Articles from www.bloomberg.com

Articles from www.bloomberg.com

Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992 (www.bloomberg.com)
2025-9-28 Oracle

China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross-border payments and blockchain tech (www.bloomberg.com)
2025-9-27 Blockchain China Central Bank Shanghai

Google agrees to guarantee $1.4B of AI computing startup Fluidstack's $3B, 10-year agreement with Cipher Mining and gets the right to buy a 5.4% stake in Cipher (www.bloomberg.com)
2025-9-27 Google Startup AI

Leaked letter: NLRB drops claims against Tim Cook, including that he violated workers' rights with a 2021 email threatening staffers who leak confidential info (www.bloomberg.com)
2025-9-27 Tim Cook

Sources: Kraken is in advanced talks to raise $200M to $300M from a strategic investor at a valuation of ~$20B, after recently raising $500M at a $15B valuation (www.bloomberg.com)
2025-9-27

Sources: Apple has developed an internal ChatGPT-like iPhone app, code-named Veritas, to help test and prepare for a major Siri overhaul next year (www.bloomberg.com)
2025-9-27 iPhone Apple

Uber expects non-restaurant deliveries to hit an annual run rate of $12.5B in gross bookings by the end of 2025, up 25% from the $10B+ rate it shared in May (www.bloomberg.com)
2025-9-27 Uber

Sources: ByteDance is expected to receive ~50% of TikTok US' overall profit despite selling majority ownership to US investors, including a 20% licensing fee (www.bloomberg.com)
2025-9-27

German investigators conduct raids in relation to Northern Data, which is majority-owned by Tether and has been pivoting from crypto mining to AI computing (www.bloomberg.com)
2025-9-26 Germany AI

The Trump administration's $14B valuation of TikTok's US business falls well below previous estimates of around $40B, surprising investors who call it a bargain (www.bloomberg.com)
2025-9-26 Trump

Meta plans to launch paid, ad-free versions of Instagram and Facebook in the UK, each costing £2.99 per month on the web, and £3.99 on iOS and Android (www.bloomberg.com)
2025-9-26 Android IOS Facebook Instagram

Checkout.com announces an employee share buyback at a $12B valuation, up 30% from $9.35B two years ago yet below $40B in 2022, and says an IPO isn't a priority (www.bloomberg.com)
2025-9-26 IPO

OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4 (www.bloomberg.com)
2025-9-26 France 4Q

Google asks SCOTUS to pause a lower court's order requiring a Play Store overhaul set to take effect on October 22, while the company seeks high court review (www.bloomberg.com)
2025-9-26 Google

Sources: EU prepares to issue preliminary findings that Facebook and Instagram lack an adequate “notice and action mechanism” to let users flag illegal posts (www.bloomberg.com)
2025-9-26 Facebook Instagram

CoreWeave expands its data center capacity agreements with OpenAI by $6.5B, bringing their total potential value to $22.4B, to support training of OpenAI models (www.bloomberg.com)
2025-9-26

xAI signed a deal with the GSA to offer Grok to US federal agencies for $0.42 per agency for 18 months, a discount to OpenAI's $1 per year for ChatGPT (www.bloomberg.com)
2025-9-25

SAP, whose cloud sales are set to reach €22B this year, nearly triple 2019 levels, faces competition from other tech giants as it targets AI apps for the future (www.bloomberg.com)
2025-9-25 AI

JPMorgan's recent data access deal with Plaid, if extended to other aggregators, could allow Plaid to use its cost advantage to further consolidate market share (www.bloomberg.com)
2025-9-25 JPMorgan

London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake (www.bloomberg.com)
2025-9-25 Startup Nvidia London

Taiwan suspends chip export controls on South Africa after just two days, signaling discomfort with using the key tech export as a weapon in diplomatic disputes (www.bloomberg.com)
2025-9-25 Taiwan Africa South Africa

Australian lawmakers propose rules to regulate crypto exchanges, allowing the government to slap penalties of 10% of annual turnover on firms that violate rules (www.bloomberg.com)
2025-9-25 Australia

Meta says Instagram has hit 3B monthly users and is changing its home screen to prioritize DMs and Reels; it is testing opening directly into Reels in India (www.bloomberg.com)
2025-9-25 India Instagram

Sources: Intel approached Apple about a potential investment in the chipmaker as part of its turnaround efforts and discussed how to work more closely together (www.bloomberg.com)
2025-9-25 Intel Apple

Canadian PE firm Novacap agrees to acquire Integral Ad Science, which provides digital ad measurement and verification, in a deal valuing IAS at about $1.9B (www.bloomberg.com)
2025-9-25 Canada

OpenAI partners with SAP to launch OpenAI for Germany, bringing its AI tools to Germany's public sector through SAP's Delos Cloud (www.bloomberg.com)
2025-9-25 Germany AI

Waymo launches Waymo for Business, a service targeting employers, universities, and event organizers, available in San Francisco, Los Angeles, and Phoenix (www.bloomberg.com)
2025-9-25 San Francisco

Mark Zuckerberg says Instagram has reached 3B MAUs, and is testing a new home screen navigation bar prioritizing private messaging and Reels (www.bloomberg.com)
2025-9-25 Instagram Zuckerberg

Sources: Oracle seeks to borrow $15B through the US sale of corporate bonds, as it begins to fulfill massive cloud infrastructure deals with OpenAI and others (www.bloomberg.com)
2025-9-24 Oracle

Report: China's market regulator drafts rules to curb “coercive competition” in the online food delivery market, spurring a rally in Meituan and JD.com's shares (www.bloomberg.com)
2025-9-24 China

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