Articles from www.bloomberg.com

Articles from www.bloomberg.com

CXMT is poised for a debut pop that could lift its market cap several times above its initial ~$85B after raising $9.8B in a hugely oversubscribed Shanghai IPO (www.bloomberg.com)
2026-7-26 IPO Shanghai

Sources: DeepSeek told investors it is suspending its second funding round after remarks attributed to Liang Wenfeng on US-China AI competition went viral (www.bloomberg.com)
2026-7-26 China AI

SK Group Chair Chey Tae Won says Anthropic has asked SK Hynix for supplies to make its own chips, calling it remarkable that an AI developer has chip ambitions (www.bloomberg.com)
2026-7-26 AI

As student protests spread across India, Narendra Modi turns to Reels, swapping his trademark cinematic videos for self-recorded messages aimed at Gen Z (www.bloomberg.com)
2026-7-25 India

Samsung announces a $200B+ contract to make chips for Broadcom through 2030, focusing on its 2nm and below process technologies for Broadcom's products (www.bloomberg.com)
2026-7-25 Samsung

Nvidia plans to invest $1B in Naver to help finance an AI data center in South Korea, and partners with SK Group to build more than 2 GW of AI data centers (www.bloomberg.com)
2026-7-25 Korea AI Nvidia

Letter: Qualcomm tells customers it plans to raise prices by double digit percentage points, after exhausting its ability to absorb higher costs from suppliers (www.bloomberg.com)
2026-7-25

Midjourney bought astrology app Co-Star, which uses AI to offer personalized advice, in the spring and is building its first standalone image-generation app (www.bloomberg.com)
2026-7-25 AI

Sources: SpaceX started turning away satellite operators seeking dedicated Falcon 9 rides beyond 2028, and stopped building some non-reusable Falcon components (www.bloomberg.com)
2026-7-24 SpaceX

Google says it has $811B in contracted future spending commitments as of June, up ~$500B from March, covering chips, data centers, electricity, and more (www.bloomberg.com)
2026-7-24 Google

Sources: AI robotics startup Genesis AI is in talks to raise around $500M in a new funding round at a $3B pre-money valuation (www.bloomberg.com)
2026-7-24 Startup AI Robot

Nvidia signs a $1.5B accord with Amkor, involving a prepayment by Nvidia to help bolster Amkor's chip packaging facility in Arizona; AMKR jumps 16%+ after hours (www.bloomberg.com)
2026-7-24 Nvidia

Filing: the value of Alphabet's investments in unidentified private companies was ~$124.3B as of June 30, source says driven primarily by its Anthropic stake (www.bloomberg.com)
2026-7-24 Alphabet

Germany's Black Forest Labs launches Flux 3 and Flux-mimic, its first models for robotics, as it expands from generative AI into physical AI (www.bloomberg.com)
2026-7-24 Germany AI Robot

Microsoft replaces OpenAI's image-generating models with its MAI models in its products; Mustafa Suleyman says MAI models are ~85% cheaper to run in PowerPoint (www.bloomberg.com)
2026-7-24 Microsoft

Sources: three OpenAI models breached Hugging Face's internal systems in a matter of hours, an attack that would have taken a talented hacker a couple of weeks (www.bloomberg.com)
2026-7-24 Hacker

Filing: Alphabet holds $94.1B in SpaceX equity post-IPO; $80B are under short-term sale restrictions, while $14.1B remain long-term restricted until Q3 2027 (www.bloomberg.com)
2026-7-23 IPO Equity Alphabet SpaceX

STMicro forecasts Q3 revenue up ~16% YoY to $3.7B, below $3.79B est., and expects AI sales to pass $1B in 2026 and be “well above $2B” in 2027; STM falls 14%+ (www.bloomberg.com)
2026-7-23 AI

Sources: China resumes issuing robotaxi permits after an industry-wide full safety review prompted by an April outage involving 100+ Baidu robotaxis in Wuhan (www.bloomberg.com)
2026-7-23 China

Sources: OpenAI models breached Hugging Face's internal systems in a matter of hours, a feat that would typically have taken a talented hacker a couple of weeks (www.bloomberg.com)
2026-7-23 Hacker

Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (www.bloomberg.com)
2026-7-23 Hong Kong Shanghai

Sources detail how Commerce Secretary Howard Lutnick and crypto adviser Bo Hines worked to shape the GENIUS Act and loosen safeguards to benefit Tether (www.bloomberg.com)
2026-7-23

Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (www.bloomberg.com)
2026-7-23 Google

Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (www.bloomberg.com)
2026-7-23 Google

The SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (www.bloomberg.com)
2026-7-23 Coinbase

ServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (www.bloomberg.com)
2026-7-23

OpenAI President Greg Brockman says Kimi K3 is a “pretty good model” but it is “too early” to tell whether Moonshot used distillation on OpenAI's models (www.bloomberg.com)
2026-7-23

Cashea, Venezuela's largest fintech startup that offers a banking and payments app, raised a $40M Series A, including $20M in debt, and a $60M Series B (www.bloomberg.com)
2026-7-23 Fintech Startup Venezuela

White House OSTP Director Michael Kratsios says Moonshot AI “acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models” (www.bloomberg.com)
2026-7-23 Thailand AI

Meta taps Assaf Keren, former chief security officer at Qualtrics and former CISO at PayPal, as its next CISO, succeeding Guy Rosen (www.bloomberg.com)
2026-7-23 CISO

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