Articles from www.bloomberg.com

Articles from www.bloomberg.com

Xiaomi CEO Lei Jun unveils the Xring O1, a Xiaomi-made 3nm chip that will power three devices, including the Tablet 7 Ultra, in a bid to compete with Apple (www.bloomberg.com)
2025-5-22 Apple Xiaomi

Lenovo reports Q4 revenue up 23% to $16.98B, vs. $15.6B est., and net profit down 64% YoY to ~$90M, below $225.8M est., reflecting AI and PC market competition (www.bloomberg.com)
2025-5-22 AI 4Q Lenovo

Takeaways from Computex 2025: little focus on consumer AI, Chinese AI and chip advances loom large, Intel and Nvidia courting Taiwanese partners, and more (www.bloomberg.com)
2025-5-22 China Taiwan Intel AI Nvidia

A profile of Bill Zanker, who sources say has been key in marketing the $TRUMP memecoin and organizing a dinner with Trump for the top 220 holders of the coin (www.bloomberg.com)
2025-5-22 Trump

Digital physical therapy provider Hinge Health raised $437M in its US IPO, after the company and its backers sold 13.7M shares at $32 each, the top of its range (www.bloomberg.com)
2025-5-22 IPO

Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+ after hours (www.bloomberg.com)
2025-5-22

OpenAI is buying io, Jony Ive's secretive AI startup, for ~$6.5B in stock; Ive and LoveFrom will remain independent but take over design for all of OpenAI (www.bloomberg.com)
2025-5-22 Startup AI

Sources and docs: a “major lapse” at Thoma Bravo's Opexus, which helps US agencies manage investigations and FOIA, let two convicted hackers delete databases (www.bloomberg.com)
2025-5-22

AI model ranking project LMArena spins off from UC Berkeley and raises a $100M seed led by a16z and UC Investments, sources say at a $600M valuation (www.bloomberg.com)
2025-5-22 AI

Singapore-based business banking and payments startup Airwallex raised $150M at a $6.2B valuation, up from $5.6B in October 2022, and debuts a $150M share sale (www.bloomberg.com)
2025-5-21 Startup Singapore

China threatens legal action against anyone enforcing US restrictions on Huawei chips, escalating the US-China tech dispute as the two countries hold meetings (www.bloomberg.com)
2025-5-21 China

Baidu reports Q1 revenue up 3% YoY to ~$4.5B, above ~$4.3B est., and a ~$1B net profit, as the Chinese search giant fends off intensifying competition in AI (www.bloomberg.com)
2025-5-21 China AI

Amazon issues refunds for purchases as far back as 2018; CFO Brian Olsavsky said on May 1 that Amazon took a ~$1B charge over “some historical customer returns” (www.bloomberg.com)
2025-5-21 Amazon

Abu Dhabi's TII releases Falcon Arabic, an AI model that it claims can match the performance of models up to 10 times its size, and smaller model Falcon H1 (www.bloomberg.com)
2025-5-21 AI

Kalshi withdrew announcements about a collaboration with xAI just hours after CEO Tarek Mansour said the deal would “further take prediction markets mainstream” (www.bloomberg.com)
2025-5-21

The Argentine government dismantles a body created three months ago to investigate the Libra cryptocurrency scandal involving President Milei and his sister (www.bloomberg.com)
2025-5-21 Cryptocurrency

Take-Two plans to sell $1B of new stock to investors and use the proceeds for general corporate purposes, including repayment of debt and future acquisitions (www.bloomberg.com)
2025-5-21

Xreal unveils Project Aura, expected to be the first Android XR glasses, powered by a separate puck with a Qualcomm chip, slated to launch by early 2026 (www.bloomberg.com)
2025-5-21 Android

DoorDash ended its AI-powered voice ordering product for restaurant clients in April 2025, after launching it in August 2023 (www.bloomberg.com)
2025-5-21 AI

Sources: Apple plans to unveil at WWDC an SDK and related frameworks to let third-party devs build AI features based on LLMs it uses for Apple Intelligence (www.bloomberg.com)
2025-5-21 AI Apple Intelligence

Inside the first Stargate AI data center, in Abilene, Texas: thousands working to build eight near-identical structures, startup Crusoe spending ~$12B, and more (www.bloomberg.com)
2025-5-21 Startup AI Texas

Inside the first Stargate AI data center in Abilene, Texas: thousands working to build eight near-identical structures, startup Crusoe spending $12B, and more (www.bloomberg.com)
2025-5-20 Startup AI Texas

Malaysia downplays its deal to use Huawei chips to build a first-of-its-kind AI system by 2026, underscoring its delicate position in the US-China AI race (www.bloomberg.com)
2025-5-20 China AI Malaysia

Chinese government data: smartphone exports including iPhones fell 72% MoM to $688.5M in April, the lowest since 2011, outpacing a 21% drop in overall shipments (www.bloomberg.com)
2025-5-20 China

A look at South Korea's Bithumb as it preps for a 2025 IPO; Kaiko says Bithumb held 36% of the country's crypto trading in Jan. 2024, up from 11.5% in Jan. 2023 (www.bloomberg.com)
2025-5-20 Korea IPO

Sources: Nintendo picked Samsung to make Switch 2 chips, aiming to ramp output and sell 20M+ units by March 2026, a key win for Samsung as it competes with TSMC (www.bloomberg.com)
2025-5-20 Samsung Nintendo

GENIUS Act, a stablecoin bill, advances in the US Senate after a group of Democrats dropped their opposition, marking a major win for the crypto industry (www.bloomberg.com)
2025-5-20 Democrat Senate

Huawei launches its first laptops running on HarmonyOS, including the 18-inch foldable MateBook Fold, and is working to make the OS compatible with 2,000+ apps (www.bloomberg.com)
2025-5-20

Source: the US DOJ has opened a probe into a recent data breach at Coinbase; Coinbase says it's working with the DOJ and other law enforcement agencies (www.bloomberg.com)
2025-5-20 Coinbase

Graphiant, a San Jose-based NaaS startup, raised a $19M Series B extension led by Aramco's Wa'ed and Saudi Telecom's Tali, bringing the round total to $102M (www.bloomberg.com)
2025-5-20 Startup

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