Articles from www.bloomberg.com

Articles from www.bloomberg.com

Halter, which provides AI-powered cow collars for remote herding via audio and vibration cues, raised $220M led by Founders Fund at a $2B valuation (www.bloomberg.com)
2026-3-25 AI

Epic cuts 1,000+ jobs, saying “we're spending significantly more than we're making” and that the layoffs and $500M in savings put it “in a more stable place” (www.bloomberg.com)
2026-3-25 Layoffs

Kleiner Perkins raised $3.5B for two new funds, allocating $1B to its 22nd early-stage fund and $2.5B to a growth-stage fund, taking its AUM to $21B+ (www.bloomberg.com)
2026-3-24

Russian space company Bureau 1440 says it launched 16 broadband internet satellites, an early operational step in a low-Earth orbit network to rival SpaceX (www.bloomberg.com)
2026-3-24 Russia SpaceX

Xiaomi reports Q4 revenue up 7.3% YoY to ~$17B, narrowly above est., its slowest growth since 2023, as EV sales failed to make up for slumping smartphone demand (www.bloomberg.com)
2026-3-24 Xiaomi 4Q

SK Hynix plans to spend ~$8B to buy cutting-edge EUV lithography chipmaking tools from ASML through 2027, as it competes with Samsung to supply DRAM and HBM (www.bloomberg.com)
2026-3-24 Samsung

Sources: Nintendo plans to cut Switch 2 production this quarter to 4M units, down ~33% from 6M, after weaker-than-expected holiday demand, especially in the US (www.bloomberg.com)
2026-3-24 Nintendo

Memo: Meta hires the founders and team behind Dreamer, which lets users create AI agents; co-founder Hugo Barra is joining Meta Superintelligence Labs (www.bloomberg.com)
2026-3-24 AI

Polymarket unveils insider trading rules: no bets on stolen confidential info, illegal tips, or events whose outcomes the user can influence as an insider (www.bloomberg.com)
2026-3-24

Sources: Apple is preparing to introduce ads in its Maps app, allowing retailers and brands to bid for ad slots against search queries (www.bloomberg.com)
2026-3-24 Apple

London-based luxury ride-hailing app Wheely launches in NYC, aiming to compete with Uber Elite; Wheely reports ~1,250 corporate accounts and ~100K active riders (www.bloomberg.com)
2026-3-24 Uber London

Sources: EA is marketing a $15B debt package to fund its $55B Saudi-led take-private deal, including nearly $700M in projected annual cost savings (www.bloomberg.com)
2026-3-23

Leonid Radvinsky, the reclusive billionaire owner of OnlyFans parent Fenix, died at 43 after a long battle with cancer; he acquired the OnlyFans stake in 2018 (www.bloomberg.com)
2026-3-23

AI chip company Kandou AI raised $225M from SoftBank, Synopsys, and others at a $400M valuation after pivoting from consumer hardware to AI infrastructure (www.bloomberg.com)
2026-3-23 AI

Sources: Sony is nearing a binding agreement to sell a 51% stake in its home entertainment business to Chinese rival TCL for ~$1B as soon as this month (www.bloomberg.com)
2026-3-23 China Sony

NYC-based Dash0, which offers AI agents to monitor and troubleshoot cloud, app, and infrastructure issues, raised $110M led by Balderton at a $1B valuation (www.bloomberg.com)
2026-3-23 AI

Korean AI startup Upstage says it is in talks to acquire 10K of AMD's MI355 chips, in a bid to “diversify to other chips” as “we have a lot of Nvidia chips” (www.bloomberg.com)
2026-3-23 Korea Startup AI Nvidia AMD

Singapore-based Grab agrees to buy Delivery Hero's Foodpanda operations in Taiwan for $600M in cash, its first foray outside of its Southeast Asian home market (www.bloomberg.com)
2026-3-23 Taiwan Singapore Southeast Asia

Profile of John Ternus, likely Tim Cook successor, who shapes Apple's hardware portfolio, is expanding his domain within Apple, and his visibility to the public (www.bloomberg.com)
2026-3-23 Apple Tim Cook

A profile of Chinese bitcoin mining company Bitmain, now allied with Eric Trump's American Bitcoin and previously the target of a DHS espionage-risk probe (www.bloomberg.com)
2026-3-23 Trump China U.S. Bitcoin

Elon Musk announces Terafab, an Austin-based project run by Tesla and SpaceX to manufacture robotics, AI, and space data center chips for Tesla, xAI, and SpaceX (www.bloomberg.com)
2026-3-22 AI Tesla Robot Elon Musk SpaceX

Speaking at a Beijing forum, Tim Cook praised Apple's partners and developers in China, a week after Chinese state media labeled the App Store “monopolistic” (www.bloomberg.com)
2026-3-22 China Apple Tim Cook

Super Micro names VP DeAnna Luna as acting chief compliance officer, after SMCI closed down 33% on March 20 amid a chip smuggling scandal (www.bloomberg.com)
2026-3-21

A US jury finds Elon Musk intentionally misled Twitter shareholders by disparaging the company in 2022 to buy it for a lower price than his original $44B bid (www.bloomberg.com)
2026-3-21 Twitter Elon Musk

Memo: Roblox is planning to take a share of revenue from sponsorships in its games and is overhauling advertising policies beginning May 4 (www.bloomberg.com)
2026-3-21

Filing: Unitree, China's leading robot company, is aiming to raise ~$610M in its Shanghai IPO; it brought in ~$247M in revenue in 2025 and ~$41.6M in net profit (www.bloomberg.com)
2026-3-20 China IPO Robot Shanghai

Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 employees as of March 1; Gemini lost $500M+ in 2025 (www.bloomberg.com)
2026-3-20

Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, a source says for $6B; ByteDance bought Moonton for $4B in 2021 (www.bloomberg.com)
2026-3-20 Arabia Saudi Arabia

Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization plans for their AI investments (www.bloomberg.com)
2026-3-20 Alibaba AI Tencent

Sources: Indian AI data center operator Yotta is aiming to secure ~$500M to $600M at a ~$4B valuation, then file initial paperwork for an IPO within weeks (www.bloomberg.com)
2026-3-20 India IPO AI

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