Articles from www.bloomberg.com

Articles from www.bloomberg.com

South Korea's AI-driven chip industry boom is reordering the country's society, changing expectations around fairness, careers, and even culture and dating (www.bloomberg.com)
20 hours ago Korea AI

The US OCC denies Dutch fintech Bunq's application for a national bank charter, citing the need for more clarity on its business plan to expand in the US (www.bloomberg.com)
1 day ago Fintech Netherlands

Sources: data center operator Switch filed confidentially for a US IPO, and a listing could take place as soon as November; Ben Horowitz is joining its board (www.bloomberg.com)
1 day ago IPO

Sources: the US Commerce Department's BIS is reviewing how Chinese AI companies access Nvidia chips overseas, including by legally renting foreign data centers (www.bloomberg.com)
1 day ago China AI Nvidia

SK Hynix plans a $38B chipmaking expansion in South Korea, including a new ~$24.7B DRAM facility in Yongin and a ~$13.3B NAND fabrication plant in Cheongju (www.bloomberg.com)
2 days ago Korea

Sources: up to five people tied to US Cyber Command died by suicide from early June to early July 2026, prompting it to flag a potential suicide cluster (www.bloomberg.com)
2 days ago

Sources: an addendum to the bipartisan Clarity Act would force President Trump to divest from crypto businesses, letting him defer paying taxes on the gains (www.bloomberg.com)
2 days ago Trump Tax

Alphabet raises $25B in a bond sale; sources say the offering attracted roughly $115B of peak demand and that the company plans to issue US debt twice a year (www.bloomberg.com)
2 days ago Alphabet

Airbnb reports Q2 revenue up 17% YoY to $3.6B, Nights and Seats Booked up 10% to 148.3M, above est., lifts 2026 revenue forecast; ABNB jumps 10%+ after hours (www.bloomberg.com)
2 days ago Airbnb

Sources: OpenAI's new device, slated for 2027, is a hockey puck-sized smart speaker with moving parts that help give it personality, likely costing $300+ (www.bloomberg.com)
2 days ago

Figma CEO Dylan Field forfeits ~$46M in stock awards to revive investor confidence amid AI disruption fears; FIG is down ~77% from its peak more than a year ago (www.bloomberg.com)
2 days ago AI

Sources: Nscale told potential backers it generated $100M+ in Q2 revenue, up from $37M in Q1, and has $51B in contracts, ahead of a possible September US IPO (www.bloomberg.com)
2 days ago IPO

Demis Hassabis stepping down as Google DeepMind CEO may weaken the UK tech scene, marking an end for Hassabis' effort to keep his native UK as an AI stronghold (www.bloomberg.com)
2 days ago Google AI

Sources: DeepSeek has resumed its funding round, seeking $8B at a $74B valuation, after pausing talks following the leak of Liang Wenfeng's remarks to investors (www.bloomberg.com)
2 days ago

Filing: Hangzhou-based Unitree Robotics prices its Shanghai IPO at ~$22/share, aiming to sell 40.4M shares to raise $904M; Unitree shipped 5,500+ robots in 2025 (www.bloomberg.com)
2 days ago IPO Robot Shanghai

China launches a formal national security review of Palo Alto Networks products sold in the Chinese market, citing a need to protect critical infrastructure (www.bloomberg.com)
2 days ago China

Google centralizes its AI leadership at Mountain View in a bid to catch its rivals; Sebastian Borgeaud, who led a major AI coding effort, moved from the UK (www.bloomberg.com)
3 days ago Google AI

A look at Sequoia's revamped strategy under new stewards Alfred Lin and Pat Grady, including bold AI bets; sources: Sequoia recently closed $10B in new funding (www.bloomberg.com)
3 days ago AI

DeepSeek says it plans to implement substantial price increases across its services; it currently charges $0.14/1M input and $0.28/1M output tokens for V4 Flash (www.bloomberg.com)
3 days ago

OpenAI files a motion to dismiss Apple's lawsuit accusing the AI company of stealing trade secrets, saying that the iPhone maker's allegations are meritless (www.bloomberg.com)
3 days ago iPhone AI Apple

Binance affiliates are suing RedotPay's founders for allegedly diverting 470K+ users to a competing product in a “fraudulent scheme”, claiming $472.8M in losses (www.bloomberg.com)
3 days ago

Filing: Microsoft recorded $24.1B in revenue from OpenAI during the year ended in June, suggesting OpenAI accounted for more than half of Microsoft's AI sales (www.bloomberg.com)
3 days ago Microsoft AI

Google says Chief AI Architect and Google DeepMind CTO Koray Kavukcuoglu will be taking over most of Demis Hassabis's responsibilities (www.bloomberg.com)
3 days ago Google AI

The UK Competition Appeal Tribunal rejects Google's bid to block a class action alleging it overcharged businesses for search ads and abused its dominance (www.bloomberg.com)
3 days ago Google

Circle reports Q2 revenue up 7% YoY to $701M, below $712M est., net income of $48M, vs. $43M est., and USDC circulation at $73.4B on June 30; CRCL fell 20% YTD (www.bloomberg.com)
3 days ago

Uber and Wayve say Wayve received London private hire vehicle licenses for supervised robotaxis ahead of a full rollout; Waymo plans to offer robotaxis in 2026 (www.bloomberg.com)
3 days ago Uber London

Dubai-based vehicle fleet management startup Moove raised $250M led by Abu Dhabi's Mubadala at a $2.1B valuation to build autonomous vehicle “nests” for docking (www.bloomberg.com)
3 days ago Startup Autonomous Car Dubai

The AI frenzy has divided the VC market, as the gap between top and bottom performers has more than doubled for 2024 funds compared to funds from 2017 to 2021 (www.bloomberg.com)
4 days ago AI

House panel report: US telcos connected their systems to data centers in a way that exposed them to vulnerabilities, potentially enabling Salt Typhoon hacks (www.bloomberg.com)
4 days ago

Coupang reports Q2 revenue up 4% YoY to $8.9B and an operating loss of $556M, vs. $361M est., due to a $409M data breach fine; CPNG drops 7%+ after hours (www.bloomberg.com)
4 days ago

Previous Page Next Page