days ago AI

Sources: SpaceX's IPO has attracted $70B+ in orders from retail investors, who are expected to be allocated at least 20% of the available shares (www.bloomberg.com)
29 days ago IPO Retail SpaceX

The Workers' Daily, the official mouthpiece of China's umbrella trade union, calls on regulators to protect worker rights and strengthen oversight amid AI boom (www.bloomberg.com)
29 days ago China AI

Hungary plans to decriminalize crypto trading in a reversal of restrictions, which prompted Revolut and others to suspend services, under former PM Viktor Orban (www.bloomberg.com)
29 days ago

Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the “618” annual shopping festival (www.bloomberg.com)
29 days ago China Alibaba

Sources: Meta has completed an operational split with Manus and stopped data sharing; Manus is exploring options, including raising ~$1B to fund a buyback (www.bloomberg.com)
29 days ago

Sources: Alibaba replaces DingTalk CEO Chen Hang with Chen Yusen after an internal debate over the enterprise communication app's role in Alibaba's AI strategy (www.bloomberg.com)
29 days ago Alibaba AI

South Korean regulators fined Coupang $409M for a data leak in 2025 that exposed ~33.7M accounts and escalated into a diplomatic conflict with the US (www.bloomberg.com)
30 days ago Korea

Amazon secures a $17.5B loan from Citigroup and other banks, after selling CA$14B in bonds on Monday, the largest corporate debt offering in Canadian dollars (www.bloomberg.com)
30 days ago Amazon Canada

Sources: Microsoft's Xbox division is planning major layoffs next month and significant budget cuts for marketing and some other areas (www.bloomberg.com)
30 days ago Microsoft Layoffs Budget Xbox

Sources: Sea's Shopee is cutting hundreds of developer jobs globally; the reductions started this week and amount to about 8% of Shopee's developer workforce (www.bloomberg.com)
30 days ago

OpenAI and Visa partner to let AI agents make purchases online after users give their permission and to explore enterprise applications for AI-driven payments (www.bloomberg.com)
30 days ago AI

Interfax: Russia restored access to Roblox after concluding the company had complied with local legal requirements; Russia had banned Roblox in December (www.bloomberg.com)
30 days ago Russia

Dario Amodei says he doesn't know what role Claude played in a missile strike on an Iranian school, and its use in this instance didn't violate Anthropic's ToS (www.bloomberg.com)
30 days ago Iran

Tesla has just 59 vehicles in its robotaxi fleet and is limited to three Texas cities after almost a year, nowhere close to Elon Musk's big promises (www.bloomberg.com)
30 days ago Tesla Elon Musk Texas

Dario Amodei has just one direct report, his COS Avital Balwit; Anthropic's executive team reports to Daniela Amodei, who handles much of day-to-day operations (www.bloomberg.com)
30 days ago

Sources: Saudi Arabia's PIF and the Kuwait Investment Authority have placed share orders between $1B and $5B each for the SpaceX IPO (www.bloomberg.com)
30 days ago IPO Arabia Saudi Arabia SpaceX

Poetic, which aims to use AI to automate tasks like financial compliance, emerges from stealth with $50M in funding from OpenAI and others at a $500M valuation (www.bloomberg.com)
30 days ago AI

Sources: Ant International is considering raising ~$1B at a $10B+ valuation, paving the way for a potential Hong Kong IPO as soon as this year (www.bloomberg.com)
30 days ago Hong Kong IPO

Tata's chairman predicts AI agents will cut half the jobs at Tata Consultancy Services, and says TCS plans to reduce hiring in coming years as it ramps up AI (www.bloomberg.com)
30 days ago AI

The crackdown on online scam centers in Cambodia is leading some gangs to relocate to Sri Lanka, where authorities say they have arrested 1,000+ people in 2026 (www.bloomberg.com)
30 days ago Sri Lanka Cambodia

ASML's stock is up 64% YTD, but trails the broader US chip sector as the industry focuses spending on processes outside of lithography like advanced packaging (www.bloomberg.com)
2026-6-10

Nintendo's shares fell as much as 8.2% Wednesday morning in Tokyo after its 2026 Game Showcase came up short on new titles from major franchises such as Mario (www.bloomberg.com)
2026-6-10 Nintendo Tokyo

Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (www.bloomberg.com)
2026-6-10

CoreWeave founders have sold $2.3B in stock since the company's lockup period expired in August after a March 2025 IPO, reducing their combined holdings by ~25% (www.bloomberg.com)
2026-6-10 IPO

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