Articles from www.bloomberg.com

Articles from www.bloomberg.com

Shanghai-based MiniMax reports H1 2026 revenue up 283% YoY to ~$116.6M, above 2025's 159% YoY growth, as its M3 model lags behind rivals like Z.ai's GLM-5.2 (www.bloomberg.com)
2026-8-26 AI Shanghai

Sources and documents: Huawei proposes exporting its high-end Ascend 950-series chips to build Egyptian government AI data centers, testing US tech diplomacy (www.bloomberg.com)
2026-8-26 AI Egypt

Z.ai confirms Ox Alpha is a new iteration of its GLM series and says it will release the weights for it tonight; Ox Alpha topped OpenRouter's leaderboard (www.bloomberg.com)
2026-8-26 AI

Revolut rolls out its euro-pegged stablecoin EURR, initially to eligible customers in Denmark, Poland, and Portugal; Stripe-owned Bridge issues the stablecoin (www.bloomberg.com)
2026-8-26 Poland Portugal

Indian AI infrastructure company AM Intelligence orders 9,000 Nvidia Vera Rubin systems and plans to offer 1GW of computing capacity as part of an $8B project (www.bloomberg.com)
2026-8-26 India AI Nvidia Intelligence

Sources: Meta and state AGs have discussed a possible mid-trial settlement of the social media addiction lawsuit, which is currently in its second week of trial (www.bloomberg.com)
2026-8-26

Zoom reports Q2 revenue up 4.9% YoY to $1.28B, vs. $1.27B est., enterprise revenue up 7.8% to $787.5M, and forecasts Q3 adjusted EPS below estimates (www.bloomberg.com)
2026-8-26

An ex-Meta staffer testified that less than 1% of teens used Instagram's opt-in “Take a Break” tool when it launched; the feature is now on by default for teens (www.bloomberg.com)
2026-8-26 Instagram

Uber launches an optional safety feature allowing parents or guardians to watch a livestream of their teen's ride via the driver's front-facing phone camera (www.bloomberg.com)
2026-8-26 Uber

Tel Aviv and NYC-based Alice, which works to protect AI models from misuse and rogue behavior, raised $140M led by Apax Digital at a valuation “close to $1B” (www.bloomberg.com)
2026-8-26 AI

Waymo plans to offer ride-hailing services in Germany, starting with Munich, by the end of 2027, marking its third international market and the first in the EU (www.bloomberg.com)
2026-8-26 Germany Munich

Qustodio: 26% of Australian children aged 13 to 15 were on TikTok in July, just one percentage point below pre-ban levels, and 10-to-12-year-olds' usage is up (www.bloomberg.com)
2026-8-25 Australia Ban

UK filings: OnlyFans parent Fenix paid late owner Leonid Radvinsky $709M in the months leading up to his death in March; FY 2025 revenue rose 10% YoY to $1.55B (www.bloomberg.com)
2026-8-25

Sources: Nvidia-backed neocloud Lambda is in talks to raise up to $3B at a $12B+ valuation; its revenue this year is estimated to reach $1.5B+ (www.bloomberg.com)
2026-8-25 Nvidia

Sources: Apple is about to launch a new Mac mini, potentially before its September iPhone event; Apple has tested versions with M5 and M6 (www.bloomberg.com)
2026-8-25 iPhone Apple

Researchers detail the growing use of AI in cyberattacks across many Chinese state-linked groups, primarily using open-weight models like Kimi K3 and DeepSeek (www.bloomberg.com)
2026-8-25 China AI

Sources: smart ring maker Oura and some of its backers seek to raise up to $3B in a US IPO that could take place as soon as September and value it at over $16B (www.bloomberg.com)
2026-8-25 IPO

The Trump administration proposes a new $103,265 fee on H-1B applicants hired within the US after a court blocked a fee on workers from outside the country (www.bloomberg.com)
2026-8-25 Trump H1B

UK's Office for National Statistics: UK digital infrastructure investment crossed £11B in 2025, hitting dot-com boom levels, amid an AI data center surge (www.bloomberg.com)
2026-8-25 AI

Sources: ByteDance is merging coding platform Trae and agent-building tool Coze into Doubao, and plans to launch Doubao Work to compete with Tencent's WorkBuddy (www.bloomberg.com)
2026-8-24 Tencent

Xiaomi launches the Xring O3, a 3nm SoC for its mobile devices, as the company seeks to reduce reliance on longtime suppliers Qualcomm and MediaTek (www.bloomberg.com)
2026-8-24 Mobile Xiaomi

US business schools are racing to prepare students to become chief AI officers, even as companies are still figuring out what the newest C-suite role entails (www.bloomberg.com)
2026-8-24 AI

Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies (www.bloomberg.com)
2026-8-24 Monetary Central Bank

New Zealand plans a bill to ban social media for under-16s, requiring “high risk” platforms to check user ages or face penalties of up to 10% of global revenue (www.bloomberg.com)
2026-8-24 New Zealand Ban

Sources: Shein voluntarily sought the US Treasury's CFIUS national security review of its $80M deal to buy US clothing retailer Everlane, an unusual move (www.bloomberg.com)
2026-8-24

SoftBank plans a $6.3B retail bond sale, a record for any Japanese issuer and its third this year, as the conglomerate raises funds for its OpenAI commitments (www.bloomberg.com)
2026-8-24 Japan Retail

Filing: Shein will debut on the Hong Kong exchange on Sept. 1, seeking up to $1.8B in its IPO with Goldman Sachs, Morgan Stanley, and JPMorgan as joint sponsors (www.bloomberg.com)
2026-8-24 Hong Kong IPO Morgan Stanley JPMorgan Goldman

Sources: foldable iPhone feels durable, fits well in a pocket, has useful iPad-like app layouts, excels as a camera viewfinder but lacks telephoto and Face ID (www.bloomberg.com)
2026-8-24 iPhone Face ID iPad

Sources: some of Nvidia's top customers have been told that prices will jump 15%+ on systems, including Vera Rubin and Grace Blackwell, starting in early 2027 (www.bloomberg.com)
2026-8-23 Nvidia

Apparel retailers like Zalando, Zara, and ASOS are betting on AI virtual fitting rooms to create a better online shopping experience and cut costly returns (www.bloomberg.com)
2026-8-23 AI

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