Articles from www.bloomberg.com

Articles from www.bloomberg.com

Memo: Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside 3,200 job cuts, to streamline the business, in a “reset” (www.bloomberg.com)
2026-7-6 Xbox

Reddit says its AI-powered content moderation systems caught 25K “spammy posts and comments” per day in Q1, reducing users exposure to such content by 20% YoY (www.bloomberg.com)
2026-7-6 AI Reddit

Filing: Brookfield-backed data center company Csquare seeks to raise up to $1.35B in an IPO, selling 50M shares at $23 to $27 each for an up to $4.18B valuation (www.bloomberg.com)
2026-7-6 IPO

A profile of Samsung union leader Choi Seung-ho, who helped win a ~$26B bonus package for chip employees, as he tries to resolve the rift over bonus gaps (www.bloomberg.com)
2026-7-6 Samsung

AI-driven drops in labor income and gains in capital income could hit Ireland's tax base, with 6%+ of its workforce in tech and heavy exposure to US companies (www.bloomberg.com)
2026-7-6 Tax AI Ireland

A US federal judge ordered the DOD to shield Alibaba from a law that led lobbyists to drop it as a client while she weighs the measure's constitutionality (www.bloomberg.com)
2026-7-6 Alibaba

A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction (www.bloomberg.com)
2026-7-5

Official data shows Hong Kong accounted for 50%+ of China's $239B in chip imports in the first five months of 2026, a record share, up from ~33% a decade ago (www.bloomberg.com)
2026-7-4 China Hong Kong

Micron breaks ground on its ~$9.3B Hiroshima factory expansion, part of its global ramp-up to meet AI demand, and plans to start HBM shipments from summer 2028 (www.bloomberg.com)
2026-7-4 AI

A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (www.bloomberg.com)
2026-7-4 China AI Asset

Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches (www.bloomberg.com)
2026-7-4 Texas

Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, following years of local opposition and legal challenges (www.bloomberg.com)
2026-7-3 Virginia

Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage (www.bloomberg.com)
2026-7-3 Samsung

SpaceX cuts Starlink's monthly prices in half in the Memphis area, as it endures blowback and legal challenges from opponents of its Colossus data centers (www.bloomberg.com)
2026-7-3 SpaceX

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (www.bloomberg.com)
2026-7-3

Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (www.bloomberg.com)
2026-7-3 Startup

Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits grew from $1.1B in March to $4B now (www.bloomberg.com)
2026-7-3

Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (www.bloomberg.com)
2026-7-3 AI

SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by 2030 (www.bloomberg.com)
2026-7-2 AI

Sources: Meta plans a cloud infrastructure business that will sell access to AI compute and models, to compete with AWS, Azure, and Google Cloud; META jumps 9% (www.bloomberg.com)
2026-7-2 Google AI

Germany-based Quantum Systems, which sells surveillance drones used by Ukraine, raised $1.2B led by Blackstone, Noteus, Airbus, and Advent at an ~$8B valuation (www.bloomberg.com)
2026-7-2 Germany Airbus Drone Ukraine Quantum

A look at the CSOP SK Hynix Leveraged ETF, which trades in Hong Kong and has ballooned into a $13B fund, becoming the world's largest single-stock leveraged ETF (www.bloomberg.com)
2026-7-2 Hong Kong ETF

The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android market power should stand (www.bloomberg.com)
2026-7-2 Android Europe Google

Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (www.bloomberg.com)
2026-7-2

Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (www.bloomberg.com)
2026-7-2 China Apple Pentagon

India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly (www.bloomberg.com)
2026-7-2 India IPO

Amazon's emissions rose 16%+ YoY in 2025, driven by data center construction and delivery fuel, while Google's “ambition-based” emissions jumped 18% YoY in 2025 (www.bloomberg.com)
2026-7-2 Google Amazon

Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO (www.bloomberg.com)
2026-7-2 IPO

Sources: Apple is working on new iPad Pros and an entry-level 14" MacBook Pro with a new design in line with the upcoming touch-screen laptops for H1 2027 (www.bloomberg.com)
2026-7-2 Apple MacBook iPad

Uber dismissed two leaders at its AI data labeling business as part of a broader leadership transition at the unit, which it says is “seeing strong momentum” (www.bloomberg.com)
2026-7-2 Uber AI

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