Articles from www.bloomberg.com

Articles from www.bloomberg.com

Government data: the value of South Korea's chip shipments reached $13.4B in June, up 51% YoY; exports of display products up 26% YoY and computers up 59% YoY (www.bloomberg.com)
2024-7-1 Korea

BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash (www.bloomberg.com)
2024-7-1

Atos reaches a deal in principle with its creditors that restructures its debt, including injecting €233M in equity, and lets the creditors take control of Atos (www.bloomberg.com)
2024-7-1 Equity

Sources: Apple is actively working to bring the AI features to Vision Pro, rejiggers Vision Pro's retail demos, and starts developing 2025's operating systems (www.bloomberg.com)
2024-7-1 Retail AI Apple

SK Hynix plans to invest ~$75B on chips through 2028, allocating ~80%, or $60B, on manufacturing HBM chips as part of the parent company SK Group's bet on AI (www.bloomberg.com)
2024-6-30 AI Manufacturing

Solera, which offers SaaS tools for integrated vehicle lifecycle and fleet management, files for a US IPO; sources: Solera may seek to raise as much as $1.5B (www.bloomberg.com)
2024-6-30 SaaS IPO

Indonesia's government declines to pay the $8M demanded by LockBit 3.0 for the ransomware attack that affected hundreds of ministries and public institutions (www.bloomberg.com)
2024-6-29 Indonesia

Q&A with Center for AI Safety's Dan Hendrycks about his work on California's AI safety bill, the backlash against the bill, advising xAI on safety, and more (www.bloomberg.com)
2024-6-29 AI California

Source: Microsoft told over a dozen Texas agencies and public universities that their emails were exposed in the Russian hack of Microsoft, disclosed in January (www.bloomberg.com)
2024-6-29 Russia Microsoft Texas

Kleiner Perkins has raised more than $2B for two new funds: $825M for a fund targeting young startups and $1.2B for a later-stage fund (www.bloomberg.com)
2024-6-29 Startup

EQT agrees to sell 70% stake in Idealista to PE firm Cinven in a deal valuing the property classifieds site at €2.9B; EQT bought Idealista for €1.3B in 2020 (www.bloomberg.com)
2024-6-28

Tencent's shares are up 28% so far in 2024 after the strong debut of Dungeon & Fighter Mobile, adding $91B in market value, more than any other Chinese company (www.bloomberg.com)
2024-6-28 China Mobile Tencent

A look at Dubai-based Bybit, whose co-founder says it became the world's second largest crypto exchange by volume partly by serving former FTX users (www.bloomberg.com)
2024-6-28 Dubai

Nokia agrees to acquire Infinera, which provides networking hardware and software to mobile phone operators and others, for $2.3B in a cash-and-stock deal (www.bloomberg.com)
2024-6-28 Mobile Nokia

Naver-owned Webtoon shares closed up 9.5% at $23 in the online comics company's Nasdaq debut, giving it a market value of ~$2.9B, after an IPO that raised $315M (www.bloomberg.com)
2024-6-28 IPO

Clay, which develops AI tools focused on sales and marketing for businesses, raised $46M at a $500M valuation, bringing its total funding to $66M (www.bloomberg.com)
2024-6-28 AI

OpenAI's move to cut off API access to Chinese developers sets the stage for a Chinese industry shakeup and will accentuate the divide between China and the US (www.bloomberg.com)
2024-6-27 China

Top German antitrust official Andreas Mundt says AI is a “first-class fire accelerator” for anticompetitive tactics and “will make all the problems only worse” (www.bloomberg.com)
2024-6-27 Germany AI

Amazon reaches a $2T market valuation for the first time; its shares have whipsawed since the company's Q1 earnings and gained 27% so far this year (www.bloomberg.com)
2024-6-27 Amazon

India sold 141MHz of spectrum for ~$1.3B in an auction, down from $19B in 2022, as the country's three remaining private operators rein in capital spending (www.bloomberg.com)
2024-6-26 India

Kaiko: spot bitcoin ETFs' launch in the US helped Bybit double its market share to 16% in March, crossing Coinbase to become the world's second-largest exchange (www.bloomberg.com)
2024-6-26 Bitcoin ETF Coinbase

Atos says a consortium led by its largest shareholder Onepoint has withdrawn from bail-out talks and that EPEI has expressed interest in restarting discussions (www.bloomberg.com)
2024-6-26

Advantest CEO Douglas Lefever, whose company has a 54% share of the chip testing equipment market, says China will remain an important market despite US curbs (www.bloomberg.com)
2024-6-26 China

Sources: India's Ministry of Corporate Affairs investigation finds Byju's did not commit financial fraud but had compliance lapses that led to mounting losses (www.bloomberg.com)
2024-6-26 India

Sensor Tower: Dungeon & Fighter Mobile generated $270M in Chinese iOS sales in the 30 days after its launch on May 21, marking Tencent's biggest release in 2024 (www.bloomberg.com)
2024-6-26 IOS China Mobile Tencent Sensor

A look at Tencent's removal of hit game Dungeon & Fighter from Android app stores in China, some of which have default sales split of 50% on games revenue (www.bloomberg.com)
2024-6-26 Android China Tencent

OpenAI delays the release of its advanced Voice Mode for ChatGPT by a month to address safety issues and plans to roll out the feature to Plus users in the fall (www.bloomberg.com)
2024-6-26

Sources: Meituan considers raising $1B+ via a bond offering this year as the food delivery and shopping platform seeks to repay some debt and fund its expansion (www.bloomberg.com)
2024-6-25

Sources: Apple rejected overtures by Meta to integrate its Llama chatbot into the iPhone months ago, in part because of Meta's privacy practices (www.bloomberg.com)
2024-6-25 iPhone Apple chatbot

Uber has begun locking NYC drivers out of its app during low demand periods to fight a local rule that requires drivers be paid for idle time between rides (www.bloomberg.com)
2024-6-25 Uber

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