Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
2025-8-9 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)
2025-8-9 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)
2025-8-9 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)
2025-8-9 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)
2025-8-9 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)
2025-8-8 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)
2025-8-8 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)
2025-8-8 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)
2025-8-8 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)
2025-8-8 Equity

Sources: German AI startup n8n is expected to raise hundreds of millions of euros led by Accel at a pre-money valuation of $2.3B, up from ~$350M four months ago (www.bloomberg.com)
2025-8-8 Germany Startup AI

Sources: Tesla is disbanding the Dojo supercomputer team, and its leader is leaving, after ~20 team members joined DensityAI, a new data center services startup (www.bloomberg.com)
2025-8-8 Startup Tesla

Instacart reports Q2 revenue up 11% YoY to $914M, above est., orders up 17% to 82.7M, vs. 80.8M, and Q3 outlook above estimates; CART jumps 7%+ after hours (www.bloomberg.com)
2025-8-8

OpenAI launches a research preview of four preset personalities for ChatGPT users to better tailor their interactions: Cynic, Robot, Listener, and Nerd (www.bloomberg.com)
2025-8-8 Robot

President Trump calls on Intel CEO Lip-Bu Tan to “resign, immediately” and says he is “highly CONFLICTED”, after Sen. Cotton asked Tan about his ties to China (www.bloomberg.com)
2025-8-7 Trump China Intel

DJI, which is facing an end of 2025 deadline to keep its US business alive, says its lobbying efforts are struggling; DJI controls 70%+ of the US drone market (www.bloomberg.com)
2025-8-7 Drone

Tokyo Electron says it fired an employee in Taipei and is cooperating with Taiwan's investigation after Taiwan arrested six people over alleged TSMC IP theft (www.bloomberg.com)
2025-8-7 Taiwan Tokyo

Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt (www.bloomberg.com)
2025-8-7

Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn (www.bloomberg.com)
2025-8-7 Taiwan AI

Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B (www.bloomberg.com)
2025-8-7 SaaS

Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture (www.bloomberg.com)
2025-8-7 China Hong Kong Nvidia

Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (www.bloomberg.com)
2025-8-7 Asia Cambodia

Sources: Apple formed an Answers, Knowledge, and Information team for creating ChatGPT-like search experiences; an iPhone 17 Pro may have been seen in the wild (www.bloomberg.com)
2025-8-7 iPhone Apple

SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (www.bloomberg.com)
2025-8-7 4Q

Asian financial hubs are updating their stablecoin rules and companies like JD.com and Ant Group plan to become issuers, after the US embraces USD stablecoins (www.bloomberg.com)
2025-8-7

Simulated markets study: without explicit instruction, AI trading bots collude to fix prices, hoard profits, and sideline human traders, a regulatory challenge (www.bloomberg.com)
2025-8-7 AI

Xiaomi releases MiDashengLM-7B, an AI voice model based on its foundation voice model deployed in cars and smart home devices, under an Apache 2.0 license (www.bloomberg.com)
2025-8-7 AI Xiaomi

Lyft partners with Baidu to launch autonomous vehicles in Germany and the UK in 2026, pending regulatory approval; Lyft will deploy Baidu's sixth-gen robotaxis (www.bloomberg.com)
2025-8-7 Germany Autonomous Car

Bullish, a digital asset exchange and CoinDesk's owner, plans to sell 20.3M shares at $28 to $31 in a US IPO, raising up to $629.3M at an up to ~$4.2B valuation (www.bloomberg.com)
2025-8-7 IPO Asset

Spotify says it is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific; an example email had a €1/month rise (www.bloomberg.com)
2025-8-7 Europe U.S. Asia Africa Latin America Spotify

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