Articles from www.bloomberg.com

Articles from www.bloomberg.com

ElevenLabs quietly launches ElevenLabs Reader: AI Audio, its first consumer app to read web pages, PDFs and other documents aloud in 11 different voices (www.bloomberg.com)
2024-5-16 AI

Visa rolls out tech that will allow it to share more data about customers' preferences based on their shopping history with retailers via proprietary “tokens” (www.bloomberg.com)
2024-5-16

AT&T and satellite provider AST SpaceMobile announce an agreement to provide a space-based broadband network direct to cell phones; the deal runs through 2030 (www.bloomberg.com)
2024-5-16 AT&T

Microsoft's carbon emissions grew 29.1% from 2020 to 2023, as its push to be the global leader in AI puts its goal to be carbon negative by 2030 in peril (www.bloomberg.com)
2024-5-16 Microsoft AI

US judge rules Tesla must face claims it misled buyers on self-driving; it's faced accusations since 2016 when it said new cars had “full self-driving” hardware (www.bloomberg.com)
2024-5-16 Tesla

Uber plans to work with local fleets to add US shuttle bus services to and from airports, concert venues, and sports stadiums, for a fraction of UberX's cost (www.bloomberg.com)
2024-5-16 Uber

Humanity Protocol, a blockchain-based identity system that uses scans of people's palms, raised a $30M seed led by Kingsway Capital at a $1B valuation (www.bloomberg.com)
2024-5-15 Blockchain

TSMC SVP Kevin Zhang says ASML's new machines, which cost €350M each, are too expensive, and the A16 node, due in late 2026, won't need to use the new machines (www.bloomberg.com)
2024-5-15

Yemen is holding back repairs on the key AAE-1 internet cable in the Red Sea during a criminal investigation into the cable owners' alleged Houthi militia ties (www.bloomberg.com)
2024-5-15

Raspberry Pi announces plans for a London Stock Exchange IPO; the company was reportedly valued at ~$560M when Arm acquired a minority stake in November 2023 (www.bloomberg.com)
2024-5-15 IPO Raspberry Pi London

USDC issuer Circle, which confidentially filed for a US IPO in January, plans to shift its legal base to the US form Ireland, and may face more onerous taxes (www.bloomberg.com)
2024-5-15 IPO Tax Ireland

Polymarket, a decentralized prediction and betting market with a focus on elections, has raised $70M across two rounds, the most recent led by Founders Fund (www.bloomberg.com)
2024-5-15 Decentralize

Alibaba reports Q4 revenue up 6.6% YoY to ~$30.7B, above $30.4B est., a ~$452M net income, down 86% YoY from ~$3.2B in Q4 2023, and announces a $4B dividend (www.bloomberg.com)
2024-5-14 Alibaba 4Q

Square Enix falls 16%, the biggest decline in 13 years, after President Takashi Kiryu said sales of its big-budget games, exclusive to PlayStation, fell short (www.bloomberg.com)
2024-5-14 Budget

Intel announces another Foundry leadership change, naming Marvell executive Kevin O'Buckley as SVP, replacing longtime executive Stu Pann, in the role a year (www.bloomberg.com)
2024-5-14 Intel

Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization (www.bloomberg.com)
2024-5-14 WeChat Tencent

Video game publishers are facing a wave of lawsuits that accuse the industry of profiting from intentionally promoting mass addiction and causing health issues (www.bloomberg.com)
2024-5-14

Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025 (www.bloomberg.com)
2024-5-14 Taiwan Uber

Chinese lidar maker Hesai sues US DOD for adding it to a list of firms accused of aiding China's military, saying it only serves civilian and commercial market (www.bloomberg.com)
2024-5-14 China

Abu Dhabi's Technology Innovation Institute releases Falcon 2 11B, an open-source LLM to compete with Llama and Gemini that supports five European languages (www.bloomberg.com)
2024-5-13 Europe

The US NHTSA opens an investigation into Amazon's Zoox after two automated SUVs braked unexpectedly, both causing collisions with motorcyclists (www.bloomberg.com)
2024-5-13 Amazon

The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities” (www.bloomberg.com)
2024-5-13

The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments (www.bloomberg.com)
2024-5-13

A look at 01.AI, which is launching Wanzhi, a free generative AI assistant focused on the Chinese market; CEO Kai-Fu Lee says 01.AI is nearing profitability (www.bloomberg.com)
2024-5-13 China AI

Sources: Apple has met with Hollywood talent representatives to propose a new performance-based compensation regime, as Amazon and Netflix work on similar plans (www.bloomberg.com)
2024-5-13 Amazon Apple Netflix

A look at professor-led crypto projects EigenLayer and Babylon, which seek to generate yield from cryptocurrencies, as “professor coins” spur investor interest (www.bloomberg.com)
2024-5-13

A look at the potential successors to Apple's top executives across all of the company's major divisions (www.bloomberg.com)
2024-5-13 Apple

Maryland Apple Store union workers vote to authorize strike over Apple's alleged refusal to fairly bargain; Short Hills NJ store workers vote against unionizing (www.bloomberg.com)
2024-5-12 Apple

Southeast Asia is drawing more investment from Big Tech than ever, as the CEOs of Apple, Microsoft, and Nvidia commit billions of dollars in the region (www.bloomberg.com)
2024-5-11 Microsoft Asia Apple Nvidia Southeast Asia

Sources: Apple is finalizing a deal with OpenAI to use ChatGPT features in iOS 18; talks with Google to license Gemini are ongoing, but no deal has been reached (www.bloomberg.com)
2024-5-11 IOS Google Apple

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