Articles from www.bloomberg.com

Articles from www.bloomberg.com

OpenAI, Alphabet, and Perplexity offering free access to their paid tiers in India suggests the country may be the biggest and safest bet for broad AI adoption (www.bloomberg.com)
2025-11-9 India AI Alphabet

Apple Music's growth may be stymied by the lack of a free tier as a funnel; Midia: on a weekly level, 43% of consumers used Spotify and 16% turned to Apple (www.bloomberg.com)
2025-11-8 Apple Spotify

CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week (www.bloomberg.com)
2025-11-8 ETF

A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders (www.bloomberg.com)
2025-11-8 Ethereum

In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure (www.bloomberg.com)
2025-11-8 Trump Tax AI

Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high (www.bloomberg.com)
2025-11-8 Trump

Fastbreak AI, which provides AI-based sports scheduling optimization tools to the NBA, NHL, and others, raised $40M led by Greycroft and GTMfund (www.bloomberg.com)
2025-11-8 AI

Study: Polymarket's trading volume has been artificially inflated by wash trading, accounting for 25% of all buying and selling over the past three years (www.bloomberg.com)
2025-11-8

China is allowing Nexperia to export chips again, according to officials from several auto companies; shares in Wingtech, Nexperia's Chinese parent, surged 10%+ (www.bloomberg.com)
2025-11-7 China

Sources: the Netherlands is prepared to drop the ministerial order that gave it control of Nexperia if China allows exports of its critical chips again (www.bloomberg.com)
2025-11-7 China Netherlands

Take-Two delays the release of GTA VI by six months to November 2026, reports Q2 net bookings up 33% YoY to $1.96B, vs. $1.72B est.; TTWO drops 8%+ after hours (www.bloomberg.com)
2025-11-7

Sam Altman says OpenAI doesn't want government guarantees for data centers and expects to fund investments with revenues hitting “hundreds of billions by 2030” (www.bloomberg.com)
2025-11-7

A US judge sentences Keonne Rodriguez, a co-founder of crypto mixer Samourai Wallet, to five years in prison for helping to launder hundreds of millions (www.bloomberg.com)
2025-11-7

Synchron, whose brain implant is inserted through the circulatory system, avoiding invasive brain surgery, raised a $200M Series D at a nearly $1B valuation (www.bloomberg.com)
2025-11-7

British Airways owner IAG signs a deal with SpaceX's Starlink for Wi-Fi across all five carriers in the airline group, making it available in 500+ aircraft (www.bloomberg.com)
2025-11-7 U.K. SpaceX

SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (www.bloomberg.com)
2025-11-6 SpaceX

Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (www.bloomberg.com)
2025-11-6

Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (www.bloomberg.com)
2025-11-6 AI

Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (www.bloomberg.com)
2025-11-6 AI

Rockstar says it fired dozens of staff last week due to “distributing and discussing confidential information in a public forum”, disputing union allegations (www.bloomberg.com)
2025-11-6

Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (www.bloomberg.com)
2025-11-6 iPhone

Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (www.bloomberg.com)
2025-11-6 China

Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (www.bloomberg.com)
2025-11-6

Shares of Pony.ai and WeRide fell as much as 15% in their Hong Kong trading debut; Pony.ai raised ~$863M in the secondary offering and WeRide raised ~$309M (www.bloomberg.com)
2025-11-6 Hong Kong AI

Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions (www.bloomberg.com)
2025-11-6 China

Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity (www.bloomberg.com)
2025-11-6 Snapchat Equity

Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, vs. $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ after hours (www.bloomberg.com)
2025-11-6

Sources: Apple plans to use a custom 1.2T-parameter Google Gemini model to help power the new Siri next year and will be paying Google ~$1B annually for it (www.bloomberg.com)
2025-11-6 Google Apple

Amazon opens a new 10,000-square-foot automated Whole Foods store in Pennsylvania partly staffed by robots; customers can scan and order items from the aisles (www.bloomberg.com)
2025-11-6 Amazon Robot

Sources: Apple plans to launch a low-cost laptop with an iPhone chip in H1 2026 to rival Chromebooks and entry-level Windows PCs for students and casual users (www.bloomberg.com)
2025-11-6 iPhone Apple

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