Articles from www.bloomberg.com

Articles from www.bloomberg.com

Lawmakers Renew Call for Easier Banking for Legal Cannabis Companies (www.bloomberg.com)
2023-5-12

Turkish President Contender Ince Withdraws Days Before Election (www.bloomberg.com)
2023-5-12 Turkey

US Jobless Claims Rise to Highest Since October 2021 in Sign Labor Market Is Cooling (www.bloomberg.com)
2023-5-12 Unemployment

A look at Tel Aviv-based Rayzone, which quietly harvests ad data to help governments track people via their phones using its Echo tool, sold around the globe (www.bloomberg.com)
2023-5-11

Tech firms are increasingly hiring in South and Central America because remote hires there often accept lower pay than in the US but have similar time zones (www.bloomberg.com)
2023-5-11 U.S.

SoftBank reports Vision Fund lost ~$2B in Q4, down from ~$16B in Q4 2022, leading to a ~$32B full-year loss; investments for the year to March fell to ~$3B (www.bloomberg.com)
2023-5-11 4Q

Yellen says debt default would hurt US international leadership. (www.bloomberg.com)
2023-5-11

A US judge sentences Nickolas Sharp, who worked for IoT maker Ubiquiti, to six years in prison, rejecting claims that his data theft made the company safer (www.bloomberg.com)
2023-5-11 IoT

Some crypto miners, like Hive Blockchain and Hut 8 Mining, are repurposing their GPUs to power high-performance computing services for AI clients (www.bloomberg.com)
2023-5-11 Blockchain AI

GPTZero App Seeks to Thwart ChatGPT, AI Plagiarism in Schools, Online Media | Bloomberg (www.bloomberg.com)
2023-5-11 AI

US Airlines are sitting out China's reopening (www.bloomberg.com)
2023-5-10 China

How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung (www.bloomberg.com)
2023-5-10 Japan Samsung

South Korean e-commerce giant Coupang reports Q1 revenue up 13% YoY to $5.8B, beating estimates, a $106.8M operating profit, and active customers up 5% to 19M (www.bloomberg.com)
2023-5-10 Korea

Danish Inflation Rate Drops Most in Decades as Wage Risks Remain (www.bloomberg.com)
2023-5-10 Inflation

Sources: Jump Crypto and Jane Street are pulling back from US crypto trading over regulatory uncertainty; Jump is expanding globally while Jane scales back (www.bloomberg.com)
2023-5-10

Sources: India plans to reopen applications for incentives from a $10B semiconductor fund, after three companies for an initial 2022 effort show little progress (www.bloomberg.com)
2023-5-10 India

Biden Administration Tamps Down Talk of US-China Decoupling (www.bloomberg.com)
2023-5-10 China

TSMC's plan to build a German fab focusing on 28nm chips makes more sense than its US foray, as a way to meet automotive industry demand and political pressure (www.bloomberg.com)
2023-5-10 Germany

Goldman, Microsoft, Cboe, Deloitte, and others plan to test the blockchain Canton Network in July, linking apps built with Digital Asset's Daml smart contract (www.bloomberg.com)
2023-5-10 Blockchain Microsoft Goldman Asset

Finnish wearable maker Oura acquires Proxy, which makes digital identification tools, in an all-equity deal; PitchBook says Proxy was valued at $292M in 2020 (www.bloomberg.com)
2023-5-9 Equity Finland

India Monitored Chinese Ships During Drill in South China Sea (www.bloomberg.com)
2023-5-9 China India South China Sea

Sources: Microsoft is helping finance AMD's AI chip expansion and working with the chipmaker on Microsoft's own processor for AI workloads, codenamed Athena (www.bloomberg.com)
2023-5-9 Microsoft AI AMD

Source: a leaked April 2023 internal document by Luke Sernau, a senior software engineer at Google, argues that open-source AI will outcompete Google and OpenAI (www.bloomberg.com)
2023-5-9

Sources: the US DOJ is investigating if Binance was used to let Russians skirt US sanctions, alongside a probe into its alleged use to evade sanctions on Iran (www.bloomberg.com)
2023-5-9

Apple says emerging markets like India, where the iPhone has a small market share, are ready to take off, which could add “a lot of switchers” to its ecosystem (www.bloomberg.com)
2023-5-9

Despite China banning crypto in September 2021, citizens, industry insiders, and FTX's creditor lists suggest Chinese residents continue to trade digital assets (www.bloomberg.com)
2023-5-9

PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue up 9% to $7.04B, and operating income up 41% to $1B; PYPL drops 5%+ (www.bloomberg.com)
2023-5-9

Nick Clegg reiterates that Meta will end news content in Canada if C-18 passes and says he pulled out of a committee hearing after a session title changed (www.bloomberg.com)
2023-5-9

Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023 (www.bloomberg.com)
2023-5-9

After GPTZero gained 1.2M users since January, co-founder Edward Tian raised $3.5M to launch Origin, aimed at “saving journalism” by detecting AI disinformation (www.bloomberg.com)
2023-5-9

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