Articles from www.bloomberg.com

Articles from www.bloomberg.com

The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens (www.bloomberg.com)
2025-9-12 Google AI chatbot Instagram

AI companies' bet on prediction token-based LLMs may make them vulnerable to disruption by a novel approach, especially as new models face diminishing returns (www.bloomberg.com)
2025-9-11 AI

Vantage Data Centers raised $1.6B from GIC and the Abu Dhabi Investment Authority to expand in APAC, including the acquisition of a Malaysian data center campus (www.bloomberg.com)
2025-9-11 Malaysia

Blockchain-based lender Figure and some of its backers raised $787.5M in an IPO, selling 31.5M shares at $25 each, valuing the company at about $5.3B (www.bloomberg.com)
2025-9-11 Blockchain IPO

Ant Group unit Robbyant showcases its first LLM-powered humanoid robot, the R1, at a conference in Shanghai, joining an intensifying effort by Chinese companies (www.bloomberg.com)
2025-9-11 China Robot Shanghai

Klarna shares jump 30% in their NYSE debut, opening at $52, above the IPO price of $40, after the company and some of its backers raised $1.37B in the offering (www.bloomberg.com)
2025-9-11 IPO

Replit raised $250M led by Prysm, nearly tripling its valuation to $3B; its annualized revenue grew from $2.8M to $150M in the past year and it has 40M users (www.bloomberg.com)
2025-9-11

Amsterdam-based Nebius Group plans to raise $2B in convertible notes and $1B in equity to help it expand after signing an up to $17.4B+ deal with Microsoft (www.bloomberg.com)
2025-9-11 Microsoft Equity

Larry Ellison becomes the world's richest person for the first time at $393B, overtaking Elon Musk's $385B, as Oracle jumps 40%+ after beating Q1 estimates (www.bloomberg.com)
2025-9-11 Oracle Elon Musk

Bending Spoons agrees to acquire video platform Vimeo in an all-cash deal valued at ~$1.38B, set to close in Q4; Vimeo will be delisted from exchanges (www.bloomberg.com)
2025-9-10 4Q

Bain Capital agrees to sell its data centers in China to a consortium led by Shanghai-listed Shenzhen Dongyangguang in a ~$4B deal (www.bloomberg.com)
2025-9-10 China Shenzhen Shanghai

In a letter to FTC Chair Andrew Ferguson, Sen. Ron Wyden accuses Microsoft of “gross cybersecurity negligence” leading to hospital operator Ascension's breach (www.bloomberg.com)
2025-9-10 Microsoft

Kraken opens trading of 60+ tokenized US securities to its EU users, powered by Backed Finance's xStocks; rwa.xyz says tokenized shares' market value is ~$421M (www.bloomberg.com)
2025-9-10

ASML's €1.3B investment in Mistral gives the French startup capital and credibility, but it must prove it can survive in a US- and China-dominated AI industry (www.bloomberg.com)
2025-9-10 China France Startup AI

The stocks of Strategy copycats, companies buying crypto for their treasuries, are falling, as some struggle with little differentiation and rising volatility (www.bloomberg.com)
2025-9-10

Source: Klarna and some shareholders raised $1.37B in a US IPO that was more than 20x oversubscribed, selling 34.3M shares at $40 each, above the marketed range (www.bloomberg.com)
2025-9-10 IPO

Synopsys stock falls 20%+ in extended trading after the company said its IP business underperformed in Q3 partly due to US export restrictions to China (www.bloomberg.com)
2025-9-10 China

Google Cloud CEO Thomas Kurian says the division has $106B in unfulfilled customer contract commitments, with an expected revenue of $58B by 2027 (www.bloomberg.com)
2025-9-10 Google

Source: Meta signed a contract worth $140M+ to use technology from AI image startup Black Forest Labs, committing $35M in the first year and $105M in the second (www.bloomberg.com)
2025-9-10 Startup AI

Nvidia unveils Rubin CPX, a new chip system designed for AI tasks like video generation and software creation, set to launch at the end of 2026 (www.bloomberg.com)
2025-9-10 AI Nvidia

Sources: Ant Group's Ant Digital Technologies is quietly working to link ~$8.4B of energy infrastructure and other real-world assets to its AntChain blockchain (www.bloomberg.com)
2025-9-9 Blockchain Energy Asset

E-commerce company Eightco soared over 3,000% on Monday after announcing a plan to buy Worldcoin tokens and naming Wall Street analyst Dan Ives as chairman (www.bloomberg.com)
2025-9-9 Wall Street

SEC filing: Microsoft strikes a deal worth up to $19.4B through 2031 to get AI cloud computing power from Nebius Group; NBIS jumps 50%+ after hours (www.bloomberg.com)
2025-9-9 Microsoft AI

Source: Amazon took a stake in Colombian delivery startup Rappi via a $25M convertible note, entitling it to buy up to 12% via warrants if milestones are met (www.bloomberg.com)
2025-9-9 Amazon Startup

The US Army awards a $159M contract to a partnership of Anduril and Meta and a $195M contract to Rivet, to produce competing prototypes of a new combat goggle (www.bloomberg.com)
2025-9-9

Cognition raised $400M led by Founders Fund at a $10.2B valuation, up from $4B in March; its coding tool Devin's ARR grew from $1M in Sept. 2024 to $73M by June (www.bloomberg.com)
2025-9-9

AI audio startup ElevenLabs launches a tender offer to let staff sell up to $100M in stock at a $6.6B valuation, up from a $3.3B valuation in January 2025 (www.bloomberg.com)
2025-9-9 Startup AI

Crypto asset manager CoinShares agrees to go public via SPAC Vine Hill at a $1.2B pre-money valuation, set to close by the end of Q4; CoinShares has ~$10B AUM (www.bloomberg.com)
2025-9-8 4Q Asset

Quantum computing startup Infleqtion agrees to merge with a Michael Klein-led blank-check company, giving it a $1.8B pre-money valuation and $540M in funding (www.bloomberg.com)
2025-9-8 Startup Quantum

SpaceX agrees to acquire EchoStar's AWS-4 and H-block spectrum licenses for up to $8.5B in cash and up to $8.5B in stock, resolving an FCC inquiry into EchoStar (www.bloomberg.com)
2025-9-8 SpaceX

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