Articles from www.bloomberg.com

Articles from www.bloomberg.com

Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts (www.bloomberg.com)
2025-5-6

Wonder, which runs Grubhub and Blue Apron, raised $600M led by NEA, a source says at a $7B+ valuation, and CEO Marc Lore says it has $2B+ in revenue (www.bloomberg.com)
2025-5-6

DoorDash plans to acquire New York-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13,000+ clients (www.bloomberg.com)
2025-5-6 New York

Elon Musk's attorney says OpenAI's nonprofit reversal is “a transparent dodge that fails to address the core issues” and “the founding mission remains betrayed” (www.bloomberg.com)
2025-5-6 Elon Musk

The US Treasury Department sanctions the Myanmar-linked Karen National Army over helping organized crime groups operate multibillion-dollar “scam compounds” (www.bloomberg.com)
2025-5-6

Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, and is seeking assurance that changes will protect its $13.75B stake (www.bloomberg.com)
2025-5-6 Microsoft

Sources: OpenAI reaches an agreement to buy Windsurf, an AI coding tool formerly known as Codeium, for about $3B; the deal has not yet closed (www.bloomberg.com)
2025-5-6 AI

Palantir reports Q1 revenue up 39% YoY to $884M, vs. $863M est., and raises 2025 sales guidance to $3.9B on demand for AI software that's a “ravenous whirlwind” (www.bloomberg.com)
2025-5-6 AI

Sources: General Atlantic is in advanced talks to buy a minority stake in Blackstone-backed Liftoff; the deal would value the mobile app marketing firm at $4B+ (www.bloomberg.com)
2025-5-6 Mobile

The UAE will add AI to public school curriculum, including ethical awareness and foundational concepts, for kindergarten pupils through to 12th grade this year (www.bloomberg.com)
2025-5-5 AI

As Xbox hikes game prices, the three highest-reviewed games of 2025 so far on Metacritic—Clair Obscur, Blue Prince, and Split Fiction—are all budget titles (www.bloomberg.com)
2025-5-5 Budget Xbox

An in-depth look at the impact of stratospheric pollution from satellite reentries on the ozone layer, as Starlink and others launch more internet satellites (www.bloomberg.com)
2025-5-4

US v. Google: Google says its controls for publishers to opt out of AI training only cover work by Google DeepMind, not training by its other units for search (www.bloomberg.com)
2025-5-3 Google AI

A hacking group called DragonForce takes credit for ransomware attacks targeting British retailers M&S, Harrods, and Co-Op over the past two weeks (www.bloomberg.com)
2025-5-3 U.K.

Sources: Apple is working with Anthropic for a new version of Xcode that will use Claude Sonnet to write, edit, and test code, with plans to roll out internally (www.bloomberg.com)
2025-5-3 Apple

Sources: eToro is considering launching its US IPO as soon as next week, after pausing its plans in April amid tariff-related stock volatility (www.bloomberg.com)
2025-5-3 IPO

Apple plans to source more than 19B chips from the US this year, including from TSMC's expanding Arizona facilities, as it seeks to lessen its reliance on China (www.bloomberg.com)
2025-5-2 China Apple

Google begins showing AdSense ads in conversations with AI chatbots; sources say Google tested the ads in 2024 with startups, like AI search apps iAsk and Liner (www.bloomberg.com)
2025-5-2 Google Startup AI chatbot

Instacart reports Q1 revenue up 9% YoY to $897M and gross transaction volume up 10% to $9.1B, and forecasts Q2 revenue above est.; CART jumps 5%+ after hours (www.bloomberg.com)
2025-5-2

LinkedIn will share ad revenue with creators for the first time, starting with 30 B2B creators, and says users now watch 36% more video content than a year ago (www.bloomberg.com)
2025-5-2 LinkedIn

Sources: the US is weighing a potential easing of restrictions on Nvidia chip sales to the UAE as Trump plans a visit to the country; NVDA jumps 4%+ (www.bloomberg.com)
2025-5-2 Trump Nvidia

Sources: Ripple proposed acquiring Circle for $4B to $5B, which was rejected as too low, and remains interested but hasn't decided whether to make another offer (www.bloomberg.com)
2025-5-2

Roblox reports Q1 revenue up 29% YoY to ~$1B, Bookings up 31% YoY to ~$1.2B, above $1.11B est., and DAUs up 26% YoY to 97.8M, above 93.3M est.; RBLX jumps 8%+ (www.bloomberg.com)
2025-5-1

Document: a US Army report from April ranks Palantir's new $178M mobile battlefield intelligence-gathering vehicle and trailer among its top-performing programs (www.bloomberg.com)
2025-5-1 Mobile Intelligence

Uber launches a simpler UI for older adults, offering larger text, easy to find saved destinations, and fewer homescreen buttons; Lyft plans a similar update (www.bloomberg.com)
2025-5-1 Uber

Experts say China's hacking breakthroughs have become more secretive since laws began requiring researchers to report vulnerabilities to the government first (www.bloomberg.com)
2025-5-1 China

Google AdSense begins showing ads in conversations with AI chatbots; sources: Google tested the ads with some startups, including AI search apps iAsk and Liner (www.bloomberg.com)
2025-5-1 Google Startup AI chatbot

A US judge rules Apple violated a 2021 court order to open the App Store to outside payment options, and refers the case for a criminal contempt investigation (www.bloomberg.com)
2025-5-1 Apple

Qualcomm reports Q2 revenue up 17% YoY to $11B, vs. $10.6B est., handsets revenue up 12%, forecasts Q3 revenue slightly below est.; QCOM drops 5%+ after hours (www.bloomberg.com)
2025-5-1

Visa partners with Stripe's Bridge to help fintechs launch their own stablecoin-linked card programs in multiple countries at once, starting in Latin America (www.bloomberg.com)
2025-5-1 U.S. Latin America

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