Articles from www.bloomberg.com

Articles from www.bloomberg.com

Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 200%+ to ~$1.7B due to equity investment gains; BABA drops 5%+ (www.bloomberg.com)
2025-5-15 Alibaba Equity

President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production (www.bloomberg.com)
2025-5-15 Trump India Apple Tim Cook

Sources: Spark Capital saw a gain of about $530M this week when eToro went public; Spark was eToro's largest shareholder with a 13% stake and had invested $19M (www.bloomberg.com)
2025-5-15

Meta promotes Benjamin Joe, its longtime VP for Southeast Asia, to VP of Asia Pacific and expands India VP Sandhya Devanathan's role to include Southeast Asia (www.bloomberg.com)
2025-5-15 India Asia Southeast Asia

Uber and delivery service iFood partner to integrate their services into each others' apps in Brazil; Uber ended its Uber Eats service in Brazil in March 2022 (www.bloomberg.com)
2025-5-15 Uber Brazil

Sources: Apple is developing a Vision Pro feature that lets users scroll content with their eyes, as part of visionOS 3 (www.bloomberg.com)
2025-5-15 Apple

Uber debuts Route Share, a pooled rides option that is similar to a bus and up to 50% cheaper than UberX, available during commuting hours in SF, NYC, and more (www.bloomberg.com)
2025-5-15 Uber

Sony reports Q4 revenue down 24% YoY to ~$17.7B, PlayStation 5 units sold in FY 24 down 11% YoY to 18.5M, and expects a ~$700M impact from US tariffs in FY 25 (www.bloomberg.com)
2025-5-14 4Q Sony

Sources: Guangzhou-based autonomous driving company Pony AI confidentially filed for a Hong Kong IPO; Pony AI raised ~$413M in a US IPO in November 2024 (www.bloomberg.com)
2025-5-14 Hong Kong IPO AI

French IT group Atos says it will simplify its organization, cut expenses, and focus on AI, aiming to reach €9B to €10B in 2028 sales, after years of setbacks (www.bloomberg.com)
2025-5-14 France AI

How Finland's district heating systems are harvesting heat from data centers; Microsoft's project near Helsinki will be the largest of its kind when completed (www.bloomberg.com)
2025-5-14 Microsoft Finland

Sony reports Q4 revenue down 24% YoY to $17.7B, 18.5M PlayStation 5 units sold in FY 24, down from 20.8M in FY 23, and expects a $700M US tariff impact in FY 25 (www.bloomberg.com)
2025-5-14 4Q Sony

Appfigures: mobile gamers spent $65.4B in 2024, up 4% YoY, but less than $4B went to games released in 2024; studios launched 126K games in 2024, down 43% YoY (www.bloomberg.com)
2025-5-14 Mobile

A profile of Tether's chief investment officer Richard Heathcote, who manages a $150B asset portfolio and has helped deepen Tether's ties with Cantor Fitzgerald (www.bloomberg.com)
2025-5-14 Asset

Former employees, analysts, VCs, and executives detail how DeepSeek works and how it fits into China's broader AI ambitions (www.bloomberg.com)
2025-5-14 China AI

AMD and Humain partner to invest up to $10B on AI infrastructure over the next five years, including in data centers stretching from Saudi Arabia to the US (www.bloomberg.com)
2025-5-14 AI Arabia Saudi Arabia AMD

Sources: Trump's admin mulls a deal to let UAE import 500K of the most advanced AI chips each year until 2027; one-fifth would go to G42, the others to US firms (www.bloomberg.com)
2025-5-14 Trump AI

Microsoft says it will lay off 6,000 staff in a bid to cut management layers, including at LinkedIn; Microsoft had 228K staff in June 2024 and cut 10K in 2023 (www.bloomberg.com)
2025-5-14 Microsoft LinkedIn

Nvidia CEO Jensen Huang says the company will send AI chips to Saudi Arabia's Humain for a 500 MW data center buildout, as President Trump visits the kingdom (www.bloomberg.com)
2025-5-14 Trump AI Arabia Nvidia Saudi Arabia

Intel says it certified Shell's lubricant-based method for cooling AI data center servers more efficiently after a two-year trial, in a bid to use less energy (www.bloomberg.com)
2025-5-14 Intel Energy AI

Audible partners with US publishers to convert print books and e-books into AI-narrated audiobooks, with 100+ AI voices in English, Spanish, French, and Italian (www.bloomberg.com)
2025-5-13 France Italy AI Spain

Restaurant tech startup Owner.com, which offers AI website building, marketing, and other tools raised $120M co-led by Meritech and Headline at a $1B valuation (www.bloomberg.com)
2025-5-13 Startup AI

Analysis: Google faces €12B+ in damage claims from dozens of EU price comparison websites that allege it stole their customers, after a €2.4B EU fine in 2017 (www.bloomberg.com)
2025-5-13 Google

JD.com reports Q1 revenue up 16% YoY to ~$41.8B and net income up 53% YoY to ~$1.5B, driven by Chinese government stimulus measures to boost electronics sales (www.bloomberg.com)
2025-5-13 China

Beijing-based Meituan says it plans to spend $1B over five years to bring its food delivery service Keeta to Brazil, after a Saudi Arabia rollout in 2024 (www.bloomberg.com)
2025-5-13 Arabia Brazil Saudi Arabia

Samsung announces the $1,100 Galaxy S25 Edge, which is 5.8mm thick and weighs 163g, making it 30% thinner and 25% lighter than the S25 Ultra, arriving on May 30 (www.bloomberg.com)
2025-5-13 Samsung

CrowdStrike CEO George Kurtz disclosed last month that he had gifted $1B+ worth of CrowdStrike stock to undisclosed recipients, cutting his voting power to 2.5% (www.bloomberg.com)
2025-5-13

Sources: Apple is planning an AI-powered battery management mode for iOS 19 that analyzes how a person uses their phone and makes adjustments to conserve energy (www.bloomberg.com)
2025-5-13 IOS Energy AI Apple Battery

Match says it will cut 13% of its staff and reports Q1 revenue down 3% YoY to $831M, above est., and paying users down 5% to 14.2M, below est.; MTCH drops 9.6% (www.bloomberg.com)
2025-5-13

Sources: SoftBank and OpenAI's $100B Stargate investment hits snags over tariffs fears; talks with dozens of lenders starting earlier in 2025 yielded no deals (www.bloomberg.com)
2025-5-12

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