Articles from www.bloomberg.com

Articles from www.bloomberg.com

Alibaba says its 2.4T-parameter Qwen3.8-Max tops Moonshot's Kimi K3 on some benchmarks and it plans to release Qwen3.8-Max's and Qwen3.8-27B's weights next week (www.bloomberg.com)
7 days ago Alibaba

SpaceX reports Q2 revenue up 92% YoY to $7.8B, vs. $6.81B est., and an operating loss of $1.26B from its AI business, compared with a $2.39B estimate (www.bloomberg.com)
7 days ago AI SpaceX

The DOJ secures a $3.2M settlement from OpenAI to resolve allegations it discriminated against US workers by preferring workers with temporary employment visas (www.bloomberg.com)
7 days ago

Sources: Polymarket is in early talks with prospective investors to raise ~$1B at a $20B+ valuation, up from $15B in April 2026 and $9B in October 2025 (www.bloomberg.com)
7 days ago

Sources: Anthropic agreed to a $10B deal for computing capacity in Norway from Nvidia-backed AI cloud startup Volta; Volta says the deal runs for six years (www.bloomberg.com)
7 days ago Startup AI Nvidia Norway

AI cloud startup Volta raised $300M co-led by a16z and Altimeter at a $2.4B valuation and says it landed a $10B contract with an unnamed leading AI developer (www.bloomberg.com)
7 days ago Startup AI

Sources: China's CXMT is set to manufacture small quantities of LPDDR6 smartphone memory by the end of 2026, as it seeks to compete with SK Hynix and Samsung (www.bloomberg.com)
7 days ago China Samsung

In a rare interview, Huawei chip scientist Liao Heng warns Western chip companies will eventually face physical chip limits and talks Huawei's Tau Scaling Law (www.bloomberg.com)
7 days ago Interview

Source: Apple passed $10B in annual sales in India for the first time in FY 2026, up from $9B in 2024-25 and $6B in 2022-23, as it expands its retail footprint (www.bloomberg.com)
7 days ago India Retail Apple

Sources: Beijing is growing concerned about the cyber capabilities of Mythos and other US-developed frontier AI models and their potential as offensive weapons (www.bloomberg.com)
7 days ago AI

Amazon becomes the fifth company to reach a $3T market cap, joining Nvidia, Alphabet, Microsoft, and Apple; its stock closed up 4.58% on Monday (www.bloomberg.com)
8 days ago Amazon Microsoft Apple Nvidia Alphabet

Valar, which is making small modular nuclear reactors to power data centers, raised a $1B Series B led by Sequoia at a $6B post-money valuation (www.bloomberg.com)
8 days ago

Sources: South Korean AI chip designer DeepX raised a ~$29M Series D at a ~$2.2B valuation, and is in talks to raise ~$209M at a ~$2.4B valuation by September (www.bloomberg.com)
8 days ago Korea AI

Indeed: UK employers are creating jobs for senior staff in software engineering and IT, where AI enhances the value of experience, while cutting back elsewhere (www.bloomberg.com)
8 days ago AI

Alibaba says its 2.4T-parameter Qwen3.8-Max tops Kimi K3 on some benchmarks, and plans to release the open weights of Qwen3.8-Max and Qwen3.8-27B next week (www.bloomberg.com)
8 days ago Alibaba

Sources detail the troubled development of Tencent's ambitious, GTA-like game Last Sentinel, which has burned hundreds of millions of dollars over six years (www.bloomberg.com)
8 days ago Tencent

Thoughts on Apple Upgrade; sources: MacBook Air is now facing shortages too; Apple wants to turn its future glasses and headsets into health and fitness devices (www.bloomberg.com)
9 days ago Apple MacBook

Cybersecurity experts fault Anthropic and OpenAI for sloppy safeguards and inadequate human oversight after their models broke into outside organizations (www.bloomberg.com)
10 days ago

Amazon shares closed up 15.32% on Friday, the biggest one-day jump since April 2012, after the company reported accelerating AWS revenue (www.bloomberg.com)
11 days ago Amazon

Index Ventures has raised $2B in new capital: a $900M venture vehicle, $400M for seed financing, and an addition of $700M to a 2024 $1.5B growth fund (www.bloomberg.com)
11 days ago

South Korea plans to inject ~$14B into its sovereign wealth fund for strategic investments in AI, data centers, and infrastructure, after a rout in tech stocks (www.bloomberg.com)
11 days ago Korea AI

Sources: Moonshot has a computing power agreement with Alibaba for the use of ~20K Nvidia chips; some say the deal is for H200 chips, which Alibaba denies (www.bloomberg.com)
11 days ago Alibaba Nvidia

Counterpoint: Q2 global smartphone revenue rose 7% YoY, and average device selling price rose 17% to $400; Apple took 49% of global revenue, and Samsung 16% (www.bloomberg.com)
11 days ago Samsung Apple

Chinese state media: Xi Jinping called for more defense applications using autonomous and AI technologies, as he pushes to build an advanced fighting force (www.bloomberg.com)
11 days ago China AI

DeepSeek rolls out the official V4 Flash API in public beta, touting enhanced agent capabilities and benchmark scores “far surpassing” V4 Pro Preview (www.bloomberg.com)
11 days ago

Australia's online safety regulator says social media use among under-16s fell to 81.5% in March 2026, compared to 85.9% before ban took effect in December 2025 (www.bloomberg.com)
11 days ago Australia Ban

Apple forecasts Q4 revenue growth of 9% to 11% YoY, below a 12%+ estimate, citing supply constraints and currency fluctuations; AAPL drops 5%+ after hours (www.bloomberg.com)
11 days ago Apple 4Q

Microsoft's stock closed up 15.5% on Thursday, adding ~$450B to its market capitalization, the largest single-day market value increase in stock market history (www.bloomberg.com)
11 days ago Microsoft Single Market

Sources: DeepSeek plans to build a 1 GW data center in Inner Mongolia and aims to bring at least part of its capacity online by the end of 2027 or early 2028 (www.bloomberg.com)
12 days ago

Source: Situational Awareness' assets have fallen to ~$10B after it liquidated some positions to meet margin calls, down from a reported $20B+ as of late May (www.bloomberg.com)
12 days ago Asset

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