Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of HoYoverse, the creator of Genshin Impact, which is exploring new game genres as its titles begin to cannibalize each other and revenue growth slows (www.bloomberg.com)
2025-5-12

A look at “AI-native” startups, which integrate AI into their workflows and team structures, allowing them to operate with fewer employees and consolidate tasks (www.bloomberg.com)
2025-5-12 Startup AI

Klarna, which said in 2024 that AI was doing the work of 700 customer service agents, starts hiring remote workers after the AI approach led to “lower quality” (www.bloomberg.com)
2025-5-11 AI

A look at Microsoft's Threat Intelligence Center, staffed largely by ex-intelligence and military personnel, which has become a key pillar of US cyber defense (www.bloomberg.com)
2025-5-10 Microsoft Intelligence

A profile of OpenAI's CEO of Applications Fidji Simo, who is tasked with broadening ChatGPT amid a straining Microsoft relationship and a battle with Elon Musk (www.bloomberg.com)
2025-5-10 Microsoft Elon Musk

How the three largest US gig economy companies, Lyft, DoorDash, and Uber, are aggressively expanding into Europe and Turkey through acquisitions (www.bloomberg.com)
2025-5-10 Europe Uber

Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky (www.bloomberg.com)
2025-5-10 Bitcoin Coinbase

Tech companies warn they may pull back from US investment pledges if Congress doesn't fully reinstate the R&D tax deduction pared back in Trump's 2017 tax bill (www.bloomberg.com)
2025-5-10 Trump Tax

Japan's Panasonic says it will cut 10,000 jobs, including 5,000 roles overseas, and book ~$895M in restructuring charges in the current fiscal year (www.bloomberg.com)
2025-5-9 Japan Panasonic

Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is an “unwarranted use” of CFPB's powers (www.bloomberg.com)
2025-5-9 Google

Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors (www.bloomberg.com)
2025-5-9 Commodity

Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office (www.bloomberg.com)
2025-5-9 Trump Democrat Republican Senate

Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 (www.bloomberg.com)
2025-5-9 Apple

Memo: Meta CPO Chris Cox says Robert Fergus will lead its Facebook AI Research lab, succeeding Joelle Pineau; Fergus and Yann LeCun co-founded FAIR in 2014 (www.bloomberg.com)
2025-5-9 Facebook AI

Match says it will cut 13% of its staff, impacting ~325 jobs, per a 2024 filing, and reports Q1 revenue down 3% YoY to $831M, above est., and 14.2M paying users (www.bloomberg.com)
2025-5-8

Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+ (www.bloomberg.com)
2025-5-8 Shopify

The Greater Memphis Chamber says xAI is using Tesla's 150MW Megapack batteries to shore up its Colossus supercomputer; xAI spent ~$230M on them in 2024 and 2025 (www.bloomberg.com)
2025-5-8 Tesla

Analysis: ~66% of US data center projects built or in development since 2022 are in areas with high water stress, with five states having 72% of new facilities (www.bloomberg.com)
2025-5-8

Source: Fidji Simo will oversee several OpenAI executives who previously reported to Altman, including COO Brad Lightcap, CFO Sarah Friar, and CPO Kevin Weil (www.bloomberg.com)
2025-5-8

The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” that limits exports of AI chips, which was set to take effect on May 15 (www.bloomberg.com)
2025-5-8 AI

Nintendo projects Switch 2 sales to reach 15M units for the fiscal year ending March 2026, below 16.8M est., and $2.2B annual operating profit, below est. (www.bloomberg.com)
2025-5-8 Nintendo

The Taiwan dollar's sharpest rally against the US dollar in nearly 40 years raises concerns about the competitiveness and earnings of Taiwanese tech companies (www.bloomberg.com)
2025-5-8 Taiwan

Latin American e-commerce and fintech giant MercadoLibre reports Q1 revenue up 37% YoY to $5.9B, $494M in net income, and Argentina revenue up 125% YoY to $1.3B (www.bloomberg.com)
2025-5-8 U.S. Fintech Latin America

Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal of downplaying the importance of Apple's search deal with Google (www.bloomberg.com)
2025-5-8 Google AI Apple Browser

Filing: Apple seeks to pause the part of the April 30 US federal court ruling that blocked it from charging App Store commissions on outside transactions (www.bloomberg.com)
2025-5-8 Apple

US v. Google: Eddy Cue says Apple is looking at reshaping Safari to focus on AI search, and Safari searches dropped for the first time in April; GOOG drops 7.5% (www.bloomberg.com)
2025-5-8 Google AI Apple

The Commerce Department says it will rescind the Biden-era “AI diffusion rule”, which limits exports of AI chips and is set to take effect on May 15 (www.bloomberg.com)
2025-5-8 AI

Arm reports Q4 revenue up 34% YoY to $1.24B, vs. $1.23B est., royalty revenue up 18% to $607M, and forecasts Q1 revenue below est.; ARM drops 8%+ after hours (www.bloomberg.com)
2025-5-8 4Q

Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana (www.bloomberg.com)
2025-5-8 Blockchain Europe Retail

Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M (www.bloomberg.com)
2025-5-8 Trump

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