Articles from www.bloomberg.com

Articles from www.bloomberg.com

The Workers' Daily, the official mouthpiece of China's umbrella trade union, calls on regulators to protect worker rights and strengthen oversight amid AI boom (www.bloomberg.com)
2026-6-11 China AI

Hungary plans to decriminalize crypto trading in a reversal of restrictions, which prompted Revolut and others to suspend services, under former PM Viktor Orban (www.bloomberg.com)
2026-6-11

Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the “618” annual shopping festival (www.bloomberg.com)
2026-6-11 China Alibaba

Sources: Meta has completed an operational split with Manus and stopped data sharing; Manus is exploring options, including raising ~$1B to fund a buyback (www.bloomberg.com)
2026-6-11

Sources: Alibaba replaces DingTalk CEO Chen Hang with Chen Yusen after an internal debate over the enterprise communication app's role in Alibaba's AI strategy (www.bloomberg.com)
2026-6-11 Alibaba AI

South Korean regulators fined Coupang $409M for a data leak in 2025 that exposed ~33.7M accounts and escalated into a diplomatic conflict with the US (www.bloomberg.com)
2026-6-11 Korea

Amazon secures a $17.5B loan from Citigroup and other banks, after selling CA$14B in bonds on Monday, the largest corporate debt offering in Canadian dollars (www.bloomberg.com)
2026-6-11 Amazon Canada

Sources: Microsoft's Xbox division is planning major layoffs next month and significant budget cuts for marketing and some other areas (www.bloomberg.com)
2026-6-11 Microsoft Layoffs Budget Xbox

Sources: Sea's Shopee is cutting hundreds of developer jobs globally; the reductions started this week and amount to about 8% of Shopee's developer workforce (www.bloomberg.com)
2026-6-11

OpenAI and Visa partner to let AI agents make purchases online after users give their permission and to explore enterprise applications for AI-driven payments (www.bloomberg.com)
2026-6-11 AI

Interfax: Russia restored access to Roblox after concluding the company had complied with local legal requirements; Russia had banned Roblox in December (www.bloomberg.com)
2026-6-11 Russia

Dario Amodei says he doesn't know what role Claude played in a missile strike on an Iranian school, and its use in this instance didn't violate Anthropic's ToS (www.bloomberg.com)
2026-6-11 Iran

Tesla has just 59 vehicles in its robotaxi fleet and is limited to three Texas cities after almost a year, nowhere close to Elon Musk's big promises (www.bloomberg.com)
2026-6-11 Tesla Elon Musk Texas

Dario Amodei has just one direct report, his COS Avital Balwit; Anthropic's executive team reports to Daniela Amodei, who handles much of day-to-day operations (www.bloomberg.com)
2026-6-11

Sources: Saudi Arabia's PIF and the Kuwait Investment Authority have placed share orders between $1B and $5B each for the SpaceX IPO (www.bloomberg.com)
2026-6-10 IPO Arabia Saudi Arabia SpaceX

Poetic, which aims to use AI to automate tasks like financial compliance, emerges from stealth with $50M in funding from OpenAI and others at a $500M valuation (www.bloomberg.com)
2026-6-10 AI

Sources: Ant International is considering raising ~$1B at a $10B+ valuation, paving the way for a potential Hong Kong IPO as soon as this year (www.bloomberg.com)
2026-6-10 Hong Kong IPO

Tata's chairman predicts AI agents will cut half the jobs at Tata Consultancy Services, and says TCS plans to reduce hiring in coming years as it ramps up AI (www.bloomberg.com)
2026-6-10 AI

The crackdown on online scam centers in Cambodia is leading some gangs to relocate to Sri Lanka, where authorities say they have arrested 1,000+ people in 2026 (www.bloomberg.com)
2026-6-10 Sri Lanka Cambodia

ASML's stock is up 64% YTD, but trails the broader US chip sector as the industry focuses spending on processes outside of lithography like advanced packaging (www.bloomberg.com)
2026-6-10

Nintendo's shares fell as much as 8.2% Wednesday morning in Tokyo after its 2026 Game Showcase came up short on new titles from major franchises such as Mario (www.bloomberg.com)
2026-6-10 Nintendo Tokyo

Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (www.bloomberg.com)
2026-6-10

CoreWeave founders have sold $2.3B in stock since the company's lockup period expired in August after a March 2025 IPO, reducing their combined holdings by ~25% (www.bloomberg.com)
2026-6-10 IPO

SF voters reject the Overpaid CEO Act, a union-backed ballot measure to raise taxes on any large business where the CEO earns 100x more than the median employee (www.bloomberg.com)
2026-6-10 Tax

Sources: India froze Starlink approvals to begin commercial operations due to concerns over the use of its terminals in Iran despite not being licensed there (www.bloomberg.com)
2026-6-10 India Iran

New York-based Standard Bots, which wants to make AI-powered robotic arms in the US, raised $200M led by General Catalyst and Robostrategy at a $1B valuation (www.bloomberg.com)
2026-6-9 AI Robot New York

Sources: Taiwan considers restricting AI chip sales to all Chinese customers, rather than only blacklisted entities like Huawei, to align with US measures (www.bloomberg.com)
2026-6-9 China Taiwan AI

Sources: China is drafting plans to spend $295B over the next five years on building AI data centers, sourcing 80%+ of tech from local suppliers like Huawei (www.bloomberg.com)
2026-6-9 China AI

IT management platform NinjaOne raised $400M in a secondary share sale at a $12.3B valuation, up from $5B in February 2025, and says its ARR has hit $600M (www.bloomberg.com)
2026-6-9

The first developer beta of iOS 27 offers the clearest signs yet of Apple's upcoming foldable iPhone, with references to folding hardware and flexible displays (www.bloomberg.com)
2026-6-9 IOS iPhone Apple

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