Articles from www.bloomberg.com

Articles from www.bloomberg.com

NYC-based Aescape, which makes AI-powered massage robots to be deployed in 60 Equinox gyms, raised $83M led by Valor Equity, a source says at a ~$250M valuation (www.bloomberg.com)
2025-3-4 AI Robot Equity

Sources: the US office responsible for the $52B CHIPS Act will lose ~40% of its staff, including ~40 who are probationary, as Trump cuts the federal workforce (www.bloomberg.com)
2025-3-4 Trump

Jalisco's governor says Foxconn's $900M Guadalajara plant, the largest Nvidia GB200 server assembly site, will be built in a year despite Trump's tariff threat (www.bloomberg.com)
2025-3-4 Trump Nvidia

Sources: Didi Autonomous Driving is seeking to raise new funding at a $5B valuation; it raised a $298M Series C led by Guangzhou Automobile in October 2024 (www.bloomberg.com)
2025-3-4

CoreWeave's S-1 shows ~77% of its $1.9B revenue in 2024 came from its top two customers, one of them being Microsoft, which accounted for 62% of total sales (www.bloomberg.com)
2025-3-4 Microsoft

A deep dive into how Facebook, Messenger, WhatsApp, Tinder, and Airbnb are being used to facilitate cross-border underage sex trafficking in Colombia (www.bloomberg.com)
2025-3-4 Facebook Airbnb WhatsApp

Docs: TikTok generated $1.7B globally in sales from TikTok Live in one 2023 quarter, with $400M+ from the US, projects Live will generate $77B globally by 2027 (www.bloomberg.com)
2025-3-4

Anthropic raised a $3.5B Series E led by Lightspeed at a $61.5B valuation; source: its annual revenue run rate has grown by 30% in 2025, from ~$1B in late 2024 (www.bloomberg.com)
2025-3-4

Documents and sources: the Trump administration cut 170 staff at the National Science Foundation federal agency, threatening AI research and US competitiveness (www.bloomberg.com)
2025-3-4 Trump AI

An in-depth look at Apple's AI crisis, as some in Apple's AI division believe that a true conversational “LLM Siri” won't be ready until iOS 20 at best in 2027 (www.bloomberg.com)
2025-3-3 IOS AI Apple

How AI, which makes intelligence ubiquitous and practically free, could upend the economy, which is built on the idea that expertise is scarce and expensive (www.bloomberg.com)
2025-3-2 AI Intelligence

Documents and interviews detail how Connor Moucka, John Binns, and Cameron Wagenius, the trio accused of hacking AT&T and other Snowflake customers, met online (www.bloomberg.com)
2025-3-2 AT&T

DeepSeek says its V3 and R1 models' cost of inferencing relative to sales during a 24-hour-period on February 28 put “theoretical” profit margins at 545% (www.bloomberg.com)
2025-3-2

US bitcoin ETFs saw ~$3.3B in net outflow in Feb., the biggest monthly exodus since they debuted; BTC fell ~17% in Feb., its worst monthly drop since June 2022 (www.bloomberg.com)
2025-3-1 Bitcoin ETF

The US SEC dismissed or paused at least eight cases against crypto firms in the past month, as the agency sees immediate changes under Acting Chair Mark Uyeda (www.bloomberg.com)
2025-3-1

Teleperformance, the world's largest call center operator, rolls out AI tech by startup Sanas to soften English-speaking Indian workers' accents in real time (www.bloomberg.com)
2025-3-1 India Startup AI

Socure, a digital identity verification company, says bad actors are increasingly using social media selfies and generative AI to create more realistic fake ids (www.bloomberg.com)
2025-3-1 AI

Crypto reserve bills have failed in Montana, N. Dakota, S. Dakota, and Wyoming over the last month; Bitcoin Laws: such bills have been introduced in 24 states (www.bloomberg.com)
2025-3-1 Bitcoin

Grubhub CEO Howard Migdal says the company is laying off about 500 employees, or ~23% of its workforce, following its takeover by Wonder in November 2024 (www.bloomberg.com)
2025-3-1

A US court finds that Byju's and founder Byju Raveendran's brother violated a fiduciary duty to lenders by fraudulently hiding $533M from them (www.bloomberg.com)
2025-3-1

Experts say stopping North Korean thefts will require higher security spending by crypto exchanges, more stringent rules, and better government cooperation (www.bloomberg.com)
2025-3-1 Korea

Thailand says TikTok plans to spend $8.8B to build AI data centers across the country over the next five years, more than doubling its earlier target (www.bloomberg.com)
2025-2-28 Thailand AI

Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value (www.bloomberg.com)
2025-2-28

Documents: Tesla applied late last year for a transportation permit in California that suggests it's working to launch a ride-hailing business in the near term (www.bloomberg.com)
2025-2-28 Tesla California

HP reports Q1 revenue up 2.4% YoY to $13.5B vs. $13.4B est., Personal Systems revenue up 5%, commercial personal systems up 10%, Q2 earnings forecast below est. (www.bloomberg.com)
2025-2-28

Amazon CEO Andy Jassy says a proposed Biden-era rule to curb the export of AI chips to nations like Israel and the UAE could have unintended consequences (www.bloomberg.com)
2025-2-28 Israel Amazon AI

Sources: Apollo Global is in talks to lead a ~$35B financing package for Meta to help develop US data centers; Meta outlined plans to invest $65B on AI in 2025 (www.bloomberg.com)
2025-2-28 AI

Microsoft identifies hackers in the US, Iran, the UK, Hong Kong, and Vietnam who bypassed guardrails on AI tools and sold access to other malicious groups (www.bloomberg.com)
2025-2-28 Hong Kong Microsoft AI Iran Vietnam

Tencent releases Hunyuan Turbo S, an AI model designed to respond instantly, saying it is competitive against DeepSeek's V3 model in commonly used AI tests (www.bloomberg.com)
2025-2-27 AI Tencent

AWS unveils Ocelot, its new quantum chip built in partnership with Caltech, featuring five qubits that store data and four additional qubits to detect errors (www.bloomberg.com)
2025-2-27 Quantum

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