Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

At Computex, Intel CEO Pat Gelsinger takes a direct shot at Nvidia CEO Jensen Huang's claim that traditional CPUs like Intel's are running out of steam in AI (www.bloomberg.com)
2024-6-4 Intel AI Nvidia

ByteDance hires a new global general counsel, John Rogovin, who spent 12 years as Warner Bros.' top lawyer and worked in the US FCC and DOJ (www.bloomberg.com)
2024-6-4

Antenna: Spotify users are the least likely to cancel among major video or audio streaming services in the US, with a ~2% monthly churn rate, similar to Netflix (www.bloomberg.com)
2024-6-3 Netflix Spotify

Raspberry Pi plans to sell shares at £2.60 to £2.80 each in its London IPO, aiming to raise ~£157M; existing shareholder Arm has agreed to buy $35M of shares (www.bloomberg.com)
2024-6-3 IPO Raspberry Pi London

Monzo reports £880M in FY 2023-24 revenue, up from £355.6M in 2022, a £15.4M pretax profit, up from a £116.3M loss in 2022, 9.7M users, and £11.2B in deposits (www.bloomberg.com)
2024-6-3

A look at OP_CAT, the front-runner in Bitcoin's software upgrade debate that could add new features, from better coin custody to DeFi apps common on ETH and SOL (www.bloomberg.com)
2024-6-3 Bitcoin ETH

Nvidia plans to upgrade its AI accelerators annually, and announces a Blackwell Ultra chip for 2025 and a next-gen Rubin AI platform for 2026 that will use HBM4 (www.bloomberg.com)
2024-6-3 AI Nvidia

What to expect at Computex 2024, where the CEOs of Nvidia, AMD, Intel, Qualcomm, and Arm are all speaking, as AI hardware products like AI PCs take center stage (www.bloomberg.com)
2024-6-1 Intel AI Nvidia AMD

LA-based Webtoon, owned by South Korea's Naver, files for a US IPO; sources: the online comics platform could seek to raise up to $500M at a $3B-$4B valuation (www.bloomberg.com)
2024-6-1 Korea IPO

Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer with an option to purchase an additional $50 million in shares within a year (www.bloomberg.com)
2024-6-1 Bitcoin

How Meta revamped Facebook's feed to show more posts from outside a person's network of friends and family, in a move to fight TikTok and win back younger users (www.bloomberg.com)
2024-5-31 Facebook

Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting a divest-or-ban law (www.bloomberg.com)
2024-5-31 Europe Ban

STMicro announces plans to spend €5B on a chips manufacturing plant in Catania, Italy with the government providing €2B in subsidies under European Chips Act (www.bloomberg.com)
2024-5-31 Europe Italy Manufacturing

Government data: South Korea's chip inventories fell 33.7% YoY in April, largest drop since 2014, underscoring the pace at which demand is outstripping supply (www.bloomberg.com)
2024-5-31 Korea

Sources: Apple plans to overhaul Siri with more advanced AI, a move that will allow Siri to take command of all the features within apps for the first time (www.bloomberg.com)
2024-5-31 AI Apple

Sources: US has delayed license requests from chipmakers for AI accelerator shipments to the Middle East and is worried about the tech getting diverted to China (www.bloomberg.com)
2024-5-31 China AI

Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta account for 30% of the S&P 500 Index, up from ~26% at the start of the year, after a surge driven by Nvidia (www.bloomberg.com)
2024-5-31 Amazon Microsoft Apple Nvidia Alphabet

Elon Musk agrees to testify in the SEC's probe of his 2022 Twitter acquisition, after dropping his plan to appeal a court order that he comply with a subpoena (www.bloomberg.com)
2024-5-31 Twitter Elon Musk

Source: Elon Musk and Donald Trump are discussing crypto policy, as Trump increasingly highlights bitcoin and other digital assets as a way to reach new voters (www.bloomberg.com)
2024-5-31 Trump Bitcoin Elon Musk Asset

Fidelity raised the value of its X position by 4.4% to $5.51M in April; since Elon Musk's October 2022 Twitter takeover, the position has been marked down ~72% (www.bloomberg.com)
2024-5-31 Twitter Elon Musk

The FAA approves Amazon's Prime Air program to fly drones beyond a pilot's line of sight, letting Amazon expand its delivery area in College Station, Texas (www.bloomberg.com)
2024-5-30 Amazon Drone Texas

Meta removed hundreds of Facebook accounts linked to influence campaigns from China, Israel, Iran, and more, some of which used AI to generate disinformation (www.bloomberg.com)
2024-5-30 China Israel Facebook AI Iran

The US Army awards Palantir a $480M contract for work on Maven Smart System, which uses AI and computer vision to help soldiers identify targets, through 2029 (www.bloomberg.com)
2024-5-30 AI

HP reports Q2 revenue down 0.8% YoY to $12.8B, vs. $12.6B est., Personal Systems revenue up 3% to $8.43B, vs. $8.28B est., Printing revenue down 8% to $4.37B (www.bloomberg.com)
2024-5-30

Apple is seeking a senior engineer to help build a TV and sports app for Android, a sign the company is bringing its TV+ service to the rival platform (www.bloomberg.com)
2024-5-30 Android Apple

PayPal adds its PayPal USD stablecoin, launched on Ethereum in August 2023 and issued by Paxos, to Solana; PYUSD currently has a nearly $400M market cap (www.bloomberg.com)
2024-5-30 Ethereum

BlackRock's iShares Bitcoin Trust becomes the largest bitcoin fund, holding $19.68B to surpass Grayscale's $19.65B and Fidelity's $11.1B since its 2024 launch (www.bloomberg.com)
2024-5-29 Bitcoin

Sensor Tower: Tencent's Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China, and 2.6M iOS users downloaded the game in China (www.bloomberg.com)
2024-5-29 IOS China Mobile Tencent Sensor

Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees (www.bloomberg.com)
2024-5-29

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