Articles from www.bloomberg.com

Articles from www.bloomberg.com

India's move to ban online real-money games over addiction and money laundering concerns appears valid, but it may push users toward offshore crypto casinos (www.bloomberg.com)
2025-8-23 India Ban

Istanbul-based stock and crypto brokerage Midas raised an $80M Series B led by QED Investors, valuing the company, sources say, at nearly $1B (www.bloomberg.com)
2025-8-23

Sources: Visa shut down its open-banking business in the US amid regulatory uncertainty; the unit provided tools to help fintechs access customer-account data (www.bloomberg.com)
2025-8-23

Pattern, an e-commerce firm that resells goods on online marketplaces, files for a US IPO, reporting net income of $32.1M on revenue of $1.1B for H1 2025 (www.bloomberg.com)
2025-8-23 IPO

Apple sues ex-staffer Chen Shi for allegedly stealing trade secrets to benefit Oppo before leaving Apple in June, claims Oppo knew of and encouraged his actions (www.bloomberg.com)
2025-8-23 Apple OPPO

Australia orders Binance Australia to hire an external auditor within 28 days over “serious concerns” with money laundering and terrorism financing controls (www.bloomberg.com)
2025-8-23 Australia Terrorism

Sources: Apple is in talks with Google about using Gemini to power a revamped Siri; Google has started training a model that could run on Apple's servers (www.bloomberg.com)
2025-8-23 Google Apple

Tesla plans to roll out in-car voice assistant features powered by DeepSeek and ByteDance's Doubao in China; Tesla vehicles in the US use Grok (www.bloomberg.com)
2025-8-23 China Tesla

Chinese stocks rally on August 22, driven by gains in local chipmakers Cambricon and Hygon, after Nvidia reportedly halts the production for its H20 chips (www.bloomberg.com)
2025-8-22 China Nvidia

Sources: Meta has poached Frank Chu, an Apple exec who led AI teams focused on cloud infrastructure, training and search, despite Meta's plans to slow hiring (www.bloomberg.com)
2025-8-22 AI Apple

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing (www.bloomberg.com)
2025-8-22

Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours (www.bloomberg.com)
2025-8-22

Trump signs an EO creating the National Design Studio to improve “websites and physical sites”; sources say he's tapping Airbnb co-founder Joe Gebbia to lead it (www.bloomberg.com)
2025-8-22 Trump Airbnb

a16z hires Anne Neuberger, formerly a senior cybersecurity official in the Biden White House, as a senior adviser to work on “American Dynamism, AI, and cyber” (www.bloomberg.com)
2025-8-22 U.S. AI

Sources: Anthropic is in talks to raise $10B, significantly above the previously reported $5B, due to strong investor demand (www.bloomberg.com)
2025-8-22

Interviews with three Google executives on the new Pixel phones, why Pixel won't ever be a “giant player”, improving the devices by ~30% each year, AI, and more (www.bloomberg.com)
2025-8-22 Google AI

Sources: Take-Two lays off 80 staff at BioShock studio Cloud Chamber, or ~33% of its 250 staff, and delays the next BioShock game to late 2026 or early 2027 (www.bloomberg.com)
2025-8-21

DeepSeek details V3.1 and says it surpasses R1 on key benchmarks and is customized to work with next-gen Chinese-made AI chips, after unveiling it on August 19 (www.bloomberg.com)
2025-8-21 China AI

SpaceX inks Alaska Air deal for Starlink in-flight Wi-Fi; sources say it is courting Middle Eastern airlines in a potential watershed against legacy operators (www.bloomberg.com)
2025-8-21 SpaceX

Analysis: Baidu's stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns (www.bloomberg.com)
2025-8-21 AI

A US judge sentences Noah Urban, a member of Scattered Spider, to 10 years in prison in connection with a string of major hacks and cryptocurrency thefts (www.bloomberg.com)
2025-8-21 Cryptocurrency

Microsoft says it curtailed Chinese companies' access to advance vulnerability notifications via MAPP starting in July, after probing the SharePoint breach (www.bloomberg.com)
2025-8-21 China Microsoft

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)
2025-8-20 Oracle Texas

Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (www.bloomberg.com)
2025-8-20 Intel

Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most (www.bloomberg.com)
2025-8-20 Startup

Canva launches employee stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (www.bloomberg.com)
2025-8-20

Memo: Meta restructures Superintelligence Lab; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (www.bloomberg.com)
2025-8-20

Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (www.bloomberg.com)
2025-8-20 Google

DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese local media blames CEO Liang Wenfeng's perfectionism for R2's delay (www.bloomberg.com)
2025-8-19 China

Xiaomi reports Q2 revenue up 31% YoY to $16.2B, above ~$16B est., and net income up 75.4% to ~$1.6B driven by EV sales, as its smartphone business slows down (www.bloomberg.com)
2025-8-19 Xiaomi

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