Articles from www.bloomberg.com

Articles from www.bloomberg.com

How Changpeng Zhao's pardon frees him to refocus on reclaiming ground in the US market, where Binance.US only has a 0.75% share of bitcoin trading volume (www.bloomberg.com)
10 hours ago Bitcoin

Grab is investing an undisclosed amount in May Mobility as part of a multiyear deal, which includes bringing robotaxis to Southeast Asia as soon as 2026 (www.bloomberg.com)
11 hours ago Asia Southeast Asia

Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11% (www.bloomberg.com)
12 hours ago Germany

Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts (www.bloomberg.com)
22 hours ago AI

Crypto.com follows Circle, BitGo, and others in applying for a US bank charter, as it seeks to further its custody-service business for products such as ETFs (www.bloomberg.com)
1 day ago ETF

Tether CEO Paolo Ardoino says the company expects to earn close to $15B in profit in 2025, up from around $13B in 2024 (www.bloomberg.com)
1 day ago

New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital (www.bloomberg.com)
1 day ago AI New York

Sources: banks are preparing to launch a $38B debt sale to fund Oracle data centers, including $23.25B for a Texas data center and $14.75B for a Wisconsin site (www.bloomberg.com)
1 day ago Oracle Texas

Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year (www.bloomberg.com)
1 day ago Bitcoin JPMorgan

Pricempire: after Valve updated the exchange rate of Counter-Strike digital items, the market fell by $1.75B, or 25%, on October 23; in 2024, a gun sold for $1M (www.bloomberg.com)
1 day ago

US Energy Secretary Chris Wright urges FERC to limit the process for connecting data centers to power grids to 60 days, a process that typically takes years (www.bloomberg.com)
1 day ago Energy

Trump's pardon of CZ is a gift to the crypto industry, which has spent heavily to ease regulations and rewrite history to remove associations with criminality (www.bloomberg.com)
1 day ago Trump

Filing: Applied Materials plans to cut ~4% of its global workforce and expects the layoffs to cost $160M to $180M; it had 36,100 employees as of the end of July (www.bloomberg.com)
1 day ago Layoffs

Sources and docs: the US DOJ charged an ex-director of zero-day vendor L3Harris' Trenchant with stealing secrets from two companies to sell to a Russian buyer (www.bloomberg.com)
1 day ago Russia

OpenAI acquires Software Applications Incorporated, which is building an AI-powered user interface for macOS and raised $6.5M from Sam Altman and others (www.bloomberg.com)
1 day ago AI

Sources and docs: the US DOJ charges Peter Williams, ex-director of zero-day vendor L3Harris' Trenchant, with stealing trade secrets to sell to a Russian buyer (www.bloomberg.com)
2 days ago Russia

Sources: Microsoft asks its Xbox unit to hit 30% “accountability margins”, or profit margins, and Xbox canceled products, cut jobs, and raised prices to meet it (www.bloomberg.com)
2 days ago Microsoft Xbox

Chinese state media: China's new five-year development plan aims to achieve tech self-reliance and expand the domestic market, after a four-day CCP conclave (www.bloomberg.com)
2 days ago China

Ukraine says it has now deployed 30K free physical security keys, called YubiKeys, including 22K to access battle system Delta, up from ~10K in April 2022 (www.bloomberg.com)
2 days ago Ukraine

A look at DeepSeek's rise in Africa, as China's lightweight, low-cost AI models make inroads into the continent via tech infrastructure built by Huawei and ZTE (www.bloomberg.com)
2 days ago China AI Africa

STMicro reports Q3 revenue down 2% YoY to $3.19B and operating income down 53% YoY to $180M, missing est., and forecasts Q4 revenue of $3.28B, below $3.35B est. (www.bloomberg.com)
2 days ago 4Q

Sources: Polymarket is in early talks with investors to raise funds at a $12B-$15B valuation, up from ~$8B pre-investment in a deal announced earlier this month (www.bloomberg.com)
2 days ago

The UK FCA sues Justin Sun-linked crypto exchange HTX in London's High Court for alleged illegal promotion of “cryptoasset services” to UK consumers (www.bloomberg.com)
2 days ago London

SAP reports Q3 revenue up 7% YoY to €9.08B, cloud revenue up 22% to €5.29B, below €5.33B est., and current cloud backlog up 23% to €18.84B (www.bloomberg.com)
2 days ago

IBM reports Q3 revenue up 9% YoY to $16.3B, above $16.1B est., and Hybrid Cloud (Red Hat) revenue up 14%, below 16% est.; IBM drops 5%+ after hours (www.bloomberg.com)
2 days ago IBM

Sources: Kalshi is receiving funding offers from VC investors at $10B-$12B or higher valuations, just weeks after it announced a $300M round at a $5B valuation (www.bloomberg.com)
2 days ago

Shenzhen-based humanoid robot maker Leju Robotics raised $200M+ led by Citic Goldstone and Shenzhen Investment Holdings ahead of a planned IPO (www.bloomberg.com)
3 days ago IPO Robot Shenzhen

Sources: Chinese chipmaker YMTC considers an IPO in China at an up to ~$40B valuation as soon as 2026, in what could be one of China's biggest IPOs in years (www.bloomberg.com)
3 days ago China IPO

Apple's Vision Pro with the M5 chip is assembled in Vietnam, according to labels on its packaging; the M2-based model, launched in 2024, was built in China (www.bloomberg.com)
3 days ago China Apple Vietnam

Japanese regulators' plan to cull the smallest listings on the Tokyo Stock Exchange is spurring a record number of startup buyouts in Japan, while IPOs slump (www.bloomberg.com)
3 days ago Japan IPO Startup Tokyo

Previous Page Next Page