Articles from www.bloomberg.com

Articles from www.bloomberg.com

A French AI startup, simply called H and founded by ex-Google DeepMind scientists, raised $220M from Accel and others, and plans a model capable of reasoning (www.bloomberg.com)
2024-5-21 France Google Startup AI

Alibaba slashes prices for its AI services by up to 97%, leading Baidu to offer free Ernie AI-based services; ByteDance priced its services cheaply last week (www.bloomberg.com)
2024-5-21 Alibaba AI

Sources: in the event that China invades Taiwan, ASML and TSMC have ways to disable their sophisticated chipmaking machines; ASML reassured Dutch officials (www.bloomberg.com)
2024-5-21 China Taiwan Netherlands

Sources: Apple files a lawsuit at the EU's General Court to challenge a March 2024 decision to impose a €1.8B fine for thwarting competition in music streaming (www.bloomberg.com)
2024-5-21 Apple

SEC filing: Chicago-based Tempus, which uses AI to process medical data, files for an IPO, reporting a $266M net loss on $532M revenue in 2023 and 2,300 staff (www.bloomberg.com)
2024-5-21 IPO AI

Sources: ByteDance acquires Chinese earphone maker Oladance, founded five years ago, for ~$50M, bringing on board seasoned ex-Bose engineers (www.bloomberg.com)
2024-5-21 China

A profile of Alphabet's moonshot X lab, as it carves out a path in which projects spin off as independent startups, after years of debate and experimentation (www.bloomberg.com)
2024-5-21 Startup Alphabet

Samsung Electronics names Young-Hyun Jun as the head of its semiconductor arm, replacing co-CEO Kye-Hyun Kyung, who will oversee its business planning team (www.bloomberg.com)
2024-5-21 Samsung

Zoom reports Q1 revenue up 3.2% YoY to $1.14B, vs. $1.13B est., enterprise revenue up 5.3% YoY to $665.7M, and a Q2 sales forecast in line with estimates (www.bloomberg.com)
2024-5-21

Sensor Tower: ByteDance's Doubao AI chatbot iOS app had almost 9M downloads this year through April, vs. 8M for Baidu's Ernie Bot; Doubao has 4M+ MAUs in China (www.bloomberg.com)
2024-5-21 IOS China AI chatbot Sensor

AltStore developers detail the significant hurdles facing those looking to open third-party iOS app stores in Europe; AltStore has had 100K+ downloads in the EU (www.bloomberg.com)
2024-5-21 IOS Europe

OpenAI pauses the use of the Sky voice in ChatGPT after users said it sounded too much like Scarlett Johansson, says voice was not chosen to be an “imitation” (www.bloomberg.com)
2024-5-20

A look at Snap's shift towards investing aggressively in AI and AR after revamping its ad business, as it tries to adapt to changing social media habits (www.bloomberg.com)
2024-5-20 AI AR

Memo: Didi co-founder Jean Liu steps down as president and board director, positions she has held since December 2014, and will become a “permanent partner” (www.bloomberg.com)
2024-5-20

Sources: Apple and OpenAI are preparing a major announcement of their partnership at WWDC; the new AirTag with a better chip is scheduled to arrive by mid-2025 (www.bloomberg.com)
2024-5-20 Apple

A US judge approves Genesis Global Capital's Chapter 11 repayment plan to return Bitcoin and other tokens to creditors, defeating a challenge by its parent DCG (www.bloomberg.com)
2024-5-18 Bitcoin

Expedia fires its CTO Rathi Murthy and SVP Sreenivas Rachamadugu due to a “violation of company policy”, days after its annual product and partner conference (www.bloomberg.com)
2024-5-18

Epic v. Apple: Phil Schiller told a US judge that Apple's new 27% fee on purchases made outside its App Store are a good-faith attempt to comply with the law (www.bloomberg.com)
2024-5-18 Apple

Photo editing and sharing app VSCO says it is now profitable, has a user base of 200M worldwide, and has 160K subscribers for its $59.99/year Pro product (www.bloomberg.com)
2024-5-18

Sources: Germany is nearing a decision to strip Huawei and ZTE components from the country's 5G core network by 2026 for national security reasons (www.bloomberg.com)
2024-5-18 Germany 5G

Hong Kong launches a pilot program enabling digital yuan payments through major Chinese banks, first deployment of China's currency beyond the mainland (www.bloomberg.com)
2024-5-17 China Hong Kong

Microsoft partnership with Mistral AI will avoid a UK antitrust probe after the CMA finds Microsoft can't “materially influence” Mistral's commercial policy (www.bloomberg.com)
2024-5-17 Microsoft AI

Prosus and parent group Naspers appoint Fabricio Bloisi as new CEO, replacing interim CEO Ervin Tu; Bloisi, who was the CEO of iFood, will start on July 1 (www.bloomberg.com)
2024-5-17

Sources: Snowflake is in talks to acquire Reka AI, which builds LLMs for businesses, for over $1B; report: Reka was valued at ~$300M in a 2023 funding round (www.bloomberg.com)
2024-5-17 AI

Take-Two announces a fall 2025 release date for Grand Theft Auto VI, and reduces its bookings forecast for FY 2025 from $8B+ to $5.55B+ (www.bloomberg.com)
2024-5-17

Blackstone agrees to buy a majority stake in Israeli enterprise software company Priority Software, which has 17K clients and 500+ staff, at an $800M valuation (www.bloomberg.com)
2024-5-16 Israel

A profile of Noland Arbaugh, who was paralyzed after an accident in mid-2016 and became the first person to receive Neuralink's brain implant in January 2024 (www.bloomberg.com)
2024-5-16

JD.com reports Q1 revenue up 7% YoY to ~$36B, above ~$35.8B est., and net income up 13.9% YoY to ~$984M, after ramping up shopping perks to attract customers (www.bloomberg.com)
2024-5-16

Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est. (www.bloomberg.com)
2024-5-16

Ubisoft falls ~15% after warning that Q1 net bookings will be ~€275M, below €376M est., and reporting a €401M adjusted operating income in FY 2024 (www.bloomberg.com)
2024-5-16

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