Articles from www.bloomberg.com

Articles from www.bloomberg.com

AI contact center startup Crescendo raised $50M from General Catalyst and others at a $500M valuation, and acquired Idaho-based outsourcing company PartnerHero (www.bloomberg.com)
2024-10-2 Startup AI

Filing: Hong Kong stock exchange executive Yang Qiumei received a 20% stake in SenseTime, worth $1.5B, from her late husband, making her its largest shareholder (www.bloomberg.com)
2024-10-2 Hong Kong

Telegram CEO Pavel Durov says his previous post on ToS updates “may have seemed to announce a major shift in how Telegram works” but “little has changed” (www.bloomberg.com)
2024-10-2

Philippine President Marcos Jr. signs a law imposing a 12% value-added tax on non-resident digital service providers, including Netflix, HBO, and Disney (www.bloomberg.com)
2024-10-2 Tax Netflix Philippines

Sources: Apple nears production of an updated iPhone SE with a design that drops the home button and plans a new iPad mini this year and iPad Air models in 2025 (www.bloomberg.com)
2024-10-2 iPhone Apple iPad

As the US and allies try to sanction Evil Corp., the UK NCA says the ransomware gang conducted cyberattacks and espionage ops on NATO allies on Kremlin orders (www.bloomberg.com)
2024-10-2

Oura says it will see annual sales double to roughly $500M this year; sources: it plans to debut a new, thinner fitness ring with better battery life in October (www.bloomberg.com)
2024-10-1 Battery

Binance founder Changpeng Zhao pledges to keep investing in blockchain, AI, and biotech, in his first comments since his release from US custody on September 27 (www.bloomberg.com)
2024-9-30 Blockchain AI Biotech

AT&T agrees to sell its majority stake in DirecTV to private equity firm TPG for $7.6B in cash, including $1.7B in pre-tax quarterly distributions in H2 2024 (www.bloomberg.com)
2024-9-30 Tax Equity AT&T

Antenna: Netflix cancellations spiked for a few days in late July 2024 after Reed Hastings endorsed Kamala Harris and announced a $7M super PAC donation (www.bloomberg.com)
2024-9-30 Netflix

Sources: Apple considers options for its headsets, including moving compute to iPhone, and is working on homeOS; new Masimo CEO could enable a deal with Apple (www.bloomberg.com)
2024-9-30 iPhone Apple

Mark Zuckerberg's personal wealth has climbed almost sixfold to $200B+ in less than two years, buoyed by Meta's record-high share price, which is up 60%+ YTD (www.bloomberg.com)
2024-9-29 Zuckerberg

The demand for the X100 series of point-and-shoot digital cameras has driven big profits for Fujifilm after the X100V went viral on TikTok in September 2022 (www.bloomberg.com)
2024-9-28

Sources: China is discouraging local companies from purchasing Nvidia's H20 chips to help expand the country's semiconductor industry and counter US sanctions (www.bloomberg.com)
2024-9-28 China Nvidia

Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses (www.bloomberg.com)
2024-9-28 Apple

The UK CMA rules that Amazon's $4B Anthropic deal does not qualify for an investigation under merger laws as Anthropic's UK revenue did not meet needed limits (www.bloomberg.com)
2024-9-27 Amazon

Source: Arm approached Intel about potentially buying Intel's product group, but not factory operations; Intel declined, saying the division isn't for sale (www.bloomberg.com)
2024-9-27 Intel

The US FCC levies a $6M fine on Steve Kramer, who used AI to mimic Biden's voice and made thousands of robocalls to New Hampshire voters in early 2024 (www.bloomberg.com)
2024-9-27 AI

Sources: Robinhood and Revolut are exploring offering their own stablecoins; Tether's USDT has grown to $120B, accounting for over two-thirds of market value (www.bloomberg.com)
2024-9-27

Sources: Tencent is the unidentified shareholder that raised about $206M after selling Chinese brokerage-platform Futu's American depositary shares (www.bloomberg.com)
2024-9-27 China U.S. Tencent

In a filing, Oracle reveals a 29% stake in server CPU design startup Ampere with an option to own; Ampere's CEO Renee James is stepping down from Oracle's board (www.bloomberg.com)
2024-9-26 Startup Oracle

Ubisoft lowers its FY 2024-25 bookings forecast to €1.95B, vs. €2.42B est., and delays Assassin's Creed Shadows to February 14, 2025; UBI closes down 4.52% (www.bloomberg.com)
2024-9-26

Micron reports Q4 revenue up 93% YoY to $7.75B, vs. $7.66B est., forecasts Q1 revenue and profit above estimates, helped by AI demand; MU jumps 13%+ after hours (www.bloomberg.com)
2024-9-26 AI 4Q

US federal court records: the DOJ has been investigating SAP, Carahsoft, and others for potentially conspiring to overcharge government agencies over a decade (www.bloomberg.com)
2024-9-26

Alphabet CEO Sundar Pichai says the US search and ads antitrust lawsuits are “going to take time ... to play out” and an appeal “will likely take many years” (www.bloomberg.com)
2024-9-25 Alphabet

Book excerpt: how Activision CEO Bobby Kotick and Blizzard co-founder Mike Morhaime, once the industry's unstoppable pair, had a falling out starting in 2013 (www.bloomberg.com)
2024-9-25

Chainalysis: inflows to China's over-the-counter crypto brokers topped $20B in Q4 2023, Q1 2024, and Q2 2024 for $75.4B in total, despite Beijing's crypto ban (www.bloomberg.com)
2024-9-25 China Ban 4Q

A profile of Canva, which has an estimated 4% share of the $15.4B creative software market and has doubled its MAUs to 190M since 2022, ahead of a US IPO (www.bloomberg.com)
2024-9-25 IPO

US federal court records show the DOJ has been investigating SAP, IT vendor Carahsoft, and others for potentially conspiring to overcharge government agencies (www.bloomberg.com)
2024-9-25

Sources: Wiz is in discussions to sell existing shares at a valuation between $15B and $20B, after abandoning a deal in July to be acquired by Google for $23B (www.bloomberg.com)
2024-9-25 Google

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