Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of Airwallex co-founder Jack Zhang, who turned down Stripe's $1.2B offer seven years ago; the fintech is now valued at $6.2B and plans an IPO in 2026 (www.bloomberg.com)
2025-6-12 IPO Fintech

Stripe has agreed to acquire Privy, which helps companies build crypto wallets into their user experiences; Privy was last valued at $230M in March 2025 (www.bloomberg.com)
2025-6-12

Sources: Jack Rae, a principal researcher at Google DeepMind, is expected to join Meta's “superintelligence” team, as well as an ML lead from Sesame AI (www.bloomberg.com)
2025-6-12 Google AI

DoorDash acquires adtech company Symbiosys for $175M, as part of a major update to its ad business that now generates $1B+ annually (www.bloomberg.com)
2025-6-11

Coco Robotics, which operates a fleet of cooler-sized delivery robots on wheels, raised $80M from Sam Altman and others, taking its total funding to $110M+ (www.bloomberg.com)
2025-6-11 Robot

President Trump says a trade framework with China “is done, subject to final approval with President Xi and me”, and the US tariff rate would be 55% “total” (www.bloomberg.com)
2025-6-11 Trump China

Nvidia unveils new projects to bolster AI infrastructure across Europe, including expanding its Mistral partnership to use local AI computing, at a Paris event (www.bloomberg.com)
2025-6-11 Europe AI Nvidia Paris

Whole Foods supplier United Natural Foods says it is working to restore its systems by June 15 after a cyberattack, leaving empty shelves and stalled forklifts (www.bloomberg.com)
2025-6-11

Hong Kong invokes its national security law to ban Taiwanese-made mobile game Reversed Front: Bonfire, marking the first known use of the law to block a game (www.bloomberg.com)
2025-6-11 Hong Kong Taiwan Mobile Ban

Nintendo says it sold 3.5M Switch 2 consoles globally in its first four days, a record for any of its hardware; Nintendo aims to sell 15M units by March 2026 (www.bloomberg.com)
2025-6-11 Nintendo

Online trading platform Webull will now allow US retail investors to bet on the future prices of bitcoin and ethereum through a partnership with Kalshi (www.bloomberg.com)
2025-6-11 Bitcoin Retail Ethereum

Cisco unveils updated networking and security products, including a new generation of switches with 10x performance, to boost AI networks and cut bottlenecks (www.bloomberg.com)
2025-6-10 AI Cisco

Tencent Music agrees to buy podcasting startup Ximalaya for $1.3B in cash, plus some stock, in a bid to become China's Spotify; Ximalaya had 303M MAUs in 2023 (www.bloomberg.com)
2025-6-10 China Startup Tencent Spotify

Sources: Mark Zuckerberg, frustrated at Meta's AI shortfalls, is personally assembling a team of AI experts and met engineers at his homes in recent weeks (www.bloomberg.com)
2025-6-10 AI Zuckerberg

Roblox hires Paramount's Naveen Chopra as CFO starting June 30; Chopra previously held senior roles at Amazon and served as CFO at Pandora and TiVo (www.bloomberg.com)
2025-6-10 Amazon

Alibaba, Tencent, and other Chinese AI companies temporarily disabled chatbot functions like image recognition during China's annual college entrance exams (www.bloomberg.com)
2025-6-9 China Alibaba AI chatbot Tencent

Qualcomm agrees to acquire UK-listed Alphawave, which makes high-speed chip and connectivity tech for data centers, for $2.4B in cash, set to close in Q1 2026 (www.bloomberg.com)
2025-6-9

Thoughts on the major design overhaul of Apple's OSes with “Liquid Glass” UI elements, which will launch at WWDC and set the stage for fresh hardware products (www.bloomberg.com)
2025-6-9 Apple

Sources: Meta is in talks for a potential multibillion-dollar investment in Scale AI, Meta's largest external AI investment; Scale AI was last valued at ~$14B (www.bloomberg.com)
2025-6-8 AI

An in-depth look at the US SEC's EDGAR system breach that was disclosed in 2017, as one of the key hackers, Olga Kuprina, says EDGAR remains a soft target (www.bloomberg.com)
2025-6-8

Sources: ByteDance replaced some TikTok Shop's US staff in Seattle with China-based managers after 2024 revenue hit $9B, far short of its $17.5B goal (www.bloomberg.com)
2025-6-8 China Seattle

Simetrik, which uses AI to automate account reconciliation, raised a $30M Series B extension led by a Goldman Sachs Alternatives unit, taking the round to $85M (www.bloomberg.com)
2025-6-7 AI Goldman

Beijing-based Kuaishou's stock climbs after the company said it expects its video-generation service Kling AI to hit $100M in annual revenue by February 2026 (www.bloomberg.com)
2025-6-7 AI

An Indian government official says Starlink has secured a license from the telecom ministry to launch services in the country and now must apply for spectrum (www.bloomberg.com)
2025-6-7 India

Source: Milan Kovac, Tesla's head of engineering for Optimus humanoid robot program, is leaving; Ashok Elluswamy, who leads autopilot teams, will lead Optimus (www.bloomberg.com)
2025-6-7 Tesla Robot

What to expect at WWDC 2025: iOS 26 and other software branding changes, redesigned software interfaces, productivity enhancements, minor AI changes, and more (www.bloomberg.com)
2025-6-7 IOS AI

Source: Trump's World Liberty Financial sent a cease-and-desist letter to the company behind $TRUMP and to Magic Eden after they announced the $TRUMP Wallet (www.bloomberg.com)
2025-6-6 Trump

Cursor maker Anysphere raised $900M led by Thrive at a $9.9B valuation, bringing its total funding to $1B+ and says its annualized revenue crossed $500M (www.bloomberg.com)
2025-6-6

Defense tech startup Anduril raised a $2.5B Series G led by Founders Fund, which invested $1B, at a $30.5B valuation, up from $14B in August 2024 (www.bloomberg.com)
2025-6-6 Startup

OnePlus unveils the $700+ OnePlus Pad 3, a 13.2-inch Android tablet with a Snapdragon 8 Elite chip, a <6mm thick body, 17 hours of battery life, and LCD display (www.bloomberg.com)
2025-6-5 Android Battery

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