Articles from www.bloomberg.com

Articles from www.bloomberg.com

Corporate spending management platform Ramp raised $750M at a $44B valuation led by Iconiq, Singapore's GIC, and the OTPP, taking its total funding to $3B (www.bloomberg.com)
2026-6-4 Singapore

Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65% YoY (www.bloomberg.com)
2026-6-4

TSMC CEO C.C. Wei says the company won't be able to fulfill demand led by US customers even as more capacity comes online in the US over the next few years (www.bloomberg.com)
2026-6-4

CoinGecko: Hyperliquid-linked HYPE token is up ~180% YTD, lifting its market value above $16B and pushing it into the top 10 digital assets by market cap (www.bloomberg.com)
2026-6-4 Asset

Sources: OnePay, a fintech app backed by Walmart and valued at $4B+, has 6M MAUs and $50B in annualized payments, double the figures from the previous year (www.bloomberg.com)
2026-6-4 Fintech Walmart

Current and former employees detail Amazon's e-commerce struggles in India, where local rivals have challenged the company more than anywhere outside of China (www.bloomberg.com)
2026-6-4 China India Amazon

Liftoff Mobile raised $437M in its US IPO, selling 19M shares for $23 each, above its marketed range of $20 to $22, valuing the company at $3.83B (www.bloomberg.com)
2026-6-4 IPO Mobile

Quantinuum raised $1.68B in an upsized US IPO, selling 28M shares for $60 each, above its marketed range of $53 to $55, valuing the company at $15.6B (www.bloomberg.com)
2026-6-4 IPO

Sources: Lila Sciences, which uses AI tools to speed up the rate of scientific discovery, is in talks to raise a $2B Series B at an expected valuation of ~$8.5B (www.bloomberg.com)
2026-6-4 AI

Filing: SpaceX aims to raise $75B in its IPO, selling 555.6M shares at $135 each, which would value the company at ~$1.77T (www.bloomberg.com)
2026-6-4 IPO SpaceX

In a report, UK lawmakers call on the government to end a £330M NHS deal with Palantir and disclose more details of a military contract with the company (www.bloomberg.com)
2026-6-4

Analysis: 10 Trump officials, including special envoy Steve Witkoff, reported holding stakes in SpaceX or xAI collectively worth $9.9M+, ahead of SpaceX's IPO (www.bloomberg.com)
2026-6-3 Trump IPO SpaceX

The EU's Cloud and AI Development Act aims to triple data center capacity in the next 5-7 years, and introduce the Chips Act 2.0 to allow direct EU investment (www.bloomberg.com)
2026-6-3 AI

How Revolut founder Nikolay Storonsky's Elon Musk-style pay incentives pushed his fortune to ~$20.4B, making him the UK's richest person, ahead of a planned IPO (www.bloomberg.com)
2026-6-3 IPO Elon Musk

AI music startup Suno raised $400M led by Bond at a $5.4B valuation, up from $2.45B after raising $250M in November 2025, and passed 2M subscribers in February (www.bloomberg.com)
2026-6-3 Startup AI

The EU General Court annuls the EU's designation of Meta's Marketplace as a DMA gatekeeper, citing partial evidence, but upholds the designation for Messenger (www.bloomberg.com)
2026-6-3

How India's ambitions to build and export a sovereign AI template are colliding with structural constraints, including a dependence on foreign AI infrastructure (www.bloomberg.com)
2026-6-3 India AI

Bitcoin fell as much as 7% over 24 hours to below $67K on Tuesday for the first time since April, following Strategy's first BTC sale since 2022; MSTR fell 9% (www.bloomberg.com)
2026-6-3 Bitcoin

Sources: a Broadcom-backed portion of Apollo and Blackstone's $36B debt deal to buy TPUs for Anthropic to lease may yield ~5.75% vs. 8%-9% for a riskier portion (www.bloomberg.com)
2026-6-3

Source: a CoreWeave-tied data center raised $900M via five-year junk bonds, priced at par to yield 7.5%, as the sector increasingly turns to high-yield bonds (www.bloomberg.com)
2026-6-3

Uber says it has limited all employees to $1,500 in monthly token spending per AI coding tool “to responsibly encourage agentic AI adoption” (www.bloomberg.com)
2026-6-3 Uber AI

Sources: the EU's €20B investment plan for five AI data centers is floundering, with delays and funding issues alienating some potential partners (www.bloomberg.com)
2026-6-3 AI

OpenAI unveils new Codex plugins for tasks related to public equity investment, banking and sales, and other roles, and plans to integrate Codex into ChatGPT (www.bloomberg.com)
2026-6-3 Equity

Internal post: Guy Rosen, Meta's chief information security officer who previously oversaw Meta's election integrity work, is departing in the coming months (www.bloomberg.com)
2026-6-3

Analysis: Palo Alto Networks shareholders have voted to reject pay packages for top executives seven times since 2015, more than any other S&P 500 company (www.bloomberg.com)
2026-6-2

Didi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its Q4 loss, as it expands globally in markets like Latin America (www.bloomberg.com)
2026-6-2 U.S. 4Q Latin America

Russia's Federal Security Service claims it uncovered a large-scale spyware operation by “foreign intelligence operatives” on senior officials' mobile phones (www.bloomberg.com)
2026-6-2 Russia Mobile Intelligence

SK Hynix Chair Chey Tae-won says the company plans to double its memory chip capacity over the next five years, responding to a shortage that could last to 2030 (www.bloomberg.com)
2026-6-2

China adds data and algorithms to its trade secret rules, as part of Beijing's efforts to prevent tech leaks amid intensifying strategic competition with the US (www.bloomberg.com)
2026-6-2 China Algorithm

A profile of Valve, which PrivCo estimates generated $5.2B in revenue and $1.5B in net income in 2025, as lawsuits allege its Steam store abuses market power (www.bloomberg.com)
2026-6-2

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