Articles from www.bloomberg.com

Articles from www.bloomberg.com

Fractal Analytics, which became India's first AI unicorn in 2022, files for an IPO in Mumbai to raise about $560M, and could value the company at over $3.5B (www.bloomberg.com)
9 days ago India IPO AI

CoreWeave Q2: revenue up 207% YoY to $1.21B, vs. $1.08B est., adjusted net loss of $130.8M, vs. $96.3M est., up from $5M in Q2 2024; CRWV drops 8%+ after hours (www.bloomberg.com)
9 days ago

In US court, Terraform Labs co-founder Do Kwon says he will plead guilty to charges of conspiracy and wire fraud under an agreement with prosecutors (www.bloomberg.com)
9 days ago Conspiracy

Indian entrepreneur Bhavin Turakhia partners with GoDaddy to offer enterprises his email service Titan, which costs $2+ per month, aiming for 10M+ users by 2029 (www.bloomberg.com)
10 days ago India Entrepreneur

Sea reports Q2 revenue up 38% YoY to $5.26B, vs. $5B est., a $414M net income, vs. $444M est., Shopee revenue up 34% YoY to $3.8B, driven by commissions and ads (www.bloomberg.com)
10 days ago

Sources: Chinese authorities urge local companies to avoid using less advanced chips, particularly Nvidia's H20, for government or national security work (www.bloomberg.com)
10 days ago China Nvidia

Trump says he met with Lip-Bu Tan and that the Intel CEO will continue talks with his Cabinet members in the coming days, after calling for his resignation (www.bloomberg.com)
10 days ago Trump Intel

SEC filing: crypto exchange Bullish increased the size and price of its US IPO to sell 30M shares for $32 to $33 each, up from 20.3M shares for $28 to $31 each (www.bloomberg.com)
10 days ago IPO

Revel plans to wind down rideshare operations in its home city of New York after four years, pivoting to an EV-charging business that counts Uber as a partner (www.bloomberg.com)
10 days ago Uber New York

Sources: GM plans a renewed push on driverless cars, focused on personal use rather than a robotaxi service, and is trying to bring back some ex-Cruise workers (www.bloomberg.com)
10 days ago Autonomous Car

Trade experts: Nvidia and AMD's deal to export AI chips to China and pay the US 15% of revenue is “unprecedented” and a sign of “a new and dangerous world” (www.bloomberg.com)
11 days ago China AI Nvidia AMD

Malaysian startup Zetrix unveils NurAI, a chatbot for Muslims built using similar techniques to DeepSeek's V3, and plans AI avatars of Islamic scholars (www.bloomberg.com)
11 days ago Startup AI chatbot Malaysia Islam

Sea's Shopee is nearing a $100B market cap after its stock surged 300%+ since early 2024, driven by its in-house, community-based logistics network SPX Express (www.bloomberg.com)
11 days ago Logistics

Wondery's restructure suggests the end of the “Serial” podcasting era and the start of a new one, marked by investment tied to video and the creator economy (www.bloomberg.com)
11 days ago

Bo Hines, the head of the White House Presidential Council of Advisers for Digital Assets, says he is stepping down and returning to the private sector (www.bloomberg.com)
11 days ago Asset

Sources: Apple is testing upgraded App Intents with Uber, Temu, Amazon, YouTube, WhatsApp, and other apps to transform Siri into a true voice-first interface (www.bloomberg.com)
11 days ago Amazon Uber Apple YouTube WhatsApp

Investors are increasingly divesting from companies they fear are at risk of AI disruption, like Wix and Shutterstock, which are down at least 30% in 2025 (www.bloomberg.com)
12 days ago AI

AI startups like Anthropic and OpenAI are ramping up efforts to recruit quant researchers from Wall Street firms, offering competitive pay and benefits (www.bloomberg.com)
12 days ago Startup AI Wall Street

US nuclear, geothermal, and energy storage companies have found a lifeline in the AI data center boom after years of challenges such as high interest rates (www.bloomberg.com)
12 days ago Energy AI Interest Rate

Despite stablecoins reaching $5T in transaction volumes in 2025, their promise of cheaper cross-border payments is hampered by persistent foreign exchange costs (www.bloomberg.com)
13 days ago

The controversy involving Tokyo Electron over alleged TSMC IP theft comes at a low point for the company, after order cancellations and a lull in Chinese demand (www.bloomberg.com)
13 days ago China Tokyo

South Korean AI chip design firm DeepX partners with Baidu on industrial AI projects, as sources say it is preparing to raise a round above its $79M Series C (www.bloomberg.com)
13 days ago Korea AI

Sources: Periodic Labs, which is building AI for material science, is raising $200M led by a16z, valuing the company at $1B before the investment (www.bloomberg.com)
13 days ago AI

Trade Desk shares drop ~38% after the company's latest earnings and projections heightened concerns about its future growth amid Amazon's rising ad-tech threat (www.bloomberg.com)
13 days ago Amazon

Sources: China told local brokers and think tanks to stop promoting stablecoins by publishing research or holding seminars, aiming to prevent market instability (www.bloomberg.com)
14 days ago China

Sources: Tesla is disbanding its Dojo supercomputer team and its leader is leaving, after ~20 team members joined DensityAI, a new data center services startup (www.bloomberg.com)
14 days ago Startup Tesla

Sources: SoftBank purchased Foxconn's EV plant in Ohio for $375M, a move aimed at kickstarting its $500B Stargate data center project with OpenAI and Oracle (www.bloomberg.com)
14 days ago Oracle

As Trump targets Intel CEO Lip-Bu Tan, a look at his VC firm Walden International, which has invested $5B+ in 600+ companies, with 100+ in China including SMIC (www.bloomberg.com)
14 days ago Trump China Intel

Bit Digital-owned AI infrastructure company WhiteFiber closed down 4.59% in its Nasdaq debut, after raising $159.4M in an IPO, valuing the company at $619M (www.bloomberg.com)
14 days ago IPO AI

Sources: Meta picks Pimco and Blue Owl to lead a $29B financing for its Louisiana data center expansion, providing $26B in debt and $3B in equity, respectively (www.bloomberg.com)
14 days ago Equity

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