Articles from www.bloomberg.com

Articles from www.bloomberg.com

Filing: FTC says Jeff Bezos, Andy Jassy, and other Amazon execs used Signal's disappearing messages to conceal evidence in FTC's antitrust case against Amazon (www.bloomberg.com)
2024-4-27 Amazon Jeff Bezos

Sources: Apple has renewed discussions with OpenAI about using its technology to power some features in iOS 18; talks with Google on using Gemini remain ongoing (www.bloomberg.com)
2024-4-27 IOS Google Apple

Alphabet closes above a $2T market cap for the first time; the stock rose 10%, its biggest one-day jump since July 2015, resulting in a valuation of $2.15T (www.bloomberg.com)
2024-4-27 Alphabet

A look at Abu Dhabi-based AI startup G42, as sources say US intelligence officials fixated on CEO Xiao Peng ahead of its China divestment and Microsoft deal (www.bloomberg.com)
2024-4-26 China Microsoft Startup AI Intelligence

TechInsights teardown: Huawei's Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro's Kirin 9000s (www.bloomberg.com)
2024-4-26

In a subpoena, Elon Musk asked Helen Toner to hand over documents about her departure from OpenAI's board and how OpenAI decides when a technology achieves AGI (www.bloomberg.com)
2024-4-26 Elon Musk

Franco-Italian chip company STMicro reports Q1 revenue down 18% YoY to $3.47B, below $3.63B est., and expects Q2 sales down 26% YoY to $3.2B, below $3.79B est. (www.bloomberg.com)
2024-4-25 Italy

Lenovo survey of 750 CIOs: 96% expect increased AI investment in the next 12 months and 42% don't expect to show return on AI investments for the next two years (www.bloomberg.com)
2024-4-25 AI Lenovo

SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022 (www.bloomberg.com)
2024-4-25

US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions (www.bloomberg.com)
2024-4-25

Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees divestiture as a last resort (www.bloomberg.com)
2024-4-24

How Palantir, which doesn't have a traditional salesforce, is using software boot camps to attract customers, hosting an average of about five per day in 2024 (www.bloomberg.com)
2024-4-24 Salesforce

Mobvoi, a Google-backed Chinese smartwatch and AI company, fell as much as 22% in the first day of trading, after raising $41M in its Hong Kong IPO (www.bloomberg.com)
2024-4-24 China Hong Kong Google IPO AI

China approves US listing of self-driving startup Pony.ai, which plans to sell up to 98M shares and list on Nasdaq or NYSE, signaling an ease on the crackdown (www.bloomberg.com)
2024-4-24 China Startup AI

SenseTime's stock rises 30%+ after the company unveiled the latest version of its SenseNova AI model; SenseTime's stock is down 80%+ since its 2021 HK IPO (www.bloomberg.com)
2024-4-24 IPO AI

Xaira Therapeutics, which aims to use AI models to find new drugs to treat diseases, emerged from stealth with $1B in commitments from Sequoia and others (www.bloomberg.com)
2024-4-24 AI

As Congress' TikTok bill moves ahead, lawmakers must show the public on what grounds the government is banning a popular and culturally significant platform (www.bloomberg.com)
2024-4-23

Perplexity AI, which offers an AI chatbot to summarize search results, raised ~$63M led by Daniel Gross at a $1B+ valuation, up from $520M in January 2024 (www.bloomberg.com)
2024-4-23 AI chatbot

Sources: two SEC lawyers resigned after a US federal judge sanctioned and sharply rebuked the SEC for “gross abuse” of power in crypto platform DEBT Box's case (www.bloomberg.com)
2024-4-23

Spotify reports Q1 revenue up 20% YoY to €3.6B, MAUs up 19% YoY to 615M, below 617.9M est., subscribers up 14% YoY to 239M, and a €168M operating income (www.bloomberg.com)
2024-4-23 Spotify

Kaiko: in the past year, Binance's bitcoin trading share outside the US fell from 81.3% to 55.3%, OKX's rose from 3% to 7.3%, and Bybit's rose from 2% to 9.3% (www.bloomberg.com)
2024-4-23 Bitcoin

French electrical equipment maker Legrand agrees to acquire Dutch health software company Enovation from PE firm Main Capital Partners, sources say for €500M+ (www.bloomberg.com)
2024-4-23 France Netherlands

Nominal, which offers tools for data analysis, testing, and more to startups building advanced hardware like drones, emerges from stealth with $27.5M in funding (www.bloomberg.com)
2024-4-23 Startup Drone Data Analysis

UK-based users sue Grindr in the UK, alleging the app shared personal data, including HIV status, with ad companies like Localytics between 2018 to 2020 (www.bloomberg.com)
2024-4-22 HIV

A profile of Aleksanteri Kivimäki, a prolific hacker wunderkind with a mean streak, who stood trial over a ransomware attack on Finnish health provider Vastaamo (www.bloomberg.com)
2024-4-22 Hacker Finland

Japan's FTC says Google blocked Yahoo Japan from accessing targeted ad revenue from mobile searches between 2015 and 2022; Alphabet changed its practices (www.bloomberg.com)
2024-4-22 Japan Google Mobile Yahoo Alphabet

Swedish game developer Embracer Group plans to split itself into three publicly traded companies, focused on tabletop, indie, and AAA; EMBRAC-B.ST jumps 10%+ (www.bloomberg.com)
2024-4-22 Sweden

Memo to its US staff: TikTok vows legal battle if US' divestment bill becomes a law, saying the bill is “a clear violation” of its users' First Amendment rights (www.bloomberg.com)
2024-4-22

Court filing: OpenAI says Elon Musk's claim that the company has abandoned its altruistic principles is “revisionist history” and a bid to boost his AI company (www.bloomberg.com)
2024-4-20 AI Elon Musk

Filing: a group of FTX investors and customers agree to drop their claims against SBF if he cooperates in cases against celebrities and others who pushed FTX (www.bloomberg.com)
2024-4-20

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