Articles from www.bloomberg.com

Articles from www.bloomberg.com

KuCoin pleads guilty to having an unlicensed money transmitting business, agreeing to ~$300M in fines and forfeitures, in a case brought by US federal attorneys (www.bloomberg.com)
2025-1-28

Sources: some banks led by Morgan Stanley are in talks to sell up to $3B of senior secured debt tied to Twitter's buyout, boosted by a claim to a ~$6B xAI stake (www.bloomberg.com)
2025-1-28 Morgan Stanley Twitter

DeepSeek shows the complete lack of lock-in that any of these chatbots have, and such a powerful model coming from China may cement “AGI” as a national project (www.bloomberg.com)
2025-1-28 China chatbot

Sources: Mukesh Ambani's Reliance is buying Nvidia's AI chips and plans to build a 3GW data center in Jamnagar, India, set to be the world's largest by capacity (www.bloomberg.com)
2025-1-28 India AI Nvidia

DeepSeek's iOS app tops the App Store's Top Free Apps chart in the US, beating ChatGPT, stirring doubts in Silicon Valley about the strength of the US' AI lead (www.bloomberg.com)
2025-1-28 IOS AI

A profile of French health insurer Alan's CEO Jean Charles Samuelian-Werve, a Mistral board member who claims credit for securing most of Mistral's backers (www.bloomberg.com)
2025-1-27 France

Some Japanese stocks drop amid DeepSeek anxiety; Advantest, an Nvidia supplier of testing equipment, drops 7%+; datacenter cable company Fujikura drops 9%+ (www.bloomberg.com)
2025-1-27 Japan Nvidia

Sources: people affiliated with DOGE have met with representatives of various public blockchains as they explore using a blockchain to track federal spending (www.bloomberg.com)
2025-1-26 Blockchain

Trump's EO to protect the dollar bars any further work on a CBDC and aligns the government's interests with those of stablecoin issuers like Tether and Circle (www.bloomberg.com)
2025-1-25 Trump

Source: Lightspeed has invested a total of $2.2B in AI deals, excluding the $2B Anthropic funding round it's leading and is close to raising a $7B fund (www.bloomberg.com)
2025-1-25 AI

Sources: Apple moved Kim Vorrath, a company veteran known for fixing troubled products, to its AI group to help improve Siri and Apple Intelligence (www.bloomberg.com)
2025-1-25 AI Apple Intelligence

On January 31, the EC will question Meta, X, Snap, Google, TikTok, and LinkedIn on their plans to counter disinformation ahead of elections in Germany (www.bloomberg.com)
2025-1-25 Germany Google LinkedIn

Tesla plans a software update for ~1.2M cars in China, around half its fleet in the country, to address power steering and rear-view camera issues (www.bloomberg.com)
2025-1-24 China Tesla

Texas Instruments reports Q4 revenue down 1.7% YoY to $4.01B, net income down 12% YoY to $1.2B, and projects Q1, 2025 sales between $3.74B and $4.06B (www.bloomberg.com)
2025-1-24 4Q Texas

Sources: Mukesh Ambani's Reliance is buying Nvidia's AI chips and plans to build a 3-gigawatt data center in Jamnagar, India, set to be the largest in the world (www.bloomberg.com)
2025-1-24 India AI Nvidia

Sources: Daniel Guarnera, a DOJ lawyer who helped file US antitrust lawsuits against Google and Apple has been picked to lead the FTC's Bureau of Competition (www.bloomberg.com)
2025-1-24 Google Apple

At Davos, Trump blasts EU for targeting Apple, Google, and Meta, describing regulatory cases as “a form of taxation”, and references Apple's €13B Irish tax bill (www.bloomberg.com)
2025-1-24 Trump Google Tax Apple Davos

Changpeng Zhao announces that Binance's VC arm Binance Labs, which oversees about $10B of crypto-related assets, will become a family office called YZi Labs (www.bloomberg.com)
2025-1-24 Asset

ByteDance board member Bill Ford says ByteDance is exploring alternatives to selling TikTok US, including a change of control to comply with US legislation (www.bloomberg.com)
2025-1-24 Ford

France says David Balland, co-founder of French crypto wallet startup Ledger, was kidnapped on January 21 and freed on January 22 after a police operation (www.bloomberg.com)
2025-1-23 France Startup

In a Fox News interview, Donald Trump downplays TikTok's national security risk, saying China makes smartphones, PCs, and more and “isn't that a bigger threat?” (www.bloomberg.com)
2025-1-23 Trump China Interview

Vitalik Buterin and the Ethereum Foundation back Etherealize, a NYC-based startup to market Ethereum to financial firms, as ether lags behind bitcoin's gains (www.bloomberg.com)
2025-1-23 Bitcoin Startup Ethereum Vitalik Buterin

China and Southeast Asian nations pledge to deal with cybercrime centers, extending efforts that China's Global Times says has led to the arrest of 70K+ people (www.bloomberg.com)
2025-1-23 China Southeast Asia

Sources: India's technology ministry asked Apple, Google, and other smartphone makers to provide Indians direct access to the state-backed GOV.in app store (www.bloomberg.com)
2025-1-23 India Google Apple

Microsoft was mentioned only as a technology partner in Stargate but the company is poised to benefit from the venture by offloading AI computing costs (www.bloomberg.com)
2025-1-23 Microsoft AI

SK Hynix reports Q4 revenue up 75% YoY to a record ~$13.7B, a ~$5.6B net profit, and a ~$5.6B operating profit, in line with estimates, as HBM chip demand soars (www.bloomberg.com)
2025-1-23 4Q

An analysis of two years of episodes by nine prominent podcasters shows how they became mainstream sources for young men and rallied support for Trump's agenda (www.bloomberg.com)
2025-1-23 Trump

Samsung teases the Galaxy S25 Edge; an exec says it aims to sell the ultra-thin phone in the US and other markets by the middle of 2025, priced under $1,300 (www.bloomberg.com)
2025-1-23 Samsung

Samsung banks on a hybrid AI strategy, using Google features backed by Gemini and internally developed AI features for One UI 7, to spur smartphone demand (www.bloomberg.com)
2025-1-23 Google Samsung AI

Samsung's mobile chief TM Roh says Samsung and Google are working on AR glasses, but doesn't provide further details or a launch timeframe (www.bloomberg.com)
2025-1-23 Google Mobile Samsung AR

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