Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: BlackRock plans to hire ~1,200 people to build its AI teams in India and will inherit ~1,500 staff in Bengaluru through its proposed Preqin acquisition (www.bloomberg.com)
46 minutes ago India AI

Sources: OpenAI has spent months talking about potential commercial deals for Sora with film studios, who are worried about how their data may be used and more (www.bloomberg.com)
1 hour ago

Former Google engineer Linwei Ding faces new charges of economic espionage by the US DOJ for allegedly stealing trade secrets to boost China's AI industry (www.bloomberg.com)
2 hours ago China Google AI

Sources: the head of the US AI Safety Institute, Elizabeth Kelly, is set to leave by the end of the week; Kelly was appointed to the position in February 2024 (www.bloomberg.com)
6 hours ago AI

Match Group reports Q4 revenue down 1% YoY to $860M, forecasts Q1 revenue below est., names Zillow co-founder Spencer Rascoff as CEO; MTCH drops 7%+ after hours (www.bloomberg.com)
7 hours ago 4Q

AMD reports Q4 revenue up 24% YoY to $7.66B, Data Center revenue up 69% to $3.86B, vs. $4.09B est., and forecasts Q1 sales of $6.8B to $7.4B, vs. $7.04B est. (www.bloomberg.com)
7 hours ago 4Q AMD

PayPal reports Q4 revenue up 4% YoY to $8.4B, adjusted net income down 1.9% YoY to $1.21B, above est., payment volume up 7% to $437.8B, and plans a $15B buyback (www.bloomberg.com)
17 hours ago 4Q

Nintendo reports Q3 revenue down ~33% YoY to ~$2.8B, net profit down ~33% YoY to ~$831M, both below est, 4.8M Switch sales, and cuts Switch and profit forecasts (www.bloomberg.com)
20 hours ago Nintendo

China's State Administration for Market Regulation says it will probe Google for antitrust violations, moments after Trump announced tariffs on Chinese goods (www.bloomberg.com)
23 hours ago Trump China Google

Sources: the Trump admin plans to nominate Arielle Roth, a critic of Biden's $42.5B broadband infrastructure plan, to lead the NTIA, which oversees the project (www.bloomberg.com)
1 day ago Trump

Source: Salesforce is cutting 1,000+ roles and will allow displaced workers to apply for other jobs internally; Salesforce had ~73,000 workers as of Jan. 2024 (www.bloomberg.com)
1 day ago Salesforce

A US appeals court panel appeared skeptical of Google's bid to overturn a 2023 jury verdict that declared the Play Store an illegal monopoly in the Epic case (www.bloomberg.com)
1 day ago Google

Trump signs an executive action to form a sovereign wealth fund; Commerce secretary nominee Howard Lutnick says it may be used to facilitate a sale of TikTok US (www.bloomberg.com)
1 day ago Trump

MicroStrategy says it didn't buy any bitcoin in the prior week, ending a run of 12 consecutive weekly purchases worth $20B+ starting in October 2024 (www.bloomberg.com)
1 day ago Bitcoin

Sources: the EU Commission and four member nations plan a probe into Shein over illegal products, opening the fast fashion marketplace up to potential fines (www.bloomberg.com)
1 day ago

The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung (www.bloomberg.com)
1 day ago Samsung

AI adoption has outpaced that of PCs and the internet, but evidence of its boost to productivity is thin on the ground; study: 40% of US adults have used AI (www.bloomberg.com)
1 day ago AI

Some parents say they are eschewing 529 college savings plans and other traditional investments to invest in cryptocurrency to build wealth for their children (www.bloomberg.com)
2 days ago Cryptocurrency

Donald Trump's EO imposing levies on China says the “de minimis” exemption for items under $800 no longer applies, which could affect Alibaba, Shein, and others (www.bloomberg.com)
3 days ago Trump China Alibaba

Japan plans to expand export controls on advanced chips, lithography equipment, and cryocoolers for quantum computers, with new rules taking effect by late May (www.bloomberg.com)
3 days ago Japan Quantum

Instagram and Facebook, which blocked news links in Canada, are hosting hundreds of scam ads pretending to be from news outlets ahead of Canadian elections (www.bloomberg.com)
3 days ago Facebook Instagram Canada

Appfigures: DeepSeek has topped the list of the most downloaded mobile apps across 140 markets, with India accounting for 15.6% of all downloads since launch (www.bloomberg.com)
4 days ago India Mobile

Docs: Amazon will spend $16B to build two Mississippi data center campuses, up from $10B it announced a year ago, underscoring rising AI infrastructure costs (www.bloomberg.com)
4 days ago Amazon AI

Sources: Apple canceled a project to build AR glasses that would pair with the Mac; the company is still working on successors to the Vision Pro (www.bloomberg.com)
4 days ago Apple AR

Kraken says its revenue hit $1.5B in 2024, up from $671M in 2023, and it finished the year with 2.6M funded accounts, with $42.8B in assets held on the platform (www.bloomberg.com)
4 days ago Asset

Sources: STMicroelectronics is considering reducing its workforce by about 6%, or up to 3,000 jobs, through early retirements and attrition, amid a chip slump (www.bloomberg.com)
4 days ago

Sources: US officials are investigating whether DeepSeek bought advanced Nvidia chips from third parties in Singapore, circumventing US restrictions on AI chips (www.bloomberg.com)
5 days ago AI Singapore Nvidia

Sources: Samsung's 8-layer HBM3E was cleared by Nvidia in December for use in Nvidia's less powerful AI processors tailored for the Chinese market (www.bloomberg.com)
5 days ago China Samsung AI Nvidia

PitchBook: a spike in stock-market volatility due to DeepSeek may further complicate hopes for a rebound in venture-backed IPOs in 2025 (www.bloomberg.com)
5 days ago IPO

Sources: bankers trying to offload ~$3B in X debt claim X had $1.2B in adjusted EBITDA in 2024, roughly flat from before Elon Musk's buyout, a sign of recovery (www.bloomberg.com)
5 days ago Elon Musk

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