Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
6 days ago 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)
6 days ago 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)
6 days ago

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)
6 days ago

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

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)
6 days ago 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)
6 days ago 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)
6 days ago 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)
7 days ago 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)
7 days ago 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)
7 days ago AI Twitter

Shopify CEO Tobi Lutke, Tyler and Cameron Winklevoss, and 80+ fintech and crypto CEOs urge Trump to block US banks from charging fees to access customer data (www.bloomberg.com)
7 days ago Trump Fintech Shopify

Fitness band maker Whoop says it will not disable its blood pressure tracking tool after a request from the US FDA in July and requests meeting with the agency (www.bloomberg.com)
7 days ago

Milan-based Bending Spoons raised €500M+ in debt led by JPMorgan Chase to buy more software businesses; the company raised $155M at a $2.6B valuation in 2024 (www.bloomberg.com)
7 days ago JPMorgan

JD.com reports Q2 revenue up 22% YoY to $49.7B, above $46.8B est., and net income down 50% YoY to ~$846M, benefiting from government-directed consumer subsidies (www.bloomberg.com)
7 days ago

Adyen reports H1 2025 net revenue up 20% YoY to €1.09B, vs. €1.11B est., processed volume up 5% YoY to €649B, and EBITDA up 28% YoY to €543.7M; ADYEN falls 17%+ (www.bloomberg.com)
7 days ago

Klarna, which is planning a potential NY IPO as soon as September, is focusing on its banking push to boost revenue while shedding its image as a BNPL phenom (www.bloomberg.com)
7 days ago IPO

Carlyle agrees to sell Amsterdam-based HSO, a Microsoft solutions integrator that serves 1,400 clients worldwide, to Bain Capital, sources say for $1B (www.bloomberg.com)
8 days ago Microsoft

TTP analysis: Google used an internal reorganization to reduce the amount it reported on US lobbying spending, likely by millions; Google disputes the claims (www.bloomberg.com)
8 days ago Google

Sources: Apple is plotting its AI comeback with robots, a lifelike version of Siri, a smart speaker with a display, and home security cameras (www.bloomberg.com)
8 days ago AI Apple Robot

Bullish shares jump 143% to $90 in the company's NYSE debut, up from the IPO price of $37; sources say the IPO was more than 20 times oversubscribed (www.bloomberg.com)
8 days ago IPO

Chinese chip equipment supplier E-Town sues Applied Materials in the Beijing IP Court over alleged trade secret theft; Applied Materials hired two E-Town staff (www.bloomberg.com)
8 days ago China

Amazon says it now offers same-day grocery delivery in 1,000+ cities and plans to bring it to 2,300+ more by the end of 2025; Prime subscribers get it free (www.bloomberg.com)
8 days ago Amazon

Crypto exchange Bullish raised $1.1B in its IPO, selling 30M shares at $37 per share, above its $32 to $33 marketed range, implying a $5.4B valuation (www.bloomberg.com)
8 days ago IPO

Ukrainians are adapting critical yet fragile SpaceX equipment to withstand Russia's assault, spawning a cottage industry of backstreet workshops and technicians (www.bloomberg.com)
8 days ago Russia Ukraine SpaceX

Pony AI says it rolled out 200+ Gen-7 Robotaxis since mass production started two months ago, putting it on track for its 1,000-vehicle goal by the end of 2025 (www.bloomberg.com)
8 days ago AI

A US federal judge rules Elon Musk must face OpenAI's claims that his legal and media attacks are a “years-long harassment campaign” and sets a March 2026 trial (www.bloomberg.com)
8 days ago Elon Musk

Fractal Analytics, which became India's first AI unicorn in 2022, files for an IPO in Mumbai, aiming to raise ~$560M and valuing the company at $3.5B+ (www.bloomberg.com)
8 days ago India IPO AI

Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims that it built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars (www.bloomberg.com)
9 days ago Startup AI chatbot Malaysia Islam

Fractal Analytics, which became India's first AI unicorn in 2022, files for an IPO in Mumbai to raise about $560M, and could value the company at over $3.5B (www.bloomberg.com)
9 days ago India IPO AI

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