Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources detail how Firmus' IPO collapsed in 48 hours after US fund managers deemed its $30B valuation too rich for a company with just $51M in FY 2026 revenue (www.bloomberg.com)
2026-10-10 IPO

A man US authorities called a “fixer”, who was charged alongside Super Micro co-founder Yih-Shyan Liaw with smuggling restricted chips to China, pleaded guilty (www.bloomberg.com)
2026-10-10 China

Sources: Ramp raised about $1.85B led by Dragoneer and Thrive Capital at a $60B pre-money valuation, up from $44B in June, when it raised $750M (www.bloomberg.com)
2026-10-10

Jev developer TypeSafe AI raised ~$870M led by a16z at a $7.5B valuation with Sequoia and others participating (www.bloomberg.com)
2026-10-10 AI

The UK plans to curb non-compete rules that force employees to wait before moving jobs or starting companies, an issue that has drawn complaints from startups (www.bloomberg.com)
2026-10-10 Startup

A slew of cyberattacks hit Japanese companies in September, exposing the data of millions and prompting calls for security checks, as AI lowers hacking barriers (www.bloomberg.com)
2026-10-9 Japan AI

Meta bans ByteDance ads and paid marketing, plus third-party campaigns linking to TikTok, in the US, Canada, Egypt, Indonesia, Japan, Thailand, and Vietnam (www.bloomberg.com)
2026-10-9 Japan Thailand Canada Indonesia Vietnam Egypt

SpaceX agrees to buy a nationwide low-band spectrum portfolio to help Starlink “become a major mobile carrier”; AT&T, T-Mobile, Verizon fall 6%+ after hours (www.bloomberg.com)
2026-10-9 Mobile AT&T SpaceX

USV raised $900M, including a $500M early-stage fund, up from $275M in 2024, cuts general partnership to four investors, and aims to lead more AI rounds (www.bloomberg.com)
2026-10-9 AI

Sources: Apple plans a second October launch, on or around October 27, for its first touch-screen MacBook, a new iPad mini, and M6 14-inch MacBook Pro and iMac (www.bloomberg.com)
2026-10-9 Apple MacBook iPad

Filing: the FTC is probing Block over inadequate customer service for frozen or deactivated Square accounts amid staffing cuts, following 1,500+ complaints (www.bloomberg.com)
2026-10-9

Sources: Apple promotes Carson Oliver to VP of the App Store and names Steve Smith as M&A chief, replacing Adrian Perica, who keeps iCloud, Fitness+, and News (www.bloomberg.com)
2026-10-9 Apple

Sources: Firmus is set to postpone its IPO and is weighing a private funding round instead, as some investors raised concerns over its pricing strategy (www.bloomberg.com)
2026-10-9 IPO

GlobalFoundries signs a five-year, $2B deal to provide silicon interposer production capacity to TSMC, manufactured at GlobalFoundries' New York facility (www.bloomberg.com)
2026-10-9 New York

Arena, which develops the popular AI model leaderboard, raised $200M at a $3.1B valuation, up from $1.7B in January, and launches an Alignment Index (www.bloomberg.com)
2026-10-9 AI

Hone, founded by former OpenAI and Cognition staffers to create AI agents that can help run a business, raised a $60M seed at a $285M valuation (www.bloomberg.com)
2026-10-9 AI

Sources: the IPO of Nvidia-backed data center provider Firmus is uncertain after failing to attract adequate support, underscoring concerns over AI funding (www.bloomberg.com)
2026-10-9 IPO AI Nvidia

Analysis: planned and active data center investments in Finland surpass €67B, driven by AI demand, cool climate conditions, and renewable energy access (www.bloomberg.com)
2026-10-8 Energy AI Climate Renewable Finland

India's Global Capability Centers, which employ 2.4M people across companies like JPMorgan, are automating entry-level tasks and hiring far fewer graduates (www.bloomberg.com)
2026-10-8 India JPMorgan

UK-based quantum computing startup Universal Quantum raised a $100M+ Series A led by DCVC and Firgun Ventures to expand research hubs in Germany and Singapore (www.bloomberg.com)
2026-10-8 Germany Startup Singapore Quantum

A profile of Garmin CEO Cliff Pemble, who helped diversify its GPS product lines and grew annual revenue from $2.6B in 2013 to a record $7.2B last year (www.bloomberg.com)
2026-10-8 GPS

Filing: Shanghai-based AI chipmaker Biren raises ~$515M in a new share sale; Biren's Hong Kong-listed stock is down 50%+ from a June peak but up ~70% YTD (www.bloomberg.com)
2026-10-8 Hong Kong AI Shanghai

Sources: Isomorphic Labs, an AI drug discovery startup spun out of Google DeepMind, is in early talks to raise funds at a valuation of at least $40B (www.bloomberg.com)
2026-10-8 Google Startup AI

Keyu Tian, a former ByteDance intern, raised ~$30M from 5Y and IDG for his unnamed AI lab that focuses on building world models, at a $200M post-money valuation (www.bloomberg.com)
2026-10-8 AI IDG

Samsung reports preliminary Q3 operating profit up 782% YoY to ~$80.1B, vs. ~$81.2B est., and revenue up 127% to ~$145.7B, lower than expected (www.bloomberg.com)
2026-10-8 Samsung

The DOD offers chipmaker Wolfspeed, which filed for bankruptcy in 2025, a conditional loan of up to $1.5B in exchange for warrants for up to 7.5% of the company (www.bloomberg.com)
2026-10-8

Game studio Gardens Interactive raised a $35M+ Series B led by Lightspeed at a pre-money valuation of $190M, taking its total funding to $71M (www.bloomberg.com)
2026-10-8

Amazon's Ring unveils the $249 Ring Smart Lock, which uses a physical dial to recharge the battery when turned, set for a Q1 2027 launch, and five new cameras (www.bloomberg.com)
2026-10-8 Amazon Battery

Elon Musk says his business empire will build and operate the Texas-based Terafab chipmaking project, explicitly ruling out any operational role for TSMC (www.bloomberg.com)
2026-10-7 Elon Musk Texas

Filing: China-based Transsion, which commands 53% of Africa's mobile phone market by unit sales, is seeking to raise as much as ~$428M in a Hong Kong share sale (www.bloomberg.com)
2026-10-7 China Hong Kong Mobile Africa

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