Articles from www.bloomberg.com

Articles from www.bloomberg.com

OpenAI hires Sarah Friar, the former CFO of Nextdoor, as its first CFO, and former Instagram and Twitter product chief Kevin Weil as its chief product officer (www.bloomberg.com)
2024-6-11 Instagram Twitter

SCOTUS declines to question the FCC's $8B annual subsidy to help cover telecom costs for poor people and residents of rural area, turning away two appeals (www.bloomberg.com)
2024-6-11

Apple's AI push isn't so much about its current devices, but enabling its next wave of AI-intensive devices that may eventually supplant a smartphone (www.bloomberg.com)
2024-6-10 AI Apple

Sources: Bakkt, Intercontinental Exchange's digital-asset marketplace launched in 2018, explores a sale, after issuing a going concern warning earlier in 2024 (www.bloomberg.com)
2024-6-8 Asset

The US Veterans Affairs' internal survey: fewer than 1 in 5 VA health employees say Oracle Health's products enable them to deliver “high-quality care” (www.bloomberg.com)
2024-6-7 Oracle

What to expect at WWDC 2024: plans to integrate AI into its apps with a new opt-in service called Apple Intelligence, iOS 18, macOS 15, visionOS 2, and more (www.bloomberg.com)
2024-6-7 IOS AI Apple Intelligence

Life360, owner of Bluetooth tracking device brand Tile, held onto its $27 per share offer price on its Nasdaq debut, after raising $155.3M in its US IPO (www.bloomberg.com)
2024-6-7 IPO

The National Samsung Electronics Union, which has ~28,400 workers, goes on a strike for the first time in the company's history for one day over a pay dispute (www.bloomberg.com)
2024-6-7 Samsung

Waystar raised $968M after pricing its IPO at $21.50/share, the middle of a marketed range, giving the health care payments software maker a ~$3.6B market value (www.bloomberg.com)
2024-6-7 IPO

Sources: Apple plans a dedicated Passwords app in iOS 18 and macOS 15, powered by the iCloud Keychain; Apple will let users import passwords from rival services (www.bloomberg.com)
2024-6-7 IOS Apple

Sources: Kraken seeks to raise $100M+ in a pre-IPO round; the crypto exchange's previous attempts to go public were thwarted in part by a dispute with the SEC (www.bloomberg.com)
2024-6-7 IPO

A US federal court finds Mike Lynch not guilty of criminal charges that he duped HP into buying Autonomy for $11B in 2011; he lost a UK civil trial in 2022 (www.bloomberg.com)
2024-6-7

Meta plans WhatsApp features, including an AI-powered assistant for businesses in India and Singapore, and AI tools to create ads in English-speaking markets (www.bloomberg.com)
2024-6-7 India AI WhatsApp Singapore

How Suicide Squad became the biggest video game flop of 2024 so far, including a tumultuous and delayed development; Warner Bros. took a $200M loss on the game (www.bloomberg.com)
2024-6-6

ASML's shares jumped 8.1% on July 5 to reach a €377B market cap, passing fashion conglomerate LVMH for the first time; only Novo Nordisk is worth more in Europe (www.bloomberg.com)
2024-6-6 Europe

eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17 (www.bloomberg.com)
2024-6-6 U.S. eBay

Crypto miners are trying to ride the AI boom by converting data centers to rent out to AI companies or by selling computing power directly to AI clients (www.bloomberg.com)
2024-6-6 AI

Brazil-based Kanastra, which supplies back-office technology for asset-backed securities funds, raised a $21M Series A led by Kaszek, following a $13M seed (www.bloomberg.com)
2024-6-6 Asset Brazil

Paxos International, a UAE-based affiliate of Paxos, launches Lift Dollar, or USDL, a stablecoin pegged to the US dollar that will pay a ~5% yield to holders (www.bloomberg.com)
2024-6-6

The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives (www.bloomberg.com)
2024-6-6 Tax

The UK's Competition Appeal Tribunal rules that a class action lawsuit against Google over allegations of abusing its dominance in digital ads can proceed (www.bloomberg.com)
2024-6-5 Google

Sixteen Republican lawmakers accuse Nigeria of taking Binance executive Tigran Gambaryan “hostage” and urge Biden to help secure his release in a June 4 letter (www.bloomberg.com)
2024-6-5 Republican Nigeria

ASML CFO Roger Dassen says TSMC, Intel, and Samsung will all get its €350M high-NA EUV machines by the end of 2024; the machines can print 8nm lines on chips (www.bloomberg.com)
2024-6-5 Intel Samsung

A look at Apple's OpenAI deal, ahead of WWDC; sources say Apple plans to offer AI features as an opt-in service, and is working on LLM-powered robotic devices (www.bloomberg.com)
2024-6-5 AI Apple Robot

How a series of hacks, starting with BlackCat in June 2023, show the challenges facing the UK's NHS, which employs 1.7M workers and cares for 68M UK residents (www.bloomberg.com)
2024-6-5

Japanese crypto exchange DMM Bitcoin plans to raise ~$321M to buy back bitcoin and make users whole after an “unauthorized outflow” of 4,503 bitcoin on May 31 (www.bloomberg.com)
2024-6-5 Japan Bitcoin

NXP partners with TSMC-backed Vanguard to build a $7.8B chip wafer plant in Singapore, aiming to begin construction in H2 2024 and production in 2027 (www.bloomberg.com)
2024-6-5 Singapore

Twelve Labs, which provides foundational models to help users search and analyze troves of video, raised a $50M Series A co-led by NEA and Nvidia's NVentures (www.bloomberg.com)
2024-6-5 Nvidia

HPE Q2: revenue up 3% YoY to $7.2B, vs. $6.82B est., Server revenue up 18% YoY to $3.87B, helped by availability of Nvidia AI chips; HPE jumps 10%+ after hours (www.bloomberg.com)
2024-6-5 AI Nvidia

Shutterstock CEO Paul Hennessy says the company's licensing business with AI companies made $104M in revenue in 2023 (www.bloomberg.com)
2024-6-4 AI

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