Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Meta is set to seal an almost $30B financing package for its Louisiana data center; Meta will retain 20% ownership in the Hyperion data center site (www.bloomberg.com)
9 days ago

Sources: CME Group plans to debut financial contracts tied to sports games and economic indicators by the end of 2025, including through its FanDuel partnership (www.bloomberg.com)
9 days ago

Sources: Apple readies a slimmer M6 MacBook Pro featuring an OLED touch display with a hole-punch design replacing the notch, for late 2026 or early 2027 (www.bloomberg.com)
9 days ago Apple MacBook

Uber plans to launch data labelling tasks in the US for some drivers to earn extra money, appearing under “digital tasks” in the driver app, later this fall (www.bloomberg.com)
9 days ago Uber

TSMC reports Q3 net profit up 39% YoY to $14.8B, above est., and raises its 2025 revenue growth projection to the mid-30% range, signaling strong AI chip demand (www.bloomberg.com)
9 days ago AI

Sources: a ransomware attack is disrupting US state and local borrowers' ability to post debt documents on the $4.3T municipal bond market's MuniOS platform (www.bloomberg.com)
9 days ago

Court hearing: UK prosecutors aim to confiscate ~$6.8B in bitcoin tied to a massive 2017 fraud in China and to pay back Chinese investors that were its victims (www.bloomberg.com)
9 days ago China Bitcoin

Bengaluru-based quick grocery delivery startup Zepto raised $450M from Goodwater, General Catalyst, and others at a $7B valuation, as it prepares for an IPO (www.bloomberg.com)
9 days ago IPO Startup

Japanese chip material maker Tekscend rose 13% on its Tokyo debut after raising $1B in its IPO; Tekscend makes photomasks to transfer tiny circuits onto wafers (www.bloomberg.com)
9 days ago Japan IPO Tokyo

Kraken acquires Small Exchange, a US-licensed futures exchange, from the IG Group, for $32.5M in cash and $67.5M in Kraken parent's Payward stock (www.bloomberg.com)
9 days ago

A look at efforts in Sweden to make its banking systems and payment networks resilient to hybrid warfare attacks; 90% of Sweden's transactions are digital (www.bloomberg.com)
9 days ago Sweden

TSMC reports Q3 net profit up 39% YoY to ~$14.8B, beating est., after previously reporting a 30% rise in revenue, the latest sign of robust spending on AI chips (www.bloomberg.com)
9 days ago AI

Nvidia partners with startup Firmus on Project Southgate, a $2.9B initial undertaking to build renewable energy-powered AI data centers across Australia (www.bloomberg.com)
9 days ago Australia Energy Startup AI Nvidia Renewable

Huawei's key partners SiCarrier and Qiyunfang showcased chipmaking gear and EDA software at a Shenzhen expo; SiCarrier's gear competes with older US products (www.bloomberg.com)
10 days ago Shenzhen

Sources: F5's breach is blamed on China, whose hackers had infiltrated F5's network for at least 12 months using the Brickstorm malware to steal source code (www.bloomberg.com)
10 days ago China

Sources: Apple executive Ke Yang, who was appointed just weeks ago as head of a team developing AI-driven web search for Siri, is leaving for Meta (www.bloomberg.com)
10 days ago AI Apple

David Sacks says Anthropic is running a “regulatory capture strategy based on fear-mongering”, responding to Anthropic co-founder Jack Clark's post on AI policy (www.bloomberg.com)
10 days ago AI

Sources: Chinese state actors compromised UK government servers for at least the last 10 years, routinely accessing low- and medium-level classified information (www.bloomberg.com)
10 days ago China

Sources: Anthropic held early funding talks this month with Abu Dhabi-based MGX, which it considers a prior investor, after closing a $13B Series F in September (www.bloomberg.com)
10 days ago

Sources: Orange is seeking to raise €400M-€500M by selling a stake of as much as 50% in its data center business, including its major facility in Normandy (www.bloomberg.com)
10 days ago

US bank Erebor, founded by Palmer Luckey, Joe Lonsdale, and others, wins conditional OCC approval to offer services to emerging tech companies in crypto and AI (www.bloomberg.com)
10 days ago AI

Meta says it is investing $1.5B+ to set up a 1 GW data center in El Paso, Texas, and expects it come online in 2028 (www.bloomberg.com)
10 days ago Texas

AppLovin shut down Array last quarter, calling it “a test product” that wasn't “economically viable”, after allegations it led to unwanted Android app installs (www.bloomberg.com)
10 days ago Android

ASML CFO Roger Dassen says the company is “well prepared” for China's curbs on exports of rare earths; a source says ASML could face weeks-long shipment delays (www.bloomberg.com)
10 days ago China

SoftBank's $5.4B purchase of ABB's robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era (www.bloomberg.com)
10 days ago Europe AI Robot

ASML reports Q3 net bookings of €5.4B, v. €4.9B est., as the AI spending boom boosts demand for its EUV machines to produce the most sophisticated AI chips (www.bloomberg.com)
11 days ago AI

Sources: Apple plans to build its upcoming indoor security camera, home hub, and tabletop robot in Vietnam as part an effort to lessen its dependence on China (www.bloomberg.com)
11 days ago China Apple Robot Vietnam

Marc Benioff says Salesforce is saving about $100M a year by using AI tools in its customer service operations (www.bloomberg.com)
11 days ago AI Salesforce

Walmart partners with OpenAI to let shoppers browse and purchase its products on ChatGPT, including apparel, entertainment, packaged food, and third-party goods (www.bloomberg.com)
11 days ago Walmart

Sources: the EU considers forcing Chinese companies seeking access to digital markets to hand over tech to European companies if they want to operate locally (www.bloomberg.com)
11 days ago China Europe

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