Articles from www.bloomberg.com

Articles from www.bloomberg.com

How Theia, a satellite imaging startup that raised $250M+ by 2020, collapsed after the founder and four other execs were indicted on federal fraud charges (www.bloomberg.com)
42 minutes ago Startup

Sources: AI science startup Periodic Labs, founded by ex-OpenAI VP Liam Fedus and DeepMind's Ekin Cubuk, aims to raise hundreds of millions at a ~$7B valuation (www.bloomberg.com)
17 hours ago Startup AI

AI note taking startup Granola raised $125M led by Index Ventures at a $1.5B valuation, and plans Claude integrations and agentic AI features in the next year (www.bloomberg.com)
18 hours ago Startup AI

Chinese AI company Kuaishou reports Q4 revenue up 12% YoY to ~$5.7B, meeting est., adjusted net income up 16% YoY, and Kling text-to-video revenue of ~$49M (www.bloomberg.com)
20 hours ago China AI 4Q

How internet censorship tech maker Sandvine, a vendor to repressive regimes like Egypt, nearly collapsed before US restrictions forced new ownership and a pivot (www.bloomberg.com)
20 hours ago Egypt

OpenAI hires Kiran Mani, the CEO of Indian streaming platform JioStar, for a newly created role leading its Asia-Pacific operations, reporting to CSO Jason Kwon (www.bloomberg.com)
21 hours ago India Asia

EQT and McKinsey study: between 2014 and 2025, European tech companies with a current combined value of ~$1.4T listed abroad or were acquired by foreign buyers (www.bloomberg.com)
22 hours ago Europe

Filing: Meta offers top executives stock options for the first time since its 2012 IPO to retain talent, if it hits stock-price milestones in the coming years (www.bloomberg.com)
1 day ago IPO

Amity, a Thailand-based startup that provides generative AI tools to businesses like retail and telecom, raised $100M in a Series D as it plans for a 2027 IPO (www.bloomberg.com)
1 day ago IPO Retail Thailand Startup AI

Source: Meta's rollout of Meta Ray-Ban Display in the EU has been hampered by regulations on AI features and removable batteries, as well as supply constraints (www.bloomberg.com)
1 day ago AI Ban

Amazon acquired New York-based Fauna Robotics, which is developing a human-like, 42-inch tall robot that can interact with people, walk, grip items, and dance (www.bloomberg.com)
1 day ago Amazon Robot New York

Epic cuts 1,000+ jobs, saying it is “spending significantly more” than it is making and that the layoffs and $500M in savings put it “in a more stable place” (www.bloomberg.com)
1 day ago Layoffs

Sources: OpenAI nears a deal to raise ~$10B from Abu Dhabi's MGX, Coatue, and Thrive, bringing its latest funding round to ~$120B at a $730B valuation (www.bloomberg.com)
1 day ago

Sources: Apple's plans for a Siri reboot include a standalone Siri app, an overhauled interface in the Dynamic Island, and Ask Siri and Write with Siri features (www.bloomberg.com)
1 day ago Apple

Sources: Microsoft agrees to a deal with Crusoe to lease a data center project in Abilene, Texas, representing ~700 MW, after Oracle and OpenAI walked away (www.bloomberg.com)
1 day ago Microsoft Oracle Texas

OpenAI plans to invest $1B in AI-related causes in 2026 via the OpenAI Foundation, and names co-founder Wojciech Zaremba to lead its AI resilience initiatives (www.bloomberg.com)
1 day ago AI

Finland suspends a plan to move its election platform to AWS, opting to remain on domestic servers through the 2027 general election, as trust in the US frays (www.bloomberg.com)
1 day ago Finland

Halter, which provides AI-powered cow collars for remote herding via audio and vibration cues, raised $220M led by Founders Fund at a $2B valuation (www.bloomberg.com)
1 day ago AI

Epic cuts 1,000+ jobs, saying “we're spending significantly more than we're making” and that the layoffs and $500M in savings put it “in a more stable place” (www.bloomberg.com)
1 day ago Layoffs

Kleiner Perkins raised $3.5B for two new funds, allocating $1B to its 22nd early-stage fund and $2.5B to a growth-stage fund, taking its AUM to $21B+ (www.bloomberg.com)
1 day ago

Russian space company Bureau 1440 says it launched 16 broadband internet satellites, an early operational step in a low-Earth orbit network to rival SpaceX (www.bloomberg.com)
1 day ago Russia SpaceX

Xiaomi reports Q4 revenue up 7.3% YoY to ~$17B, narrowly above est., its slowest growth since 2023, as EV sales failed to make up for slumping smartphone demand (www.bloomberg.com)
1 day ago Xiaomi 4Q

SK Hynix plans to spend ~$8B to buy cutting-edge EUV lithography chipmaking tools from ASML through 2027, as it competes with Samsung to supply DRAM and HBM (www.bloomberg.com)
1 day ago Samsung

Sources: Nintendo plans to cut Switch 2 production this quarter to 4M units, down ~33% from 6M, after weaker-than-expected holiday demand, especially in the US (www.bloomberg.com)
2 days ago Nintendo

Memo: Meta hires the founders and team behind Dreamer, which lets users create AI agents; co-founder Hugo Barra is joining Meta Superintelligence Labs (www.bloomberg.com)
2 days ago AI

Polymarket unveils insider trading rules: no bets on stolen confidential info, illegal tips, or events whose outcomes the user can influence as an insider (www.bloomberg.com)
2 days ago

Sources: Apple is preparing to introduce ads in its Maps app, allowing retailers and brands to bid for ad slots against search queries (www.bloomberg.com)
2 days ago Apple

London-based luxury ride-hailing app Wheely launches in NYC, aiming to compete with Uber Elite; Wheely reports ~1,250 corporate accounts and ~100K active riders (www.bloomberg.com)
2 days ago Uber London

Sources: EA is marketing a $15B debt package to fund its $55B Saudi-led take-private deal, including nearly $700M in projected annual cost savings (www.bloomberg.com)
2 days ago

Leonid Radvinsky, the reclusive billionaire owner of OnlyFans parent Fenix, died at 43 after a long battle with cancer; he acquired the OnlyFans stake in 2018 (www.bloomberg.com)
2 days ago

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