Articles from www.bloomberg.com

Articles from www.bloomberg.com

Quant trading firm XTX, managing $250B+ in daily trades, plans to invest €1B+ on five data centers in Finland to support its growing use of machine learning (www.bloomberg.com)
2025-1-22 Machine Learning Finland

An internal probe into SoftBank-backed eFishery, one of Indonesia's most prominent startups, finds the agritech company allegedly faked most of its 2024 sales (www.bloomberg.com)
2025-1-22 Startup Indonesia

StackBlitz, which offers an AI tool to create websites using text prompts, says it's finalizing raising $83.5M at a $700M valuation, following a $22M Series A (www.bloomberg.com)
2025-1-22 AI

Trump says he would be open to Elon Musk or Larry Ellison purchasing TikTok US as part of a joint venture that would give the US government 50% ownership (www.bloomberg.com)
2025-1-22 Trump Elon Musk

MrBeast joins an investor group led by Employer.com founder Jesse Tinsley in an all-cash bid to acquire TikTok US operations; several groups have shown interest (www.bloomberg.com)
2025-1-22

Netflix reports Q4 revenue of $10.2B, up 16% YoY, an operating income of $2.3B, and 301.6M global subs, adding 18.9M subs, more than doubling Wall St. estimates (www.bloomberg.com)
2025-1-22 Netflix 4Q

Sources: Meta aims to debut glasses with a built-in display and new Oakley-branded smart glasses for athletes in 2025; it has resumed work on watches, earbuds (www.bloomberg.com)
2025-1-22

Grindr unveils new features, including an opt-in AI chat summary, plans to launch six features in 2025, and says 10K users are testing its AI-powered “Wingman” (www.bloomberg.com)
2025-1-22 AI

Meta says it will continue to use its fact checkers outside of the US “for now”, and plans to see how its community notes work in the US before making changes (www.bloomberg.com)
2025-1-21

A 2024 study of 205 randomly chosen Community Notes on X about COVID-19 vaccines found that 97% of the notes were accurate and ~50% cited high-quality sources (www.bloomberg.com)
2025-1-20

Apple is unlikely to acquire Sonos, but Amazon, Spotify, Roku, Samsung and others might consider the idea, with Amazon being the most natural fit (www.bloomberg.com)
2025-1-20 Amazon Samsung Apple Spotify

US officials have struck binding deals for 85% of the CHIPS Act funding; sources: Gina Raimondo said her successor, Howard Lutnick, is committed to the program (www.bloomberg.com)
2025-1-19

Amazon suspends drone deliveries in Texas and Arizona to fix the drones' software after two of its latest models crashed in rainy weather at a testing facility (www.bloomberg.com)
2025-1-18 Amazon Drone Texas

The FTC says Genshin Impact maker Cognosphere will pay $20M to settle claims that it deceived players about the cost of winning prizes and mishandled kids' data (www.bloomberg.com)
2025-1-18

The FTC releases a report saying Microsoft's $13B investment in OpenAI raises concerns that the company could extend its cloud computing dominance into AI (www.bloomberg.com)
2025-1-18 Microsoft AI

SCOTUS upholds the TikTok divest-or-ban law, says free speech rights must yield to concerns that Chinese control of the app creates a national-security risk (www.bloomberg.com)
2025-1-18 China Ban

Sources: Chinese hackers breached US Treasury Secretary Janet Yellen's computer and accessed fewer than 50 unclassified files; two deputies were also hacked (www.bloomberg.com)
2025-1-18 China

Bumble founder Whitney Wolfe Herd will return to the company as CEO in mid-March, replacing current CEO Lidiane Jones, who is departing for “personal reasons” (www.bloomberg.com)
2025-1-18

In a first, Samsung will pay 50%-100% of executive bonuses in stock starting January 2026, linking compensation to share performance amid chipmaking struggles (www.bloomberg.com)
2025-1-17 Samsung

Crypto wallet Phantom raised a $150M Series C co-led by Sequoia Capital and Paradigm at a $3B valuation, more than double its $1.2B valuation in January 2022 (www.bloomberg.com)
2025-1-17

Sources: Trump plans an EO to elevate crypto to a national imperative or priority and create a crypto advisory council to advocate for industry priorities (www.bloomberg.com)
2025-1-17 Trump

Doc: FBI leaders have warned that they believe the hackers who broke into AT&T's system last year stole months of their agents' call and text logs (www.bloomberg.com)
2025-1-17 FBI AT&T

Zhou Chaonan, the chairwoman of data center operator Range Intelligent, has become China's third richest woman after her company's stock rose 105% in 2024 (www.bloomberg.com)
2025-1-17 China

A look at the legal dispute between Walgreens and Cooler Screens, which installed 10,000 smart doors that track shoppers and show ads at Walgreens' US stores (www.bloomberg.com)
2025-1-17

E-commerce marketing startup Rokt agrees a secondary share sale at a $3.5B valuation ahead of a 2026 IPO, and acquires customer data startup mParticle for $300M (www.bloomberg.com)
2025-1-17 IPO Startup

Sources: the biggest shareholders of viral app Xiaohongshu, or RedNote, are in talks to sell part of their holdings at a valuation of at least $20B (www.bloomberg.com)
2025-1-17

Sources: Nothing seeks to raise at least $100M in its Series C; it crossed $1B in lifetime sales, sold 7M devices to date, and doubled revenue to $500M+ in 2024 (www.bloomberg.com)
2025-1-16

Germany-based Neura Robotics, which is building cognitive, humanoid robots for logistics and other sectors, raised a €120M Series B led by Lingotto Investment (www.bloomberg.com)
2025-1-16 Germany Robot Logistics

TSMC reports Q4 sales up 38.8% YoY to ~$26.38B, net income up 57% YoY to ~$11.4B, both above estimates; stock jumped 80%+ in 2024, its biggest gain since 1999 (www.bloomberg.com)
2025-1-16 4Q

India has deployed AI and other tech at the Maha Kumbh Mela in Prayagraj to ensure the safety of ~450M pilgrims and trace missing people during the festival (www.bloomberg.com)
2025-1-16 India AI

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