Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after the strategy yielded few hit games and the Chinese market revived (www.bloomberg.com)
2024-8-30 China Japan Tencent

Sources: Intel explores options to cope with historic slump, including a split of its product and foundry units and potentially scrapping some factory projects (www.bloomberg.com)
2024-8-30 Intel

Source: a Brazilian Supreme Court justice blocks Starlink bank accounts in Brazil, to force Elon Musk to pay X's fines; the court has also threatened to block X (www.bloomberg.com)
2024-8-30 Elon Musk Brazil

Sources: Nvidia, Apple, and Microsoft, the three most valuable tech companies, are in talks to join the funding round that would value OpenAI at over $100B (www.bloomberg.com)
2024-8-30 Microsoft Apple Nvidia

Sources: the Netherlands PM Dick Schoof will likely not renew some ASML licenses to service and provide spare parts in China when they expire at the end of 2024 (www.bloomberg.com)
2024-8-29 China Netherlands

The US says OpenAI and Anthropic agreed to let the US AI Safety Institute have early access to major new AI models to evaluate their capabilities and risks (www.bloomberg.com)
2024-8-29 AI

Huawei reports Q2 revenue up 33.7% YoY to ~$33.6B, rising for the sixth straight quarter, and net profit down 18.6% YoY to ~$5B, ahead of the Mate 70's launch (www.bloomberg.com)
2024-8-29

Russians, from Kremlin officials to Putin's harshest critics, see Telegram as a source of both uncensored info, including on Ukraine, and problematic content (www.bloomberg.com)
2024-8-29 Ukraine

Sources: Chris Barrett, a former top executive at Bungie, was fired in March 2024 after being accused by several female employees of inappropriate behavior (www.bloomberg.com)
2024-8-29

Jensen Huang says Nvidia's new Blackwell chips will have “lots and lots of supply”, and the company expects billions of dollars in revenue from the chips in Q4 (www.bloomberg.com)
2024-8-29 4Q Nvidia

HP reports Q3 revenue up 2.4% YoY to $13.5B, vs. $13.4B est., Printing revenue down 3% to $4.14B, and increases its share repurchase authorization to $10B (www.bloomberg.com)
2024-8-29

Pavel Durov is charged in France for alleged complicity in the spread of CSAM and other crimes on Telegram, and allegations he refused to help authorities (www.bloomberg.com)
2024-8-29 France

Google plans to roll out image generation of people to Gemini paid users soon, after suspending the feature in February amid criticism about racial depictions (www.bloomberg.com)
2024-8-29 Google

Super Micro delays filing its annual financial disclosures, a day after short-seller Hindenburg Research alleged “glaring accounting red flags”; SMCI drops 20%+ (www.bloomberg.com)
2024-8-29

Sources: Zurich-based Swiss-Mile, which makes the autonomous Robotic Mule and Robotic Watchdog robots, is close to raising a $20M seed at a $100M+ valuation (www.bloomberg.com)
2024-8-28 Robot Switzerland

Chinese meal delivery giant Meituan reports Q2 revenue up 21% YoY to ~$11.6B, above $11.3B est., as its core business expanded; its stock is up ~25% in 2024 (www.bloomberg.com)
2024-8-28 China

Sources: Apple is laying off ~100 people in its services group in a rare move, impacting Apple Books, News, and other teams, as part of a shift in priorities (www.bloomberg.com)
2024-8-28 Apple

How call centers in the Philippines' vast outsourcing industry are adopting AI tools to assist human operators, in an effort to stay competitive (www.bloomberg.com)
2024-8-28 AI Philippines

Former staff of video games payments company Xsolla say in lawsuits that CEO Aleksandr Agapitov leans heavily on company revenue for his new, flashier lifestyle (www.bloomberg.com)
2024-8-28

Data infrastructure startup Cribl raised $200M led by GV, alongside a $119M secondary offering, at a $3.5B valuation, taking its total funding to $600M (www.bloomberg.com)
2024-8-27 Startup

Klarna reports H1 2024 revenue up 27% YoY to ~$1.3B, a ~$66M adjusted profit, up from a ~$44M loss in H1 2023, and says AI does the job of 700 employees (www.bloomberg.com)
2024-8-27 AI

South Dublin County Council rejects Google's plan to build a 72,400 square meter data center just outside Dublin for failing to meet sustainability requirements (www.bloomberg.com)
2024-8-27 Google

Sony raises the PlayStation 5's price in Japan by 19% to ~$550, citing “the severe external environment, including recent global economic fluctuations” (www.bloomberg.com)
2024-8-27 Japan Sony

A look at “Terrorgram”, a network of far-right Telegram channels posting info on power grid attacks, which the North American Reliability Corp. says have spiked (www.bloomberg.com)
2024-8-27 U.S. Far-right

Sources: Amazon aggregators Branded and Heyday plan to merge; Branded would acquire Heyday in exchange for $521M in equity in a new company to be named Essor (www.bloomberg.com)
2024-8-27 Amazon Equity

French agency OFMIN, established in 2023 to prevent violence against minors, issued the arrest warrant for Pavel Durov, who is a citizen of France and the UAE (www.bloomberg.com)
2024-8-26 France

Chinese-made, Tencent-backed game Black Myth: Wukong sold 10M copies in just 83 hours, one of the fastest game debuts in history, earning an estimated $450M+ (www.bloomberg.com)
2024-8-26 China Tencent

Current and former Nvidia staff say that, despite a 3,776% stock jump since 2019, minting many millionaires, the work hours are still grueling and high-stress (www.bloomberg.com)
2024-8-26 Nvidia

US-listed PDD, which runs Temu and Pinduoduo, reports Q2 revenue up 86% YoY to ~$13.6B, below ~$14B est., and net income up 144% YoY to ~$4.5B, vs. $3.8B est. (www.bloomberg.com)
2024-8-26

The Dutch Data Protection Authority fines Uber a record €290M for failing to abide by European protection standards when sending sensitive driver data to the US (www.bloomberg.com)
2024-8-26 Europe Uber Netherlands

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