Articles from www.bloomberg.com

Articles from www.bloomberg.com

Google and Nvidia say Google's Quantum AI division will use Nvidia's Eos supercomputer to speed up the design of quantum components (www.bloomberg.com)
2024-11-19 Google AI Nvidia Quantum EOS

Sources: Apple has raised its offer to invest in Indonesia from about $10M to almost $100M, in a bid to persuade the government to lift its iPhone 16 sales ban (www.bloomberg.com)
2024-11-19 iPhone Apple Ban Indonesia

Sources: DOJ antitrust officials plan to ask a judge to force Google to sell Chrome, license Search data, uncouple Android from Search and Google Play, and more (www.bloomberg.com)
2024-11-19 Android Google Chrome

Sources: DOJ antitrust officials have decided to, along with states' AGs, ask a judge to force Google to spin off Chrome and impose data licensing requirements (www.bloomberg.com)
2024-11-19 Google Chrome

Goldman Sachs says it is reaching out to potential partners about plans to spin out its digital-assets platform within 12 to 18 months (www.bloomberg.com)
2024-11-19 Goldman Asset

MicroStrategy bought ~51,780 bitcoin for ~$4.6B between November 11 and November 17, its largest purchase since starting in 2020, and now holds $29B in bitcoin (www.bloomberg.com)
2024-11-19 Bitcoin

Tim Berners-Lee's Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI's rise (www.bloomberg.com)
2024-11-18 AI Belgium

Xiaomi reports Q3 revenue up 31% YoY to ~$12.8B, above ~$12.4B est., and a ~$738.5M net income, above ~$653M est., buoyed by growing smartphone and EV sales (www.bloomberg.com)
2024-11-18 Xiaomi

How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI's promise will require $1T+ for data centers, electricity, and more (www.bloomberg.com)
2024-11-18 AI Wall Street

Trump: FCC commissioner Brendan Carr will chair the FCC; Carr has suggested limiting Section 230 of the Communications Act to curb Big Tech content moderation (www.bloomberg.com)
2024-11-18 Trump

Sources: Trump's transition team is looking for candidates to lead the US Department of Transportation and develop a federal framework for autonomous vehicles (www.bloomberg.com)
2024-11-18 Trump Autonomous Car

How Tim Cook may navigate Trump's presidency, a closer look at Apple's upcoming smart home command center, sources detail a new AirTag coming in 2025, and more (www.bloomberg.com)
2024-11-18 Trump Apple Tim Cook

Netflix says 60M households watched the Paul vs. Tyson boxing bout live around the world, peaking at 65M concurrent streams (www.bloomberg.com)
2024-11-17 Netflix

A look at the challenges facing the Trump administration for regulating AI; policy analysts suspect Trump will dismantle or reshape the US AI Safety Institute (www.bloomberg.com)
2024-11-16 Trump AI

One year after Sam Altman was dramatically ousted and reinstated, OpenAI remains dominant as it continues to push ahead on impressive new products (www.bloomberg.com)
2024-11-16

X sues to block California's AB 2655, aimed at curbing AI-generated deceptive election content on social media, claiming it impinges on free speech (www.bloomberg.com)
2024-11-16 AI California

Ant Group's profit grew ~193% YoY in the June quarter to $1.05B, reversing a year-long decline as it regains its footing from the Chinese government crackdown (www.bloomberg.com)
2024-11-16 China

Filing: Samsung plans to buy back about $7.2B of its own stock in stages over the next year, in one of the larger shareholder return programs in its history (www.bloomberg.com)
2024-11-15 Samsung

Lenovo reports Q2 revenue up 24% YoY to $17.85B, above est., and net income up 44% YoY to $358.5M, vs. $343.3M est.; IDC: Lenovo's PC shipments grew 3% YoY (www.bloomberg.com)
2024-11-15 Lenovo

Ilya Lichtenstein is sentenced to five years in prison for conspiring with his wife, Heather “Razzlekhan” Morgan, to launder money from the 2016 Bitfinex hack (www.bloomberg.com)
2024-11-15

Sources: the US House Select Committee on China summoned Amazon staffers in September to discuss concerns about Amazon's shopping partnership with TikTok (www.bloomberg.com)
2024-11-15 China Amazon

JD.com reports Q3 revenue up 5.1% YoY to ~$36B, above $35.9B est., and net income up 48% YoY to ~$1.6B, suggesting a recovery in segments of China's economy (www.bloomberg.com)
2024-11-14 China

Foxconn reports Q3 revenue up 20% YoY to a record ~$57.01B, net income of ~$1.5B vs. ~$1.408B est., and expects half of its server orders in 2025 to be for AI (www.bloomberg.com)
2024-11-14 AI

Sources: the UK Treasury is planning to introduce legislation on stablecoins and staking; the FCA says it plans to publish a crypto regulatory roadmap “shortly” (www.bloomberg.com)
2024-11-14

Filing: FTX co-founder Gary Wang, due for sentencing on Nov. 20, built “tools” to help the US government detect potential fraud in the stock and crypto markets (www.bloomberg.com)
2024-11-14

Sources: Thrive Capital is in talks to invest ~$1B in analytics software maker Databricks at a ~$55B valuation; PitchBook: DataBricks has raised $4B+ so far (www.bloomberg.com)
2024-11-14

Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users (www.bloomberg.com)
2024-11-14 FBI

Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B estimated, net income down 25% to $2.7B, and forecasts Q2 revenue above estimates (www.bloomberg.com)
2024-11-14 Cisco

Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January (www.bloomberg.com)
2024-11-14 AI

Sources: Apple is making a 6" wall-mounted display to control appliances, videoconference, and use AI to navigate apps, and may unveil it as early as March 2025 (www.bloomberg.com)
2024-11-14 AI Apple

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