Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings (www.bloomberg.com)
2025-4-26

NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits (www.bloomberg.com)
2025-4-26

A US DOJ official says Tyler Buchanan, a 23-year-old from Scotland, and an alleged Scattered Spider cybercrime group member, was extradited from Spain to the US (www.bloomberg.com)
2025-4-26 Spain

Sources: XAI Holdings, the newly combined entity housing xAI and X, is in talks to raise roughly $20B, or possibly more, valuing the company at more than $120B (www.bloomberg.com)
2025-4-26 Real Estate

Sources: Microsoft plans to increase the use of third-party firms for selling software to SMBs; in-house sellers will get more training and focus on AI products (www.bloomberg.com)
2025-4-26 Microsoft AI

Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East (www.bloomberg.com)
2025-4-26 China Japan Startup AI

The US SEC Chairman says the agency has ample authority to oversee digital assets as Congress debates if SEC or the CFTC should be the primary crypto regulator (www.bloomberg.com)
2025-4-26 Asset CFTC

US v. Google: a Yahoo executive estimates that a bid for Chrome would cost tens of billions of dollars, and says Yahoo “would be able to pursue it with Apollo” (www.bloomberg.com)
2025-4-26 Google Chrome Yahoo

Baidu rolls out Ernie 4.5 Turbo and X1 Turbo, new versions of its flagship foundation and reasoning models, as it looks to take on Alibaba's Qwen and DeepSeek (www.bloomberg.com)
2025-4-26 Alibaba

Sources: the US is conducting a criminal antitrust probe into TP-Link's pricing strategies and whether the router maker represents a national security threat (www.bloomberg.com)
2025-4-26

Source: Alphabet's Q1 profit was boosted by $8B in unrealized gains from an investment in SpaceX; Alphabet has been a major SpaceX investor since at least 2015 (www.bloomberg.com)
2025-4-26 Alphabet SpaceX

JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value (www.bloomberg.com)
2025-4-26

Sources: Tencent Music is in advanced talks to buy Chinese podcasting startup Ximalaya in a $2.4B deal (www.bloomberg.com)
2025-4-26 China Startup Tencent

Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021 (www.bloomberg.com)
2025-4-26 Twitter

Sources: the US pushed back against EU's AI code of practice; the code is voluntary, still being finalized, and aims to help companies comply with the AI Act (www.bloomberg.com)
2025-4-26 AI

Meta lays off Reality Labs staffers, affecting Oculus Studios teams; sources: 100+ staff are affected, including those involved in Meta's hardware efforts (www.bloomberg.com)
2025-4-25

Sources: Adam Neumann's real estate startup Flow raised more than $100M from investors including a16z in a round that more than doubles its valuation to ~$2.5B (www.bloomberg.com)
2025-4-25 Startup

Sources: Apple plans to relocate its secret robotics team from John Giannandrea's AI unit and place it under SVP John Ternus, who oversees hardware engineering (www.bloomberg.com)
2025-4-25 AI Apple Robot

US v. Google: DuckDuckGo CEO Gabriel Weinberg testifies that Chrome is worth “upwards of $50B if it went on the market” based on “back-of-the-envelope” math (www.bloomberg.com)
2025-4-24 Google Chrome Mathematics

A look at the collapse of Stenn, an invoice financing startup that got major banks to unwittingly fund millions in suspect payments and was last valued at $900M (www.bloomberg.com)
2025-4-24 Startup

Hackers have been using hijacked online brokerage accounts in Japan to drive up penny stocks globally in an illicit $700M trading spree since February 2025 (www.bloomberg.com)
2025-4-24 Japan

Trump signs an EO to boost AI education and workforce training, and establishes an AI education task force led by White House OSTP Director Michael Kratsios (www.bloomberg.com)
2025-4-24 Trump AI Education

Lyft plans to dispatch licensed taxis for the first time to US riders who have opted in, beginning in St. Louis on May 5; Uber has long let users hail taxis (www.bloomberg.com)
2025-4-24 Uber

TSMC plans to begin production with its A14 fabrication process in 2028 and an intermediary A16 chip process in late 2026 (www.bloomberg.com)
2025-4-24

President Donald Trump will have dinner with the top 220 holders of the TRUMP memecoin on May 22, according to the memecoin's website; TRUMP jumps 40%+ (www.bloomberg.com)
2025-4-24 Trump

US v. Google: a Perplexity executive says Google's contract with Motorola blocked Perplexity from being the default AI assistant on new Motorola devices (www.bloomberg.com)
2025-4-24 Google AI

Source: Neuralink has begun preliminary discussions to raise about $500M at an $8.5B pre-money valuation; PitchBook: it was valued at $3.5B as of November 2023 (www.bloomberg.com)
2025-4-24

Sources: Amazon's Project Kuiper has completed just a few dozen satellites so far, far below the pace needed to reach the FCC's 1,618 deadline by July 2026 (www.bloomberg.com)
2025-4-23 Amazon

Elon Musk says production of Tesla's humanoid robot, Optimus, is being affected by China's recent restrictions on exports of rare earth minerals used in magnets (www.bloomberg.com)
2025-4-23 China Tesla Robot Elon Musk

A look at Huawei's smart driving software unit, which became profitable in 2024 after revenue grew over 5x and is powering car systems by BYD, BMW, and others (www.bloomberg.com)
2025-4-23

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