Articles from www.bloomberg.com

Articles from www.bloomberg.com

The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped (www.bloomberg.com)
2025-7-5 AI

Blackstone acquires Vista Equity Partners' minority stake in event software company Cvent, sources say for $1.3B; Blackstone acquired Cvent for $4.6B in 2023 (www.bloomberg.com)
2025-7-5 Equity

Sources: the US plans to restrict shipments of AI chips to Malaysia and Thailand, as part of an effort to crack down on suspected chip smuggling into China (www.bloomberg.com)
2025-7-5 China Thailand AI Malaysia

Sources: Google plans to propose a price comparison box at the top of search results in EU, featuring ranked options from competitors, to avoid DMA fines (www.bloomberg.com)
2025-7-4 Google

As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets (www.bloomberg.com)
2025-7-4 SpaceX

Daniel Gross is leaving Safe Superintelligence, the AI startup he co-founded with Ilya Sutskever, to join Meta's new superintelligence lab (www.bloomberg.com)
2025-7-4 Startup AI

Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31 (www.bloomberg.com)
2025-7-4 IPO

Thoma Bravo strikes a $2B deal to acquire restaurant software maker Olo, representing a 65% premium over Olo's share price on April 30 (www.bloomberg.com)
2025-7-4

Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild (www.bloomberg.com)
2025-7-3 Microsoft Xbox

ASML, Mistral, SAP, and 110+ European companies urge the EU to delay the implementation of its AI Act, saying it puts the bloc's AI ambitions at risk (www.bloomberg.com)
2025-7-3 Europe AI

Bitcoin's implied volatility declined to the lowest level in two years, showing decreased price swings and trading between $93K to $111K in the past two months (www.bloomberg.com)
2025-7-3 Bitcoin

Uber drivers in British Columbia joined a union, seeking to negotiate Canada's first bargaining agreement for rideshare drivers; Uber has agreed to meet (www.bloomberg.com)
2025-7-3 U.K. Uber Canada

Baidu overhauls its search engine with AI features and a voice function in its most sweeping revamp in years, and rolls out its first image-to-video model (www.bloomberg.com)
2025-7-3 AI

Siemens says it has restored full access to its chip design software for its Chinese clients after the Trump admin lifted export curbs, initially imposed in May (www.bloomberg.com)
2025-7-3 Trump China Siemens

Sources: OpenAI will rent additional computing power from Oracle, totaling about 4.5 gigawatts of US data center power, as part of its Stargate initiative (www.bloomberg.com)
2025-7-3 Oracle

Analysis: crypto ventures have added at least $620M to President Trump's fortune in months, overshadowing traditional real estate licensing deals (www.bloomberg.com)
2025-7-3 Trump

TikTok lays off workers from the US division of TikTok Shop, the third round of layoffs for the team since April, after a year of missing internal sales targets (www.bloomberg.com)
2025-7-3 Layoffs

Sources: Apple supplier Luxshare is working with Goldman Sachs and others on a Hong Kong IPO that could happen as soon as this year, aiming to raise over $1B (www.bloomberg.com)
2025-7-2 Hong Kong IPO Apple Goldman

Sources: Foxconn recalled 300+ Chinese engineers from its Indian iPhone factories over the past two months, a blow for Apple as it ramps up iPhone 17 production (www.bloomberg.com)
2025-7-2 China India iPhone Apple

Internal emails and audit reports warn that the Schengen Information System II, used by EU border forces, is rife with software and security vulnerabilities (www.bloomberg.com)
2025-7-2

Internal emails and audits warn the Schengen Information System II, the system used by EU border forces, is rife with software and security vulnerabilities (www.bloomberg.com)
2025-7-2

Google ends its Recipe Quick View pilot, which showed full recipes directly in search results, after some bloggers feared it would reduce traffic to their sites (www.bloomberg.com)
2025-7-2 Google

Nothing unveils the $799 Phone 3, with a 6.7" AMOLED display, Snapdragon 8s Gen 4 chip, three 50MP rear cameras, and the $299 Headphone 1, both shipping July 15 (www.bloomberg.com)
2025-7-2

X will start to publish Community Notes written by AI agents; developers will soon be able to submit their own “fact-checking” AI agents for review (www.bloomberg.com)
2025-7-2 AI

CoinMarketCap: bitcoin's share of crypto market value grew to 64% this year, highest since January 2021, and altcoins lost $300B+, as big investors flock to BTC (www.bloomberg.com)
2025-7-2 Bitcoin

The Senate votes 99-1 to remove a Trump tax bill provision that would have barred states from regulating AI if they got funding from a $500M broadband program (www.bloomberg.com)
2025-7-1 Trump Tax AI Senate

Investigation: three US Treasury hacks in the past five years were due to a failure to deploy basic security measures, as DOGE cuts further weaken the agency (www.bloomberg.com)
2025-7-1

US chipmaker Wolfspeed files for Chapter 11 to enact a creditor-backed plan to slash $4.6B in debt; it expects to emerge out of bankruptcy by the end of Q3 (www.bloomberg.com)
2025-7-1

Mexico City-based digital bank Klar raised a $190M Series C led by General Atlantic, including $170M in equity and $20M in debt, valuing the company at $800M+ (www.bloomberg.com)
2025-7-1 Mexico Equity

X hires Nikita Bier, the serial entrepreneur who was behind polling startup TBH and teen-focused social network Gas, as its new head of product (www.bloomberg.com)
2025-7-1 Startup Entrepreneur

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