Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips (www.bloomberg.com)
4 days ago AI

Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available (www.bloomberg.com)
4 days ago IPO

Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital (www.bloomberg.com)
4 days ago Google AI

Akamai says it struck a seven-year cloud computing deal with a “leading frontier model provider”; sources: the deal was with Anthropic and is worth $1.8B (www.bloomberg.com)
4 days ago

Interviews with Intel CEO Lip-Bu Tan and other execs about the challenges of a turnaround, along with efforts to instill a sense of urgency in the organization (www.bloomberg.com)
4 days ago Intel

OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B (www.bloomberg.com)
4 days ago

Sources: Apple plans to let iOS 27, iPadOS 27, and macOS 27 users choose from third-party AI models to perform tasks like generating and editing text and images (www.bloomberg.com)
4 days ago IOS AI Apple

Filing: Lime files for an IPO, reporting 2025 revenue of $886.7M, up from $686.6M YoY, and a net loss of $59.3M, up from $33.9M; it was valued at $510M in 2020 (www.bloomberg.com)
4 days ago IPO

Sony and TSMC announce a new JV to build next-gen image sensors for robots and cars, as Sony moves from in-house manufacturing to a more asset-light approach (www.bloomberg.com)
4 days ago Robot Manufacturing Sony Asset

Sources: the US suspects OBON, a key company behind Thailand's national AI effort, of smuggling Super Micro servers with export-controlled Nvidia chips to China (www.bloomberg.com)
4 days ago China Thailand AI Nvidia

Nintendo said it would increase the price of the Switch 2 to $500, up from $450, globally from September 1, and offered a downbeat performance outlook for 2026 (www.bloomberg.com)
4 days ago Nintendo

Filings: Baidu's AI chip unit Kunlunxin is planning a dual IPO on Shanghai's STAR Board and in Hong Kong; Baidu holds a 58% stake in Kunlunxin (www.bloomberg.com)
4 days ago Hong Kong IPO AI Shanghai

A US judge blocks DOGE's termination of $100M in National Endowment for the Humanities grants, saying ChatGPT prompts used to decide the cuts were ill-defined (www.bloomberg.com)
5 days ago

MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours (www.bloomberg.com)
5 days ago

Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours (www.bloomberg.com)
5 days ago

Cloudflare reports Q1 revenue up 34% YoY to $639.8M, plans to cut 1,100+ jobs as it shifts to an “agentic AI-first operating model”; NET drops 13%+ after hours (www.bloomberg.com)
5 days ago AI

Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video (www.bloomberg.com)
5 days ago

Filing: OnlyFans owner Leonid Radvinsky's wife assumed significant control of OnlyFans holding company Fenix in March following the death of Radvinsky (www.bloomberg.com)
5 days ago

Cologne-based AI translation startup DeepL plans to cut ~25% of its workforce, or ~250 staff, saying adapting to AI “means fewer layers” and “faster decisions” (www.bloomberg.com)
5 days ago Startup AI

Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for $600M, and issues stock at a $20B valuation (www.bloomberg.com)
5 days ago Hong Kong Asset

UK-based Quantum Motion, which builds quantum computers on silicon chips, raised a $160M Series C; EU-backed growth fund Kembara made its first investment (www.bloomberg.com)
5 days ago Quantum

Specialist chipmaker Silex raised ~$220M in a Stockholm IPO and jumps nearly 160% in trading, the strongest open for a sizable European IPO in almost five years (www.bloomberg.com)
5 days ago Europe IPO

The Pentagon's mishandled blacklisting of Alibaba and Baidu in February shows how the Trump administration is often at odds with itself on how to approach China (www.bloomberg.com)
5 days ago Trump China Alibaba Pentagon

Analysis: South Korea's equity market overtakes Canada's as the world's seventh largest, driven by Samsung and SK Hynix, whose stocks have more than doubled YTD (www.bloomberg.com)
5 days ago Korea Samsung Canada Equity

Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~$2B at a $20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped $200M in April 2026 (www.bloomberg.com)
5 days ago China Startup AI chatbot

Scale AI wins a $500M DOD contract through the Chief Digital and AI Office to help sift data and assist in decision-making, after receiving a $100M deal in 2025 (www.bloomberg.com)
6 days ago AI

Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom (www.bloomberg.com)
6 days ago Microsoft Energy Renewable

Google DeepMind takes a minority stake in the maker of Eve Online, a multiplayer role playing game set in outer space, and plans to train its tech on the game (www.bloomberg.com)
6 days ago Google

Morgan Stanley rolls out a crypto trading pilot on E*Trade, charging clients lower prices than Coinbase and Robinhood, ahead of a wider launch later in 2026 (www.bloomberg.com)
6 days ago Morgan Stanley Coinbase

Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid the Iran war; Saudi VC firms are pressing ahead with fundraising (www.bloomberg.com)
6 days ago Startup Iran Africa

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