Articles from www.bloomberg.com

Articles from www.bloomberg.com

Internal message: SpaceX has authorized an insider share sale at $421/share, valuing the company at ~$800B, and said it's preparing for a possible IPO in 2026 (www.bloomberg.com)
2025-12-13 IPO SpaceX

Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month (www.bloomberg.com)
2025-12-13 Intel Startup AI

David Sacks says China is rejecting Nvidia's H200 AI chips, because the country wants “semiconductor independence” and to “prop up and subsidize Huawei” (www.bloomberg.com)
2025-12-13 China AI Nvidia

David Sacks says Trump's AI EO aims to ease companies' compliance burden and that the administration is working with Congress on a common AI oversight standard (www.bloomberg.com)
2025-12-13 Trump AI

Sources: X reported $752M in Q3 revenue, up 17% YoY, a net loss of $577.4M, and EBITDA of ~$454M, up 16%; revenue for the first nine months of 2025 was $2B+ (www.bloomberg.com)
2025-12-13

Sources: Oracle has pushed back completion dates for some data centers it is building for OpenAI from 2027 to 2028, largely due to labor and material shortages (www.bloomberg.com)
2025-12-13 Oracle

TechInsights: Huawei's Kirin 9030 processor, used in its Mate 80 Pro Max phone, is China's most advanced chip to date and produced with SMIC's updated 7nm tech (www.bloomberg.com)
2025-12-13 China

Sources: China is considering a $28B to $70B incentives package, which will operate separately from the $50B Big Fund III, to support its chipmaking industry (www.bloomberg.com)
2025-12-13 China

A US appeals court upholds a contempt ruling in Epic v. Apple but says Apple can charge commissions on external links, with the rate to be set by a lower court (www.bloomberg.com)
2025-12-12 Apple

Medra, which programs robots with AI to conduct and improve biological experiments, raised $52M led by Human Capital, taking its total funding to $63M (www.bloomberg.com)
2025-12-11 AI Robot

Uber discontinues monthly EV bonuses as it scales back key climate efforts after embracing Trump's Big Beautiful Bill, which slashed clean-energy incentives (www.bloomberg.com)
2025-12-11 Trump Uber Energy Climate

Sources: EU competition watchdogs raided Temu's European headquarters in Dublin last week, amid suspicions Temu may have received unfair subsidies from Beijing (www.bloomberg.com)
2025-12-11 Europe

Tim Cook met with US lawmakers in a closed-door meeting to lobby against provisions in pending legislation that would require app stores to verify users' ages (www.bloomberg.com)
2025-12-11 Tim Cook

In a series of lawsuits, Intel, AMD, Texas Instruments, and Berkshire were accused of failing to keep their tech out of Russian-made weapons used in Ukraine (www.bloomberg.com)
2025-12-11 Russia Intel Ukraine Berkshire Texas AMD

Nvidia says that it hasn't seen “substantiation or received tips” about chip smuggling via data centers outside of China, after The Information's DeepSeek story (www.bloomberg.com)
2025-12-11 China Nvidia

Amazon Kindle Scribe Colorsoft review: the $630 pen-enabled e-reader is a tough sell for most people, even with its big 11" display and productivity features (www.bloomberg.com)
2025-12-11 Amazon

Sources: Meta's new model, codenamed Avocado, may launch in 2026 as a “closed” model, a move Alexandr Wang advocates, shifting from Meta's open-source strategy (www.bloomberg.com)
2025-12-11

Betting exchange Matchbook plans to launch a prediction market platform in the UK in January 2026 as a “road test” before a planned US launch as early as March (www.bloomberg.com)
2025-12-10

How President Trump's tariffs ended China's monopoly on making US game consoles, boosting Vietnam, whose exports jumped from $30M/month in 2024 to $400M in May (www.bloomberg.com)
2025-12-10 Trump China Vietnam

As Australia bans under-16s from social media platforms, TikTok-powered video app Lemon8, friends-only photo app Yope, and others rise up the App Store charts (www.bloomberg.com)
2025-12-10 Australia

The EU's General Court reduces a 2023 EU antitrust fine on Intel to €237.1M, down from €376.36M; the EU fined Intel a record €1.06B in 2009, then overturned (www.bloomberg.com)
2025-12-10 Intel

Australia's under-16 social media ban excludes Discord, GitHub, LEGO Play, Roblox, Steam, Google Classroom, Facebook Messenger, WhatsApp, and YouTube Kids (www.bloomberg.com)
2025-12-10 Australia Google Facebook YouTube WhatsApp Ban GitHub

Cambridge, UK-based Nu Quantum, which builds networking infrastructure to link and scale quantum computers, raised a $60M Series A led by National Grid Partners (www.bloomberg.com)
2025-12-10 Quantum

An interview with Tencent Games Global CEO Michelle Liu, whose hands-on dealmaking approach generated $10B in international gaming revenue over the past year (www.bloomberg.com)
2025-12-10 Interview Tencent

Nintendo's shares slid as much as 4.7% on December 10 to their lowest level since May, amid concerns that rising memory chip prices will erode its profit (www.bloomberg.com)
2025-12-10 Nintendo

Coupang CEO Park Dae-jun resigns after the company incurred South Korea's largest-ever data breach, in which the personal data of 30M+ people was compromised (www.bloomberg.com)
2025-12-10 Korea

Bengaluru-based e-commerce platform Meesho opened up 54% in its stock market debut, giving the company a ~$8.4B market cap after raising ~$603M in its India IPO (www.bloomberg.com)
2025-12-10 India IPO

Boom's move to modify its supersonic engine to power AI data centers is another example of industrial capacity being repurposed to serve the AI supply chain (www.bloomberg.com)
2025-12-10 AI

Source: Trump allowed Nvidia to sell H200s to China after concluding the move carried a lower security risk as Huawei offers systems with comparable performance (www.bloomberg.com)
2025-12-10 Trump China Nvidia

Sources: SpaceX plans an IPO in mid-to-late 2026, seeking to raise far above $30B and targeting a ~$1.5T valuation, potentially making it the largest IPO ever (www.bloomberg.com)
2025-12-10 IPO SpaceX

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