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Articles from
www.bloomberg.com
Walmart-backed digital marketing software company Ibotta raises ~$577.3M in its IPO at a share price of $88, giving it a market value of $2.67B
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www.bloomberg.com
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17 minutes ago
IPO
Walmart
Sources: Micron could get $6B+ in chip grants from the US Commerce Department for domestic factory projects; the award could be announced as soon as next week
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www.bloomberg.com
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38 minutes ago
Sources: German grocery delivery startup Flink raised another €100M from existing investors and has been in merger talks with rivals Getir and Just Eat Takeaway
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www.bloomberg.com
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8 hours ago
Germany
Startup
Sources: the EU has decided that Microsoft's OpenAI deal doesn't merit a formal probe because it falls short of a takeover and Microsoft doesn't control OpenAI
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www.bloomberg.com
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9 hours ago
Microsoft
How Amazon developed Just Walk Out since the early 2010s, driven by Jeff Bezos, as the company removes the tech from stores while expanding third-party sales
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www.bloomberg.com
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9 hours ago
Amazon
Jeff Bezos
How GitHub Copilot became responsible for a significant percentage of coding, despite its limitations; Stack Overflow: 54.8% of developers used Copilot in 2023
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www.bloomberg.com
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12 hours ago
GitHub
ASML reports China represented 49% of its system sales in Q1, while sales from Taiwan more than halved and the US dropped five percentage points to 6%
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www.bloomberg.com
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13 hours ago
China
Taiwan
US Senators Cynthia Lummis and Kirsten Gillibrand propose a bill to regulate stablecoins; House and Senate lawmakers are pushing to pass a bill as soon as May
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www.bloomberg.com
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14 hours ago
Senate
CIRP: Amazon Prime hit a new high of 180M US shoppers in March 2024, up 8% YoY, despite greater online competition; 75% of US shoppers have a Prime membership
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www.bloomberg.com
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15 hours ago
Amazon
Activision cuts entry fees for teams in its professional Call of Duty League, and will return collected fees, as the esports industry faces financial challenges
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www.bloomberg.com
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16 hours ago
Filing: Take-Two will fire 5% of its workforce and expects to incur up to $200M in charges as part of a downsizing effort, including $140M from canceled titles
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www.bloomberg.com
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1 day ago
Kontakt.io, whose software and Bluetooth devices help hospital managers make decisions about patients, beds, and equipment, raised $47.5M from Goldman Sachs
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www.bloomberg.com
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1 day ago
Goldman
Sensor Tower: Naval Ravikant and Brian Norgard's audio-focused invitation-only social app Airchat has been downloaded 30K+ times since it relaunched this month
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www.bloomberg.com
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1 day ago
Sensor
Spotify says 25% of paid users in the US, UK, and Australia have started an audiobook as part of their subscriptions; 57% are between 18 and 34 years old
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www.bloomberg.com
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1 day ago
Australia
Spotify
Andreessen Horowitz raised $7.2B, with $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4%
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www.bloomberg.com
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1 day ago
U.S.
Startup
AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips
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www.bloomberg.com
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1 day ago
AI
Apple
Nvidia
Filing: MGM sues the FTC to stop an investigation into a 2023 cyberattack and asks for Chair Lina Khan's recusal; Khan stayed at the MGM Grand in September 2023
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www.bloomberg.com
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1 day ago
Bain Capital agrees to sell UK payroll software company Zellis, acquired in 2017, to Apax Partners; sources say the deal values Zellis at ~£1.25B
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www.bloomberg.com
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1 day ago
Sources: in 2023, Abu Dhabi's G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures
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www.bloomberg.com
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1 day ago
China
Tel Aviv-based Bridgewise, which uses AI to provide investment analysis to brokerages, wealth advisors, and exchanges, raised a $21M Series A led by SIX Group
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www.bloomberg.com
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1 day ago
AI
South Korea-based AI startup Upstage raised a $72M Series B from investors including SK Networks and SBVA, formerly known as SoftBank Ventures Asia
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www.bloomberg.com
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1 day ago
Korea
Asia
Startup
AI
Sources: the UK plans talks this month with Apple, Meta, and others to push a voluntary charter granting parents more control of social media use by young teens
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www.bloomberg.com
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2 days ago
Apple
Mark Zuckerberg wins his bid to avoid personal liability in about two dozen lawsuits accusing Meta and other companies of addicting children to their products
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www.bloomberg.com
)
2 days ago
Zuckerberg
How scammers, often from Nigeria, are using sextortion to target teenage boys on social media in the US, leading to at least 20 suicides over an 18-month period
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www.bloomberg.com
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2 days ago
Nigeria
As Microsoft begins its most ambitious security overhaul in two decades, critics question if Microsoft has sufficient incentive to make deep and lasting changes
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www.bloomberg.com
)
2 days ago
Microsoft
Singapore-based used car marketplace Carro raised ~$100M in pre-IPO funding at a $1.5B+ valuation and reports its first annual operating profit
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www.bloomberg.com
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2 days ago
IPO
Singapore
Bitcoin's next halving, set for around April 20, will cut miners' validating transactions to 450 from 900 now, costing the industry ~$10B in annual revenue
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www.bloomberg.com
)
2 days ago
Bitcoin
OpenAI opens an office in Tokyo and taps former president of Amazon Web Services's Japan arm Tadao Nagasaki to lead an enterprise push in the country
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www.bloomberg.com
)
2 days ago
Japan
Amazon
Tokyo
Analysis: software and services companies have almost $30B of debt that's classed as distressed, the most in any industry apart from real estate
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www.bloomberg.com
)
3 days ago
A US official says the OFAC is investigating several US and foreign companies for shipments of chips with military applications that ultimately end up in Russia
(
www.bloomberg.com
)
4 days ago
Russia
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