Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Chinese self-driving company Pony.AI raised $413.4B in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap (www.bloomberg.com)
2024-11-28 China IPO AI

Sources: Guangzhou-based self-driving company Pony.AI raised $260M after pricing its US IPO at $13 per share, the top of the range, implying a ~$4.5B valuation (www.bloomberg.com)
2024-11-27 IPO AI

Amsterdam-based Just Eat plans to delist from the London Stock Exchange on December 27 owing to the low liquidity, shifting to just an Amsterdam listing (www.bloomberg.com)
2024-11-27 London

Game console makers rethink selling more powerful machines, as performance improvements become less dramatic and consumers can't tell between 4K and 8K graphics (www.bloomberg.com)
2024-11-27

South Korea says it will bolster its domestic chipmakers next year with $10.2B in support including loans, citing potential economic uncertainty under Trump (www.bloomberg.com)
2024-11-27 Trump Korea

Kraken says it is shutting down its NFT marketplace almost two years after it was launched (www.bloomberg.com)
2024-11-27

HP reports Q4 revenue up 1.7% YoY to $14.1B, Personal Systems revenue up 2% to $9.59B vs. $9.74B est., forecasts Q1 profit below est.; HPQ drops 7%+ after hours (www.bloomberg.com)
2024-11-27 4Q

Uber launches a data labeling service called Scaled Solutions, accepting gig worker signups from India, the US, Canada, Poland, and Nicaragua (www.bloomberg.com)
2024-11-27 India Uber Canada Poland

/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation (www.bloomberg.com)
2024-11-27 AI

OpenAI, Meta, and Orange plan to train AI models on African languages, starting with Wolof and Pulaar, addressing a shortage for Africa's thousands of dialects (www.bloomberg.com)
2024-11-26 AI Africa

Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations (www.bloomberg.com)
2024-11-26

Sources: Xiaomi prepares its own mobile chip for its smartphones, to reduce reliance on Qualcomm and MediaTek, with mass production expected to begin in 2025 (www.bloomberg.com)
2024-11-26 Mobile Xiaomi

Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition” (www.bloomberg.com)
2024-11-26 Intel

Tron founder Justin Sun invests $30M in Trump's World Liberty Financial, making him the largest investor in the DeFi project (www.bloomberg.com)
2024-11-26 Trump

Austin-based anti-ransomware startup Halcyon raised $100M at a $1B valuation led by Evolution Equity Partners, bringing its total funding to date to $190M (www.bloomberg.com)
2024-11-26 Startup Equity

Klarna reports ~$1.85B in Q1 to Q3 2024 revenue, up 23% YoY, pretax loss down 99% YoY to ~$180K, and Q3 net income up 57% YoY to ~$19.7M, as its US IPO nears (www.bloomberg.com)
2024-11-26 IPO

The EU says Corning offered commitments in a bid to settle an antitrust probe over alleged exclusive Gorilla Glass deals, including waiving exclusive clauses (www.bloomberg.com)
2024-11-26

Sources: Sony is in the early stages of developing a portable console to play PS5 games, building on the PlayStation Portal, although its launch is years away (www.bloomberg.com)
2024-11-25 Sony

Shares of Japan's Fujikura, which specializes in fiber optic cables for data centers, are up 400%+ in 2024 due to the AI boom, leading the Nikkei 225 index (www.bloomberg.com)
2024-11-25 Japan AI

A profile of Chris Maurice, CEO of US-based stablecoin startup Yellow Card, which operates in 20 African countries and has traded $3B+ worth of crypto in 2024 (www.bloomberg.com)
2024-11-25 Startup Africa

Sources: Cantor Fitzgerald plans a $2B program to lend dollars to clients who put up Bitcoin as collateral and is talking with Tether about support (www.bloomberg.com)
2024-11-25 Bitcoin

Thoughts on Apple TV's history and future; sources: a larger-than-usual number of features scheduled for iOS 19 have been postponed to iOS 19.4 in spring 2026 (www.bloomberg.com)
2024-11-25 IOS Apple

Gamers who prefer playing together are fueling demand for esports hotels across China; research firm Niko Partners says China has more than 21,000 such hotels (www.bloomberg.com)
2024-11-24 China

Around 56% of the $8.2B in financial remedies that the US SEC obtained in FY 2024 is attributable to a monetary judgment against Terraform Labs and Do Kwon (www.bloomberg.com)
2024-11-24 Monetary

Jensen Huang urged global cooperation and highlighted China's contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong (www.bloomberg.com)
2024-11-23 China Hong Kong AI

China's richest man Zhong Shanshan accused PDD of harming his bottled-water empire through a price war and ByteDance of fanning online vitriol targeting him (www.bloomberg.com)
2024-11-23 China

A US judge declines to sanction Musk for skipping an SEC meeting for a probe into his Twitter takeover, as he reimbursed the SEC and met its lawyers in October (www.bloomberg.com)
2024-11-23 Twitter

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