Articles from www.bloomberg.com

Articles from www.bloomberg.com

A look at Nexus, a Bank for International Settlements-backed project aiming to link domestic smartphone-based payment systems for instant cross-border payments (www.bloomberg.com)
2024-7-15

Tether-backed Northern Data expects sales of €200M-€240M in 2024, up from €77.5M in 2023, on AI demand, as it disputes allegations of misrepresenting finances (www.bloomberg.com)
2024-7-13 AI

Arkham: the German government appears to have sold its last bitcoin on July 12, after authorities seized ~50K bitcoin, worth $2B+, in January 2024 from suspects (www.bloomberg.com)
2024-7-13 Germany Bitcoin

Hashed: 1M+ memecoins have been created on Pump.fun, a platform based on the Solana and Blast blockchains, generating $50M+ in revenue since its January launch (www.bloomberg.com)
2024-7-13

Snowflake confirms that the data breach at AT&T is connected to the hack that has affected other customers, including Ticketmaster and LendingTree (www.bloomberg.com)
2024-7-13 AT&T

Saudi Arabia will host the inaugural Olympic Esports Games in 2025, as part of a newly announced 12-year partnership with the Olympic Committee (www.bloomberg.com)
2024-7-13 Arabia Saudi Arabia

Argentina's Tapi, a payments processor for Latin American consumer platforms like Mercado Pago and crypto exchange Lemon, raised a $22M Series A led by Kaszek (www.bloomberg.com)
2024-7-13 U.S. Latin America

New York-based Standard Bots, which makes AI-powered robotic arms, raised $63M over a series of deals, including a $39M Series B led by General Catalyst (www.bloomberg.com)
2024-7-12 AI Robot New York

After X announced shows with star talent like Paris Hilton and Tucker Carlson, the efforts have fizzled, a source says due to a lack of advertiser interest (www.bloomberg.com)
2024-7-12 Paris

OpenAI creates five levels to track its progress toward AGI: Chatbots, Reasoners, Agents, Innovators, and Organizations, and says it's nearly at level two (www.bloomberg.com)
2024-7-12 chatbot

Chainalysis: more than half of all illicit transaction volume in crypto now winds up on centralized exchanges (www.bloomberg.com)
2024-7-12

Two Republican US House Committee chairs call for an intelligence assessment of Microsoft's deal with Abu Dhabi's G42, including a focus on G42's China ties (www.bloomberg.com)
2024-7-12 China Microsoft Republican Intelligence

UK government data: digital industry job growth grew just 0.3% in 2023, the lowest since a 0.1% decline in 2013, down from 4.1% growth in 2022 and 6.5% in 2021 (www.bloomberg.com)
2024-7-11

Fireworks AI, which helps companies fine-tune and customize AI models, raised $52M led by Sequoia at a $552M valuation, taking its total funding to $77M (www.bloomberg.com)
2024-7-11 AI

IDC estimates that Apple will sell under 500K Vision Pro units in 2024, and the headset's international launch will offset a 75% QoQ drop in US sales in Q3 2024 (www.bloomberg.com)
2024-7-11 Apple

Paris-based Bioptimus releases H-optimus-0, an open source AI model trained on hundreds of millions of images to aid research and diagnoses of diseases (www.bloomberg.com)
2024-7-11 AI Paris

Apple settles with the EU over Apple Pay and avoids the threat of fines by agreeing to open NFC access on iOS to third-party wallets for free for a decade (www.bloomberg.com)
2024-7-11 IOS Apple Apple Pay

Helsing, which offers AI tools for defense, raised €450M led by General Catalyst, a source says at a €4.95B valuation, taking its total funding to €769M (www.bloomberg.com)
2024-7-11 AI

Tencent-backed Shift Up closed up ~18% after raising $320M in its Seoul IPO, the largest South Korean IPO by a gaming company since Krafton raised $3.8B in 2021 (www.bloomberg.com)
2024-7-11 Korea IPO Tencent

A look at the rise in use of the sparkles emoji to market AI products as magic, as some say the imagery distracts from real-world issues the AI industry faces (www.bloomberg.com)
2024-7-11 AI

Nasscom expects India's digital talent gap to widen to ~29% in 2028 and says India needs 1M+ engineers with advanced AI skills and more over the next 2-3 years (www.bloomberg.com)
2024-7-11 India AI

Earned Wealth, which offers wealth management services to medical professionals, raises $200M, and says it has 3,000+ clients and $2B of assets under management (www.bloomberg.com)
2024-7-11 Asset

Sources: Alphabet shelves efforts to acquire HubSpot after the sides failed to reach the point of detailed discussions around due diligence; HUBS plunges 10%+ (www.bloomberg.com)
2024-7-11 Alphabet

OpenAI and Los Alamos National Laboratory announce a partnership to evaluate how multimodal AI models can be used safely by scientists in laboratory settings (www.bloomberg.com)
2024-7-11 AI

Source: Apple aims to ship 90M+ iPhone 16 series devices in 2024, after shipping about 81M iPhone 15s in H2 2023, as it counts on AI services to boost demand (www.bloomberg.com)
2024-7-11 iPhone AI Apple

Germany agrees a compromise proposal to strip Huawei components from the 5G core mobile network by the end of 2026; sources say companies have until 2029 (www.bloomberg.com)
2024-7-11 Germany Mobile 5G

Samsung hikes the Galaxy Z Flip6 and Z Fold6 by $100 to $1,099+ and $1,899, respectively, aiming to reclaim the lead in foldables as Chinese competition mounts (www.bloomberg.com)
2024-7-10 China Samsung

Intuit plans to cut ~10% of its global workforce, or ~1,800 employees, and rehire the same number of staff, primarily in engineering, product, and sales (www.bloomberg.com)
2024-7-10

A US judge rules in favor of X in a lawsuit alleging X owes $500M+ in severance pay to ~6,000 laid-off staff, saying the claims were not covered under ERISA (www.bloomberg.com)
2024-7-10

A look at the rise of algorithmic trading in currency markets: ~50% of hedge funds are using the tech for FX trading in 2024, up from 22% before the pandemic (www.bloomberg.com)
2024-7-10

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