Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Apple is working on a foldable device the size of two iPad Pros for 2028, a Magic Mouse revamp, and an AirTag with triple the range of the current one (www.bloomberg.com)
2024-12-16 Apple iPad

Tinder warns of declining to flat direct revenue through 2026, below estimates, and says it plans to prioritize improving its user experience over monetization (www.bloomberg.com)
2024-12-14

Sources: ServiceTitan's IPO brought big windfalls for early investors, including returns of $1B+ for Iconiq Growth and $800M+ for Bessemer Venture Partners (www.bloomberg.com)
2024-12-14 IPO

Sources: Walmart is leading a funding round of $300M+ alongside Ribbit for Walmart's fintech venture, One, giving it a pre-money valuation of $2.5B (www.bloomberg.com)
2024-12-14 Fintech Walmart

Klarna CEO Sebastian Siemiatkowski says Klarna's investment in AI let it stop hiring a year ago and its headcount fell 22% to 3,500, mostly due to attrition (www.bloomberg.com)
2024-12-14 AI

Liquid, which is building “liquid foundation models” inspired by the architecture of worm brains, raised a $250M Series A led by AMD at a $2.3B valuation (www.bloomberg.com)
2024-12-14 AMD

Liquid AI, which is building AI systems powered by liquid neural networks, raised a $250M Series A led by AMD at a $2.3B valuation, following a $46.6M seed (www.bloomberg.com)
2024-12-14 AI AMD

Sources: Apple will begin producing AirPods in India for the first time around Q1, 2025; a Foxconn unit is already making AirPods on a trial basis in Hyderabad (www.bloomberg.com)
2024-12-13 India Apple

Sources: Apple plans to roll out its own Wi-Fi and Bluetooth chip as part of Apple TV and HomePod mini updates in 2025, and in iPhones later in the year (www.bloomberg.com)
2024-12-13 Apple

Hands-on with Samsung's Project Moohan: feels lighter than the Vision Pro, Android XR is highly reminiscent of visionOS, Gemini is the killer app, and more (www.bloomberg.com)
2024-12-13 Android Samsung

Amazon delayed the deployment of Microsoft 365 for its 1.5M employees for a year to resolve security concerns about Microsoft's Midnight Blizzard hack (www.bloomberg.com)
2024-12-13 Amazon Microsoft

Sources: Xiaohongshu, the Instagram-style app popular with younger Chinese users, tells investors it will cross $1B in 2024 profit ahead of a potential IPO (www.bloomberg.com)
2024-12-12 China IPO Instagram

Former Cognizant employees detail how it favored Indian H-1B workers over US staff; internal data from 2013 to 2020: ~66% of US-based employees were from India (www.bloomberg.com)
2024-12-12 India H1B

The US CSRB starts probing the Salt Typhoon hack; CISA says the CSRB's report could come as early as next spring and wouldn't be disrupted by the transition (www.bloomberg.com)
2024-12-12

Sources: Nvidia added ~200 staff to its self-driving R&D team in Beijing and will end the year with ~4,000 staff in China, up from ~3,000 at the start of 2024 (www.bloomberg.com)
2024-12-12 China Nvidia

Binance and Circle partner to promote USDC; Binance plans to list more crypto trading pairs denominated in USDC and hold USDC for its own corporate treasury (www.bloomberg.com)
2024-12-12

Adobe reports Q4 revenue up 11% YoY to $5.61B, vs. $5.54B est., Digital Media revenue up 12%, forecasts FY 2025 revenue below est.; ADBE drops 8%+ after hours (www.bloomberg.com)
2024-12-12 Adobe 4Q

Ayar Labs, which develops optical interconnects, raised a $155M Series D from Advent Global, Light Street, Nvidia, AMD, Intel, and others at a $1B+ valuation (www.bloomberg.com)
2024-12-12 Intel Nvidia AMD

Google releases its new flagship model Gemini 2.0 and plans to test it in search and AI overviews, saying 2.0 makes “it possible to build agents that can think” (www.bloomberg.com)
2024-12-12 Google AI

SCOTUS dismisses Nvidia's appeal over facing a lawsuit alleging it mislead shareholders about its reliance on crypto mining revenue, leaving it to face the suit (www.bloomberg.com)
2024-12-12 Nvidia

TechInsights: Huawei's new Mate 70 Pro Plus uses the same 7nm Kirin 9020 chip produced by SMIC as 2023's Mate 60 Pro, contradicting rumors of a 5nm chip (www.bloomberg.com)
2024-12-12

How Tencent's MoreFun Studios, on the verge of collapse a decade ago, is fueling the company's ambitions to create “evergreen” global gaming franchises (www.bloomberg.com)
2024-12-11 Tencent

German online fashion retailer Zalando agrees to buy About You, a smaller rival, for ~€1.2B, or €6.50 per share, a ~67% premium on December 10's closing price (www.bloomberg.com)
2024-12-11 Germany

TikTok is offering users hundreds of dollars in Shop credits to spend time in the app, invite friends to join, and purchase products, ahead of a possible US ban (www.bloomberg.com)
2024-12-11 Ban

Google's top lobbyist Mark Isakowitz departs to become GOP Senator-elect Dave McCormick's chief of staff, leaving a power vacuum in the company's lobbying team (www.bloomberg.com)
2024-12-11 Google Republican

Amazon plans to test a 15-minute delivery service for items ranging from grocery to household goods in India this month, starting with some areas in Bengaluru (www.bloomberg.com)
2024-12-11 India Amazon

GM says Cruise will exit the robotaxi business, and Cruise and GM's technical teams will be combined to focus on autonomous tech for upcoming GM vehicles (www.bloomberg.com)
2024-12-11

Sources: 2025's Apple Watch Ultra is slated to get satellite connectivity for off-the-grid text messages, and it may also get a blood pressure sensing feature (www.bloomberg.com)
2024-12-11 Apple

AI language learning startup Speak, which focuses on speaking, not gamification, raised $78M led by Accel at a $1B valuation, taking its total funding to $162M (www.bloomberg.com)
2024-12-11 Startup AI

TikTok launches TikTok Shop in Spain, letting creators sell products from beauty to home appliances, the first step of the feature's European rollout (www.bloomberg.com)
2024-12-10 Europe Spain

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