Articles from www.bloomberg.com

Articles from www.bloomberg.com

Ethereum is grappling with uncertainties as its reliance on Layer-2 blockchains grows, leading to lower fee collection, while rivals like Solana gain ground (www.bloomberg.com)
2024-12-1 Ethereum

The Commonwealth Bank of Australia says generative AI tools have helped it lower frauds by 30% and reduce call center customer wait times by 40% in 2024 (www.bloomberg.com)
2024-11-30 Australia AI

Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus (www.bloomberg.com)
2024-11-29 Japan Startup AI Quantum

Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO (www.bloomberg.com)
2024-11-29 Hong Kong IPO

The German government plans new chip subsidies, sources say about €2B, two months after Intel shelved plans to build a €30B factory in Magdeburg (www.bloomberg.com)
2024-11-29 Germany Intel

Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns (www.bloomberg.com)
2024-11-29 Australia Ban

Memo: Revolut tells ex-staff who were at the startup for 2+ years and held $100K+ in vested stock that they can join a secondary share sale at a $45B valuation (www.bloomberg.com)
2024-11-29 Startup

An ex-staffer sues Binance for dismissing her for allegedly raising concerns about a co-worker taking a bribe; Binance says she was fired for poor performance (www.bloomberg.com)
2024-11-29

Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined A$50M (www.bloomberg.com)
2024-11-28 Australia Ban Senate

Cloud backup startup Eon raised $70M led by BOND at a $1.4B valuation, taking its total funding to $200M since its January 2024 founding by AWS alumni (www.bloomberg.com)
2024-11-28 Startup

DefiLlama: the total market cap for stablecoins has risen 46% in 2024 to a record ~$190B, regaining ground lost after TerraUSD's infamous collapse in 2022 (www.bloomberg.com)
2024-11-28

Filing: Zoom offers $18M to settle an SEC probe from 2020 over the company's privacy policies and communications, as its popularity surged during the pandemic (www.bloomberg.com)
2024-11-28

Sources: US FTC has opened an antitrust investigation of Microsoft, focusing on its cloud and software licensing business and its cybersecurity and AI products (www.bloomberg.com)
2024-11-28 Microsoft AI

T-Mobile's CSO says “suspicious behavior, discovery-type commands” on the company's network devices tipped it off to the suspected Salt Typhoon-linked breach (www.bloomberg.com)
2024-11-28 Mobile

Sources: Trump's team interviewed Paul Atkins, a former SEC commissioner and strong proponent of crypto and fintech companies, as a candidate to lead the SEC (www.bloomberg.com)
2024-11-28 Trump Fintech

Filing: Google asks a US federal appeals court to throw out the Epic ruling that would force it to overhaul the Play Store, as it competes with Apple and more (www.bloomberg.com)
2024-11-28 Google Apple

The US FTC is investigating Uber after customers complained the company signed them up for Uber One without their consent and made it difficult to cancel (www.bloomberg.com)
2024-11-28 Uber

Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap (www.bloomberg.com)
2024-11-28 China IPO AI

Sources: Guangzhou-based self-driving company Pony.AI raised $260M after pricing its US IPO at $13 per share, the top of the range, implying a ~$4.5B valuation (www.bloomberg.com)
2024-11-27 IPO AI

Amsterdam-based Just Eat plans to delist from the London Stock Exchange on December 27 owing to the low liquidity, shifting to just an Amsterdam listing (www.bloomberg.com)
2024-11-27 London

Game console makers rethink selling more powerful machines, as performance improvements become less dramatic and consumers can't tell between 4K and 8K graphics (www.bloomberg.com)
2024-11-27

South Korea says it will bolster its domestic chipmakers next year with $10.2B in support including loans, citing potential economic uncertainty under Trump (www.bloomberg.com)
2024-11-27 Trump Korea

Kraken says it is shutting down its NFT marketplace almost two years after it was launched (www.bloomberg.com)
2024-11-27

HP reports Q4 revenue up 1.7% YoY to $14.1B, Personal Systems revenue up 2% to $9.59B vs. $9.74B est., forecasts Q1 profit below est.; HPQ drops 7%+ after hours (www.bloomberg.com)
2024-11-27 4Q

Uber launches a data labeling service called Scaled Solutions, accepting gig worker signups from India, the US, Canada, Poland, and Nicaragua (www.bloomberg.com)
2024-11-27 India Uber Canada Poland

/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation (www.bloomberg.com)
2024-11-27 AI

OpenAI, Meta, and Orange plan to train AI models on African languages, starting with Wolof and Pulaar, addressing a shortage for Africa's thousands of dialects (www.bloomberg.com)
2024-11-26 AI Africa

Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations (www.bloomberg.com)
2024-11-26

Sources: Xiaomi prepares its own mobile chip for its smartphones, to reduce reliance on Qualcomm and MediaTek, with mass production expected to begin in 2025 (www.bloomberg.com)
2024-11-26 Mobile Xiaomi

Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition” (www.bloomberg.com)
2024-11-26 Intel

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