Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
2025-5-21 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)
2025-5-21 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)
2025-5-21 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)
2025-5-21

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)
2025-5-21 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)
2025-5-21

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)
2025-5-21 Android

DoorDash ended its AI-powered voice ordering product for restaurant clients in April 2025, after launching it in August 2023 (www.bloomberg.com)
2025-5-21 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)
2025-5-21 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)
2025-5-21 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)
2025-5-20 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)
2025-5-20 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)
2025-5-20 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)
2025-5-20 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)
2025-5-20 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)
2025-5-20 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)
2025-5-20

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)
2025-5-20 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)
2025-5-20 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)
2025-5-20

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)
2025-5-20 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)
2025-5-20 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)
2025-5-19

A profile of Anthropic CEO Dario Amodei, who transformed himself from an academic into a CEO; as of mid-April, Anthropic was on track for $2B in annual revenue (www.bloomberg.com)
2025-5-19

Nvidia unveils NVLink Fusion, letting customers use its NVLink to pair non-Nvidia CPUs or accelerators with Nvidia's products in their own rack-scale setups (www.bloomberg.com)
2025-5-19 Nvidia

A look at the reasoning behind David Zaslav's strategy to rebrand HBO Max as Max, its failure to broaden the streamer's appeal, and the push to bring “HBO” back (www.bloomberg.com)
2025-5-19

How the crypto industry is adapting to the recent wave of kidnappings, from more extensive security around conferences, to a rise in personal bodyguards, more (www.bloomberg.com)
2025-5-19

Sources: Cyera is raising $500M led by Lightspeed, Greenoaks and Georgian in a round valuing the data security company at $6B, up from 2024's $3.4B valuation (www.bloomberg.com)
2025-5-19

Sources detail Apple's AI efforts, including John Giannandrea's tenure, Craig Federighi's initial lack of interest in LLMs, and its acquisitions, including Siri (www.bloomberg.com)
2025-5-19 AI Apple

Eight workers, from a nurse dealing with hospital discharge planning algorithms to a salon owner with AI-generated hairstyles, share how AI changed their work (www.bloomberg.com)
2025-5-19 AI Algorithm

Previous Page Next Page