Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Chinese authorities arrest a man for using ChatGPT to write and spread fake news articles, one of the first known instances, with one article having 15K+ views (www.bloomberg.com)
2023-5-9

BOJ Will End Yield Curve Control Once Stable Inflation Target in Sight, Ueda Says (www.bloomberg.com)
2023-5-9 Inflation

Fed Says Banks Kept Tightening Loan Standards in First Quarter (www.bloomberg.com)
2023-5-9

Halifax Says UK House Prices Fell for First Time This Year (www.bloomberg.com)
2023-5-9

Goldman Sachs joins Barclays in betting against Fed rate cuts this year. (www.bloomberg.com)
2023-5-9 Goldman

Parents Paying Down Student Debt Worry How They'll Send Kids to College. With monthly bills slated to resume in coming months, borrowers with children are facing a squeeze. (www.bloomberg.com)
2023-5-9

Inside Miami Tech Week, where more attention was devoted to AI than crypto this year and the tech downturn was hardly noticeable despite a plunge in VC funding (www.bloomberg.com)
2023-4-29 AI

Apple drops its lawsuit against Gerard Williams III, a former Apple chip executive who allegedly poached its employees and used company resources to start Nuvia (www.bloomberg.com)
2023-4-29 Apple

Solana's SOL is up about 125% since December 31, outperforming bitcoin's 78% rally, as the blockchain tries to move past its association with Sam Bankman-Fried (www.bloomberg.com)
2023-4-28 Blockchain Bitcoin

A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022 (www.bloomberg.com)
2023-4-28 Bitcoin Africa South Africa CFTC

The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable”; MTA: Twitter demanded $50K per month for API access (www.bloomberg.com)
2023-4-28 Twitter New York

Clubhouse plans to lay off 50%+ of its employees as it “resets” the company despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022 (www.bloomberg.com)
2023-4-28

A federal appeals court upholds the dismissal of state AGs' suit against Meta, ruling that they waited too long to sue over Instagram and WhatsApp acquisitions (www.bloomberg.com)
2023-4-28 Instagram WhatsApp

NY-based Pinecone Systems, which offers vector data storage for LLMs, raised a $100M Series B led by a16z at a $750M valuation, up from $168M in February 2022 (www.bloomberg.com)
2023-4-28

Sources: Germany is in talks to limit the export of chemicals used to make advanced chips to China, seeking to join US and EU allies in closing ranks on China (www.bloomberg.com)
2023-4-27 China Germany

A profile of ASML, the most valuable tech company in Europe, as the US-China chip war escalates; ASML's next apartment-sized machine ships in 2025 for $380M+ (www.bloomberg.com)
2023-4-27 China Europe

The UK CMA's objection to Microsoft's Activision deal focuses on the nascent cloud gaming market, a departure from regulators focusing on mature markets (www.bloomberg.com)
2023-4-27 Microsoft

London-based Standard Chartered subsidiary Zodia, which provides custody services for crypto assets, raised a $36M Series A led by Japan's SBI Holdings (www.bloomberg.com)
2023-4-27 Japan Asset London

Sources: DraftKings plans to launch a free, ad-supported video streaming service with videos of podcasts the company sponsors, expected to debut in coming weeks (www.bloomberg.com)
2023-4-27

A Brazilian court orders a temporary ban on Telegram in the country after the company refused to share information about neo-Nazi groups with the federal police (www.bloomberg.com)
2023-4-27 Ban Brazil

YouTube Music contractors from Cognizant vote to unionize with the Alphabet Workers Union; Alphabet is appealing a ruling that Google is their joint employer (www.bloomberg.com)
2023-4-27 Google YouTube Alphabet

Bosch plans to buy US chipmaker TSI Semiconductors and invest $1.5B+ in its Roseville, California foundry, aiming to make silicon carbide chips there by 2026 (www.bloomberg.com)
2023-4-27 California

Alibaba Cloud plans to cut its core product costs by up to 50% from May 7; it has received 200K+ requests to join the beta trial of its Tongyi Qianwen AI model (www.bloomberg.com)
2023-4-26 Alibaba AI

Nick Clegg says TikTok's presence in the US, while China bars Meta, isn't a level playing field, and new tech like AI shouldn't be based on autocratic values (www.bloomberg.com)
2023-4-26 China AI

Voyager Digital says Binance.US terminated an agreement to acquire the bankrupt crypto broker for $1B (www.bloomberg.com)
2023-4-26

Sources: Apple is working on emotion tracking tools, coming to the Health app this year, and an AI-powered health coaching subscription service codenamed Quartz (www.bloomberg.com)
2023-4-26 AI Apple

OpenAI now lets ChatGPT users turn off their chat histories, excluding them from the company's models, and plans to launch ChatGPT Business in the coming months (www.bloomberg.com)
2023-4-26

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