Articles from www.bloomberg.com

Articles from www.bloomberg.com

A 397-page EC report, released shortly before CJEU's verdicts against Apple and Google, says the EU's competition enforcement can be “harmful to innovation” (www.bloomberg.com)
2024-9-12 Google Apple

Infineon says it has developed 300mm gallium nitride wafers, which can produce 2.3x more chips than 200mm wafers and speed their adoption for AI applications (www.bloomberg.com)
2024-9-12 AI

AST SpaceMobile's stock is up ~1,300% since a record low in April 2024 and following deals with AT&T and Verizon in May to provide wireless service from space (www.bloomberg.com)
2024-9-12 AT&T

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation and raise $5B in debt from banks in the form of a revolving credit facility (www.bloomberg.com)
2024-9-12 Equity

Chainalysis: payments in Singapore using stablecoins reached a record high of almost $1B in Q2, led by transactions at merchant outlets (www.bloomberg.com)
2024-9-11 Singapore

A surge in scams poses a serious image problem for Revolut, which faces more complaints than its large UK rivals about authorized push payment scams (www.bloomberg.com)
2024-9-11

AWS plans to spend £8B in the UK to grow its cloud business, expecting to support up to 14,000 jobs and contribute £14B to the UK GDP between 2024 and 2028 (www.bloomberg.com)
2024-9-11 GDP

NYC-based Versana, a two-year-old platform that allows lenders to access data about $2.7T worth of loans, raised $26M from Barclays, Bank of America, and others (www.bloomberg.com)
2024-9-11 U.S.

Glean, which uses AI to offer unified search across apps used at a company, raised $260M+ at a $4.6B valuation, after raising $200M at a $2.2B valuation in Feb. (www.bloomberg.com)
2024-9-11 AI

South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China (www.bloomberg.com)
2024-9-10 China Korea Samsung

Google loses its bid to reverse a €2.4B EU fine for abusing its monopoly power to crush rival shopping services, as EU's Court of Justice backs a 2017 decision (www.bloomberg.com)
2024-9-10 Google

Sources: Apple will launch Image Playground and Genmoji as part of iOS 18.2; Sonos cuts its plans to build ~1M Ace headphones units per year to ~100K per year (www.bloomberg.com)
2024-9-10 IOS Apple

Audible plans to invite some US-based audiobook narrators to train AI on their voices, to clone the voices for recordings through a royalty-sharing model (www.bloomberg.com)
2024-9-9 AI

Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts (www.bloomberg.com)
2024-9-9 Japan Startup

Sources: Apple will launch Image Playground and Genmoji in iOS 18.2; Sonos cuts its plans to build ~1M units of Ace headphones per year, to ~100K per year (www.bloomberg.com)
2024-9-9 IOS Apple

A profile of Texas-based Tyler Tech, which has become a dominant US local government software provider, despite a history of software flaws and release delays (www.bloomberg.com)
2024-9-8 Texas

Hero Games' Daniel Wu reflects on his studio's 20% stake in Game Science, the creator of China's biggest PC game Black Myth: Wukong, which has sold 18M+ copies (www.bloomberg.com)
2024-9-8 China

Character.AI, Aleph Alpha, and other AI startups that raised hundreds of millions are struggling to compete against better-funded rivals and Big Tech companies (www.bloomberg.com)
2024-9-7 Startup AI

What to expect from Apple's September 9 event: four iPhone 16 models, two AirPods models, Apple Watch Series 10 with a thin body, Apple Intelligence, and more (www.bloomberg.com)
2024-9-7 iPhone Apple Intelligence

Source: TSMC achieved production yields at its Arizona facility on par with established plants in Taiwan and plans to start mass production in Arizona in 2025 (www.bloomberg.com)
2024-9-7 Taiwan

What to expect from Apple's September 9 event: four iPhone 16 models, two new AirPods, Apple Watch Series 10 with an updated look, Apple Intelligence, and more (www.bloomberg.com)
2024-9-6 iPhone Apple Intelligence

Sources: Apple approves a WeChat update for iOS, as talks continue with Tencent to offer IAP and block links to external payment services in mini games (www.bloomberg.com)
2024-9-6 IOS Apple WeChat Tencent

Analysts raise questions over Brazilian digital bank Nubank's rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank's app (www.bloomberg.com)
2024-9-6 Brazil

Sources: Intel is considering selling part of its 88% stake in Mobileye, and is also exploring options for its Network and Edge enterprise networking division (www.bloomberg.com)
2024-9-6 Intel

FCC filing: Larry Ellison will own 77.5% of Paramount Global parent company National Amusements after his son David completes the purchase of Paramount (www.bloomberg.com)
2024-9-6

The US imposes new export controls on critical tech, including quantum computing and semiconductor goods, aligning the US with Japan, Netherlands, other allies (www.bloomberg.com)
2024-9-6 Japan Netherlands Quantum

OpenAI says it now has 1M+ paid users for the corporate versions of ChatGPT, including ChatGPT Team, Enterprise, and Edu (www.bloomberg.com)
2024-9-6

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023 (www.bloomberg.com)
2024-9-5

Germany-based Aleph Alpha, which raised $500M+ in 2023, is pivoting to focus on helping clients use AI tools, instead of trying to outperform OpenAI and others (www.bloomberg.com)
2024-9-5 Germany AI

India and Singapore sign a series of deals to ramp up collaboration in semiconductors and digital technologies, including cybersecurity, 5G, AI, and more (www.bloomberg.com)
2024-9-5 India AI Singapore 5G

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