Articles from www.bloomberg.com

Articles from www.bloomberg.com

Together AI, which provides users access to AI computing, raised $305M co-led by General Catalyst and Saudi Arabia's Prosperity7 at a $3.3B valuation (www.bloomberg.com)
2025-2-21 AI Arabia Saudi Arabia

Meta says Mark Zuckerberg went to the US Capitol on February 19 to lobby Senators on AI and talk about issues like US tech leadership and ending DEI programs (www.bloomberg.com)
2025-2-20 AI Zuckerberg

Alibaba reports Q3 revenue up 8% YoY to ~$38.6B, the fastest growth in over a year and above ~$38B est., and a ~$6.7B net income, as AI boosts its business (www.bloomberg.com)
2025-2-20 Alibaba AI

Palantir's stock fell 10% on February 19 after the WaPo reported US Defense Secretary Pete Hegseth plans to cut military spending; PLTR is up 50%+ in 2025 (www.bloomberg.com)
2025-2-20

Australia eSafety Commissioner study: social media platforms likely have ~1.3M under-13 Australian users, suggesting a lack of preparation for the under-16 ban (www.bloomberg.com)
2025-2-20 Australia Ban

Lenovo reports Q3 revenue up 20% YoY to $18.8B, above est., and net income up 106% YoY to $692.7M, vs. $365M est.; IDC says Lenovo's PC shipments grew 4.8% YoY (www.bloomberg.com)
2025-2-20 Lenovo

TMTG and Rumble sue a Brazilian Supreme Court Justice in Florida for allegedly illegally suppressing the US social media activity of conservative Brazilians (www.bloomberg.com)
2025-2-20 Brazil

Analog Devices, one of the largest analog chip makers, increases its stock buyback program by $10B to $11.5B; sales dropped 23% in 2024 as chip demand slows (www.bloomberg.com)
2025-2-19

How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025 (www.bloomberg.com)
2025-2-19 Trump

Internal documents, emails, and federal data suggest Indian IT giant TCS has used L-1A manager visas in ways that raise concerns about undercutting US workers (www.bloomberg.com)
2025-2-19 India

Some US ByteDance investors argue that they don't need US TikTok for success, as China, which accounts for 80% of ByteDance's revenue, is the real driving force (www.bloomberg.com)
2025-2-19 China

Sources: X is in talks to raise funds at a $44B valuation, matching the price Elon Musk paid for Twitter in 2022 (www.bloomberg.com)
2025-2-19 Twitter Elon Musk

Solana has lost ~25% of its market value, or ~$20B, since February 14 after Argentine President Javier Milei faced scrutiny for promoting Solana memecoin Libra (www.bloomberg.com)
2025-2-19

Sources: Niantic is in talks to sell its games unit to Saudi Arabia-controlled Scopely for ~$3.5B; the deal would include Pokémon Go and other mobile games (www.bloomberg.com)
2025-2-19 Mobile Arabia Saudi Arabia

HP will acquire assets from Humane for $116M; Humane's Ai pin business will be wound down, and Humane's team, including its founders, will join HP (www.bloomberg.com)
2025-2-19 AI Asset

Sources: Silver Lake is in exclusive talks to acquire a majority stake in Intel's Altera unit (www.bloomberg.com)
2025-2-19 Intel Silver

Tel Aviv- and New York-based Blockaid, which offers crypto security tools, raised a $50M Series B led by Ribbit and says it stopped 71M attacks in 2024 (www.bloomberg.com)
2025-2-19 New York

The EU says WhatsApp now faces the DSA's VLOP rules after Meta said on February 14 that Channels had ~46.8M MAUs in the EU in H2 2024, above the 45M threshold (www.bloomberg.com)
2025-2-19 WhatsApp

Cambridge, UK-based Luminance, which uses AI to draft and review legal documents, raised a $75M Series C led by Point72, after a $40M Series B in April 2024 (www.bloomberg.com)
2025-2-18 AI

Baidu reports Q4 revenue down 2% YoY to ~$4.7B, above $4.6B est., and a ~$717M net income, above ~$540M est., as its search and AI businesses face competition (www.bloomberg.com)
2025-2-18 AI 4Q

xAI unveils DeepSearch, a reasoning chatbot that explains its thought process for queries and is capable of doing research, brainstorming, and data analysis (www.bloomberg.com)
2025-2-18 chatbot Data Analysis

Source: Ilya Sutskever's startup Safe Superintelligence is raising $1B+ led by Greenoaks Capital Partners, which plans to invest $500M, at a valuation of $30B+ (www.bloomberg.com)
2025-2-18 Startup

Dream, which offers cybersecurity tools to governments and critical infrastructure firms, raised $100M led by Bain at a $1.1B valuation, up from $190M in 2023 (www.bloomberg.com)
2025-2-18

An analysis of credit and debit card data shows TikTok Shop passed Shein and Temu in US sales in January 2025, growing 153% to Shein's 26% and Temu's 28% (www.bloomberg.com)
2025-2-17

Chinese President Xi meets with Alibaba co-founder Jack Ma, Huawei founder Ren Zhengfei, and more, signaling Beijing's support for the long-marginalized sector (www.bloomberg.com)
2025-2-17 China Jack Ma Alibaba

A look at Apple's and Meta's robotics efforts; sources say Apple is working on a 27" Studio Display successor to launch by 2026 and considering monetizing Maps (www.bloomberg.com)
2025-2-17 Apple Robot

A look at Apple's and Meta's robotics efforts; sources: Apple is working on a 27" Studio Display successor to launch by 2026 and considering Maps monetization (www.bloomberg.com)
2025-2-17 Apple Robot

Meta's Joel Kaplan says Meta “won't shy away” from taking up its case with President Trump if the EU uses its rules to unfairly target Meta's products (www.bloomberg.com)
2025-2-17 Trump

Sources: DOGE is sending termination notices to USDS staff who worked as IT experts for the US government since the Obama era; USDS has been renamed as DOGE (www.bloomberg.com)
2025-2-16

Sources: Apple plans to refresh the Vision Pro with Apple Intelligence, a new Spatial content app, and a revamped guest mode in visionOS 2.4, as early as April (www.bloomberg.com)
2025-2-16 Apple Intelligence

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