Articles from www.bloomberg.com

Articles from www.bloomberg.com

Uber reports Q2 revenue up 16% YoY to $10.7B, Gross Bookings up 19% YoY to $40B, vs. $39.7B est., Mobility Gross Bookings up 23% YoY to $20.6B, and 7.4M drivers (www.bloomberg.com)
2024-8-6 Uber

The US awards South Korea's SK Hynix an initial $450M in grants and $500M in loans to build an advanced chip packaging facility in Indiana under the CHIPS Act (www.bloomberg.com)
2024-8-6 Korea

Sources: Black Sesame, which designs chips for self-driving systems, priced its Hong Kong IPO at the low end of its marketed range, raising $133M (www.bloomberg.com)
2024-8-6 Hong Kong IPO

Apple's shift to AI could allow it to handle searches via Siri and AI chatbots instead of web browsers, softening the blow from the Google antitrust ruling (www.bloomberg.com)
2024-8-6 Google AI Apple chatbot

US v. Google: a federal judge rules that Google's payments to make its search engine the default on smartphone web browsers violate antitrust law (www.bloomberg.com)
2024-8-6 Google

Palantir raises 2024 revenue guidance to $2.74B-$2.75B and operating income guidance to $966-$974M, vs. $882.9M est., citing AI demand; PLTR up 16%+ after hours (www.bloomberg.com)
2024-8-6 AI

US v. Google: a federal judge rules that Google's payments to make its search engine the default on smartphone web browsers violates antitrust law (www.bloomberg.com)
2024-8-6 Google

The architect of the initial European Commission proposal behind the EU AI Act says its reach ended up being too broad and it may entrench big US tech companies (www.bloomberg.com)
2024-8-6 Europe AI

The UK says “there's no justification” for Elon Musk saying that “civil war is inevitable”, and calls on social media companies to moderate more misinformation (www.bloomberg.com)
2024-8-5 Elon Musk

An interview with Mark Zuckerberg on laughing at the memes about him, rebranding Facebook as Meta, learning from the mobile era, Llama, his hobbies, and more (www.bloomberg.com)
2024-8-5 Facebook Mobile Interview Zuckerberg

Sources: Chinese generative AI startup Moonshot raised $300M+ at a $3.3B valuation from Tencent, Alibaba, and others, after raising $1B in February 2024 (www.bloomberg.com)
2024-8-5 China Alibaba Startup AI Tencent

Infineon reports Q3 revenue down 9.5% YoY to €3.7B, below €3.79B est., and €2.11B in automotive chip sales, down from €2.13B in Q3 2023; IFX is down 24% in 2024 (www.bloomberg.com)
2024-8-5

AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds an Intel executive as COO (www.bloomberg.com)
2024-8-5 Intel Startup AI

CrowdStrike says Delta CEO Ed Bastian failed to respond to an assistance offer from CEO George Kurtz; CrowdStrike hopes Delta will “agree to work cooperatively” (www.bloomberg.com)
2024-8-5

Analysis: the vast majority of damages from July's CrowdStrike global IT outage will go uninsured; CrowdStrike reported nearly 24K enterprise customers in Q1 (www.bloomberg.com)
2024-8-5

Music streaming has exited its high-growth era, as big streaming services pick up fewer new subscribers, causing revenue shortfalls for music labels (www.bloomberg.com)
2024-8-5

A look at the flurry of so-called Zoom rallies supporting the campaign to elect Kamala Harris; one Zoom call reportedly attracted 190K people and raised $4M (www.bloomberg.com)
2024-8-5

Thoughts on first Apple Intelligence beta, which may arrive after the new iPhones launch, Apple's industrial design team leadership reshuffle, and Q3 earnings (www.bloomberg.com)
2024-8-5 Apple Intelligence

A look at Bungie's future after it laid off 220 staffers, as current and former employees say it grew too fast and tried to develop too many projects at once (www.bloomberg.com)
2024-8-4

How AI-formulated bioweapons became a security obsession inside Washington, DC, forcing officials to take tech advances in weaponizing disease seriously (www.bloomberg.com)
2024-8-3 AI

Apple apologizes and pulls an ad set in Thailand after backlash from Thai lawmakers and influencers who deemed its portrayal of the country offensive (www.bloomberg.com)
2024-8-3 Thailand Apple

Sources: Meta is offering Hollywood celebrities millions of dollars for the right to use their voices for AI projects; SAG-AFTRA has agreed to a deal (www.bloomberg.com)
2024-8-3 AI

Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors (www.bloomberg.com)
2024-8-3 Asset

A special committee of 23andMe's board says it's not “prepared to move forward” with CEO Anne Wojcicki's $0.40 per share offer to take the company private (www.bloomberg.com)
2024-8-2

A profile of, and interview with, former OpenAI board member Helen Toner, who is building a reputation in Washington, DC, as a trusted expert on AI (www.bloomberg.com)
2024-8-2 Interview AI

A Holdings Corp., a holding company owned equally by SoftBank and Naver, plans to sell down its stake in LY's ~$1B tender; LY operates Line messaging app (www.bloomberg.com)
2024-8-2

Sources: Apple in recent months has demanded Tencent and ByteDance close loopholes used by their in-app creators to funnel users to external payment systems (www.bloomberg.com)
2024-8-2 Apple Tencent

Protect AI, which develops software to help enterprises secure AI models and applications, raised $60M led by Evolution Equity Partners at a $400M valuation (www.bloomberg.com)
2024-8-2 AI Equity

Roblox reports Q2 revenue up 31% YoY to $894M, bookings up 22% YoY to $995M, a $206M net loss, average DAUs up 21% YoY to 79.5M, projects Q3 bookings above est. (www.bloomberg.com)
2024-8-1

OpenAI tells US lawmakers that it is “dedicated” to “rigorous safety protocols at every stage of our process” and is working with the US AI Safety Institute (www.bloomberg.com)
2024-8-1 AI

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