Articles from www.bloomberg.com

Articles from www.bloomberg.com

Accel registers with the US SEC as an investment adviser to tap private markets, joining Sequoia, a16z, Bessemer, and other VC firms that made a similar move (www.bloomberg.com)
2024-10-26

Sources: Apple tested an app to help people with prediabetes manage their food intake and make lifestyle changes, as part of its push into blood-sugar features (www.bloomberg.com)
2024-10-26 Apple

The UK CMA opens a phase one merger probe into chip designer Synopsys' $35B takeover of 3D design software maker Ansys due to competition concerns (www.bloomberg.com)
2024-10-25

A US federal judge allows 150+ cases from school districts against Meta, Google, and Snap alleging their apps contributed to students' mental health crisis (www.bloomberg.com)
2024-10-25 Google

Identity verification service provider Socure agrees to acquire Effectiv, which helps businesses manage fraud prevention tools, for $136M in cash and equity (www.bloomberg.com)
2024-10-25 Equity

Source: TSMC's US division president said during a webinar that production yields in Arizona are 4 percentage points higher than at similar facilities in Taiwan (www.bloomberg.com)
2024-10-25 Taiwan

The UK CMA opens a formal probe into Google's Anthropic partnership, sets a December 19 deadline; Google planned to invest $2B in 2023 and signed a cloud deal (www.bloomberg.com)
2024-10-24 Google

Q&A with Vinod Khosla on Elon Musk, AI, climate tech, Harris and Trump, the US economy, tech regulation, Silicon Valley's Trump supporters, taxation, and more (www.bloomberg.com)
2024-10-24 Trump AI Elon Musk Climate

The EU's Court of Justice sides with Intel over a once-record €1.06B antitrust fine, ruling that regulators failed to prove it gave illegal rebates to PC makers (www.bloomberg.com)
2024-10-24 Intel

Crypto super PAC Fairshake, a rare bipartisan PAC, plans to deploy $40M+ in the final weeks of the 2024 US elections, after already deploying $140M (www.bloomberg.com)
2024-10-24

SK Hynix reports Q3 revenue up 94% YoY to a record ~$12.7B, vs. ~$13.2B expected, and operating profit of ~$5.1B, vs. ~$5B expected, on continued AI chip demand (www.bloomberg.com)
2024-10-24 AI

Roblox plans child-safety reforms, including a new type of account to let parents monitor their child's online activity and friends, starting in November (www.bloomberg.com)
2024-10-24

UK-based Wayve, which develops AI software for vehicles, starts testing its driver-assistance system in San Francisco and opens a new office in California (www.bloomberg.com)
2024-10-24 AI San Francisco California

Sources: Apple nears production of MacBook Airs with M4 for release in early 2025, slightly delays M4 Mac Studio, and plans new entry-level iPads for the spring (www.bloomberg.com)
2024-10-24 Apple MacBook

The US CFPB says Goldman Sachs and Apple will pay $89M following a long-running Apple Card investigation; Goldman must pay $64.8M and Apple must pay $25M (www.bloomberg.com)
2024-10-24 Apple Goldman

Infinitus, which uses AI to automate health care tasks, raised $51.5M led by a16z, a source says at a $600M+ valuation, taking its total funding to $102.9M (www.bloomberg.com)
2024-10-24 AI

China says Tim Cook said Apple would “continue to grow its investments in China” in a meeting with its top tech official, during his second visit in 2024 (www.bloomberg.com)
2024-10-23 China Apple Tim Cook

Source: in mid-October, TSMC halted shipments to a client after it discovered that chips fabricated for that entity had found their way into Huawei products (www.bloomberg.com)
2024-10-23

Nigeria drops charges against Binance executive Tigran Gambaryan, detained since February 2024; sources say the case was discontinued due to his ill health (www.bloomberg.com)
2024-10-23 Nigeria

India's Supreme Court strikes down a tribunal order that let Byju's settle debts with India's cricket board, pushing the edtech startup firmly toward insolvency (www.bloomberg.com)
2024-10-23 India Startup

Texas Instruments says it is nearing recovery after sales fell for the eighth straight quarter in Q3 to $4.15B, down 8.4% YoY, and projects Q4 sales below est. (www.bloomberg.com)
2024-10-23 4Q Texas

In its first annual report, Walmart's PhonePe says FY 2024 revenue grew 74% YoY to ~$602M, net losses dropped 28% YoY to ~$237M, and 200M MAUs as of March 2024 (www.bloomberg.com)
2024-10-23 Walmart

Document: Arm is canceling a license that let Qualcomm use Arm's intellectual property to design chips, escalating the legal dispute between the companies (www.bloomberg.com)
2024-10-23

OpenAI hires Scott Schools, most recently the chief ethics and compliance officer at Uber, as its chief compliance officer (www.bloomberg.com)
2024-10-23 Uber

Source: Polymarket is making new checks to verify that users, especially big spenders, are not US-based; Fredi9999 has bet $18M+ on Republican outcomes so far (www.bloomberg.com)
2024-10-23 Republican

Sources: TechInsights took apart at least one of Huawei's latest AI chips and found an Ascend 910B made by TSMC, which says it stopped Huawei shipments in 2020 (www.bloomberg.com)
2024-10-23 AI

Document: Chinese startup Horizon Robotics, which makes autonomous driving software and hardware, raised $696M in a Hong Kong IPO, before its October 24 listing (www.bloomberg.com)
2024-10-22 China Hong Kong IPO Startup Robot

Sources: Tim Cook helped Nike secure Elliott Hill as CEO in September, and has carved out a role as one of Nike's closest outside advisers during a turnaround (www.bloomberg.com)
2024-10-22 Tim Cook

Zip, which uses AI to help businesses manage buying goods and services, raised $190M led by BOND at a $2.2B valuation, up from $1.5B in May 2023 (www.bloomberg.com)
2024-10-22 AI

Investigation: a Russian espionage and hacking campaign targeted Georgia for years and breached its Foreign Ministry, Finance Ministry, central bank, and more (www.bloomberg.com)
2024-10-21 Russia Central Bank

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