Articles from www.bloomberg.com

Articles from www.bloomberg.com

A US judge sentences Noah Urban, a member of Scattered Spider, to 10 years in prison in connection with a string of major hacks and cryptocurrency thefts (www.bloomberg.com)
2025-8-21 Cryptocurrency

Microsoft says it curtailed Chinese companies' access to advance vulnerability notifications via MAPP starting in July, after probing the SharePoint breach (www.bloomberg.com)
2025-8-21 China Microsoft

Sources: Oracle is on the hook for tens of billions to build unprecedentedly large data centers, including $1B per year on a gas-powered megasite in West Texas (www.bloomberg.com)
2025-8-20 Oracle Texas

Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (www.bloomberg.com)
2025-8-20 Intel

Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most (www.bloomberg.com)
2025-8-20 Startup

Canva launches employee stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (www.bloomberg.com)
2025-8-20

Memo: Meta restructures Superintelligence Lab; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (www.bloomberg.com)
2025-8-20

Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (www.bloomberg.com)
2025-8-20 Google

DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese local media blames CEO Liang Wenfeng's perfectionism for R2's delay (www.bloomberg.com)
2025-8-19 China

Xiaomi reports Q2 revenue up 31% YoY to $16.2B, above ~$16B est., and net income up 75.4% to ~$1.6B driven by EV sales, as its smartphone business slows down (www.bloomberg.com)
2025-8-19 Xiaomi

Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units (www.bloomberg.com)
2025-8-19 China India iPhone Apple

Source: Oracle Chief Security Officer Mary Ann Davidson, who joined in 1988 and became the company's first CSO, is leaving as part of a recent reorganization (www.bloomberg.com)
2025-8-19 Oracle

Sources: the Trump administration is in discussions to take a stake of ~10% in Intel, converting some or all of Intel's $10.9B CHIPS Act grants into equity (www.bloomberg.com)
2025-8-19 Trump Intel Equity

Sources: Meta may debut “Hypernova” smart glasses with a display for ~$800 in September; Apple delays releasing immersive video shot around Vision Pro's debut (www.bloomberg.com)
2025-8-19 Apple

SoftBank buys Foxconn's Ohio EV plant; Foxconn will produce AI servers at the plant as part of Softbank's $500B Stargate project with OpenAI and Oracle (www.bloomberg.com)
2025-8-18 AI Oracle

Interview with Trent Brunson, R&D director at cybersecurity firm Trail of Bits, which won $3M and 2nd place in DARPA's AI Cyber Challenge, behind Team Atlanta (www.bloomberg.com)
2025-8-18 Interview AI

Sources: Apple slow-walks immersive content it shot around the launch of Vision Pro; Meta may launch “Hypernova” smart glasses with display for ~$800 next month (www.bloomberg.com)
2025-8-18 Apple

A look at the problems at Uber Freight, which has posted operating losses every year since it was founded in 2017, except for 2022, and just appointed a new CEO (www.bloomberg.com)
2025-8-17 Uber

Sources: current and former OpenAI employees plan to sell ~$6B in stock to Thrive Capital, SoftBank, and others in a secondary sale that values OpenAI at ~$500B (www.bloomberg.com)
2025-8-16

Meta's standalone Meta AI app, launched in April 2025, offers an uneven experience, hallucinating and not personalizing replies despite access to Meta accounts (www.bloomberg.com)
2025-8-16 AI

Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier (www.bloomberg.com)
2025-8-16 IPO

A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory (www.bloomberg.com)
2025-8-16

Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform (www.bloomberg.com)
2025-8-16

Opendoor CEO Carrie Wheeler steps down, with Shrisha Radhakrishna named president and interim CEO; OPEN jumps 8%+ (www.bloomberg.com)
2025-8-16

CoreWeave's IPO lockup expires Friday for holders of 80%+ of its Class A shares; its stock plunged 33% in the two days after its Q2 earnings amid selloff fears (www.bloomberg.com)
2025-8-15 IPO

Sources: some N26 investors seek to replace its co-CEOs after German regulator Bafin identified new deficiencies in the digital bank's internal controls (www.bloomberg.com)
2025-8-15 Germany

Meta's standalone Meta AI app, launched in April 2025, offers an uneven experience, often hallucinating facts and failing to provide personalized responses (www.bloomberg.com)
2025-8-15 AI

Sources: Lambda is in talks for a funding round that could value the cloud services company between $4B and $5B ahead of a potential IPO by the end of 2025 (www.bloomberg.com)
2025-8-15 IPO

Sources: the Trump administration is in talks with Intel to have the US government potentially take a stake in the company; INTC jumps 6%+ after hours (www.bloomberg.com)
2025-8-15 Trump Intel

Ex-Twitter CEO Parag Agrawal launches Parallel Web Systems to build infrastructure for AI agents to search the web, raising $30M from Khosla Ventures and others (www.bloomberg.com)
2025-8-15 AI Twitter

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