Articles from www.bloomberg.com

Articles from www.bloomberg.com

A book excerpt from AI Valley details the 2024 mass defection of staff at Inflection AI, which seemed to be thriving but faced scaling challenges, to Microsoft (www.bloomberg.com)
2025-3-21 Microsoft AI

European Central Bank Chief Economist Philip Lane says Europe needs a digital euro to avoid rising stablecoin risks and reduce reliance on US payment firms (www.bloomberg.com)
2025-3-21 Europe

A look at Chinese AI startup Manycore, which develops spatial design software, has filed for a Hong Kong IPO, and reported a $58.3M loss from Q1 to Q3 2024 (www.bloomberg.com)
2025-3-21 China Hong Kong IPO Startup AI

Argentina-based neobank Ualá raised an additional $66M for its Series E, after an initial raise of $300M led by Allianz X at a $2.75B valuation in November 2024 (www.bloomberg.com)
2025-3-21

Source: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz (www.bloomberg.com)
2025-3-21 Alphabet

Source: Perplexity has discussed raising as much as $500M to $1B in a new round that would double its valuation to $18B; its current ARR is nearly $100M (www.bloomberg.com)
2025-3-21

Sources: Tim Cook lost faith in Apple AI head John Giannandrea to execute on product development and drafted in Vision Pro creator Mike Rockwell to oversee Siri (www.bloomberg.com)
2025-3-21 AI Apple Tim Cook

Temu-owner PDD reports Q4 revenue up 24% YoY to ~$15.3B, below est., and net income up 18% YoY to ~$3.8B, after intensifying domestic competition and US tariffs (www.bloomberg.com)
2025-3-20 4Q

How Nvidia, SK Hynix, TSMC, and ASML, with a combined $4T+ market cap, dominate the AI supply chain, each having an 80% to 100% market share in their fields (www.bloomberg.com)
2025-3-20 AI Nvidia

Huawei unveils the 6.3" Pura X, which folds to a square clamshell with a 3.5" display, its first flagship running HarmonyOS 5, launching in China for ~$1,036 (www.bloomberg.com)
2025-3-20 China

US schools spending billions on laptops, an idea supported by technologists and computer makers, has led to students' worsening social skills and test scores (www.bloomberg.com)
2025-3-20

A profile of Skydio, the US' largest drone maker, after its first batch of drones proved disappointing in Ukraine and it competes with Chinese makers like DJI (www.bloomberg.com)
2025-3-20 China Drone Ukraine

Bakkt names ex-SoftBank rainmaker Akshay Naheta as co-CEO to help turn around the struggling US crypto trading and custody platform; BKKT is down 62%+ in 2025 (www.bloomberg.com)
2025-3-20

Crypto-friendly stablecoin legislation is poised to pass the US Senate with support from some pro-crypto Democratic Senators, including Kirsten Gillibrand (www.bloomberg.com)
2025-3-20 Senate

Early-stage VC Long Journey Ventures, co-led by Cyan Banister, Arielle Zuckerberg, and Lee Jacobs, debuts with a ~$181.818M fund after five years in stealth (www.bloomberg.com)
2025-3-20 Zuckerberg

SoftBank agrees to acquire Ampere Computing for $6.5B in cash, with Oracle and Carlyle selling their stakes as part of the deal, expected to close in H2 2025 (www.bloomberg.com)
2025-3-20 Oracle

Sources: X has raised close to $1B in new equity in a deal that values the company at roughly $32B; Musk also participated in the raise (www.bloomberg.com)
2025-3-20 Equity

Trump's 20% tariffs on China, and a potential 25% tariffs on Mexico, the US' two biggest computer equipment import sources, may pile costs on US data centers (www.bloomberg.com)
2025-3-20 Trump China Mexico

How Trump closing CBP One, an app launched in 2020 to let immigrants schedule CBP asylum appointments, is a gift to Mexican cartels' smuggling operations (www.bloomberg.com)
2025-3-19 Trump Mexico Immigration

US sanctions, export controls, and tariff threats are driving TSMC's Taiwan peers, including Foxconn, server maker Wiwynn, and Quanta, to expand US production (www.bloomberg.com)
2025-3-19 Taiwan

Community Notes, on X and now rolling out on Meta's services, fall short of stopping misinformation; removing rewards for posting misinformation would help more (www.bloomberg.com)
2025-3-19

Sources: Sequoia's ~10% stake in Wiz would net the firm ~$3B from Wiz's sale to Alphabet, a 25-fold return; Greenoaks would secure ~$2B on its ~$300M investment (www.bloomberg.com)
2025-3-19 Alphabet

Crusoe: Stargate's first data center complex, in Abilene, TX, will finish in mid-2026 and have eight buildings, each designed for up to 50K Nvidia GB200 chips (www.bloomberg.com)
2025-3-19 Nvidia

Source: Elon Musk invested $150M to acquire more X shares in 2024 at a valuation close to his 2022 purchase price and “expressed willingness” to buy more shares (www.bloomberg.com)
2025-3-19 Elon Musk

Sources: Oracle is weighing a TikTok proposal that would have it provide security assurances and take a small stake while leaving the algorithm in Chinese hands (www.bloomberg.com)
2025-3-19 China Oracle Algorithm

Google says Wiz will join Google Cloud and Wiz's products will continue to work “across all major clouds”, including AWS, Microsoft Azure, and Oracle Cloud (www.bloomberg.com)
2025-3-19 Google Microsoft Oracle

Tencent releases five AI tools to turn text or images into 3D visuals and graphics, based on Hunyuan3D-2.0, and plans to integrate DeepSeek's R1 into WeChat (www.bloomberg.com)
2025-3-18 AI WeChat Tencent

Chicago-based Nerdio, which helps manage remote workers, raised $500M led by General Atlantic at a $1.2B valuation, sources say up from $300M in December 2022 (www.bloomberg.com)
2025-3-18

Sources: Cognition, maker of AI coding assistant Devin, raised hundreds of millions led by 8VC at a ~$4B valuation, doubling its $2B valuation from April 2024 (www.bloomberg.com)
2025-3-18 AI

Amazon devices chief Panos Panay aims to unveil the first products he has overseen in the fall, talks of new premium devices, hints at wearables like AR glasses (www.bloomberg.com)
2025-3-18 Amazon AR

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