Articles from www.bloomberg.com

Articles from www.bloomberg.com

Amazon ends an experiment started in 2023 to make same-day deliveries with drivers in Kia Souls and will rely on Amazon Flex drivers who use their own cars (www.bloomberg.com)
2025-6-21 Amazon

NYC announces new minimum-pay rules for rideshare drivers, settling on a 5% increase after Uber and Lyft strongly opposed a proposed 6.1% pay hike (www.bloomberg.com)
2025-6-21 Uber

Sources: Meta held discussions with Perplexity about a possible takeover before moving ahead with a $14.3B investment in Scale AI (www.bloomberg.com)
2025-6-21 AI

Sources: Masayoshi Son is pitching a Shenzhen-like $1T AI and robotics manufacturing hub in Arizona, codenamed Project Crystal Land, in partnership with TSMC (www.bloomberg.com)
2025-6-20 AI Robot Manufacturing Shenzhen

Israeli authorities urge citizens to turn off home cameras, and say Iran is tapping into security cameras in Israel to gather real-time intelligence for attacks (www.bloomberg.com)
2025-6-20 Israel Iran Intelligence

How JD.com is taking on China's food-delivery duopoly with viral stunts, low commissions, and deep discounts, prompting Meituan and Alibaba's Ele.me to respond (www.bloomberg.com)
2025-6-20 China Alibaba

A government-backed tech trial in Australia finds user age checks are technologically possible, clearing the way for a social media ban for under-16s this year (www.bloomberg.com)
2025-6-20 Australia Ban

European satellite company Eutelsat raised €1.35B, including €717M from France, to build out its fleet of satellites to rival Starlink; France's stake is ~30% (www.bloomberg.com)
2025-6-20 France Europe

How Iranian and Israeli hacking groups spent years sparring online; the US State Department is offering $10M for info on the Iran-linked CyberAv3ngers group (www.bloomberg.com)
2025-6-19 Israel Iran

Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after its fiscal year ends, after cutting 6,000 jobs in May (www.bloomberg.com)
2025-6-19 Microsoft

SoftBank-backed Spotter, which fronts cash to YouTubers for a cut of revenue, is facing significant challenges due to YouTube's shift toward Shorts, and more (www.bloomberg.com)
2025-6-19 YouTube

White House crypto and AI czar David Sacks says China has grown adept at evading US export controls and is at most two years behind US chip design capabilities (www.bloomberg.com)
2025-6-19 China AI

Scale AI's rivals like Snorkel AI, Labelbox, and Turing report rising interest from clients concerned about Scale's independence after Meta's $14.3B investment (www.bloomberg.com)
2025-6-19 AI

Texas Instruments plans to spend $60B+ on US semiconductor plants, including two new factories in Texas, and says its long-term spending plan remains unchanged (www.bloomberg.com)
2025-6-19 Texas

Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after the end of its fiscal year (www.bloomberg.com)
2025-6-19 Microsoft

OpenAI says it is phasing out its work with Scale AI, in which Meta invested billions; Scale accounted for a small fraction of OpenAI's overall data needs (www.bloomberg.com)
2025-6-19 AI

Intel names new engineering leadership, appointing Srinivasan Iyengar, Jean-Didier Allegrucci, and Shailendra Desai, as part of CEO Lip-Bu Tan's turnaround (www.bloomberg.com)
2025-6-19 Intel

Xreal One Pro review: the impressive new $649 AR glasses resemble normal spectacles at a distance and excel as a high-def external display for PCs and phones (www.bloomberg.com)
2025-6-18 AR

UBS confirms data was stolen in a cyberattack on supplier Chain IQ, which said it and 19 other companies were targeted; Swiss media says it impacts 130K+ staff (www.bloomberg.com)
2025-6-18 Switzerland

The European Commission accuses Chinese marketplace AliExpress of failing to tackle illegal products on its platform, in preliminary findings under the DSA (www.bloomberg.com)
2025-6-18 China Europe

JD.com founder Richard Liu calls the past five years the company's “darkest period” and vows to speed up overseas expansion and challenge Meituan in new areas (www.bloomberg.com)
2025-6-18

How Walmart plans to leverage its $2.3B Vizio acquisition to push shoppable TV experiences; Walmart's ad business had just $4.4B of sales in FY 2025 (www.bloomberg.com)
2025-6-18 Walmart

Sources: xAI is burning through $1B/month and expects to burn through ~$13B in 2025; revenues are expected to be just $500M this year, rising to $2B+ next year (www.bloomberg.com)
2025-6-18

X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution (www.bloomberg.com)
2025-6-18 New York

Sports data company Teamworks raised a $235M Series F led by Dragoneer at a $1B+ valuation; its tech is used by 6.5K+ sports teams including all NFL teams (www.bloomberg.com)
2025-6-18

Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average (www.bloomberg.com)
2025-6-18 Salesforce Slack

Sources: Elon Musk's xAI is in talks to raise $4.3B via an equity investment on top of the $5B it has recently been trying to borrow from debt investors (www.bloomberg.com)
2025-6-18 Elon Musk Equity

Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024 (www.bloomberg.com)
2025-6-17

China's MiniMax open sources MiniMax-M1, a model to handle complicated productivity tasks that supports 1M input tokens and it says surpasses DeepSeek's R1-0528 (www.bloomberg.com)
2025-6-17 China

Tinder unveils Double Date, bringing the double dating feature back to the US after shelving it in 2017 over privacy concerns, rolling out globally in July (www.bloomberg.com)
2025-6-17

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