Articles from www.bloomberg.com

Articles from www.bloomberg.com

Alibaba debuts New Quark, an updated app using its flagship Qwen reasoning model, rolling out gradually, as it seeks to keep up with DeepSeek and Chinese rivals (www.bloomberg.com)
2025-3-13 China Alibaba

Intel's new CEO Lip-Bu Tan says he will stick with the costly foundry plan, which led to Pat Gelsinger's ouster, to make Intel “a world-class products company” (www.bloomberg.com)
2025-3-13 Intel

Boston-based Insilico, which uses AI for drug discovery and has extensive operations in China, raised a $110M Series E led by Value Partners at a $1B+ valuation (www.bloomberg.com)
2025-3-13 China AI

Sources: Supabase, which bills itself as an open-source alternative to Google's Firebase, is raising $100M+ in a round led by Accel, valuing the company at ~$2B (www.bloomberg.com)
2025-3-13 Google

French publishers and authors sue Meta for allegedly training AI models on their books without consent, say they have evidence of “massive” copyright breaches (www.bloomberg.com)
2025-3-13 France AI

Adobe reports Q1 revenue up 10% YoY to $5.71B, vs. $5.66B est., Digital Media revenue up 11% to $4.23B, and issues a disappointing outlook for Q2 revenue growth (www.bloomberg.com)
2025-3-13 Adobe

Sources: the FTC moves ahead with an antitrust probe of Microsoft opened by Lina Khan, signaling that new Chair Andrew Ferguson prioritizes Big Tech scrutiny (www.bloomberg.com)
2025-3-13 Microsoft

Binance says Abu Dhabi's MGX acquired a minority stake for $2B, the first institutional investment in the exchange and MGX's first entry into the crypto (www.bloomberg.com)
2025-3-13

Roomba maker iRobot warns of “substantial doubt” over its ability to continue operating, after Amazon abandoned a $1B+ takeover in January 2024; IRBT drops 35%+ (www.bloomberg.com)
2025-3-13 Amazon

Alibaba demos R1-Omni, an open-source model that its Tongyi Lab researchers say can read emotions, building on HumanOmni, in a bid to compete with OpenAI (www.bloomberg.com)
2025-3-12 Alibaba

Estonian startups aim to turn its thriving tech sector into a military-industrial complex, including making autonomous drones, as Europe boosts defense spending (www.bloomberg.com)
2025-3-12 Europe Startup Drone

Bengaluru is becoming an AI talent hub as overseas startups compete with Big Tech; Bain & Co predicts India's AI talent gap will reach 1M workers by 2027 (www.bloomberg.com)
2025-3-12 India Startup AI

Deliveroo exits Hong Kong after tough competition from Foodpanda and Meituan's Keeta, which has expanded to Saudi Arabia, with 1M weekly users per Sensor Tower (www.bloomberg.com)
2025-3-12 Hong Kong Arabia Sensor Saudi Arabia

Sources: Google is in final talks to acquire AdHawk Microsystems, a Canadian maker of eye-tracking tech, for $115M, including $15M in performance-based payments (www.bloomberg.com)
2025-3-12 Google Canada

After tech companies like Amazon and Microsoft made huge bets on AI, the gadget boom that started with the launch of Alexa in 2014 has largely fizzled (www.bloomberg.com)
2025-3-12 Amazon Microsoft AI

Dexterity, maker of industrial robots that have “human-like” finesse, raised $95M at a $1.65B valuation, up from $1.4B in 2021, bringing total funding to ~$300M (www.bloomberg.com)
2025-3-12 Robot

Sources: VCs with “locked” tokens are working with market makers to hedge their positions; Tokenomist: 2024's largest unlocks brought $5.4B+ into circulation (www.bloomberg.com)
2025-3-12

Sources: Apple preps a major interface revamp for iOS 19, iPadOS 19, and macOS 16, loosely based on visionOS, with a consistent design and simpler navigation (www.bloomberg.com)
2025-3-12 IOS Apple

Coinbase registers with India's FIU and plans to roll out its retail trading platform in India later in 2025, its second attempt to expand in the country (www.bloomberg.com)
2025-3-11 India Retail Coinbase

Celestial AI, which aims to use light to speed up data transfer inside servers, raised $250M led by Fidelity at a $2.5B valuation, taking its funding to $515M (www.bloomberg.com)
2025-3-11 AI

Sources: Kirkland-based enterprise cybersecurity startup Chainguard is in talks to raise $350M led by Kleiner at a $3.5B valuation, up from $1.1B in July 2024 (www.bloomberg.com)
2025-3-11 Startup

Virtual physical therapy service Hinge Health files for a US IPO, and reports revenue of $390M in 2024, up from $293M in 2023, and a net loss of $11.9M (www.bloomberg.com)
2025-3-11 IPO

Sources: Apple preps a major interface revamp for iOS 19, iPadOS 19, and macOS 16, loosely based on visionOS, with consistent design, simpler navigation, more (www.bloomberg.com)
2025-3-11 IOS Apple

X experiences intermittent outages early on March 10, including in the US, the UK, France, and India; over 40K US users reported issues on Down Detector (www.bloomberg.com)
2025-3-11 France India

SCOTUS refuses to hear BMC's appeal and revive a $1.6B award against IBM, which was accused by BMC of poaching a client in violation of a licensing agreement (www.bloomberg.com)
2025-3-11 IBM

Detroit-based real estate platform Rocket plans to buy Redfin, a home search service and adtech brokerage, for $1.75B, or $12.50 per share, closing in Q2 or Q3 (www.bloomberg.com)
2025-3-10 Detroit

A look at China's heavy-handed and sometimes intrusive approach to crack down on telecom and online scams, including intercepting calls and messages (www.bloomberg.com)
2025-3-10 China

Sources: workflow automation company ServiceNow nears deal to buy enterprise AI assistants company Moveworks in a deal that could value Moveworks at ~$3B (www.bloomberg.com)
2025-3-10 AI

Sources: Apple planned to announce a smart home hub in March but it has been postponed since the device relies on the delayed Siri capabilities (www.bloomberg.com)
2025-3-10 Apple

Wikipedia editors and administrators detail the turmoil over maintaining neutrality on pages about the Israel-Hamas war and other conflicts in the Middle East (www.bloomberg.com)
2025-3-10 Israel

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