Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Sources: the US considers unilateral restrictions on China's access to AI memory chips and equipment, to keep Micron, SK Hynix, and Samsung from supplying China (www.bloomberg.com)
2024-8-1 China Samsung AI

Investigation: 2020 to 2023 data shows how thousands of middlemen game the H-1B program and companies that farm out IT workers exploit the US lottery system (www.bloomberg.com)
2024-8-1 H1B

Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes (www.bloomberg.com)
2024-8-1 India Startup

Some UK business leaders and academics worry the UK rejecting a record number of Chinese students due to fears of espionage puts the UK's tech ambitions at risk (www.bloomberg.com)
2024-8-1 China

A look at Baidu's experiment with driverless taxis in Wuhan, which became China's biggest proving ground for Baidu's taxis due to a relaxed regulatory approach (www.bloomberg.com)
2024-8-1 China

In a memo to staff, Samsung's chip business head Jun Young-hyun warns Samsung risks getting into a “vicious cycle” if it doesn't revamp its workplace culture (www.bloomberg.com)
2024-8-1 Samsung

While owning less than 1% of TSMC, the number of retail shareholders hit a new high in 2024, as locals believe TSMC's success helps Taiwan fend off China (www.bloomberg.com)
2024-8-1 China Taiwan Retail

Delivery Hero plans to merge two of its European businesses, Foodora and Yemeksepeti, with its Asian business, Foodpanda, and cut fewer than 200 employees (www.bloomberg.com)
2024-8-1 Europe

Sources: Commerce Department officials inform Applied Materials that the company's planned $4B Silicon Valley R&D facility doesn't qualify for CHIPS Act grants (www.bloomberg.com)
2024-8-1

Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates (www.bloomberg.com)
2024-8-1 4Q

Arm reports Q1 revenue up 39% YoY to $939M vs. $905.4M est., license and other revenue up 72% YoY to $472M, and royalty revenue up 17% YoY to $467M (www.bloomberg.com)
2024-8-1

Milan-based mobile app developer Bending Spoons acquires Dutch file-sharing service WeTransfer, which backed out of an IPO in 2022, without disclosing terms (www.bloomberg.com)
2024-8-1 IPO Mobile Netherlands

Sony signs a deal to be the NFL's official tech and headphones partner, with a new headset in 2025; the NFL also plans to expand the use of Sony's Hawk-Eye tech (www.bloomberg.com)
2024-7-31 Sony

Nvidia shares close down 7% to $103.73, after falling ~23% since July 10, as investors pull back from large tech stocks amid doubts over AI spending paying off (www.bloomberg.com)
2024-7-31 AI Nvidia

Sources: Intel may unveil plans as early as this week to cut thousands of jobs to reduce costs and fund a rebound from an earnings slump and market share losses (www.bloomberg.com)
2024-7-31 Intel

Match Group reports Q2 revenue up 4% YoY to $864M and paying Tinder users down 8% YoY to 9.6M, vs. 9.55M est.; MTCH jumps 7%+ after hours (www.bloomberg.com)
2024-7-31

Scammers are using Meta's copyright protection tools to target Middle East influencers; creators see their Instagram content removed if they don't pay ransoms (www.bloomberg.com)
2024-7-31 Instagram

Sources including frontline health care workers say their testing of Google's AI-powered nurse handoff tool has left questions about its consistency and quality (www.bloomberg.com)
2024-7-31 Google AI

Microsoft calls on US Congress to pass a comprehensive law to crack down on AI deepfakes that aim to interfere in elections or maliciously target people (www.bloomberg.com)
2024-7-31 Microsoft AI

The UK CMA is gathering information from market players to determine whether Google's partnership with Anthropic qualifies as a merger and harms competition (www.bloomberg.com)
2024-7-30 Google

Riyadh- and London-based AI startup Intelmatix raised a $20M Series A led by Shorooq Partners, the largest Series A investment for an AI firm in the MENA region (www.bloomberg.com)
2024-7-30 Startup AI London

Scammers are using Meta's copyright protection tools to target influencers in the Middle East; creators see their content removed from Instagram unless they pay (www.bloomberg.com)
2024-7-30 Instagram

Sources: Samsung is narrowing the gap with rival SK Hynix in high-bandwidth memory chips and anticipates Nvidia's approval for its HBM3E chips by November 2024 (www.bloomberg.com)
2024-7-30 Samsung Nvidia

A look at ByteDance's CapCut, which has 318M+ MAUs outside China, vs. ~97.4M Canva MAUs, and has made $125M so far in 2024 on mobile, per Sensor Tower (www.bloomberg.com)
2024-7-30 China Mobile Sensor

Sources: Apple plans to launch Apple Intelligence by October, missing the September launch of iOS 18; devs will get to test AI features as soon as this week (www.bloomberg.com)
2024-7-29 IOS AI Apple Intelligence

The International Association of Machinists says Apple reached a three-year tentative labor agreement with retail workers at a Towson, Maryland store, a first (www.bloomberg.com)
2024-7-27 Retail Apple

Sources: Honeywell is considering a US IPO of its majority-owned quantum computing firm Quantinuum as soon as 2025, and could seek a valuation of about $10B (www.bloomberg.com)
2024-7-27 IPO Quantum Honeywell

Chinese self-driving startup WeRide files to list on the Nasdaq under the symbol WRD, reporting a loss of $268M on revenue of $55M in 2023 (www.bloomberg.com)
2024-7-27 China Startup

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