Articles from www.bloomberg.com

Articles from www.bloomberg.com

Source: Ramp raised $200M led by Founders Fund, valuing the startup at $16B, up from $13B in March, when it conducted a $150M share sale (www.bloomberg.com)
2 hours ago Startup

Source: Accel, which owns 18.5% of Scale AI after investing a total of ~$350M, expects to gain over $2.5B from Meta's $14.3B investment in the startup (www.bloomberg.com)
6 hours ago Startup AI

China releases draft guidelines on cross-border transmission of automobile data, which could pave the way for the wider rollout of Tesla's FSD in the country (www.bloomberg.com)
10 hours ago China Tesla

Meta's Scale AI deal dwarfs rivals' “reverse acquihires” in scope and ambition, showing that its fear of lagging in AI outweighs fears of regulatory backlash (www.bloomberg.com)
11 hours ago AI

Sources: Tencent is in early talks to acquire Nexon, the South Korean gaming giant behind Dungeon & Fighter Mobile; Tencent pursued a Nexon acquisition in 2019 (www.bloomberg.com)
14 hours ago Korea Mobile Tencent

A senior Trump administration official projects that Huawei's Ascend AI chip output will be at or below 200,000 for 2025, in a hearing with US lawmakers (www.bloomberg.com)
22 hours ago Trump AI

Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B (www.bloomberg.com)
1 day ago AI

Adobe reports Q2 revenue up 11% YoY to $5.87B, vs. $5.8B est., Digital Media revenue up 11% to $4.35B, and forecasts Q3 revenue above estimates (www.bloomberg.com)
1 day ago Adobe

Sources: Apple has set an internal release target of spring 2026 for its delayed upgrade of Siri, as part of an iOS 26.4 software update (www.bloomberg.com)
1 day ago IOS Apple

Sources: Scale AI plans to promote Chief Strategy Officer Jason Droege to CEO, replacing Alexandr Wang, who is set to join Meta after its investment in Scale AI (www.bloomberg.com)
1 day ago AI

Arm CEO Rene Haas sides with Nvidia CEO Jensen Huang, saying US export controls on China threaten to slow tech advances and harm consumers and companies (www.bloomberg.com)
1 day ago China Nvidia

Nominal, which makes industrial design software for space, energy, and defense tech, raised $75M led by Sequoia, after raising $27M in April 2024 (www.bloomberg.com)
1 day ago Energy

Tesla sues ex-Optimus engineer Zhongjie Li, who worked at Tesla from 2022 to 2024, accusing him of stealing humanoid robot info and setting up a rival startup (www.bloomberg.com)
1 day ago Startup Tesla Robot

The US prosecution of quant trader Richard Ho could define how quant algorithms can become stolen property and have a major impact on Wall Street's talent war (www.bloomberg.com)
1 day ago Wall Street Algorithm

A profile of Airwallex co-founder Jack Zhang, who turned down Stripe's $1.2B offer seven years ago; the fintech is now valued at $6.2B and plans an IPO in 2026 (www.bloomberg.com)
1 day ago IPO Fintech

Stripe has agreed to acquire Privy, which helps companies build crypto wallets into their user experiences; Privy was last valued at $230M in March 2025 (www.bloomberg.com)
2 days ago

Sources: Jack Rae, a principal researcher at Google DeepMind, is expected to join Meta's “superintelligence” team, as well as an ML lead from Sesame AI (www.bloomberg.com)
2 days ago Google AI

DoorDash acquires adtech company Symbiosys for $175M, as part of a major update to its ad business that now generates $1B+ annually (www.bloomberg.com)
2 days ago

Coco Robotics, which operates a fleet of cooler-sized delivery robots on wheels, raised $80M from Sam Altman and others, taking its total funding to $110M+ (www.bloomberg.com)
2 days ago Robot

President Trump says a trade framework with China “is done, subject to final approval with President Xi and me”, and the US tariff rate would be 55% “total” (www.bloomberg.com)
2 days ago Trump China

Nvidia unveils new projects to bolster AI infrastructure across Europe, including expanding its Mistral partnership to use local AI computing, at a Paris event (www.bloomberg.com)
2 days ago Europe AI Nvidia Paris

Whole Foods supplier United Natural Foods says it is working to restore its systems by June 15 after a cyberattack, leaving empty shelves and stalled forklifts (www.bloomberg.com)
2 days ago

Hong Kong invokes its national security law to ban Taiwanese-made mobile game Reversed Front: Bonfire, marking the first known use of the law to block a game (www.bloomberg.com)
2 days ago Hong Kong Taiwan Mobile Ban

Nintendo says it sold 3.5M Switch 2 consoles globally in its first four days, a record for any of its hardware; Nintendo aims to sell 15M units by March 2026 (www.bloomberg.com)
2 days ago Nintendo

Online trading platform Webull will now allow US retail investors to bet on the future prices of bitcoin and ethereum through a partnership with Kalshi (www.bloomberg.com)
3 days ago Bitcoin Retail Ethereum

Cisco unveils updated networking and security products, including a new generation of switches with 10x performance, to boost AI networks and cut bottlenecks (www.bloomberg.com)
3 days ago AI Cisco

Tencent Music agrees to buy podcasting startup Ximalaya for $1.3B in cash, plus some stock, in a bid to become China's Spotify; Ximalaya had 303M MAUs in 2023 (www.bloomberg.com)
3 days ago China Startup Tencent Spotify

Sources: Mark Zuckerberg, frustrated at Meta's AI shortfalls, is personally assembling a team of AI experts and met engineers at his homes in recent weeks (www.bloomberg.com)
3 days ago AI Zuckerberg

Roblox hires Paramount's Naveen Chopra as CFO starting June 30; Chopra previously held senior roles at Amazon and served as CFO at Pandora and TiVo (www.bloomberg.com)
4 days ago Amazon

Alibaba, Tencent, and other Chinese AI companies temporarily disabled chatbot functions like image recognition during China's annual college entrance exams (www.bloomberg.com)
4 days ago China Alibaba AI chatbot Tencent

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