Articles from www.bloomberg.com

Articles from www.bloomberg.com

Amazon secures a $17.5B loan from Citigroup and other banks, after selling CA$14B in bonds on Monday, the largest corporate debt offering in Canadian dollars (www.bloomberg.com)
16 days ago Amazon Canada

Sources: Microsoft's Xbox division is planning major layoffs next month and significant budget cuts for marketing and some other areas (www.bloomberg.com)
16 days ago Microsoft Layoffs Budget Xbox

Sources: Sea's Shopee is cutting hundreds of developer jobs globally; the reductions started this week and amount to about 8% of Shopee's developer workforce (www.bloomberg.com)
16 days ago

OpenAI and Visa partner to let AI agents make purchases online after users give their permission and to explore enterprise applications for AI-driven payments (www.bloomberg.com)
16 days ago AI

Interfax: Russia restored access to Roblox after concluding the company had complied with local legal requirements; Russia had banned Roblox in December (www.bloomberg.com)
16 days ago Russia

Dario Amodei says he doesn't know what role Claude played in a missile strike on an Iranian school, and its use in this instance didn't violate Anthropic's ToS (www.bloomberg.com)
16 days ago Iran

Tesla has just 59 vehicles in its robotaxi fleet and is limited to three Texas cities after almost a year, nowhere close to Elon Musk's big promises (www.bloomberg.com)
16 days ago Tesla Elon Musk Texas

Dario Amodei has just one direct report, his COS Avital Balwit; Anthropic's executive team reports to Daniela Amodei, who handles much of day-to-day operations (www.bloomberg.com)
16 days ago

Sources: Saudi Arabia's PIF and the Kuwait Investment Authority have placed share orders between $1B and $5B each for the SpaceX IPO (www.bloomberg.com)
16 days ago IPO Arabia Saudi Arabia SpaceX

Poetic, which aims to use AI to automate tasks like financial compliance, emerges from stealth with $50M in funding from OpenAI and others at a $500M valuation (www.bloomberg.com)
16 days ago AI

Sources: Ant International is considering raising ~$1B at a $10B+ valuation, paving the way for a potential Hong Kong IPO as soon as this year (www.bloomberg.com)
16 days ago Hong Kong IPO

Tata's chairman predicts AI agents will cut half the jobs at Tata Consultancy Services, and says TCS plans to reduce hiring in coming years as it ramps up AI (www.bloomberg.com)
16 days ago AI

The crackdown on online scam centers in Cambodia is leading some gangs to relocate to Sri Lanka, where authorities say they have arrested 1,000+ people in 2026 (www.bloomberg.com)
17 days ago Sri Lanka Cambodia

ASML's stock is up 64% YTD, but trails the broader US chip sector as the industry focuses spending on processes outside of lithography like advanced packaging (www.bloomberg.com)
17 days ago

Nintendo's shares fell as much as 8.2% Wednesday morning in Tokyo after its 2026 Game Showcase came up short on new titles from major franchises such as Mario (www.bloomberg.com)
17 days ago Nintendo Tokyo

Sources: SoftBank's talks with creditors to raise $6B through a margin loan backed by its OpenAI stake have stalled, weeks after it cut its target from $10B (www.bloomberg.com)
17 days ago

CoreWeave founders have sold $2.3B in stock since the company's lockup period expired in August after a March 2025 IPO, reducing their combined holdings by ~25% (www.bloomberg.com)
17 days ago IPO

SF voters reject the Overpaid CEO Act, a union-backed ballot measure to raise taxes on any large business where the CEO earns 100x more than the median employee (www.bloomberg.com)
17 days ago Tax

Sources: India froze Starlink approvals to begin commercial operations due to concerns over the use of its terminals in Iran despite not being licensed there (www.bloomberg.com)
17 days ago India Iran

New York-based Standard Bots, which wants to make AI-powered robotic arms in the US, raised $200M led by General Catalyst and Robostrategy at a $1B valuation (www.bloomberg.com)
17 days ago AI Robot New York

Sources: Taiwan considers restricting AI chip sales to all Chinese customers, rather than only blacklisted entities like Huawei, to align with US measures (www.bloomberg.com)
17 days ago China Taiwan AI

Sources: China is drafting plans to spend $295B over the next five years on building AI data centers, sourcing 80%+ of tech from local suppliers like Huawei (www.bloomberg.com)
17 days ago China AI

IT management platform NinjaOne raised $400M in a secondary share sale at a $12.3B valuation, up from $5B in February 2025, and says its ARR has hit $600M (www.bloomberg.com)
17 days ago

The first developer beta of iOS 27 offers the clearest signs yet of Apple's upcoming foldable iPhone, with references to folding hardware and flexible displays (www.bloomberg.com)
18 days ago IOS iPhone Apple

Indian quick grocery delivery startup Zepto files for an India IPO, planning to raise ~$836M by selling new shares; Zepto was valued at $7B in its last round (www.bloomberg.com)
18 days ago India IPO Startup

The US DOD designates some of China's biggest companies, including Alibaba, BYD, and Baidu, as entities that support the Chinese military (www.bloomberg.com)
18 days ago China Alibaba

FTX co-founder Sam Bankman-Fried formally applies for a presidential pardon; he was sentenced to 25 years in prison in 2024, following the FTX collapse (www.bloomberg.com)
18 days ago

Sources: the US urged NATO allies to channel defense spending toward efforts to replace components from Huawei in their networks and critical infrastructure (www.bloomberg.com)
18 days ago

London-based PhysicsX, which uses AI to design industrial parts like jet engines and semiconductors, raised a $300M Series C led by Temasek at a $2.4B valuation (www.bloomberg.com)
19 days ago AI London

Sources: Spotify has approached concert promoters about licensing music festival livestreams, as it pivots to video to become a one-stop shop for music fans (www.bloomberg.com)
19 days ago Spotify

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