Articles from www.bloomberg.com

Articles from www.bloomberg.com

California Gov. Gavin Newsom says he is concerned about the potential “chilling effect” of AI safety bill SB 1047, which awaits his signature, on AI development (www.bloomberg.com)
2024-9-18 AI California

The Pentagon will award $269M to 33 chip research projects across the US via Chips Act funding to bolster semiconductor efforts for the military (www.bloomberg.com)
2024-9-18 Pentagon

Pew survey: 17% of US adults say they regularly get news on TikTok in 2024, up from 14% in 2023 and 3% in 2020; 39% aged 18 to 29 do so, up from 32% a year ago (www.bloomberg.com)
2024-9-18

The EU picks veteran Finnish lawmaker Henna Virkkunen to take over from Thierry Breton, pending her confirmation; Virkkunen was central in creating the DSA (www.bloomberg.com)
2024-9-18 Finland

Uber says it plans to start checking US passengers' account info against third-party ID verification databases; drivers will be able to see a user's blue badge (www.bloomberg.com)
2024-9-18 Uber

Wintermute partners with Chaos Labs to launch a crypto-based betting site focused on the US presidential election; Polymarket has ~$1B in wagers on that contest (www.bloomberg.com)
2024-9-18

A look at Shenzhen-based Transsion, whose Infinix and Tecno command about 50% of Africa's smartphone market and are finding success in Asia and the Middle East (www.bloomberg.com)
2024-9-17 Asia Africa Shenzhen

Microsoft unveils a $60B stock buyback program, matching its largest-ever repurchase authorization, and raises its quarterly dividend by 10% to $0.83 per share (www.bloomberg.com)
2024-9-17 Microsoft

Intel announces it will coinvest with AWS in a custom AI chip in a “multiyear, multibillion-dollar framework” and is delaying plants in Germany and Poland (www.bloomberg.com)
2024-9-17 Germany Intel AI Poland

Microsoft debuts new AI coding tools in Excel, adds email prioritization Outlook features, and says Copilot's customer base grew 60%+ in the most recent quarter (www.bloomberg.com)
2024-9-17 Microsoft AI

China advises state-linked orgs to use a new lithography machine with a resolution of 65nm or better, signaling an improvement in its home-developed DUV tech (www.bloomberg.com)
2024-9-16 China

Groq and Aramco plan to build a Saudi Arabia data center by the end of 2024; Groq says it will be the world's largest AI inferencing center with 19K Groq GPUs (www.bloomberg.com)
2024-9-16 AI Arabia Saudi Arabia

Research based on the US Census Bureau's data from 2008 to 2021 suggests online dating may be partially to blame for a rise in income inequality in recent times (www.bloomberg.com)
2024-9-16

Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards (www.bloomberg.com)
2024-9-15

A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial (www.bloomberg.com)
2024-9-15 Trump

India's new M&A rule for deals exceeding ~$240M could create hurdles for startups that hope to be acquired in their early years to access funding and scale (www.bloomberg.com)
2024-9-14 India Startup

Google ad trial: an ex-Facebook ad exec testifies the company signed the 2018 Jedi Blue deal with Google because it couldn't compete against Google's “monopoly” (www.bloomberg.com)
2024-9-14 Google Facebook

Sam Bankman-Fried asks for a new trial in an appeal to the 2nd Circuit US Court of Appeals and directly attacks US District Judge Lewis Kaplan for alleged bias (www.bloomberg.com)
2024-9-14

Brazil lifts the block on the bank accounts of X and Starlink after withdrawing ~$3.3M from the accounts to pay for fines imposed by the Supreme Court (www.bloomberg.com)
2024-9-14 Brazil

German prosecutors open a sexual harassment probe into SAP CTO Jürgen Müller, after SAP said he'd resign at the end of September due to “inappropriate” behavior (www.bloomberg.com)
2024-9-14 Germany

Sources: the European Commission is poised to conclude X does not fall under its Digital Markets Act, after a probe found X's impact on EU markets is too small (www.bloomberg.com)
2024-9-14 Europe

Sources: CoreWeave is in talks to arrange a sale of existing shares, valuing it at $23B, up from $19.1B in May; shareholders may sell up to $500M (www.bloomberg.com)
2024-9-14

FanDuel and Betfair's parent company, Flutter, agrees to acquire a 56% stake in Brazilian online gaming operator NSX for a cash consideration of about $350M (www.bloomberg.com)
2024-9-13 Brazil

All 25 staffers of Annapurna's gaming division resigned this month after CEO Megan Ellison pulled out of talks to spin off the unit as an independent entity (www.bloomberg.com)
2024-9-13

YC plans to expand to four cohorts per year, adding spring and fall sessions in 2025; each batch will be half the size of the most recent cohort of 256 startups (www.bloomberg.com)
2024-9-13 Startup

Adobe reports Q3 revenue up 11% YoY to $5.41B, vs. $5.37B est., Digital Media revenue up 11% to $4B, Q4 revenue guidance below est.; ADBE drops 9%+ after hours (www.bloomberg.com)
2024-9-13 Adobe 4Q

Sources: Spotify is trying to entice video-oriented creators to distribute shows on the platform in addition to YouTube, sometimes offering them seven figures (www.bloomberg.com)
2024-9-13 YouTube Spotify

eToro USA agrees to pay $1.5M and limit US user trading to Bitcoin, Bitcoin Cash, and Ether to settle SEC allegations that it operated as an unregistered broker (www.bloomberg.com)
2024-9-13 U.S. Bitcoin

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation, plus, a source says, $5B in debt from banks as a revolving credit facility (www.bloomberg.com)
2024-9-13 Equity

A look at the tough options before Intel's board, including scaling back factory projects, selling off subsidiaries, or splitting Intel's core operations (www.bloomberg.com)
2024-9-12 Intel

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