Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Uber expects non-restaurant deliveries to hit an annual run rate of $12.5B in gross bookings by the end of 2025, up 25% from the $10B+ rate it shared in May (www.bloomberg.com)
2025-9-27 Uber

Sources: ByteDance is expected to receive ~50% of TikTok US' overall profit despite selling majority ownership to US investors, including a 20% licensing fee (www.bloomberg.com)
2025-9-27

German investigators conduct raids in relation to Northern Data, which is majority-owned by Tether and has been pivoting from crypto mining to AI computing (www.bloomberg.com)
2025-9-26 Germany AI

The Trump administration's $14B valuation of TikTok's US business falls well below previous estimates of around $40B, surprising investors who call it a bargain (www.bloomberg.com)
2025-9-26 Trump

Meta plans to launch paid, ad-free versions of Instagram and Facebook in the UK, each costing £2.99 per month on the web, and £3.99 on iOS and Android (www.bloomberg.com)
2025-9-26 Android IOS Facebook Instagram

Checkout.com announces an employee share buyback at a $12B valuation, up 30% from $9.35B two years ago yet below $40B in 2022, and says an IPO isn't a priority (www.bloomberg.com)
2025-9-26 IPO

OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4 (www.bloomberg.com)
2025-9-26 France 4Q

Google asks SCOTUS to pause a lower court's order requiring a Play Store overhaul set to take effect on October 22, while the company seeks high court review (www.bloomberg.com)
2025-9-26 Google

Sources: EU prepares to issue preliminary findings that Facebook and Instagram lack an adequate “notice and action mechanism” to let users flag illegal posts (www.bloomberg.com)
2025-9-26 Facebook Instagram

CoreWeave expands its data center capacity agreements with OpenAI by $6.5B, bringing their total potential value to $22.4B, to support training of OpenAI models (www.bloomberg.com)
2025-9-26

xAI signed a deal with the GSA to offer Grok to US federal agencies for $0.42 per agency for 18 months, a discount to OpenAI's $1 per year for ChatGPT (www.bloomberg.com)
2025-9-25

SAP, whose cloud sales are set to reach €22B this year, nearly triple 2019 levels, faces competition from other tech giants as it targets AI apps for the future (www.bloomberg.com)
2025-9-25 AI

JPMorgan's recent data access deal with Plaid, if extended to other aggregators, could allow Plaid to use its cost advantage to further consolidate market share (www.bloomberg.com)
2025-9-25 JPMorgan

London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake (www.bloomberg.com)
2025-9-25 Startup Nvidia London

Taiwan suspends chip export controls on South Africa after just two days, signaling discomfort with using the key tech export as a weapon in diplomatic disputes (www.bloomberg.com)
2025-9-25 Taiwan Africa South Africa

Australian lawmakers propose rules to regulate crypto exchanges, allowing the government to slap penalties of 10% of annual turnover on firms that violate rules (www.bloomberg.com)
2025-9-25 Australia

Meta says Instagram has hit 3B monthly users and is changing its home screen to prioritize DMs and Reels; it is testing opening directly into Reels in India (www.bloomberg.com)
2025-9-25 India Instagram

Sources: Intel approached Apple about a potential investment in the chipmaker as part of its turnaround efforts and discussed how to work more closely together (www.bloomberg.com)
2025-9-25 Intel Apple

Canadian PE firm Novacap agrees to acquire Integral Ad Science, which provides digital ad measurement and verification, in a deal valuing IAS at about $1.9B (www.bloomberg.com)
2025-9-25 Canada

OpenAI partners with SAP to launch OpenAI for Germany, bringing its AI tools to Germany's public sector through SAP's Delos Cloud (www.bloomberg.com)
2025-9-25 Germany AI

Waymo launches Waymo for Business, a service targeting employers, universities, and event organizers, available in San Francisco, Los Angeles, and Phoenix (www.bloomberg.com)
2025-9-25 San Francisco

Mark Zuckerberg says Instagram has reached 3B MAUs, and is testing a new home screen navigation bar prioritizing private messaging and Reels (www.bloomberg.com)
2025-9-25 Instagram Zuckerberg

Sources: Oracle seeks to borrow $15B through the US sale of corporate bonds, as it begins to fulfill massive cloud infrastructure deals with OpenAI and others (www.bloomberg.com)
2025-9-24 Oracle

Report: China's market regulator drafts rules to curb “coercive competition” in the online food delivery market, spurring a rally in Meituan and JD.com's shares (www.bloomberg.com)
2025-9-24 China

Alibaba's Hong Kong-listed shares hit a nearly four-year high after CEO Eddie Wu announces plans to increase AI spending beyond the $53B target over three years (www.bloomberg.com)
2025-9-24 Hong Kong Alibaba AI

Bain: by 2030, AI companies will need $2T in combined annual revenue to fund compute power to meet projected demand, but are likely to fall short by $800B (www.bloomberg.com)
2025-9-24 AI

Sources: Flipkart is investing $30M in its fintech unit Supermoney, after a $20M 2024 spin-off round; Supermoney disbursed $700M+ in loans via lending partners (www.bloomberg.com)
2025-9-24 Fintech

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