Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Robinhood CEO Vladimir Tenev says Robinhood Prediction Markets crossed 4B event contracts traded all-time, with over 2B in Q3 alone; HOOD closes up 12.27% (www.bloomberg.com)
2025-9-30

Swift says it is building a blockchain-based ledger with over 30 financial institutions and the first prototype will be built in partnership with Consensys (www.bloomberg.com)
2025-9-30 Blockchain

DeepSeek releases DeepSeek-V3.2-Exp, saying it built the model using a new technique called DeepSeek Sparse Attention, and halves the pricing of its tools (www.bloomberg.com)
2025-9-29

EA's $55B sale is the largest leveraged buyout on record and represents a 25% premium on its October 26 close, as the $178B video game industry's growth slows (www.bloomberg.com)
2025-9-29

Sources: Huawei aims to produce ~600K of its marquee 910C Ascend chips in 2026, roughly double 2025's level, and raise its Ascend lineup output to 1.6M dies (www.bloomberg.com)
2025-9-29

London-based Evantic Capital, founded by ex-Sequoia VC Matt Miller, raised a $400M fund, with ~12.5% coming from 135 “legends”, including CEOs, a novel strategy (www.bloomberg.com)
2025-9-29 London

US Commerce Secretary Howard Lutnick says the US aims to get “maybe 50% market share” of chip and wafer production to offset Beijing's threats to invade Taiwan (www.bloomberg.com)
2025-9-29 Taiwan

Singapore-based Neptune Robotics, which makes robots to clean the underside of giant ships, raised $52M and aims to use AI to help clean ~150 ships per month (www.bloomberg.com)
2025-9-29 AI Robot Singapore

EA's ~$50B buyout talks highlight the slowdown and consolidation trends in the $178B global gaming market after the COVID-19 boom, as gamers stick to old titles (www.bloomberg.com)
2025-9-29

An interview with Jeanine Wright, CEO of Inception Point AI, about her vow to continue mass-publishing episodes of AI-generated podcasts despite backlash (www.bloomberg.com)
2025-9-29 Interview AI

Turning compute into a tradable commodity could fuel the next stage of the AI boom, just like oil futures and spectrum auctions unlocked waves of investment (www.bloomberg.com)
2025-9-29 AI

Apple's internal chatbot deserves a public release, sources: Apple nears production of M5 MacBook Pros, MacBook Airs, and two monitors for Q4 2025 or Q1 2026 (www.bloomberg.com)
2025-9-29 Apple chatbot MacBook 4Q

A look at the implosion of CaaStle, a clothing inventory monetization startup whose ex-CEO Christine Hunsicker is accused of swindling investors out of $300M (www.bloomberg.com)
2025-9-28 Startup

A profile of Justin Sun, who was facing an SEC fraud lawsuit before investing $90M in Trump family cryptocurrencies and becoming a business associate of Trump (www.bloomberg.com)
2025-9-28 Trump

A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024 (www.bloomberg.com)
2025-9-28 Blockchain AI

OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW of capacity, with $35B going toward AI chips (www.bloomberg.com)
2025-9-28 AI

Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992 (www.bloomberg.com)
2025-9-28 Oracle

China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross-border payments and blockchain tech (www.bloomberg.com)
2025-9-27 Blockchain China Central Bank Shanghai

Google agrees to guarantee $1.4B of AI computing startup Fluidstack's $3B, 10-year agreement with Cipher Mining and gets the right to buy a 5.4% stake in Cipher (www.bloomberg.com)
2025-9-27 Google Startup AI

Leaked letter: NLRB drops claims against Tim Cook, including that he violated workers' rights with a 2021 email threatening staffers who leak confidential info (www.bloomberg.com)
2025-9-27 Tim Cook

Sources: Kraken is in advanced talks to raise $200M to $300M from a strategic investor at a valuation of ~$20B, after recently raising $500M at a $15B valuation (www.bloomberg.com)
2025-9-27

Sources: Apple has developed an internal ChatGPT-like iPhone app, code-named Veritas, to help test and prepare for a major Siri overhaul next year (www.bloomberg.com)
2025-9-27 iPhone Apple

Previous Page Next Page