Articles from www.bloomberg.com

Articles from www.bloomberg.com

Dell, HP, and other tech companies are warning of potential memory-chip supply shortages in the coming year due to demand from the buildout of AI infrastructure (www.bloomberg.com)
18 days ago AI

S&P downgrades the ability of Tether's USDT to maintain its peg to the US dollar to “weak”, the lowest rating, citing exposure to high-risk assets such as BTC (www.bloomberg.com)
18 days ago Asset

In an October 7 letter, the Pentagon informed lawmakers that Alibaba, Baidu, and BYD should be added to a list of companies that aid the Chinese military (www.bloomberg.com)
18 days ago China Alibaba Pentagon

The EU says its regulators asked Shein for documents on measures to prevent the exposure of minors to inappropriate content and the circulation of illegal items (www.bloomberg.com)
18 days ago

Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (www.bloomberg.com)
18 days ago Mobile Arabia Saudi Arabia

A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth (www.bloomberg.com)
18 days ago China AI

Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea (www.bloomberg.com)
18 days ago Korea

Counterpoint: Apple is set to overtake Samsung as the world's largest smartphone maker for the first time since 2011, lifted by the success of iPhone 17 models (www.bloomberg.com)
18 days ago iPhone Samsung Apple

Japanese memory chipmaker Kioxia's stock falls 14%+ after a Bain Capital-backed entity sold $2.1B worth of shares at a discount, stoking AI valuation concerns (www.bloomberg.com)
18 days ago Japan AI

Some food bloggers warn Google's AI Overviews and AI food pics are burying their real, tested recipes, setting home cooks up for disaster this Thanksgiving (www.bloomberg.com)
18 days ago Google AI

Pony AI's Hong Kong-listed shares rose 6.7% after it said its Guangzhou operations had broken even per car, as it targets a 3,000+ global robotaxi fleet in 2026 (www.bloomberg.com)
19 days ago Hong Kong AI

HP reports Q4 revenue up 4% YoY to $14.6B, forecasts FY 2026 profit below est., and plans to cut 4,000-6,000 jobs through FY 2028; HPQ drops 5%+ after hours (www.bloomberg.com)
19 days ago 4Q

A US judge rules Kalshi's sports-betting contracts are subject to Nevada Gaming Commission enforcement; Kalshi argues they should be regulated only by the CFTC (www.bloomberg.com)
19 days ago CFTC

TikTok Shop expands into luxury retail, offering items such as Hermes' $11,000 handbags, primarily sold by secondhand resellers using AI to verify authenticity (www.bloomberg.com)
19 days ago Retail AI

TSMC files a trade secret lawsuit against Intel executive Lo Wen-jen, alleging a high likelihood he leaked secrets after a two-decade career at TSMC (www.bloomberg.com)
19 days ago Intel Career

Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending (www.bloomberg.com)
19 days ago China Alibaba

Investors have pulled $3.5B from US-listed bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6B set in February (www.bloomberg.com)
20 days ago Bitcoin ETF

Zoom reports Q3 revenue up 4.4% YoY to $1.23B, vs. $1.21B est., enterprise revenue up 6.1% YoY to $741.4M, and a Q4 revenue forecast above estimates (www.bloomberg.com)
20 days ago 4Q

Sources: Paris-based Pennylane, which makes accounting software, is discussing a $200M investment led by TCV at a $4.25B valuation, up from €2B in April (www.bloomberg.com)
20 days ago Paris

Sources: Apple cut dozens of sales roles to streamline sales to businesses, schools, and governments; Apple says the changes affect “a small number of roles” (www.bloomberg.com)
20 days ago Apple

The US DOD and the intelligence community awarded Enabled Intelligence a seven-year, up to $708M data labeling contract in September, beating out Scale AI (www.bloomberg.com)
20 days ago AI Intelligence

Amazon begins previewing its Amazon Leo satellite internet system for a select group of customers, ahead of a wider public rollout planned for 2026 (www.bloomberg.com)
20 days ago Amazon

Revolut reaches a $75B valuation in its latest share sale led by Coatue, Greenoaks, and others, up from $45B in 2024, making it Europe's most valuable startup (www.bloomberg.com)
20 days ago Europe Startup

Internal documents: Amazon's data center operations total 900+ facilities in 50+ countries, including AWS colocation facilities, higher than commonly understood (www.bloomberg.com)
20 days ago Amazon

Sources: iOS 27 will be a Snow Leopard-style update focused on bug fixes and performance, plus new AI features; the FT's Tim Cook retirement story was premature (www.bloomberg.com)
20 days ago IOS AI Tim Cook

Analysis: as crypto sheds $1T+, the Trump family's fortune has fallen to ~$6.7B from $7.7B in early September; President Trump's TMTG stake fell by ~$800M (www.bloomberg.com)
20 days ago Trump

Model ML, which aims to use AI agents to automate grunt work done by investment bankers like making pitch decks, raised $75M, after raising $12M earlier in 2025 (www.bloomberg.com)
20 days ago AI

Alibaba says its Qwen app drew 10M+ downloads in the week after its relaunch, one of the fastest app adoption rates behind ChatGPT, particularly in China (www.bloomberg.com)
20 days ago China Alibaba

Lenovo CFO Winston Cheng says the PC maker is stockpiling memory and other critical components amid a supply crunch, holding inventories ~50% higher than usual (www.bloomberg.com)
20 days ago Lenovo

Ubisoft says Tencent's €1.16B investment in Vantage Studios, set to reduce its debt, is complete, giving Tencent a 26% stake in Vantage and valuing it at €3.8B (www.bloomberg.com)
20 days ago Tencent

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