Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Dutch export control rules will bar ASML from maintaining, repairing, and providing spare parts for controlled equipment without government approval (www.bloomberg.com)
2023-7-15 Netherlands

Zimbabwe President Signs Law That Prohibits Criticism of State (www.bloomberg.com)
2023-7-14 Zimbabwe

Turkey's top court upholds a law restricting companies' ad spend and customer data use if their sales exceed given limits, in a blow to Alibaba's unit Trendyol (www.bloomberg.com)
2023-7-14 Alibaba

AI Doomsday Scenarios Are Gaining Traction in Silicon Valley (www.bloomberg.com)
2023-7-14 AI

Sources: Microsoft and Activision Blizzard mull the sale of some UK cloud-based gaming rights to a telecom, gaming, or internet company to appease regulators (www.bloomberg.com)
2023-7-14 Microsoft

China unveils the final version of its generative AI guidelines, which omits some restrictions present in its April draft, signaling a more flexible regulation (www.bloomberg.com)
2023-7-14 China AI

Adobe: US shoppers spent $12.7B during Amazon's Prime Day, up 6.1% YoY but below estimates of 9.5% growth; an increasing share of customers used BNPL services (www.bloomberg.com)
2023-7-14 Amazon Adobe

A Stability AI co-founder sues the startup over being duped into selling his 15% stake for $100 to CEO Emad Mostaque months before Stability hit a $1B valuation (www.bloomberg.com)
2023-7-14 Startup AI

At a congressional hearing, FTC's Lina Khan defends herself against attacks from Republicans over alleged ethics violation and aggressive antitrust enforcement (www.bloomberg.com)
2023-7-14 Republican

The SEC sues ex-Celsius Network CEO Alex Mashinsky and the company over selling unregistered crypto securities; a source says Mashinsky was arrested on Thursday (www.bloomberg.com)
2023-7-13

Huawei reports $560M in revenue from patent licensing deals in 2023, its first disclosure of such income, and spent 25% of its 2022 sales on R&D, or ~$22.5B (www.bloomberg.com)
2023-7-13

Commission-free investing platform Public.com launches in the UK, the Robinhood rival's first expansion outside the US, letting investors trade 5K+ US stocks (www.bloomberg.com)
2023-7-13

JD.com unveils ChatRhino LLM for enterprise use and plans to introduce the tool internally in ecommerce and other areas before expanding to clients in H1 2024 (www.bloomberg.com)
2023-7-13

PE firm CapVest agrees to acquire UK-based Kerridge, which provides ERP software to clients globally, from Accel-KKR; sources say the deal is valued at over $1B (www.bloomberg.com)
2023-7-13 ERP

Experts in Taiwan worry China could influence TikTok content ahead of the presidential election in January 2024; officials banned TikTok from government devices (www.bloomberg.com)
2023-7-13 China Taiwan

Dollars Are So Scarce in Argentina That Yuan Use Is at a Record. (Even American companies like Whirlpool - who have factories in Argentina - are using yuan to import parts) (www.bloomberg.com)
2023-7-13 U.S.

Sources reveal how contractors audit Bard's answers in subjects ranging from medication doses to state laws, sometimes with deadlines as short as three minutes (www.bloomberg.com)
2023-7-13

The color of the ocean is changing, and scientists blame global warming (www.bloomberg.com)
2023-7-13

Elon Musk unveils xAI, a company to “understand the true nature of the universe”, led by Musk and staffed by former execs at DeepMind, Google, Tesla, and others (www.bloomberg.com)
2023-7-13 Google Tesla Elon Musk

Adobe: US customers spent $6.4B on Amazon during Prime Day's first 24 hours, up 6% YoY but below estimates; Numerator: average orders were up 7% YoY to $56.64 (www.bloomberg.com)
2023-7-13 Amazon Adobe

Banking and insurance startup Papara became Turkey's first fintech unicorn after its Beka Finance deal; startups.watch: Turkish startups raised $111M in H1 2023 (www.bloomberg.com)
2023-7-13 Fintech Startup Insurance

UK's Inflation Crisis Expected to Last Another 10 Months (www.bloomberg.com)
2023-7-12 Inflation

Chinese Premier Li Qiang met executives from Alibaba, JD, Meituan, and others and pledged more support as China's tech crackdown eases and its economy weakens (www.bloomberg.com)
2023-7-12 China Alibaba

At a classified briefing on July 11 with senators, US national security officials defended their deployment of AI; Chuck Schumer has arranged three AI briefings (www.bloomberg.com)
2023-7-12 AI

Hedge Funds' US Treasury Bets Pose Stability Risk, Says BOE (www.bloomberg.com)
2023-7-12 Hedge Fund

A look at Wikipedia in Russia after the Ukraine invasion, where the service remains popular, and Kremlin-compliant upstart Ruwiki, led by a long-service editor (www.bloomberg.com)
2023-7-12 Russia Ukraine

Indian IT giant Wipro plans to spend $1B over the next three years to train its 250K employees in AI and integrate the technology into its product offerings (www.bloomberg.com)
2023-7-12 India AI

Salesforce plans its first price hike in seven years by ~9% for some products like Tableau and Sales Cloud, effective August 2023 for new and existing customers (www.bloomberg.com)
2023-7-12 Salesforce

Source: the US FTC is leaning toward appealing the judge's Microsoft-Activision ruling; an appeal could be filed as soon as Wednesday (www.bloomberg.com)
2023-7-12 Microsoft

A breakdown of Elon Musk's misguided complaint against law firm Wachtell, which received $90M from Twitter for forcing Musk to complete the $44B Twitter deal (www.bloomberg.com)
2023-7-12 Twitter Elon Musk

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