Articles from www.bloomberg.com

Articles from www.bloomberg.com

Data center real estate investment trust Fermi, co-founded by former US Energy Secretary Rick Perry, closed up 55% in its Nasdaq debut, valuing Fermi at ~$19.3B (www.bloomberg.com)
2025-10-2 Energy

Sources: Apple has shelved a cheaper, lighter Vision Pro variant planned for 2027 to focus on smart glasses, one to pair with iPhone and another with a display (www.bloomberg.com)
2025-10-1 iPhone Apple

Stockholm-based driverless truck startup Einride raised about $100M, a source says at a $1B+ valuation, up from a valuation of €400M in a 2021 funding round (www.bloomberg.com)
2025-10-1 Startup

Sources: European prosecutors are investigating Northern Data for allegedly claiming a tax break on approximately €500M worth of GPUs it used for crypto mining (www.bloomberg.com)
2025-10-1 Europe Tax

Memo: Microsoft CEO Satya Nadella is handing off some of his business responsibilities to Judson Althoff, who will become CEO of Microsoft's commercial business (www.bloomberg.com)
2025-10-1 Microsoft

Amazon unveils Amazon Grocery, a new private-label brand that offers 1,000+ grocery items largely priced below $5, available online and at Amazon Fresh stores (www.bloomberg.com)
2025-10-1 Amazon

Google unveils new Home products: $99 Google Home Speaker, set for spring 2026, third-gen $100 Nest Cam Indoor, second-gen $150 Nest Cam Outdoor, and more (www.bloomberg.com)
2025-10-1 Google

Sam Altman signs a letter of intent with Samsung and SK Hynix to supply Stargate; Samsung and SK Hynix say demand from OpenAI could hit 900K wafers per month (www.bloomberg.com)
2025-10-1 Samsung

SAG-AFTRA criticizes AI-generated actress Tilly Norwood, the subject of a viral UK TV show parody, saying it opposes replacing performers with “synthetics” (www.bloomberg.com)
2025-10-1 AI

Tether CEO Paolo Ardoino says the company plans to distribute its new USAT token on Rumble to capture US market share; Tether holds a 48% stake in Rumble (www.bloomberg.com)
2025-10-1

Apple files a motion to dismiss xAI's lawsuit, which alleges that Apple's ChatGPT integration stifles competition, saying it plans to integrate other chatbots (www.bloomberg.com)
2025-10-1 Apple chatbot

A Delaware court dismissed Arm's last claim against Qualcomm, ruling that Qualcomm and subsidiary Nuvia didn't breach license agreements; Arm plans to appeal (www.bloomberg.com)
2025-10-1

In the US v. Google ad tech trial, Google says it's willing to provide publishers with the data for how its ad server decides what online display ads to show (www.bloomberg.com)
2025-10-1 Google

Interviews with Panos Panay and other Amazon execs about Alexa+, recruiting old Microsoft colleagues, merging hardware and software teams like Apple, more (www.bloomberg.com)
2025-10-1 Amazon Microsoft Apple

Source: Meta is acquiring AI chip startup Rivos, as it seeks to reduce reliance on Nvidia; Rivos was reportedly seeking new funding at a $2B valuation in August (www.bloomberg.com)
2025-10-1 Startup AI Nvidia

Vercel, which offers cloud tools to make web and AI apps, raised $300M led by Accel and Singapore's GIC at a $9.3B valuation and considers a ~$300M tender offer (www.bloomberg.com)
2025-10-1 AI Singapore

Amazon unveils the $220 Echo Studio, its high-end speaker for audiophiles, 8" and 11" Echo Show for $180 and $220, and the $100 Echo Dot Max, all with Alexa+ (www.bloomberg.com)
2025-10-1 Amazon

Amazon's Ring unveils the $200 Outdoor Cam Pro, $250 Spotlight Cam Pro, $280 Floodlight Cam Pro with Retinal Vision, a Search Party tool to find pets, and more (www.bloomberg.com)
2025-10-1 Amazon

Apple-owned Beats announces the $200 Powerbeats Fit, with a redesigned wingtip, IPX4 rating for the case, ANC, and Apple's H1 chip, available October 2 (www.bloomberg.com)
2025-10-1 Apple

Analysis: US wholesale electricity now costs as much as 267% more for a single month than it did in 2020 in areas located near significant data center activity (www.bloomberg.com)
2025-9-30

DoorDash unveils delivery robot Dot, standing 4-foot, 6-inches tall and able to carry up to 30lb of cargo at up to 20mph, and a smart scale for restaurants (www.bloomberg.com)
2025-9-30 Robot

Adobe launches its Premiere video editing software on iPhone for the first time; general editing is free, but Adobe charges for credits to generate AI content (www.bloomberg.com)
2025-9-30 iPhone AI Adobe

CoreWeave CEO Michael Intrator says the company signed a deal to supply Meta with up to $14.2B worth of computing power, including access to Nvidia GB300 chips (www.bloomberg.com)
2025-9-30 Nvidia

Eve, an AI assistant for plaintiff lawyers, raised $103M led by Spark, with a16z, Lightspeed, and Menlo participating, at a $1B valuation and has 450+ clients (www.bloomberg.com)
2025-9-30 AI

Unit 42: suspected Chinese hackers, known as Phantom Taurus, have breached foreign ministers' email servers as part of a years-long effort targeting diplomats (www.bloomberg.com)
2025-9-30 China

Education software maker Anthology files for bankruptcy, listing $1B to $10B in both assets and liabilities after its Blackboard merger debt became unmanageable (www.bloomberg.com)
2025-9-30 Education Asset

Analysis: wholesale electricity now costs as much as 267% more for a single month than it did in 2020 in US areas located near significant data center activity (www.bloomberg.com)
2025-9-30

South Korean AI chip maker Rebellions raised a $250M Series C at a $1.4B valuation; Arm joined the round as a strategic partner (www.bloomberg.com)
2025-9-30 Korea AI

Sources: Saudi Arabia's PIF is the largest contributor to the $36B in equity used to finance the EA deal; it will roll over its $5B EA stake into the new entity (www.bloomberg.com)
2025-9-30 Arabia Equity Saudi Arabia

Automated financial advisor startup Wealthfront files publicly for an IPO and reports net income of $60.7M on revenue of $175.6M in H1 2025 (www.bloomberg.com)
2025-9-30 IPO Startup

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