Articles from www.bloomberg.com

Articles from www.bloomberg.com

SCOTUS dismisses Nvidia's appeal over facing a lawsuit alleging it mislead shareholders about its reliance on crypto mining revenue, leaving it to face the suit (www.bloomberg.com)
2024-12-12 Nvidia

TechInsights: Huawei's new Mate 70 Pro Plus uses the same 7nm Kirin 9020 chip produced by SMIC as 2023's Mate 60 Pro, contradicting rumors of a 5nm chip (www.bloomberg.com)
2024-12-12

How Tencent's MoreFun Studios, on the verge of collapse a decade ago, is fueling the company's ambitions to create “evergreen” global gaming franchises (www.bloomberg.com)
2024-12-11 Tencent

German online fashion retailer Zalando agrees to buy About You, a smaller rival, for ~€1.2B, or €6.50 per share, a ~67% premium on December 10's closing price (www.bloomberg.com)
2024-12-11 Germany

TikTok is offering users hundreds of dollars in Shop credits to spend time in the app, invite friends to join, and purchase products, ahead of a possible US ban (www.bloomberg.com)
2024-12-11 Ban

Google's top lobbyist Mark Isakowitz departs to become GOP Senator-elect Dave McCormick's chief of staff, leaving a power vacuum in the company's lobbying team (www.bloomberg.com)
2024-12-11 Google Republican

Amazon plans to test a 15-minute delivery service for items ranging from grocery to household goods in India this month, starting with some areas in Bengaluru (www.bloomberg.com)
2024-12-11 India Amazon

GM says Cruise will exit the robotaxi business, and Cruise and GM's technical teams will be combined to focus on autonomous tech for upcoming GM vehicles (www.bloomberg.com)
2024-12-11

Sources: 2025's Apple Watch Ultra is slated to get satellite connectivity for off-the-grid text messages, and it may also get a blood pressure sensing feature (www.bloomberg.com)
2024-12-11 Apple

AI language learning startup Speak, which focuses on speaking, not gamification, raised $78M led by Accel at a $1B valuation, taking its total funding to $162M (www.bloomberg.com)
2024-12-11 Startup AI

TikTok launches TikTok Shop in Spain, letting creators sell products from beauty to home appliances, the first step of the feature's European rollout (www.bloomberg.com)
2024-12-10 Europe Spain

TeamViewer says it plans to buy 1E, which makes automated remediation software, from Carlyle for $720M, closing in early 2025, its biggest ever acquisition (www.bloomberg.com)
2024-12-10

Microsoft unveils a new data center design that aims to use zero water, down from the 125M litres per year a typical center uses, rolling out since August 2024 (www.bloomberg.com)
2024-12-10 Microsoft

A growing cohort of AI startups are recruiting scores of experts to train models on highly specialized tasks for sensitive sectors like defense and health care (www.bloomberg.com)
2024-12-10 Startup AI

Filing: TikTok asks a US court to put on hold a law forcing a sale or ban of the app until SCOTUS can review it and the Trump admin can decide its position (www.bloomberg.com)
2024-12-10 Trump Ban

WaveForms, which aims to create AI assistants that pick up on emotional cues from verbal interactions, raised a $40M seed from a16z at a $200M valuation (www.bloomberg.com)
2024-12-10 AI

A look at Grand Theft Auto VI, set for release in 2025 after Rockstar started development in 2018, as Rockstar tries to improve its culture after the 2022 hack (www.bloomberg.com)
2024-12-10

Russian documents and sources detail how Putin's forces have been able to keep buying US chips, including $6M from Texas Instruments, via a Russian distributor (www.bloomberg.com)
2024-12-9 Russia Texas

Chinese state media: the State Administration for Market Regulation opened an investigation into Nvidia over allegedly breaking anti-monopoly laws (www.bloomberg.com)
2024-12-9 China Nvidia

A look at Trump's potential collision course with the EU over its Big Tech crackdown: the EU targeting Elon Musk and X, Apple's and Meta's fines, and more (www.bloomberg.com)
2024-12-9 Trump Apple Elon Musk

Researchers: Meta let 25 Facebook Pages run 4K+ ads attacking Romania's pro-EU candidate and promoting far-right figures, hitting 199M+ views since August 2024 (www.bloomberg.com)
2024-12-9 Facebook Far-right Romania

How Russia-linked Akira group's ransomware attack on Knights of Old in June 2023 led to the 158-year-old UK delivery firm's bankruptcy after it refused to pay (www.bloomberg.com)
2024-12-9 Russia

Bloomberg Intelligence: the Magnificent Seven's combined profit growth is projected to slow from 34% in 2024 to 18% in 2025, or just 3% if Nvidia is excluded (www.bloomberg.com)
2024-12-9 Nvidia Intelligence

Sources: Apple is working with Sony to add support for PlayStation VR2 controllers in visionOS; Apple has sold fewer than 500K units of the Vision Pro (www.bloomberg.com)
2024-12-9 VR Apple Sony

ElevenLabs, which is reportedly raising $200M at a $3B valuation, launches a tool to let users create and edit AI-hosted podcasts from various source materials (www.bloomberg.com)
2024-12-9 AI

How the US-China fallout is fueling the rise of boomtowns in Vietnam and Malaysia, as companies and governments rush to develop AI and establish chipmaking hubs (www.bloomberg.com)
2024-12-9 China AI Malaysia Vietnam

Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him (www.bloomberg.com)
2024-12-8

Linda Yaccarino says X worked with the authors of the Kids Online Safety Act to make changes to protect freedom of speech and urges the House to pass the bill (www.bloomberg.com)
2024-12-8

A MarketVector index of the bottom half of the largest 100 digital tokens has risen over 2x since Trump's November 5 election win, topping the ~46% Bitcoin jump (www.bloomberg.com)
2024-12-7 Trump Bitcoin

Galaxy Research: crypto lending via DeFi apps and centralized providers grew ~3x YoY to $36.8B in the first nine months of 2024; DeFi lender apps handled ~$31B (www.bloomberg.com)
2024-12-7

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