Articles from www.bloomberg.com

Articles from www.bloomberg.com

Source: during a presentation, Chief Commercial Officer Judson Althoff said AI saved Microsoft $500M+ last year in its call centers and increased satisfaction (www.bloomberg.com)
2025-7-10 Microsoft AI

Sources: Meta offered Ruoming Pang a $200M+ pay package over a several-year period in line with Meta's other major AI hires; Apple didn't try to match the offer (www.bloomberg.com)
2025-7-10 AI Apple

Israeli VC firm Cyberstarts has raised a $300M fund to allow long-time employees at some of its portfolio companies to cash out their vested shares (www.bloomberg.com)
2025-7-10 Israel

Source: Microsoft's Chief Commercial Officer said during a presentation that AI saved Microsoft $500M+ last year in its call centers and increased satisfaction (www.bloomberg.com)
2025-7-10 Microsoft AI

France's antitrust regulator has notified Meta of a potential antitrust violation, accusing it of abusing its dominant position in the online ad sector (www.bloomberg.com)
2025-7-10 France

Sources: Apple is planning the first Vision Pro upgrade later in 2025, with an M4 chip and a new strap, and a lighter, redesigned version for 2027 (www.bloomberg.com)
2025-7-10 Apple

California State Senator Scott Wiener makes amendments to SB 53, which has transparency requirements for AI companies but omits SB 1047's provision on liability (www.bloomberg.com)
2025-7-10 AI California

Apple says COO Jeff Williams will step down in July, overseeing design and health until he retires later in 2025; SVP of Operations Sabih Khan will become COO (www.bloomberg.com)
2025-7-9 Apple

The US Treasury's OFAC sanctions individuals and companies linked to North Korea's fake tech worker scheme, including “malicious cyber actor” Song Kum Hyok (www.bloomberg.com)
2025-7-9 Korea

CA state Senator Scott Wiener releases amendments to SB 53, which has transparency requirements for AI companies but omits SB 1047's provision on liability (www.bloomberg.com)
2025-7-9 AI

Millions of China's gig workers are having to endure record heat waves without legally mandated “heat wave allowances”, cooling breaks, or adequate insurance (www.bloomberg.com)
2025-7-9 China Insurance

An analysis finds Chinese firms aim to buy 115K+ US-sanctioned Nvidia H100 and H200 chips for 39 data centers across China's western deserts, mostly in Xinjiang (www.bloomberg.com)
2025-7-9 China Nvidia

Sources: Mistral AI is in talks to raise as much as $1B in equity from several investors including Abu Dhabi's MGX; it has raised €1B+ since its 2023 founding (www.bloomberg.com)
2025-7-9 AI Equity

Sources: Meta has bought under 3% of Ray-Ban maker EssilorLuxottica, a stake worth ~€3B, and is considering further investment that could build the stake to ~5% (www.bloomberg.com)
2025-7-9 Ban

Dubai-based Xpanceo, which is developing smart contact lenses with night vision, health monitoring, and more, raised a $250M Series A at a $1.35B valuation (www.bloomberg.com)
2025-7-9 Dubai

El Salvador-based Tether says it holds nearly 80 tons of gold, worth ~$8B, in a vault in Switzerland; precious metals made up nearly 5% of its reserves in March (www.bloomberg.com)
2025-7-9 Switzerland

X says the Indian government ordered it to block two Reuters accounts on July 3 and demanded immediate action, then told X to unblock them after “public outcry” (www.bloomberg.com)
2025-7-9 India

French chipmaker SiPearl raised a €130M Series A from Taiwan's Cathay Venture and others to develop its Arm-based Rhea1 AI chip, set to feature 80 cores (www.bloomberg.com)
2025-7-8 France Taiwan AI

As Amazon Prime Day begins, some merchants say they can't afford to offer discounts due to Trump's tariffs; Adobe expects $23.8B in sales across the four days (www.bloomberg.com)
2025-7-8 Trump Amazon Adobe

An open letter signed by 602 founders, VCs, and more urges Sequoia act after Shaun Maguire said Zohran Mamdani “comes from a culture that lies about everything” (www.bloomberg.com)
2025-7-8

Quantum computing company IonQ raised $1B via a sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna International Group (www.bloomberg.com)
2025-7-8 Quantum

Sources: Ruoming Pang, head of the foundation models team at Apple, is leaving to join Meta, which offered a package worth tens of millions of dollars per year (www.bloomberg.com)
2025-7-8 Apple

CoreWeave says it agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity (www.bloomberg.com)
2025-7-7 Bitcoin AI 4Q

Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from rivals, after a GitHub group accused it of copying (www.bloomberg.com)
2025-7-7 AI GitHub

France's Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients (www.bloomberg.com)
2025-7-7 France AI

A look at the US Secret Service's GIOC, which sources say helped seize ~$400M in digital assets over the past decade through crypto scam investigations globally (www.bloomberg.com)
2025-7-7 Asset

Q&A with British Library CEO Rebecca Lawrence on dealing with the aftermath of a major October 2023 cyberattack, AI scraping, AI for text analysis, and more (www.bloomberg.com)
2025-7-7 U.K. AI

Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations (www.bloomberg.com)
2025-7-6 AI Nvidia

Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying (www.bloomberg.com)
2025-7-5 Bitcoin

The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped (www.bloomberg.com)
2025-7-5 AI

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