Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Filing: Japanese chipmaker Kioxia plans its Tokyo Stock Exchange debut on December 18 and sets its indicative IPO price at about $9 per share to raise ~$180M (www.bloomberg.com)
2024-11-22 Japan IPO Tokyo

The UK plans to draft a regulatory framework to oversee stablecoins and staking services as part of a single overarching regime for cryptoassets in early 2025 (www.bloomberg.com)
2024-11-22

Klarna's planned US IPO in H1 2025 could presage an uptick in IPOs by fintechs like Trustly, Chime, Zilch, Plaid, and Revolut after a relatively slow period (www.bloomberg.com)
2024-11-22 IPO

Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16 (www.bloomberg.com)
2024-11-22 IOS Apple

Colorado-based Enveda, which uses AI to find drug candidates, raised $130M, after raising $55M in June, and launches a clinical trial for an oral eczema drug (www.bloomberg.com)
2024-11-22 AI

Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct (www.bloomberg.com)
2024-11-21 Alibaba

CFPB will supervise tech companies offering digital wallets, including Apple Pay, by treating them like banks as long as they handle 50M+ transactions per year (www.bloomberg.com)
2024-11-21 Apple Apple Pay

London-based Lighthouse, which offers tools to help hotels analyze market demand and rates, raised a ~$370M Series C led by KKR, sources say at a $1B+ valuation (www.bloomberg.com)
2024-11-21 London

Filing: the US DOJ's proposal requires Google to allow websites more ability to opt-out of its AI products and provide more ad placement controls to advertisers (www.bloomberg.com)
2024-11-21 Google AI

Neuralink receives approval from Canada to launch clinical trials of its brain implants and plans to run its first non-US trial with Toronto Western Hospital (www.bloomberg.com)
2024-11-21 Canada Toronto

US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto (www.bloomberg.com)
2024-11-21

Sources: Trump's team is talking with the crypto industry over whether to create a White House post dedicated to cryptocurrency policy and is vetting candidates (www.bloomberg.com)
2024-11-21 Trump Cryptocurrency

The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York (www.bloomberg.com)
2024-11-21 New York

Vista sells a minority stake in IT infrastructure monitoring company LogicMonitor to investors in a deal valuing it at ~$2.4B; LogicMonitor also raised $800M (www.bloomberg.com)
2024-11-21

As OpenAI, Anthropic, and Google reportedly see diminishing AI training returns, a break from the market hype could be useful, just as with previous innovations (www.bloomberg.com)
2024-11-20 Google AI

SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push (www.bloomberg.com)
2024-11-20 China Nvidia Shanghai

Lisbon-based Tekever, which builds aerial surveillance drones that can serve as the communication and navigation hub for swarms of smaller drones, raised €70M (www.bloomberg.com)
2024-11-20 Drone

The US-led crypto rally is leaving its mark in Asia as Bhutan's BTC holdings reached $1.1B, 36% of its GDP, increased trading activity in South Korea, and more (www.bloomberg.com)
2024-11-20 Korea Asia GDP

Shanghai-based satellite company SpaceSail plans to provide internet in Brazil in 2026; SpaceSail launched its first 36 satellites in August and September (www.bloomberg.com)
2024-11-20 Brazil Shanghai

Qualcomm expects its automotive and IoT businesses to drive combined revenues of $22B by FY 2029, including $8B from automotive chips and $4B from PC chips (www.bloomberg.com)
2024-11-20 IoT

Source: Microsoft reaches a deal with News Corp's HarperCollins to use nonfiction titles to train AI models; HarperCollins says authors can opt out (www.bloomberg.com)
2024-11-20 Microsoft AI

Robinhood agrees to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, in a $300M deal expected to close in H1 2025 (www.bloomberg.com)
2024-11-20

Kong, which helps customers manage APIs, raised a $175M Series E co-led by Tiger Global and Balderton at a $2B valuation, taking its total raised to $345M (www.bloomberg.com)
2024-11-20

Rox, which is developing AI-powered agents for salespeople, raised $50M across seed led by Sequoia and Series A led by General Catalyst (www.bloomberg.com)
2024-11-20 AI

Smart ring maker Oura raised a $75M Series D from medical device company Dexcom at a $5B+ valuation, up from $2.6B in 2022 (www.bloomberg.com)
2024-11-20

Microsoft unveils Azure AI Foundry to make LLM switching easier, says 60,000 customers use Azure AI, and updates 365 Copilot to automate repetitive tasks (www.bloomberg.com)
2024-11-20 Microsoft AI

The UK CMA clears Google's partnership with Anthropic, finding that Google has not gained “material influence” over the AI startup, following a formal probe (www.bloomberg.com)
2024-11-19 Google Startup AI

Super Micro hires BDO USA as its new independent auditor and files a plan to come into compliance with Nasdaq listing requirements; SMCI jumps 29%+ pre-market (www.bloomberg.com)
2024-11-19 U.S.

Sources: Huawei is designing its next two Ascend chips around a 7nm architecture, meaning its marquee chips will be stuck with aging tech until at least 2026 (www.bloomberg.com)
2024-11-19

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