Articles from www.bloomberg.com

Articles from www.bloomberg.com

DeepSeek completes a “minor trial upgrade” to R1 and says users can now start testing it, according to its post in an official WeChat group (www.bloomberg.com)
2025-5-28 WeChat

A look at Sea-Lion, a $52M Singapore government-backed AI initiative developing LLMs attuned to the societal and cultural nuances of the Southeast Asian region (www.bloomberg.com)
2025-5-28 AI Singapore Southeast Asia

A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY (www.bloomberg.com)
2025-5-28

Circle aims to raise up to $624M in its US IPO, offering 24M shares at $24-$26 each, valuing it at ~$5.65B, or ~$6.7B fully diluted, at the top of the range (www.bloomberg.com)
2025-5-28 IPO

Sources: Apple plans a dedicated app for video games to replace Game Center and come preinstalled on iPhone, iPad, Mac, and Apple TV devices later this year (www.bloomberg.com)
2025-5-28 iPhone Apple iPad

Texas enacts an online child-safety bill requiring app stores verify users' ages and secure parental approval before minors can get most apps or make IAPs (www.bloomberg.com)
2025-5-28 Texas

A Qualcomm-funded report says Android phones with Qualcomm modems priced similarly to the iPhone 16e with a C1 modem downloaded 5G data up to 35% faster in NYC (www.bloomberg.com)
2025-5-28 Android iPhone 5G

Trump Media & Technology Group plans to sell ~$1.5B in stock and $1B in 0% convertible notes to buy bitcoin for its treasury, following Strategy's model (www.bloomberg.com)
2025-5-28 Trump Bitcoin

Salesforce agrees to acquire cloud data management company Informatica for ~$8B, set to close in its FY 2027, one year after an earlier deal fell through (www.bloomberg.com)
2025-5-27 Salesforce

Temu-owner PDD reports Q1 revenue up 10% YoY to ~$13.3B, below ~$14.4B est., and says it is fulfilling US orders exclusively via local warehouses and merchants (www.bloomberg.com)
2025-5-27

Xiaomi reports Q1 revenue up ~50% YoY to ~$15.5B, above ~$15.17B est., as it invests heavily in autonomous EVs and growing its smartphone business (www.bloomberg.com)
2025-5-27 Xiaomi

Taiwan is ramping up its defense drone push with help from startups like Coretronic, as giants like TSMC and Foxconn hold back due to a smaller local market (www.bloomberg.com)
2025-5-27 Taiwan Startup Drone

Sources, including 30+ current and former Meta employees and 10+ US officials, detail Mark Zuckerberg's embrace of Trump, which has yet to pay major dividends (www.bloomberg.com)
2025-5-27 Trump Zuckerberg

A look at the UAE's Mohamed bin Zayed University of AI, which aims to supply talent to Emirati companies, incubate startups, and serve as the UAE's AI R&D arm (www.bloomberg.com)
2025-5-27 Startup AI

OpenAI sets up a legal entity in South Korea and plans a Seoul office, its third in Asia, and says the country has the most paying ChatGPT users outside the US (www.bloomberg.com)
2025-5-26 Korea Asia

Tools like Microsoft Copilot are helping execs, managers, and staff quickly catch up on work after a vacation by triaging emails and summarizing Slack threads (www.bloomberg.com)
2025-5-26 Microsoft Slack

Source: the main topic at WWDC will be a redesigned software interface, dubbed Solarium, for all of Apple's operating systems, including tvOS and watchOS (www.bloomberg.com)
2025-5-26 Apple

Elon Musk says he needs to be “super focused on X/xAI and Tesla”, saying major operational improvements need to be made “as evidenced by the X uptime issues” (www.bloomberg.com)
2025-5-25 Tesla Elon Musk

A US judge vacates Avraham Eisenberg's convictions for fraud and manipulation related to a $110M theft on Mango Markets in 2022 due to insufficient evidence (www.bloomberg.com)
2025-5-24

CB Insights: OpenAI's acquisition of Jony Ive's io for $6.5B sets a new record for venture-backed acquisition by a private buyer (www.bloomberg.com)
2025-5-24

Sources: Salesforce is in talks to acquire cloud data management company Informatica, reviving discussions that stalled in 2024; INFA closes up 17.45% (www.bloomberg.com)
2025-5-24 Salesforce

Sources: CommScope is exploring a sale of its broadband connectivity and cable arm CCS for up to $10B, seeking to unload assets to repay debt (www.bloomberg.com)
2025-5-24 Asset

President Trump says that the tariffs he has threatened against Apple would also be aimed at “Samsung and anybody that makes that product” (www.bloomberg.com)
2025-5-24 Trump Samsung Apple

Vietnam orders ISPs to block Telegram over its failure to prevent illegal content and activities, including fraud, drug sales and suspected terrorism on the app (www.bloomberg.com)
2025-5-23 Terrorism Vietnam

PitchBook: emerging managers in VC, defined as those with three or fewer funds, raised $17B in the US in 2024, down from $64B in 2021, and $4.7B so far in 2025 (www.bloomberg.com)
2025-5-23

Leaked memo: YouTube hired longtime Disney executive Justin Connolly to serve as its global head of media and sports, a newly created position (www.bloomberg.com)
2025-5-23 YouTube

Sources: Apple aims to release smart glasses at the end of 2026 as part of a push into AI devices, but has shelved plans for an Apple Watch with a camera (www.bloomberg.com)
2025-5-23 AI Apple

Tinder CEO Faye Iosotaluno will step down in July after less than two years in the role; Match Group CEO Spencer Rascoff will lead Tinder temporarily (www.bloomberg.com)
2025-5-23

Sources: the US DOJ recently told Google it is examining whether Google structured an agreement with Character.AI to avoid formal government merger scrutiny (www.bloomberg.com)
2025-5-23 Google AI

Xiaomi CEO Lei Jun unveils the Xring O1, a Xiaomi-made 3nm chip that will power three devices, including the Tablet 7 Ultra, in a bid to compete with Apple (www.bloomberg.com)
2025-5-22 Apple Xiaomi

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