Articles from www.bloomberg.com

Articles from www.bloomberg.com

After raising $730M, UK chip startup Graphcore reported just ~$5M in 2021 revenue and a $183M loss; Microsoft, an investor, reportedly declined to use its chips (www.bloomberg.com)
2023-6-1 Microsoft Startup

A profile of Plaid, valued at $13.4B, and founder Zach Perret, after a $58M data scraping settlement in 2022, as the company expands and fights a lawsuit by PNC (www.bloomberg.com)
2023-5-31

No More Cheap Flights Is the New Reality for Air Travel (www.bloomberg.com)
2023-5-31

Sources: the Biden administration is split on regulating generative AI; some prefer an EU-style model while others worry over losing a competitive advantage (www.bloomberg.com)
2023-5-31 AI

F-35 Jet's Overworked Engines May Cost Pentagon $38 Billion in Upkeep (www.bloomberg.com)
2023-5-31 Pentagon

An investigation into Papa, a TaskRabbit-like service for seniors that has raised $240M, finds dozens of allegations of harassment, assault, theft, and more (www.bloomberg.com)
2023-5-31

Chinese scientists are drilling a 10,000-meter hole into the Earth's crust, explores new frontiers above and below the planet's surface (www.bloomberg.com)
2023-5-31 China

Statistics Korea: South Korea's semiconductor inventory rose 83% YoY in April 2023, the biggest increase since April 2016, while factory shipments fell 33% YoY (www.bloomberg.com)
2023-5-31 Korea

Fidelity estimated in a recent disclosure that Twitter is now worth about 33% of Elon Musk's $44B purchase price, based on a markdown of its own Twitter stake (www.bloomberg.com)
2023-5-31 Twitter Elon Musk

JPMorgan Builds Unit for World's Richest Families in Wealth Bet. 23 Wall focuses on 700 families worth more than $4.5 trillion (www.bloomberg.com)
2023-5-31 JPMorgan

Sources: Binance discusses a proposal to let some institutional clients use bank deposits as collateral for margin trading, to help reduce counterparty risk (www.bloomberg.com)
2023-5-31

SCOTUS turns away an appeal by victims of child pornography who claimed Reddit facilitated and benefited from CSAM, after two Section 230 rulings in early May (www.bloomberg.com)
2023-5-31 Reddit

Japan Gets Second Court Ruling Backing Same-Sex Marriage (www.bloomberg.com)
2023-5-30 Japan

Binance names Richard Teng to run all regional markets outside the US, a swift ascension for the executive that joined in August 2021, as CZ comes under fire (www.bloomberg.com)
2023-5-30

Spanish Inflation Slows More Than Expected, Nears 2-Year Low (www.bloomberg.com)
2023-5-30 Inflation Spain

Taiwan rushes to prevent China from cutting off internet, phones (www.bloomberg.com)
2023-5-30 China Taiwan

CCData: trading on Gemini dropped ~50% YoY to ~$747M in April; Kaiko says trading fell 46% in January to April from September to December, ~6x Coinbase's drop (www.bloomberg.com)
2023-5-30 Coinbase

Bloomberg: Toronto Condo Investors Are Losing Money in a Bad Sign for Renters (www.bloomberg.com)
2023-5-30 Toronto

China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds (www.bloomberg.com)
2023-5-30 China Stock

Debt Deal Adds Brake on US Economy Already at Risk of Recession (www.bloomberg.com)
2023-5-29

Nvidia announces a range of AI products and updates, including the DGX GH200 supercomputer platform, data center networking tools, and a robotics platform (www.bloomberg.com)
2023-5-29 AI Robot Nvidia

Home Value Racial Disparities Top $1 Million in LA, NYC, San Francisco (www.bloomberg.com)
2023-5-29 San Francisco

Sergey Brin Has a Secret Plan to Put Airships Back in the Skies (www.bloomberg.com)
2023-5-29

Apple, Fox, Netflix Emerge as Potential Bidders for Future NBA Rights (www.bloomberg.com)
2023-5-29 Apple Netflix

Hands-on with Meta's Quest 3 prototype: lighter, thinner, faster, and with better video pass-through than the Quest 2, but similar clarity of VR displays (www.bloomberg.com)
2023-5-29 VR

Accel and Sequoia check whether their portfolio companies in India and SE Asia are exposed to AI disruption; 75%+ of Sequoia India's new deals are AI related (www.bloomberg.com)
2023-5-28 India Asia AI

Source: South Korea won't encourage its memory-chip firms to grab market share in China lost by Micron, as it could disrupt its bilateral relations with the US (www.bloomberg.com)
2023-5-28 China Korea

Binance plans to launch a local service for Japan residents in the summer and discontinue its global service for users in the country on November 30, 2023 (www.bloomberg.com)
2023-5-28 Japan

US Commerce Secretary Gina Raimondo says the US “won't tolerate” China's ban on Micron chips and calls the decision an “economic coercion” (www.bloomberg.com)
2023-5-28 China Ban

The median gain in Microsoft, Alphabet, Amazon, Meta, Tesla, Apple, and Nvidia stocks is 43% since January, almost 5x the S&P 500, bolstered by AI optimism (www.bloomberg.com)
2023-5-28 Amazon Microsoft AI Apple Tesla Nvidia Alphabet

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