Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of US voting machine maker Clear Ballot, which helps officials check paper ballots via its app, as Elon Musk spreads conspiracy theories about hacking (www.bloomberg.com)
2024-10-30 Elon Musk Conspiracy

UK filings: Stability AI co-founder and ex-CEO Emad Mostaque has given up his controlling shares in the startup; Mostaque owned 75%+, per previous filings (www.bloomberg.com)
2024-10-30 Startup AI

Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card (www.bloomberg.com)
2024-10-30 Coinbase

PlayStation shutters Firewalk, which released shooter game Concord earlier in 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs (www.bloomberg.com)
2024-10-30 Mobile

Circle raises its fees to 0.03%+ per transaction for near-instant USDC redemptions above $2M; CoinGecko: USDC's market circulation is $35B, below USDT's $123B (www.bloomberg.com)
2024-10-30

Trump Media & Technology Group's stock rose 8.8% on Oct. 29, pushing its five-week rally to 324%, adding $7.9B+ in market cap; Trump's stake is now worth ~$6B (www.bloomberg.com)
2024-10-30 Trump

Samsung's stock has dropped 32% from its 2024 peak on July 9, cutting $122B off its market cap, more than any other chipmaker worldwide on AI and foundry woes (www.bloomberg.com)
2024-10-30 Samsung AI

Microsoft says Russian hackers have sent “highly targeted spearphishing emails” to thousands of US officials, defense workers, and others in a phishing campaign (www.bloomberg.com)
2024-10-30 Russia Microsoft

Research: China's industrial policy to make the nation a leader in emerging technologies has largely been a success, despite US efforts to contain the country (www.bloomberg.com)
2024-10-30 China

PayPal reports Q3 net revenue up 6% YoY to $7.9B, below est., total payments volume up 9% YoY to $422.6B, above $421.6B est., and projects Q4 revenue below est. (www.bloomberg.com)
2024-10-30 4Q

Barcelona-based brain-computer interface startup Inbrain, which plans to work with graphene, raised $50M led by Imec.xpand and plans a trial of 10 patients (www.bloomberg.com)
2024-10-29 Startup

Shopify says it has lured hundreds of Salesforce clients, including Mattel and Casper; analysts say Shopify overtook Salesforce's e-commerce business in 2021 (www.bloomberg.com)
2024-10-29 Salesforce Shopify

Sources: Apple's iPhone exports from India reached ~$6B in the six months through September 2024, up 33% YoY, on track to pass $10B by the end of fiscal 2024 (www.bloomberg.com)
2024-10-29 India iPhone Apple

Sources: VC firms are set to make hundreds of millions from Stripe's $1.1B acquisition of Bridge; Sequoia's ~16% stake is worth significantly more than $100M (www.bloomberg.com)
2024-10-29

How GOP figures from Stephen Miller to Elon Musk use lawsuits to silence many groups studying disinfo, like the Stanford Observatory, CCDH, Graphika, NewsGuard (www.bloomberg.com)
2024-10-29 Elon Musk Republican

OpenAI's CFO: ChatGPT has 250M weekly active users, converts free users to paid at a rate of 5% to 6%, and ~75% of OpenAI's revenue is from paying consumers (www.bloomberg.com)
2024-10-29

Armis, which provides risk management tools, raised $200M led by General Catalyst and Alkeon at a $4.2B valuation ahead of a 2026 IPO, and passed $200M in ARR (www.bloomberg.com)
2024-10-29 IPO

A profile of Italian private equity firm Bending Spoons, which bought WeTransfer, Evernote, and other distressed subscription apps, and plans to spend billions (www.bloomberg.com)
2024-10-28 Italy Equity Evernote

A profile of ex-eBay and HP CEO Meg Whitman, who became US ambassador to Kenya in late 2021, as the US seeks to counterbalance Chinese tech influence in Africa (www.bloomberg.com)
2024-10-28 China eBay Africa

Analysis of trade data: Mumbai-based Shreya Life Sciences exported 1,111 of Dell's advanced PowerEdge XE9680 servers, worth $300M+, to Russia in April to August (www.bloomberg.com)
2024-10-28 Russia

Hong Kong outlines an AI policy for finance and proposes an extension of a tax break on owning digital assets, as it seeks to become Asia's go-to financial hub (www.bloomberg.com)
2024-10-28 Hong Kong Tax Asia AI Asset

Indonesia bans the sale of iPhone 16 series, claiming that Apple has not fulfilled 40% local content requirements and has not met its investment commitments (www.bloomberg.com)
2024-10-28 iPhone Apple Indonesia

A closer look at M4 Macs coming this week; sources: Apple's home smart display will have an iMac G3-like base and a square screen the size of about two iPhones (www.bloomberg.com)
2024-10-28 Apple

Q&A with Arm CEO Rene Haas on AI transforming the world much faster than the internet, Arm's global operations and China's role, geopolitics, and more (www.bloomberg.com)
2024-10-27 China AI

At a TSMC event, founder Morris Chang said the company will soon face its “most severe” challenges in driving growth as free trade of semiconductors falters (www.bloomberg.com)
2024-10-27

The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry (www.bloomberg.com)
2024-10-26 Asset

Chinese self-driving company WeRide's shares closed up 6.8% at $16.55, giving a market cap of ~$4.5B, after raising $440.5M in a US IPO and private placement (www.bloomberg.com)
2024-10-26 China IPO

Accel registers with the US SEC as an investment adviser to tap private markets, joining Sequoia, a16z, Bessemer, and other VC firms that made a similar move (www.bloomberg.com)
2024-10-26

Sources: Apple tested an app to help people with prediabetes manage their food intake and make lifestyle changes, as part of its push into blood-sugar features (www.bloomberg.com)
2024-10-26 Apple

The UK CMA opens a phase one merger probe into chip designer Synopsys' $35B takeover of 3D design software maker Ansys due to competition concerns (www.bloomberg.com)
2024-10-25

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