Articles from www.bloomberg.com

Articles from www.bloomberg.com

Singapore-based used car marketplace Carro raised ~$100M in pre-IPO funding at a $1.5B+ valuation and reports its first annual operating profit (www.bloomberg.com)
2024-4-15 IPO Singapore

Bitcoin's next halving, set for around April 20, will cut miners' validating transactions to 450 from 900 now, costing the industry ~$10B in annual revenue (www.bloomberg.com)
2024-4-15 Bitcoin

OpenAI opens an office in Tokyo and taps former president of Amazon Web Services's Japan arm Tadao Nagasaki to lead an enterprise push in the country (www.bloomberg.com)
2024-4-15 Japan Amazon Tokyo

Analysis: software and services companies have almost $30B of debt that's classed as distressed, the most in any industry apart from real estate (www.bloomberg.com)
2024-4-14

A US official says the OFAC is investigating several US and foreign companies for shipments of chips with military applications that ultimately end up in Russia (www.bloomberg.com)
2024-4-13 Russia

A US judge sentences ex-Amazon security engineer Shakeeb Ahmed to three years in prison for stealing $12.3M+ from Nirvana and another crypto exchange in 2022 (www.bloomberg.com)
2024-4-13 Amazon

Chinese-owned Dutch chipmaker Nexperia is investigating a breach in March; report: customer data of companies including Apple, Huawei, and SpaceX was stolen (www.bloomberg.com)
2024-4-13 China Apple Netherlands SpaceX

Adobe used images created by tools like Midjourney and uploaded to its stock marketplace by users, to train Firefly; Adobe says ~5% of images were AI-generated (www.bloomberg.com)
2024-4-13 AI Adobe

Berachain, a bear-themed crypto project building a Layer 1 blockchain, raised a $100M Series B through a SAFT, a simple agreement for future tokens (www.bloomberg.com)
2024-4-13 Blockchain

Sources: Apple readies M4 chips with AI upgrades and “memory improvements”, with plans for new MacBook Pros, Mac minis, and iMacs starting in late 2024 (www.bloomberg.com)
2024-4-12 AI Apple MacBook

UK's CMA raises concerns after finding an “interconnected web” of 90+ AI deals and investments involving Google, Apple, Microsoft, Meta, Amazon, and Nvidia (www.bloomberg.com)
2024-4-12 Google Amazon Microsoft AI Apple Nvidia

Documents: Adobe offers its photographer and artist network $120 for videos of people engaged in everyday actions, or ~$2.62 to ~$7.25 per minute, to train AI (www.bloomberg.com)
2024-4-11 AI Adobe

Saudi Arabia and the UAE, which are vying to become the regional AI superpower, are rushing to build expensive desert data centers to support the technology (www.bloomberg.com)
2024-4-11 AI Arabia Saudi Arabia

The Biden administration announces a $110M US-Japan joint AI research initiative funded by Nvidia, Arm, Amazon, Microsoft, and a group of Japanese companies (www.bloomberg.com)
2024-4-11 Japan Amazon Microsoft AI Nvidia

Sources: Sam Altman met with investors and officials in the UAE this week to push for more infrastructure investment to support the development of AI technology (www.bloomberg.com)
2024-4-11 AI

Sources: SpaceX's accounting is more “art than a science”, often omitting costs of putting Starlink satellites in orbit to make numbers look better to investors (www.bloomberg.com)
2024-4-11 SpaceX

Developer email: Amazon will no longer pay developers to create Alexa apps, and stops offering free AWS credits; developers can still monetize apps via IAPs (www.bloomberg.com)
2024-4-11 Amazon

Ad buyers on Meta's platforms complain of performance issues on its systems in recent months, and say campaign costs are up significantly while returns are down (www.bloomberg.com)
2024-4-11

A US official says SpaceX's Pentagon contract to deploy terminals in Ukraine between June 2023 and May 2024 is worth $23M; the deal may not be renewed (www.bloomberg.com)
2024-4-10 Ukraine Pentagon SpaceX

Sources: ByteDance's EBITDA rose 60% YoY in 2023 to $40B and its sales rose from $80B to $120B, the first time ByteDance surpassed Tencent in revenue and profit (www.bloomberg.com)
2024-4-10 Tencent

TSMC reports Q1 revenue up 16.5% YoY to $18.5B and expects revenue to grow at least 20% in 2024, reversing 2023's slight decline, and budgets capex of $28B-$32B (www.bloomberg.com)
2024-4-10

Sources: Apple assembled $14B of iPhones in India last fiscal year, doubling production YoY, with the company now making as much as 14% of its iPhones in India (www.bloomberg.com)
2024-4-10 India Apple

In a lengthy memo on Alibaba's internal forum, Jack Ma voiced his support for a company undergoing a turbulent restructuring, saying it is now on the right path (www.bloomberg.com)
2024-4-10 Jack Ma Alibaba

In London, Meta execs downplayed the negative impact of AI on elections, touted open-source AI, and confirmed Llama's next version will arrive by next month (www.bloomberg.com)
2024-4-10 AI London

Automattic is buying Beeper, a source says for $125M; Beeper co-founder Eric Migicovsky will become Automattic's head of messaging (www.bloomberg.com)
2024-4-10

Google Cloud CEO Thomas Kurian unveils AI updates: corporate Gemini users can “ground” responses in reliable sources, Search as a Gemini answer source, and more (www.bloomberg.com)
2024-4-9 Google AI

Trump Media & Technology Group's stock slumped 36% since March 26, wiping out $2.8B in market value as retail traders sell; Trump's stake is now worth ~$2.9B (www.bloomberg.com)
2024-4-9 Trump Retail

Sources: Cruise plans to resume its robotaxi service with safety drivers in Phoenix as early as April 9; Cruise says it “had not set a timeline for deployment” (www.bloomberg.com)
2024-4-9

Nielsen data from 2021 to 2023: nine of the ten most-watched streaming programs are reruns, but a majority of the 100 most popular titles are original series (www.bloomberg.com)
2024-4-9

Avraham Eisenberg, a crypto trader the US says stole $110M on the Mango Markets exchange in 2022, begins his trial this week, testing “code is law” claims (www.bloomberg.com)
2024-4-9

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