Articles from www.bloomberg.com

Articles from www.bloomberg.com

Netherlands-based Nebius unveils Token Factory, a platform to let companies use open source AI models like GPT-oss, in a bid to compete with AWS and Azure (www.bloomberg.com)
2025-11-5 AI Netherlands

Wiz CEO Assaf Rappaport says the US DOJ concluded its review of Google's planned $32B acquisition; the FTC website dated the early termination to October 24 (www.bloomberg.com)
2025-11-5 Google

Singapore-based Video Rebirth, founded by Tencent AI veteran Liu Wei to develop AI video generation models, raised a $50M seed from Qiming, ActozSoft, and more (www.bloomberg.com)
2025-11-5 AI Tencent Singapore

A profile of Chen Zhi, chairman of Cambodian conglomerate Prince Holding Group, accused by the US and UK of stealing billions of dollars via online scam centers (www.bloomberg.com)
2025-11-5

Bitcoin dropped below $100K for the first time since June on Tuesday; ETH also fell as much as 15% on Tuesday, and many altcoins are down 50%+ this year (www.bloomberg.com)
2025-11-5 Bitcoin ETH

Amazon sent a cease-and-desist to Perplexity, demanding it to stop letting Comet make purchases on users' behalf, accusing it of computer fraud (www.bloomberg.com)
2025-11-5 Amazon

Super Micro reports Q1 revenue down 15% YoY to $5B, vs. $6.09B est., and forecasts Q2 profit below estimates; SMCI drops 9%+ after hours (www.bloomberg.com)
2025-11-5

AMD reports Q3 revenue up 36% YoY to $9.24B, vs. $8.7B est., Data Center revenue up 22% to $4.3B, and forecasts Q4 revenue below the highest projections (www.bloomberg.com)
2025-11-5 4Q AMD

IBM plans to cut “a low single-digit percentage” of its workforce in Q4, affecting thousands of staffers; it employed ~270K workers as of the end of 2024 (www.bloomberg.com)
2025-11-5 IBM 4Q

Sources: Amazon sent a cease-and-desist to Perplexity, demanding it to stop letting Comet make purchases on users' behalf, accusing it of computer fraud (www.bloomberg.com)
2025-11-5 Amazon

Paris prosecutors open a probe into TikTok's algorithm and compliance with requirements to police and report suicide content, after a French government report (www.bloomberg.com)
2025-11-5 France Algorithm Paris

Sources: Apple plans to launch a low-cost laptop powered by an iPhone chip in H1 2026 to rival Chromebooks, aimed at students and casual users, codenamed J700 (www.bloomberg.com)
2025-11-5 iPhone Apple

Instacart launches an AI shopping assistant as part of its white-label e-commerce service, which powers the online shopping sites for some grocery chains (www.bloomberg.com)
2025-11-5 AI

Spotify reports Q3 revenue up 12% YoY to €4.3B, above €4.23B est., subscribers up 12% YoY to 281M, MAUs up 11% YoY to 713M, and a €582M operating income (www.bloomberg.com)
2025-11-4 Spotify

How Portugal is investing ~4.6% of its GDP around the port of Sines, seeking to transform it from a tourism-dependent economy to a tech and industrial hub (www.bloomberg.com)
2025-11-4 GDP Portugal

Grab reports Q3 revenue up 22% YoY to $873M, vs. 869M est., and an adjusted EBITDA of $136M, helped by offerings like group food orders and cheaper shared rides (www.bloomberg.com)
2025-11-4

Sources: WeRide is set to raise ~$308M in its Hong Kong listing, planning to price shares at ~$3.48, representing a ~4% discount to its Monday Nasdaq close (www.bloomberg.com)
2025-11-4 Hong Kong

Crypto.com strikes a deal with Hollywood.com to let users make predictions related to movies, actors, shows, and awards (www.bloomberg.com)
2025-11-4

Cisco launches Unified Edge, an all-in-one system to help retail stores, health care facilities, and factories use AI with a single equipment rack (www.bloomberg.com)
2025-11-4 Retail AI Cisco

Microsoft plans to spend $7.9B+ on data centers, cloud, and staff in the UAE over the next four years, taking its total UAE investment to $15B from 2023 to 2029 (www.bloomberg.com)
2025-11-3 Microsoft

Proofpoint says it has “high confidence” that hackers are working with organized crime groups to infiltrate trucking and freight companies to steal cargo (www.bloomberg.com)
2025-11-3

Hong Kong-based crypto investor Animoca Brands plans to list on the Nasdaq via a reverse merger with Currenc Group, set to close in 2026 (www.bloomberg.com)
2025-11-3 Hong Kong

Microsoft signs a five-year, ~$9.7B deal to buy AI cloud capacity from Sydney-based IREN, giving Microsoft access to Nvidia's GB300 in IREN's Texas facility (www.bloomberg.com)
2025-11-3 Microsoft AI Nvidia Sydney Texas

Xi Jinping joked about security backdoors when presenting South Korean President Lee Jae Myung with Xiaomi smartphones at APEC, amid US concerns about Huawei (www.bloomberg.com)
2025-11-3 Korea Xiaomi APEC

Sources: Pony AI plans to raise $863M in its November 6 Hong Kong IPO by selling 48.3M shares at ~$17.88 each, below its October 31 Nasdaq close at $18.68 (www.bloomberg.com)
2025-11-3 Hong Kong IPO AI

Microsoft's AI tools still lag behind OpenAI's, as Microsoft struggles to create a cohesive AI experience and add new features by integrating OpenAI models (www.bloomberg.com)
2025-11-2 Microsoft AI

The White House says China has agreed to effectively end rare earth export controls issued in 2025 and 2022, and will also close probes of US chip companies (www.bloomberg.com)
2025-11-2 China

Turkish state media reports that Faruk Fatih Ozer, the former CEO of failed crypto exchange Thodex, has been found dead in his prison cell (www.bloomberg.com)
2025-11-2

Singapore seizes more than $115M in assets linked to Cambodia's Prince Group, which the US and UK accuse of stealing billions of dollars via online scam centers (www.bloomberg.com)
2025-11-1 Singapore Asset Cambodia

Vista Equity Partners buys a majority stake in Nexthink, which uses AI to let businesses track employees' device and app performance, valuing Nexthink at $3B (www.bloomberg.com)
2025-11-1 AI Equity

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