Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources and documents: troubled IT firm Atos is largely responsible for issues delaying the roll out of the EU's biometric Entry/Exit border system to 2025 (www.bloomberg.com)
2024-12-3

Pat Gelsinger's departure opens the door for Intel to consider fresh deal options, like splitting factory and product-design divisions, selling Altera, and more (www.bloomberg.com)
2024-12-3 Intel

Sources: Intel CEO Pat Gelsinger was given the option to retire or be removed after the board lost confidence in his plans to turn around Intel (www.bloomberg.com)
2024-12-3 Intel

Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a $2.6B valuation and reports nearly $150M in contracts (www.bloomberg.com)
2024-12-3 Samsung AI Toronto Jeff Bezos

Super Micro says an external review by a special committee of its board and external counsel found no evidence of wrongdoing, and plans to appoint a new CFO (www.bloomberg.com)
2024-12-3

Amsterdam-based Nebius, which rebranded from Russian internet giant Yandex and offers cloud AI tools, raised $700M from Nvidia, Accel, and others (www.bloomberg.com)
2024-12-2 Russia AI Nvidia

CoinGecko: Ripple-linked XRP's market cap reaches $137B to become the third-largest cryptocurrency, up from less than $30B on November 5 when Trump won (www.bloomberg.com)
2024-12-2 Trump Cryptocurrency XRP

Inside Helsinki's Slush 2024, a startup event described as a mix of TED Talks, Eurovision, and Shark Tank, attended by ~13K people, with LPs up 46% YoY to 350+ (www.bloomberg.com)
2024-12-2 Startup

Analysis: US spot Bitcoin ETFs now hold more than 1M bitcoin, or about 5% of the total and about as many bitcoin frozen in the wallet of Satoshi Nakamoto (www.bloomberg.com)
2024-12-2 Bitcoin ETF

Analysis: US spot bitcoin and ether ETFs logged record monthly net inflows, $6.5B and $1.1B respectively, in November 2024, buoyed by Trump's embrace of crypto (www.bloomberg.com)
2024-12-2 Trump Bitcoin ETF

Q&A with Nokia CEO Pekka Lundmark on Nokia's failure in mobile phones, moving from mobile and fixed networks into data centers and defense, 5G, and more (www.bloomberg.com)
2024-12-2 Mobile 5G Nokia

A profile of SK Group Chairman Chey Tae-won, who made a highly risky bet to acquire debt-ridden Hynix in 2012 to form SK Hynix, which is now valued at ~$80B (www.bloomberg.com)
2024-12-1

A look at Death Clock, an app that claims to predict a user's likely date of death by using an AI model trained on a dataset of 1,200+ life expectancy studies (www.bloomberg.com)
2024-12-1 AI

Ethereum is grappling with uncertainties as its reliance on Layer-2 blockchains grows, leading to lower fee collection, while rivals like Solana gain ground (www.bloomberg.com)
2024-12-1 Ethereum

The Commonwealth Bank of Australia says generative AI tools have helped it lower frauds by 30% and reduce call center customer wait times by 40% in 2024 (www.bloomberg.com)
2024-11-30 Australia AI

Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus (www.bloomberg.com)
2024-11-29 Japan Startup AI Quantum

Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO (www.bloomberg.com)
2024-11-29 Hong Kong IPO

The German government plans new chip subsidies, sources say about €2B, two months after Intel shelved plans to build a €30B factory in Magdeburg (www.bloomberg.com)
2024-11-29 Germany Intel

Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns (www.bloomberg.com)
2024-11-29 Australia Ban

Memo: Revolut tells ex-staff who were at the startup for 2+ years and held $100K+ in vested stock that they can join a secondary share sale at a $45B valuation (www.bloomberg.com)
2024-11-29 Startup

An ex-staffer sues Binance for dismissing her for allegedly raising concerns about a co-worker taking a bribe; Binance says she was fired for poor performance (www.bloomberg.com)
2024-11-29

Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined A$50M (www.bloomberg.com)
2024-11-28 Australia Ban Senate

Cloud backup startup Eon raised $70M led by BOND at a $1.4B valuation, taking its total funding to $200M since its January 2024 founding by AWS alumni (www.bloomberg.com)
2024-11-28 Startup

DefiLlama: the total market cap for stablecoins has risen 46% in 2024 to a record ~$190B, regaining ground lost after TerraUSD's infamous collapse in 2022 (www.bloomberg.com)
2024-11-28

Filing: Zoom offers $18M to settle an SEC probe from 2020 over the company's privacy policies and communications, as its popularity surged during the pandemic (www.bloomberg.com)
2024-11-28

Sources: US FTC has opened an antitrust investigation of Microsoft, focusing on its cloud and software licensing business and its cybersecurity and AI products (www.bloomberg.com)
2024-11-28 Microsoft AI

T-Mobile's CSO says “suspicious behavior, discovery-type commands” on the company's network devices tipped it off to the suspected Salt Typhoon-linked breach (www.bloomberg.com)
2024-11-28 Mobile

Sources: Trump's team interviewed Paul Atkins, a former SEC commissioner and strong proponent of crypto and fintech companies, as a candidate to lead the SEC (www.bloomberg.com)
2024-11-28 Trump Fintech

Filing: Google asks a US federal appeals court to throw out the Epic ruling that would force it to overhaul the Play Store, as it competes with Apple and more (www.bloomberg.com)
2024-11-28 Google Apple

The US FTC is investigating Uber after customers complained the company signed them up for Uber One without their consent and made it difficult to cancel (www.bloomberg.com)
2024-11-28 Uber

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