Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: OpenAI, Google, and Anthropic are seeing diminishing returns from costly efforts to build new AI models; a new Gemini model is missing internal targets (www.bloomberg.com)
2024-11-14 Google AI

Greg Brockman returns to OpenAI after taking a leave from his role as president in August 2024; a memo says he is working with Sam Altman on creating a new role (www.bloomberg.com)
2024-11-14

In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more (www.bloomberg.com)
2024-11-14 China U.S. AI

An interview with Microsoft Gaming CEO Phil Spencer, who says he won't rule out any Xbox exclusive coming to PlayStation, discusses potential M&A, and more (www.bloomberg.com)
2024-11-14 Microsoft Interview Xbox

Super Micro delays another filing as it searches for a new accounting firm, saying it can't file its 10-Q for Q3 2024, after failing to file its annual 10-K (www.bloomberg.com)
2024-11-14

How gambling apps are ravaging Brazil in the wake of legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors (www.bloomberg.com)
2024-11-14 Brazil

Amazon recently told staff with disabilities that it was adding a more rigorous vetting process to approve working from home, as it moves to five days per week (www.bloomberg.com)
2024-11-13 Amazon

Sources: OpenAI, Google, and Anthropic are all seeing diminishing returns from costly efforts to build new AI models; a new Gemini model misses internal targets (www.bloomberg.com)
2024-11-13 Google AI

How Roger Ver, known as “Bitcoin Jesus”, is fighting the IRS, which says he owes $48M+ after selling $240M in tokens, from Mallorca after his April 2024 arrest (www.bloomberg.com)
2024-11-13 Bitcoin

Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong (www.bloomberg.com)
2024-11-13 Mobile Tencent

PitchBook: Q3 2024 crypto VC funding fell 31.3% YoY to $1.7B and VC deals fell 25.3% YoY to 392, as infrastructure startups continued to draw investors' focus (www.bloomberg.com)
2024-11-13 Startup

Klarna files for a US IPO; analysts put Klarna's implied valuation at ~$14.6B in October 2024 after shareholder Chrysalis upped the value of its stake to $154M (www.bloomberg.com)
2024-11-13 IPO

Prosus says it has made $2B+ on its Swiggy investment and will retain a 25% stake after Swiggy's IPO, which valued the food and grocery delivery firm at ~$11.3B (www.bloomberg.com)
2024-11-13 IPO

Vega, which is developing AltOS, a platform to help alternative asset managers further their distributions, raised a $20M Series A led by Apollo and Motive (www.bloomberg.com)
2024-11-13 Asset

SoftBank's telecom unit plans to build an AI supercomputer in Japan using Nvidia's DGX B200 platform, and a follow-up effort featuring the Grace Blackwell chip (www.bloomberg.com)
2024-11-13 Japan AI Nvidia

Greg Brockman returns to OpenAI after taking a leave from his role as president in August; memo: he is working with Sam Altman on creating a new role for him (www.bloomberg.com)
2024-11-13

Instacart reports Q3 revenue up 12% YoY to $852M, vs. $843.6M est., gross transaction value up 11% to $8.3B, and forecasts Q4 adjusted EBITDA below estimates (www.bloomberg.com)
2024-11-13 4Q

Sources: Apple is making a 6" wall-mounted display that can control appliances, do videoconferencing, and use AI to navigate apps, and may unveil it by March (www.bloomberg.com)
2024-11-13 AI Apple

The EU notifies Apple of “potentially prohibited geo-blocking practices” on the App Store and other apps, and says it must align with EU anti-geo-blocking rules (www.bloomberg.com)
2024-11-13 Apple

Shopify reports Q3 revenue up 26% YoY to $2.2B, above $2.12B est., GMV up 24% YoY to $69.7B, projects Q4 revenue growth above est.; SHOP jumps 13%+ pre-market (www.bloomberg.com)
2024-11-12 4Q Shopify

Sea reports Q3 revenue up 31% YoY to $4.3B and a $153.3M net income, above estimates and up from a $144M loss in Q3 2023; SE rises 5%+ pre-market (www.bloomberg.com)
2024-11-12

Alibaba, JD, and Xiaomi report Singles' Day sales numbers they say make the shopping event one of the most productive yet, as China's economy continues to sag (www.bloomberg.com)
2024-11-12 China Alibaba Xiaomi

SoftBank reports Q2 net income of ~$7.7B and a Vision Fund gain of ~$2.42B, driven by strong Indian startup IPOs and valuation gains in Coupang and Didi (www.bloomberg.com)
2024-11-12 India IPO Startup

Filing: a Chinese court agrees to hear a Fortnite-like case against Apple by Bodyreader, a posture correcting app Apple removed in 2020; Bodyreader seeks ~$420K (www.bloomberg.com)
2024-11-12 China Apple

Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of properties, including his yacht, to FTX creditors as part of a November 3 settlement deal (www.bloomberg.com)
2024-11-12

Argentina-based Ualá, which offers financial services to 8M users, raised a $300M Series E led by Allianz X at a $2.75B valuation, up from $2.45B in August 2021 (www.bloomberg.com)
2024-11-12

Sources: the US plans to support a controversial cybercrime treaty at the UN this week despite concerns that it could be misused by authoritarian regimes (www.bloomberg.com)
2024-11-12

11x, which makes AI bots that help salespeople with common tasks, raised $50M led by a16z at a $320M valuation, after raising a $24M Series A in September 2024 (www.bloomberg.com)
2024-11-12 AI

How Swiggy beat Amazon to fast grocery deliveries in India by using an army of gig workers, mini-warehouses, and notable investors, ahead of its November 13 IPO (www.bloomberg.com)
2024-11-11 India Amazon IPO

FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges was fraudulently transferred by Sam Bankman-Fried in a 2021 deal (www.bloomberg.com)
2024-11-11

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