Articles from www.bloomberg.com

Articles from www.bloomberg.com

The US announces a new 34% “reciprocal” tariff rate on almost all products imported from China, going into effect from April 9, 2025 (www.bloomberg.com)
2025-4-3 China

The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces (www.bloomberg.com)
2025-4-3 China Hong Kong

Source: Scale AI generated ~$870M in revenue in 2024, with its annualized run rate reaching $1.5B by the end of the year, and expects $2B in revenue in 2025 (www.bloomberg.com)
2025-4-3 AI

Siemens agrees to acquire Boston-based R&D scientific software company Dotmatics from Insight Partners for $5.1B, in a deal expected to close in H1 2026 (www.bloomberg.com)
2025-4-3 Siemens

Patreon says it now has 6.7M paid podcast subscriptions, generating $472M+ in 2024 revenue, up 35% YoY, and signs podcasting deals with Sony Music and Wondery (www.bloomberg.com)
2025-4-3 Sony

Indian investment bank The Rainmaker Group says 36+ Indian tech startups like Flipkart and PhonePe with a combined $100B valuation are set to go public by 2027 (www.bloomberg.com)
2025-4-2 India Startup

Qualcomm says it is weighing an acquisition offer for Alphawave, which has a market cap of ~$1.3B and makes high-speed semiconductor and connectivity technology (www.bloomberg.com)
2025-4-2

Sources: AI coding startup Replit is in talks with investors to raise about $200M at a $3B valuation, almost triple its last valuation (www.bloomberg.com)
2025-4-2 Startup AI

Sources: Finland-based IQM, which builds full-stack superconducting quantum computers, is in talks to raise more than €200M; it raised a €128M Series A2 in 2022 (www.bloomberg.com)
2025-4-2 Finland Quantum

Sources: Meta is ramping up work on its first AR glasses with a display, which could be introduced as early as the end of 2025 and cost between $1K and $1,400 (www.bloomberg.com)
2025-4-2 AR

Meta VP of AI Research Joelle Pineau says she plans to leave in May 2025 after nearly eight years; she has led the FAIR group since early 2023 (www.bloomberg.com)
2025-4-2 AI

Ahead of the Switch 2, Nintendo is branching out to use its characters in cinema, theme parks, and merch in a Disney-like way to create more consistent revenue (www.bloomberg.com)
2025-4-1 Nintendo

Samsung says TM Roh, who oversees mobile, will temporarily step into a broader role overseeing its consumer electronics, after the death of co-CEO Han Jong-Hee (www.bloomberg.com)
2025-4-1 Mobile Samsung

With Switch 2, Nintendo must do what it has rarely done before: follow one hit console with another; Nintendo has sold 150M+ Switch units since launch in 2017 (www.bloomberg.com)
2025-4-1 Nintendo

Tinder unveils “The Game Game”, a free in-app voice-based game that invites users to flirt with AI chatbots powered by OpenAI's GPT-4o and GPT-4o mini models (www.bloomberg.com)
2025-4-1 AI chatbot

Sources: SoftBank is seeking a bridge loan of as much as $16.5B to help fund AI investments in the US; the loan may help SoftBank lead a $40B round in OpenAI (www.bloomberg.com)
2025-4-1 AI

Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects (www.bloomberg.com)
2025-4-1

Coinbase's stock fell 31% in Q1 2025, its worst quarterly performance since FTX collapsed in 2022; nearly every major crypto-linked stock plunged alongside it (www.bloomberg.com)
2025-4-1 Coinbase

Builder.ai dropped H2 2024 revenue estimates by ~25% after some sales channels “did not come through” and says a full audit report is expected by summer 2025 (www.bloomberg.com)
2025-4-1 AI

At the Intel Vision conference, CEO Lip-Bu Tan says Intel plans to spin off non-core assets, create new products including custom semiconductors, and more (www.bloomberg.com)
2025-4-1 Intel Asset

Source: SoftBank will invest an initial $7.5B in OpenAI's $40B round, plus $22.5B by 2025's end; other backers include Microsoft, Coatue, Altimeter, and Thrive (www.bloomberg.com)
2025-4-1 Microsoft

Trump signs an EO to establish an office within the Commerce Department to facilitate investments above $1B in the US and administer funds from the CHIPS Act (www.bloomberg.com)
2025-4-1 Trump

Sources: Sesame, which makes realistic AI voice assistants, is in talks to raise $200M+ co-led by Sequoia Capital and Spark Capital, valuing the company at $1B+ (www.bloomberg.com)
2025-4-1 AI

How JioHotstar became India's most popular streamer, with 100M subscribers paying less than $1/month on average, via a freemium model, micro dramas, and more (www.bloomberg.com)
2025-4-1 India

Cerebras says it has resolved “all open issues” with the CFIUS, as it prepares for an IPO; the AI startup filed a notice about its ties to Abu Dhabi's G42 (www.bloomberg.com)
2025-4-1 IPO Startup AI

Nokia and Amazon settle a long-running, global patent dispute over Amazon using Nokia's video tech in Prime Video and its devices, without disclosing the terms (www.bloomberg.com)
2025-3-31 Amazon Nokia

France's antitrust regulator fines Apple €150M after a lengthy investigation into how iOS asks to collect user data under ATT and the impact on advertisers (www.bloomberg.com)
2025-3-31 IOS France Apple

Chinese startup Manus, whose AI agent service is still in the beta testing phase, announces a $39/month Manus Starter plan and an upgraded $199/month Pro tier (www.bloomberg.com)
2025-3-31 China Startup AI

Japan earmarks up to ~$5.4B in additional aid for chipmaker Rapidus, which aims to begin mass production of 2nm chips in 2027, a highly ambitious target (www.bloomberg.com)
2025-3-31 Japan

South Korea-based Wrtn, a free-to-use AI platform with 5M+ users aggregating LLMs like GPT-4, Stable Diffusion 3, and Claude 3, raised a ~$56M extension round (www.bloomberg.com)
2025-3-31 Korea AI

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