Articles from www.bloomberg.com

Articles from www.bloomberg.com

An in-depth look at India's quick commerce boom, driven by Blinkit, Zepto, and Instamart, which have collectively lost more than $1.4B in the past four years (www.bloomberg.com)
2025-8-28 India

HP reports Q3 revenue up 3.1% YoY to $13.9B, vs. $13.7B est., Personal Systems revenue up 6% to $9.9B, and forecasts Q4 profit above estimates (www.bloomberg.com)
2025-8-28 4Q

CrowdStrike reports Q2 revenue up 21% YoY to $1.17B, above $1.15B est., and forecasts Q3 revenue below estimates; CRWD drops 6%+ after hours (www.bloomberg.com)
2025-8-28

Snowflake reports Q2 product revenue up 32% YoY to $1.09B, above $1.04B est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 11%+ after hours (www.bloomberg.com)
2025-8-28

Sources: cloud startup Vercel is raising hundreds of millions of dollars led by Accel at a valuation of about $9B, up from about $3B in a round last year (www.bloomberg.com)
2025-8-28 Startup

Circana: in July, Sea's Free Fire jumped seven spots to 6th in US mobile game sales, above COD, driven by anime and Netflix tie-ins; US users buy 2M Switch 2s (www.bloomberg.com)
2025-8-28 Mobile Netflix

Meituan reports Q2 revenue up 11.7% YoY to ~$12.8B and net income down 97% YoY to ~$51M, blaming “irrational competition” in the Chinese food delivery market (www.bloomberg.com)
2025-8-27 China

Malaysian chip designer SkyeChip unveils the MARS1000, the country's first edge AI processor, as Malaysia seeks to climb the global semiconductor value chain (www.bloomberg.com)
2025-8-27 AI Malaysia

Chinese AI chip designer Cambricon reports 44-fold revenue growth and a profit of ~$144M in H1 2025, after Beijing encouraged companies to use homegrown tech (www.bloomberg.com)
2025-8-27 China AI

OpenAI plans to update ChatGPT to better respond to mental distress cues, provide parental controls, and bolster safeguards around conversations about suicide (www.bloomberg.com)
2025-8-27

Sources: Microsoft has asked FBI for help tracking pro-Palestinian protests, and flagged internal emails with words like “Gaza”, deleted posts, and fired staff (www.bloomberg.com)
2025-8-27 Microsoft FBI

Trump says Meta plans to spend $50B on its “Hyperion” data center under construction in Louisiana; earlier, Meta said that its investment would exceed $10B (www.bloomberg.com)
2025-8-27 Trump

Sources and docs: Microsoft worked with the FBI to track anti-Israel protests, flagged internal emails with words like “Gaza”, deleted posts, and fired staff (www.bloomberg.com)
2025-8-26 Israel Microsoft FBI

AT&T agrees to buy spectrum licenses from EchoStar for ~$23B in cash, adding 50MHz of low-band and mid-band spectrum, set to close by mid-2026 (www.bloomberg.com)
2025-8-26 AT&T

Yield Sec: illegal gambling operators captured 71% of Europe's online betting and casino market in 2024, or €80.65B, as regulators struggle with crypto casinos (www.bloomberg.com)
2025-8-26 Europe

Stanford researchers: over the past three years, employment has dropped 13% for entry-level workers starting out in fields that are the most exposed to AI (www.bloomberg.com)
2025-8-26 AI

Shopify updated a help page in May to tighten its rules against “hateful content” like racist merchandise, after removing a similar ban in July 2024 (www.bloomberg.com)
2025-8-26 Ban Shopify Racism

So far in 2025, at least 10 biotech companies have pivoted into crypto to boost stock prices, frequently sparking frenzied but short-lived spikes in shares (www.bloomberg.com)
2025-8-26 Biotech

Thoma Bravo buys Verint for $1.23B in a deal valuing the customer service automation software provider at $2B, days after the PE firm bought Dayforce for $12.3B (www.bloomberg.com)
2025-8-26

Saudi Arabia's Humain debuts Humain Chat, a bilingual Arabic-English conversational AI powered by its Allam LLM and designed around Islamic values and heritage (www.bloomberg.com)
2025-8-26 AI Arabia Islam Saudi Arabia

A look at Apple's three-year iPhone redesign plan: an iPhone Air this September, a foldable iPhone with Touch ID in 2026, and a curved-glass “iPhone 20” in 2027 (www.bloomberg.com)
2025-8-25 iPhone Apple

Perplexity launches Comet Plus, a $5/month tier offering curated content, and says it has allocated $42.5M for publishers, which will receive 80% of the revenue (www.bloomberg.com)
2025-8-25

Sensor Tower: in H1 2025, Temu's MAUs in Latin America soared 143% YoY to 105M; Mexico, Chile, and Uruguay are starting to tax low-cost imports (www.bloomberg.com)
2025-8-25 U.S. Mexico Tax Chile Latin America Sensor

Sources: Spotify's difficulties of lining up partnerships have delayed its super premium service, which Spotify has been talking about for a couple of years (www.bloomberg.com)
2025-8-25 Spotify

How Spotify's Discovery Mode has become the new normal in music marketing, five years after its 2020 launch when it faced a backlash and “payola” accusations (www.bloomberg.com)
2025-8-25 Spotify

A look at Apple's three-year iPhone redesign plan, starting with iPhone Air this fall, foldable with Touch ID in 2026, and a curved-glass “iPhone 20” in 2027 (www.bloomberg.com)
2025-8-25 iPhone Apple

The US CFTC staff describe chaos, cutbacks, and an atmosphere of resentment and paranoia as the agency prepares to take on new crypto regulatory duties (www.bloomberg.com)
2025-8-24 CFTC

Sources: Oracle is on the hook for tens of billions to build unprecedentedly large data centers, including $1B+ per year on a gas-powered megasite in West Texas (www.bloomberg.com)
2025-8-24 Oracle Texas

Sources: Foxconn recalled ~300 Chinese engineers from its Indian plant making iPhone parts, replacing them with Taiwanese staff, its second such move in months (www.bloomberg.com)
2025-8-24 China India Taiwan iPhone

How AI is increasingly being used to replace human content moderators, who say that the tech is not yet capable of reliably identifying harmful content (www.bloomberg.com)
2025-8-23 AI

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