Articles from www.bloomberg.com

Articles from www.bloomberg.com

The UK CMA rules that Amazon's $4B Anthropic deal does not qualify for an investigation under merger laws as Anthropic's UK revenue did not meet needed limits (www.bloomberg.com)
2024-9-27 Amazon

Source: Arm approached Intel about potentially buying Intel's product group, but not factory operations; Intel declined, saying the division isn't for sale (www.bloomberg.com)
2024-9-27 Intel

The US FCC levies a $6M fine on Steve Kramer, who used AI to mimic Biden's voice and made thousands of robocalls to New Hampshire voters in early 2024 (www.bloomberg.com)
2024-9-27 AI

Sources: Robinhood and Revolut are exploring offering their own stablecoins; Tether's USDT has grown to $120B, accounting for over two-thirds of market value (www.bloomberg.com)
2024-9-27

Sources: Tencent is the unidentified shareholder that raised about $206M after selling Chinese brokerage-platform Futu's American depositary shares (www.bloomberg.com)
2024-9-27 China U.S. Tencent

In a filing, Oracle reveals a 29% stake in server CPU design startup Ampere with an option to own; Ampere's CEO Renee James is stepping down from Oracle's board (www.bloomberg.com)
2024-9-26 Startup Oracle

Ubisoft lowers its FY 2024-25 bookings forecast to €1.95B, vs. €2.42B est., and delays Assassin's Creed Shadows to February 14, 2025; UBI closes down 4.52% (www.bloomberg.com)
2024-9-26

Micron reports Q4 revenue up 93% YoY to $7.75B, vs. $7.66B est., forecasts Q1 revenue and profit above estimates, helped by AI demand; MU jumps 13%+ after hours (www.bloomberg.com)
2024-9-26 AI 4Q

US federal court records: the DOJ has been investigating SAP, Carahsoft, and others for potentially conspiring to overcharge government agencies over a decade (www.bloomberg.com)
2024-9-26

Alphabet CEO Sundar Pichai says the US search and ads antitrust lawsuits are “going to take time ... to play out” and an appeal “will likely take many years” (www.bloomberg.com)
2024-9-25 Alphabet

Book excerpt: how Activision CEO Bobby Kotick and Blizzard co-founder Mike Morhaime, once the industry's unstoppable pair, had a falling out starting in 2013 (www.bloomberg.com)
2024-9-25

Chainalysis: inflows to China's over-the-counter crypto brokers topped $20B in Q4 2023, Q1 2024, and Q2 2024 for $75.4B in total, despite Beijing's crypto ban (www.bloomberg.com)
2024-9-25 China Ban 4Q

A profile of Canva, which has an estimated 4% share of the $15.4B creative software market and has doubled its MAUs to 190M since 2022, ahead of a US IPO (www.bloomberg.com)
2024-9-25 IPO

US federal court records show the DOJ has been investigating SAP, IT vendor Carahsoft, and others for potentially conspiring to overcharge government agencies (www.bloomberg.com)
2024-9-25

Sources: Wiz is in discussions to sell existing shares at a valuation between $15B and $20B, after abandoning a deal in July to be acquired by Google for $23B (www.bloomberg.com)
2024-9-25 Google

Ujet, which uses AI to help businesses with customer support, raised $76M led by Sapphire Ventures, valuing the company at $500M, and promotes its COO to co-CEO (www.bloomberg.com)
2024-9-25 AI

Meta says it will not sign the EU's voluntary AI safety pledge that's planned as a stopgap before the EU's AI Act takes full effect in 2027, but may join later (www.bloomberg.com)
2024-9-25 AI

In a controversial move, Israel's ISA clears AI startup Bridgewise to launch a chatbot that gives stock picking advice, slated to debut with a big Israeli bank (www.bloomberg.com)
2024-9-25 Israel Startup AI chatbot

Snap says it will use Google's Gemini to help add new features to its chatbot, including translating menus, after starting to use Gemini earlier in 2024 (www.bloomberg.com)
2024-9-24 Google chatbot

TikTok says it plans to shut down TikTok Music on November 28 and will delete customer data; the app, originally called Resso, first launched in 2019 (www.bloomberg.com)
2024-9-24

Swedish prosecutors say Iran was behind 15K text messages sent on August 1, 2023 to sow fear in Sweden, asking recipients to exact revenge after Koran burnings (www.bloomberg.com)
2024-9-24 Iran Sweden

A profile of Li-Chen Miller, Meta VP of product for wearables and a former Microsoft CVP; IDC says Meta has shipped 700K+ Ray-Ban units after the 2023 launch (www.bloomberg.com)
2024-9-24 Microsoft Ban

Memo: an arbitrator awards full severance package to an ex-Twitter employee, who was laid off when Elon Musk took over, first such resolution of 2K+ complaints (www.bloomberg.com)
2024-9-24 Twitter Elon Musk

Revolut is spinning out its €8.5B wealth management offering into a standalone app and plans to launch it in European Economic Area countries by the end of 2024 (www.bloomberg.com)
2024-9-24 Europe

The US House approves a bill exempting some chipmaking projects from federal permitting requirements after Senate approval in 2023, sending it to Biden's desk (www.bloomberg.com)
2024-9-24 Senate

Telegram will provide users' IP addresses and phone numbers to authorities after valid legal requests, changing its terms of service to deter criminal activity (www.bloomberg.com)
2024-9-24

Sonos staff and report: technical debt was partly responsible for the app debacle, and Sonos lacked urgency in fixing it; sources: a reorganization caused chaos (www.bloomberg.com)
2024-9-24

Mumbai-based Qure.AI, which uses AI to help identify and manage critical diseases at 3K+ imaging sites, raised a $65M Series D led by Lightspeed and 360 ONE (www.bloomberg.com)
2024-9-23 AI Qihoo

The US and India announce plans for a new chip plant in India, producing infrared, gallium nitride, and silicon carbide chips, as Narendra Modi visits the US (www.bloomberg.com)
2024-9-23 India

Behind Bot Farm Corporation, a Siberia-based operation that raked in millions of dollars by deploying advanced poker-playing AI software across gambling sites (www.bloomberg.com)
2024-9-23 AI

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