Articles from www.bloomberg.com

Articles from www.bloomberg.com

Virtual physical therapy service Hinge Health files for a US IPO, and reports revenue of $390M in 2024, up from $293M in 2023, and a net loss of $11.9M (www.bloomberg.com)
5 hours ago IPO

Sources: Apple preps a major interface revamp for iOS 19, iPadOS 19, and macOS 16, loosely based on visionOS, with consistent design, simpler navigation, more (www.bloomberg.com)
9 hours ago IOS Apple

X experiences intermittent outages early on March 10, including in the US, the UK, France, and India; over 40K US users reported issues on Down Detector (www.bloomberg.com)
13 hours ago France India

SCOTUS refuses to hear BMC's appeal and revive a $1.6B award against IBM, which was accused by BMC of poaching a client in violation of a licensing agreement (www.bloomberg.com)
14 hours ago IBM

Detroit-based real estate platform Rocket plans to buy Redfin, a home search service and adtech brokerage, for $1.75B, or $12.50 per share, closing in Q2 or Q3 (www.bloomberg.com)
17 hours ago Detroit

A look at China's heavy-handed and sometimes intrusive approach to crack down on telecom and online scams, including intercepting calls and messages (www.bloomberg.com)
21 hours ago China

Sources: workflow automation company ServiceNow nears deal to buy enterprise AI assistants company Moveworks in a deal that could value Moveworks at ~$3B (www.bloomberg.com)
1 day ago AI

Sources: Apple planned to announce a smart home hub in March but it has been postponed since the device relies on the delayed Siri capabilities (www.bloomberg.com)
1 day ago Apple

Wikipedia editors and administrators detail the turmoil over maintaining neutrality on pages about the Israel-Hamas war and other conflicts in the Middle East (www.bloomberg.com)
1 day ago Israel

Starting September 1, schools in Beijing will offer at least eight hours of AI classes per academic year for primary and secondary students (www.bloomberg.com)
1 day ago AI

As Japan copes with a labor shortage, its market for service robots, which assist people with tasks like waiting tables, is expected to almost triple by 2030 (www.bloomberg.com)
2 days ago Japan Robot

The FTC told a US district judge it is still determining who Amazon's competitors are for its 2023 antitrust lawsuit and the list could include Walmart and eBay (www.bloomberg.com)
2 days ago Amazon eBay Walmart

Filing: Elon Musk is set to be questioned under oath on April 3 in an investor lawsuit alleging his Twitter buyout flip-flop was a ruse to lower its stock price (www.bloomberg.com)
3 days ago Twitter Elon Musk

Sources: virtual physical therapy service Hinge Health aims to file for a US IPO as soon as next week and could go public in April; it had $390M in 2024 revenue (www.bloomberg.com)
3 days ago IPO

Sources: crypto exchange and custodian Gemini has filed confidentially for an IPO; the company is reportedly considering going public as soon as this year (www.bloomberg.com)
3 days ago IPO

Sources: Craig Federighi and other Apple executives voiced concerns that personalized Siri didn't work properly; some think it has to be rebuilt from scratch (www.bloomberg.com)
3 days ago Apple

Sources: Kraken seeks to go public as soon as Q1 2026; the SEC recently agreed to drop its case against Kraken amid a friendlier regulatory climate under Trump (www.bloomberg.com)
3 days ago Trump Climate

Sources: Cursor maker Anysphere is in talks to raise hundreds of millions at a $10B valuation, up from $2.5B in January, and crossed $100M in ARR in 12 months (www.bloomberg.com)
3 days ago

Unsealed US indictment: Chinese hacking contractor i-Soon charged Chinese government customers $10K to $75K for each email inbox of US organizations it breached (www.bloomberg.com)
3 days ago China

Reflection AI, which wants to achieve superintelligence through autonomous coding agents, emerges from stealth with a $105M Series A and $25M in seed funding (www.bloomberg.com)
3 days ago AI

Investors are turning to “AI wrappers”, startups that leverage existing LLMs by other developers to build tools for coders, clinicians, lawyers, and others (www.bloomberg.com)
3 days ago Startup AI

The GOP-led House Judiciary Committee subpoenas Alphabet and Sundar Pichai as part of its investigation into alleged censorship under the Biden administration (www.bloomberg.com)
4 days ago Republican Alphabet

San Diego-based defense startup Shield AI raised $240M from L3Harris, a16z, and others at a $5.3B valuation to develop its Hivemind autonomous vehicle platform (www.bloomberg.com)
4 days ago Startup AI Autonomous Car

JD reports Q4 revenue up 13% YoY to ~$48B, its fastest growth in three years and above est., net income up 100%+ to ~$1.4B, as Chinese consumer spending rises (www.bloomberg.com)
4 days ago China 4Q

Sources: President Trump is set to meet the CEOs of HP, Intel, IBM, and Qualcomm on March 10, as new US tariffs threaten to roil the PC hardware industry (www.bloomberg.com)
4 days ago Trump Intel IBM

Sources detail Reliance Retail's overhaul plans in its efforts for a $125B IPO valuation, as India's largest retailer renews focus on scaling up quick commerce (www.bloomberg.com)
4 days ago India IPO Retail

ON Semiconductor reveals a $6.9B bid to acquire chipmaker Allegro Microsystems, which had a ~$4.9B market cap as of March 5, while Onsemi's stood at $19.6B (www.bloomberg.com)
4 days ago

Shares of the chipmaker SiTime closed up 19.53% on Wednesday after an iPhone 16e teardown revealed that its timer chips are used in the smartphone (www.bloomberg.com)
5 days ago iPhone

Marvell reports Q4 revenue up 27% YoY to $1.82B, vs. $1.8B est., and forecasts Q1 revenue of ~$1.88B, below the highest estimates; MRVL drops 13%+ after hours (www.bloomberg.com)
5 days ago 4Q

Cybereason CEO Eric Gan resigns after a months-long feud with investors SoftBank and Steven Mnuchin; source: the planned Trustwave merger has also been canceled (www.bloomberg.com)
5 days ago

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