Articles from www.bloomberg.com

Articles from www.bloomberg.com

How effective altruism, championed by SBF before he dismissed it as a dodge, and doomsday scenarios, like killer rogue AI, became Silicon Valley obsessions (www.bloomberg.com)
2023-3-8 AI

Source: Silvergate is in talks with FDIC officials about ways to avoid a shutdown, including lining up crypto-industry investors to help shore up its liquidity (www.bloomberg.com)
2023-3-7

CrowdStrike reports Q4 revenue up 48% YoY to $637M, vs. $625M est., record $222M net new ARR, and a record 1,873 net new subscription customers; CRWD jumps 5%+ (www.bloomberg.com)
2023-3-7 4Q

Biden Proposes Tax Hike on Income Over $400,000 to Fund Medicare (www.bloomberg.com)
2023-3-7 Tax Medicare

Health-care debt gets harder look as distress builds — Raft of recent downgrades create headaches for CLO managers (www.bloomberg.com)
2023-3-7

Investor document: Stripe seeks to raise ~$2.3B to cover Q1 tax withholdings and plans to withhold an additional $500M in 2022 and $700M in 2023 (www.bloomberg.com)
2023-3-7 Tax

South Korea's trade minister says the US CHIPS Act has many preconditions for companies to receive incentive funds and compliance will take much time and effort (www.bloomberg.com)
2023-3-7 Korea

Meta Plans Thousands More Layoffs as Soon as This Week (www.bloomberg.com)
2023-3-7 Layoffs

Sources: Meta plans to cut thousands of jobs as soon as this week, after it eliminated 13%, or 11,000 jobs in November 2023 in its first major layoff (www.bloomberg.com)
2023-3-7

Atlassian is cutting 500 jobs, about 5% of its workforce; filing: the company will incur about $70M to $75M in restructuring costs through the end of June (www.bloomberg.com)
2023-3-7 Atlassian

Trump's Threat of a Third-Party Run Is Undercut by ‘Sore Loser' Laws (www.bloomberg.com)
2023-3-6 Trump

Twitch's New Streaming Rival Kick Tests Waters of Lighter Moderation (www.bloomberg.com)
2023-3-6

Microsoft announces Dynamics 365 Copilot, built using OpenAI's tech, helping draft contextual chat and email answers and more, rolling out in preview (www.bloomberg.com)
2023-3-6 Microsoft

Cannabis Companies Are Having Trouble Winning Over Institutional Investors (www.bloomberg.com)
2023-3-6

Mortgage Lenders Are Selling Homebuyers a Lie (www.bloomberg.com)
2023-3-6 mortgage

A look at Russia's cyberattack on Viasat's KA-SAT network in February 2022, leading some countries to debate how to improve satellite security for the long term (www.bloomberg.com)
2023-3-6 Russia

How Commerce Department Secretary Gina Raimondo became a key player in the US' stricter China policy, including helping steer the CHIPS Act, exports, and TikTok (www.bloomberg.com)
2023-3-6 China

Sources: Arm decided against a London listing for now to focus on a sole NYC listing later in 2023; in 2022, SoftBank was aiming for a $60B+ valuation for Arm (www.bloomberg.com)
2023-3-6 London

Analysis: at least eight companies that went public via SPACs filed for bankruptcy since June 2022, almost 100 are spending unsustainably, and 73 trade below $1 (www.bloomberg.com)
2023-3-6

China's Big Fund pledges to invest ~$1.9B more in memory chipmaker YMTC, suggesting Beijing is again boosting its beleaguered chip industry after US tech curbs (www.bloomberg.com)
2023-3-6 China

Teladoc Health, which runs BetterHelp, settles with the FTC for $7.8M and agrees to stop sharing data with Meta, Snap, and other companies for ad purposes (www.bloomberg.com)
2023-3-6

Coinbase acquires One River, a crypto asset management startup that serves only institutional clients, like pension funds; One River was valued at $186M in 2021 (www.bloomberg.com)
2023-3-6 Startup Asset Coinbase

Amazon pauses second phase of construction of its HQ2 in Virginia as it reassesses office needs following its deepest-ever job cuts; phase one nears completion (www.bloomberg.com)
2023-3-6 Amazon Virginia

Sources: Stable Diffusion creator Stability AI seeks to raise money at a ~$4B valuation, after raising a $101M seed at a ~$1B valuation in October 2022 (www.bloomberg.com)
2023-3-6 AI

An NLRB director rules that Google is a “joint employer” with YouTube subcontractor Cognizant and must bargain with Cognizant's YouTube workers if they unionize (www.bloomberg.com)
2023-3-6 Google YouTube

The US adds China's Inspur, the world's third largest server maker that has joint ventures with IBM and Cisco, to its Entity List, limiting its US tech access (www.bloomberg.com)
2023-3-6 China IBM Cisco

Source: Russia is circumventing sanctions by importing advanced chips through countries such as Turkey and the UAE; shipments from China to Russia have surged (www.bloomberg.com)
2023-3-6 Russia China

Abu Dhabi-based data analytics firm Presight AI, owned by AI and cloud computing company G42, plans to raise $495M at a ~$2B valuation in an IPO on March 13 (www.bloomberg.com)
2023-3-6 IPO AI

iPhone Maker Foxconn plans $700 million India plant in shift From China (www.bloomberg.com)
2023-3-6 China India iPhone

Russian Oil Exports Resilient Despite Full Force of Western Bans (www.bloomberg.com)
2023-3-6

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