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www.bloomberg.com
The International Association of Machinists says Apple reached a three-year tentative labor agreement with retail workers at a Towson, Maryland store, a first
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www.bloomberg.com
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3 hours ago
Retail
Apple
Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B
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www.bloomberg.com
)
4 hours ago
IPO
Quantum
Honeywell
Chinese self-driving startup WeRide files to list on the Nasdaq under the symbol WRD, reporting a loss of $268M on revenue of $55M in 2023
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www.bloomberg.com
)
7 hours ago
China
Startup
How TikTok is trying to fend off a potential US ban, including through ad campaigns, lobbying, and funding lawsuits by creators
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www.bloomberg.com
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17 hours ago
Ban
The Biden administration says Apple agreed to White House's voluntary safeguards for AI, joining the ranks of OpenAI, Amazon, Alphabet, Microsoft, and others
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www.bloomberg.com
)
20 hours ago
Amazon
Microsoft
AI
Apple
Alphabet
As xAI builds a supercomputer in Memphis, many locals are wary of its benefits, and environmental advocates are puzzled over its potential effects
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www.bloomberg.com
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1 day ago
Self-driving startup Applied Intuition raised $300M+ as part of a secondary deal that allowed shareholders and employees to sell shares in the $6B company
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www.bloomberg.com
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1 day ago
Startup
FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers”
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www.bloomberg.com
)
1 day ago
Startup
AI
Amazon says a judge has dismissed a Washington state case, alleging that Amazon exposed warehouse workers to injuries, for lack of evidence
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www.bloomberg.com
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1 day ago
Amazon
Russia says it will throttle YouTube download speeds on computers by 70% by the end of next week, as “a consequence of the anti-Russian policy of the host”
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www.bloomberg.com
)
1 day ago
Russia
YouTube
California's Supreme Court upholds Prop 22, allowing Uber, Lyft, DoorDash, and other companies to keep classifying California drivers as independent contractors
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www.bloomberg.com
)
1 day ago
Uber
California
Google DeepMind rolls out AlphaProof AI model, which specializes in math reasoning, and AlphaGeometry 2, an updated version of a model focused on geometry
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www.bloomberg.com
)
1 day ago
Google
AI
Mathematics
Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba
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www.bloomberg.com
)
1 day ago
Alibaba
Startup
AI
Shenzhen
Shanghai
STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B
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www.bloomberg.com
)
2 days ago
Enterprise financial software company OneStream's shares closed up 34.25% at $26.85 in its Nasdaq debut, giving it a market cap of ~$6.2B, after a ~$490M IPO
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www.bloomberg.com
)
2 days ago
IPO
ServiceNow President CJ Desai leaves the company after an internal probe found he violated company policy related to a US contract and an ex-Army CIO's hiring
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www.bloomberg.com
)
2 days ago
Meta removes ~63K Instagram accounts used by sextortion scammers in Nigeria, along with ~7,200 Facebook assets, including accounts linked to the Yahoo Boys
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www.bloomberg.com
)
2 days ago
Facebook
Instagram
Nigeria
Asset
Yahoo
Elon Musk's poll asking if Tesla should invest $5B in xAI ends with 67.9% voting yes, after Musk said on Tesla's earnings call that he supported the idea
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www.bloomberg.com
)
2 days ago
Tesla
Elon Musk
Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750
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www.bloomberg.com
)
2 days ago
Microsoft
IBM reports Q2 revenue up 2% YoY to $15.8B, vs. $15.6B est., and says bookings for AI consulting and software have exceeded $2B since mid-2023, vs. $1B in Q1
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www.bloomberg.com
)
2 days ago
IBM
AI
All Raise: ~18% of US VC firms have one or more female partners, double from 2018; PitchBook says female founders secured ~28% of total US deal value in 2023
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www.bloomberg.com
)
2 days ago
Microsoft Copilot customers say the AI assistants are no plug-and-play offering and involve feeding Copilot data; the Copilots excel at distilling information
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www.bloomberg.com
)
2 days ago
Microsoft
AI
Compliance startup Vanta raised a $150M Series C led by Sequoia Capital at a $2.45B valuation, up from $1.6B in 2022, to accelerate adding AI to its products
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www.bloomberg.com
)
2 days ago
Startup
AI
LA-based Pearl, an FDA-approved startup that uses AI to assist dentists to make diagnoses, raised a $58M Series B led by Left Lane Capital at a $400M valuation
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www.bloomberg.com
)
2 days ago
Startup
AI
Google's failed deal with Wiz, and with HubSpot before that, puts Google in an awkward spot to grow Cloud; Wiz staff are likely upset at missing a big payday
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www.bloomberg.com
)
2 days ago
Google
French cybersecurity company Exclusive Networks receives a binding buyout proposal from private equity firms CD&R and Permira valuing Exclusive at ~€2.2B
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www.bloomberg.com
)
2 days ago
France
Equity
A dip in rental profits and a shift to longer stays has led some US hosts and property managers to circumvent Airbnb, including asking guests to book directly
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www.bloomberg.com
)
2 days ago
Airbnb
Texas Instruments reports Q2 revenue down 16% YoY to $3.82B and forecasts Q3 revenue in line with analysts' estimates of $4.14B, easing fears of a chip downturn
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www.bloomberg.com
)
3 days ago
Texas
US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January
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www.bloomberg.com
)
3 days ago
Bitcoin
ETF
Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies
(
www.bloomberg.com
)
3 days ago
Google
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