Articles from www.bloomberg.com

Articles from www.bloomberg.com

Huawei reports H1 2025 revenue up 3.9% YoY to ~$58.5B, driven by soaring AI compute demand and a rebound in phone sales, and net profit down 32% YoY to ~$5.2B (www.bloomberg.com)
2025-8-29 AI

Elon Musk files a motion to dismiss a US SEC suit over his 2022 Twitter stake disclosure, calling allegations that he cheated investors a government overreach (www.bloomberg.com)
2025-8-29 Twitter Elon Musk

The CFTC says non-US crypto exchanges have a path to bringing on US users, in an advisory clarifying how they can register as so-called foreign boards of trade (www.bloomberg.com)
2025-8-29 CFTC

Source: Mark Zuckerberg lobbied President Trump against digital service taxes, which Trump then publicly criticized; Meta confirms they met privately last week (www.bloomberg.com)
2025-8-29 Trump Tax Zuckerberg

Commonwealth, which wants to build a fusion power plant, raised $863M from Nvidia's NVentures, Khosla Ventures, and Google, bringing its total raised to ~$3B (www.bloomberg.com)
2025-8-29 Google Nvidia

The US starts publishing GDP data on nine public blockchains including Bitcoin, Ethereum, and Solana, with the help of Coinbase, Kraken, and Gemini (www.bloomberg.com)
2025-8-29 Bitcoin GDP Ethereum Coinbase

Dutch web design automation startup Framer raised $100M led by Meritech and Atomico with Accel participation at a $2B valuation, after raising $27M in 2023 (www.bloomberg.com)
2025-8-28 Startup Netherlands

Nvidia CFO Colette Kress says the US hasn't outlined its plan for a 15% China commission, Nvidia won't pay until it has it, and it can sell AI chips without it (www.bloomberg.com)
2025-8-28 China AI Nvidia

Google plans to invest an additional $9B in Virginia through 2026 to boost its cloud and AI infrastructure, including a new data center in Chesterfield County (www.bloomberg.com)
2025-8-28 Google AI Virginia

An in-depth look at India's quick commerce boom, driven by Blinkit, Zepto, and Instamart, which have collectively lost more than $1.4B in the past four years (www.bloomberg.com)
2025-8-28 India

HP reports Q3 revenue up 3.1% YoY to $13.9B, vs. $13.7B est., Personal Systems revenue up 6% to $9.9B, and forecasts Q4 profit above estimates (www.bloomberg.com)
2025-8-28 4Q

CrowdStrike reports Q2 revenue up 21% YoY to $1.17B, above $1.15B est., and forecasts Q3 revenue below estimates; CRWD drops 6%+ after hours (www.bloomberg.com)
2025-8-28

Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 11%+ after hours (www.bloomberg.com)
2025-8-28

Sources: cloud startup Vercel is raising hundreds of millions of dollars led by Accel at a valuation of about $9B, up from about $3B in a round last year (www.bloomberg.com)
2025-8-28 Startup

Circana: in July, Sea's Free Fire jumped seven spots to 6th in US mobile game sales, above COD, driven by anime and Netflix tie-ins; US users buy 2M Switch 2s (www.bloomberg.com)
2025-8-28 Mobile Netflix

Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming “irrational competition” in the Chinese food delivery market (www.bloomberg.com)
2025-8-27 China

Malaysian chip designer SkyeChip unveils the MARS1000, the country's first edge AI processor, as Malaysia seeks to climb the global semiconductor value chain (www.bloomberg.com)
2025-8-27 AI Malaysia

Chinese AI chip designer Cambricon reports 44-fold revenue growth and a profit of ~$144M in H1 2025, after Beijing encouraged companies to use homegrown tech (www.bloomberg.com)
2025-8-27 China AI

OpenAI plans to update ChatGPT to better respond to mental distress cues, provide parental controls, and bolster safeguards around conversations about suicide (www.bloomberg.com)
2025-8-27

Sources: Microsoft has asked FBI for help tracking pro-Palestinian protests, and flagged internal emails with words like “Gaza”, deleted posts, and fired staff (www.bloomberg.com)
2025-8-27 Microsoft FBI

Trump says Meta plans to spend $50B on its “Hyperion” data center under construction in Louisiana; earlier, Meta said that its investment would exceed $10B (www.bloomberg.com)
2025-8-27 Trump

Sources and docs: Microsoft worked with the FBI to track anti-Israel protests, flagged internal emails with words like “Gaza”, deleted posts, and fired staff (www.bloomberg.com)
2025-8-26 Israel Microsoft FBI

AT&T agrees to buy spectrum licenses from EchoStar for ~$23B in cash, adding 50MHz of low-band and mid-band spectrum, set to close by mid-2026 (www.bloomberg.com)
2025-8-26 AT&T

Yield Sec: illegal gambling operators captured 71% of Europe's online betting and casino market in 2024, or €80.65B, as regulators struggle with crypto casinos (www.bloomberg.com)
2025-8-26 Europe

Stanford researchers: over the past three years, employment has dropped 13% for entry-level workers starting out in fields that are the most exposed to AI (www.bloomberg.com)
2025-8-26 AI

Shopify updated a help page in May to tighten its rules against “hateful content” like racist merchandise, after removing a similar ban in July 2024 (www.bloomberg.com)
2025-8-26 Ban Shopify Racism

So far in 2025, at least 10 biotech companies have pivoted into crypto to boost stock prices, frequently sparking frenzied but short-lived spikes in shares (www.bloomberg.com)
2025-8-26 Biotech

Thoma Bravo buys Verint for $1.23B in a deal valuing the customer service automation software provider at $2B, days after the PE firm bought Dayforce for $12.3B (www.bloomberg.com)
2025-8-26

Saudi Arabia's Humain debuts Humain Chat, a bilingual Arabic-English conversational AI powered by its Allam LLM and designed around Islamic values and heritage (www.bloomberg.com)
2025-8-26 AI Arabia Islam Saudi Arabia

A look at Apple's three-year iPhone redesign plan: an iPhone Air this September, a foldable iPhone with Touch ID in 2026, and a curved-glass “iPhone 20” in 2027 (www.bloomberg.com)
2025-8-25 iPhone Apple

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