Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

How TikTok is trying to fend off a potential US ban, including through ad campaigns, lobbying, and funding lawsuits by creators (www.bloomberg.com)
2024-7-26 Ban

The Biden administration says Apple agreed to White House's voluntary safeguards for AI, joining the ranks of OpenAI, Amazon, Alphabet, Microsoft, and others (www.bloomberg.com)
2024-7-26 Amazon Microsoft AI Apple Alphabet

As xAI builds a supercomputer in Memphis, many locals are wary of its benefits, and environmental advocates are puzzled over its potential effects (www.bloomberg.com)
2024-7-26

Self-driving startup Applied Intuition raised $300M+ as part of a secondary deal that allowed shareholders and employees to sell shares in the $6B company (www.bloomberg.com)
2024-7-26 Startup

FTC's Lina Khan says open-weights AI models can promote competition and “liberate startups from the arbitrary whims of closed developers and cloud gatekeepers” (www.bloomberg.com)
2024-7-26 Startup AI

Amazon says a judge has dismissed a Washington state case, alleging that Amazon exposed warehouse workers to injuries, for lack of evidence (www.bloomberg.com)
2024-7-26 Amazon

Russia says it will throttle YouTube download speeds on computers by 70% by the end of next week, as “a consequence of the anti-Russian policy of the host” (www.bloomberg.com)
2024-7-26 Russia YouTube

California's Supreme Court upholds Prop 22, allowing Uber, Lyft, DoorDash, and other companies to keep classifying California drivers as independent contractors (www.bloomberg.com)
2024-7-26 Uber California

Google DeepMind rolls out AlphaProof AI model, which specializes in math reasoning, and AlphaGeometry 2, an updated version of a model focused on geometry (www.bloomberg.com)
2024-7-26 Google AI Mathematics

Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba (www.bloomberg.com)
2024-7-25 Alibaba Startup AI Shenzhen Shanghai

STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B (www.bloomberg.com)
2024-7-25

Enterprise financial software company OneStream's shares closed up 34.25% at $26.85 in its Nasdaq debut, giving it a market cap of ~$6.2B, after a ~$490M IPO (www.bloomberg.com)
2024-7-25 IPO

ServiceNow President CJ Desai leaves the company after an internal probe found he violated company policy related to a US contract and an ex-Army CIO's hiring (www.bloomberg.com)
2024-7-25

Meta removes ~63K Instagram accounts used by sextortion scammers in Nigeria, along with ~7,200 Facebook assets, including accounts linked to the Yahoo Boys (www.bloomberg.com)
2024-7-25 Facebook Instagram Nigeria Asset Yahoo

Elon Musk's poll asking if Tesla should invest $5B in xAI ends with 67.9% voting yes, after Musk said on Tesla's earnings call that he supported the idea (www.bloomberg.com)
2024-7-25 Tesla Elon Musk

Around 500 World of Warcraft workers vote to unionize with the CWA, bringing the number of unionized US gaming employees at Microsoft to around 1,750 (www.bloomberg.com)
2024-7-25 Microsoft

IBM reports Q2 revenue up 2% YoY to $15.8B, vs. $15.6B est., and says bookings for AI consulting and software have exceeded $2B since mid-2023, vs. $1B in Q1 (www.bloomberg.com)
2024-7-25 IBM AI

All Raise: ~18% of US VC firms have one or more female partners, double from 2018; PitchBook says female founders secured ~28% of total US deal value in 2023 (www.bloomberg.com)
2024-7-25

Microsoft Copilot customers say the AI assistants are no plug-and-play offering and involve feeding Copilot data; the Copilots excel at distilling information (www.bloomberg.com)
2024-7-25 Microsoft AI

Compliance startup Vanta raised a $150M Series C led by Sequoia Capital at a $2.45B valuation, up from $1.6B in 2022, to accelerate adding AI to its products (www.bloomberg.com)
2024-7-24 Startup AI

LA-based Pearl, an FDA-approved startup that uses AI to assist dentists to make diagnoses, raised a $58M Series B led by Left Lane Capital at a $400M valuation (www.bloomberg.com)
2024-7-24 Startup AI

Google's failed deal with Wiz, and with HubSpot before that, puts Google in an awkward spot to grow Cloud; Wiz staff are likely upset at missing a big payday (www.bloomberg.com)
2024-7-24 Google

French cybersecurity company Exclusive Networks receives a binding buyout proposal from private equity firms CD&R and Permira valuing Exclusive at ~€2.2B (www.bloomberg.com)
2024-7-24 France Equity

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