Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: the hackers behind the February data breach of drug distributor Cencora received a record ransom of $75M through three bitcoin installments in March (www.bloomberg.com)
2024-9-19 Bitcoin

TechInsights: China's YMTC upgraded its “Xtacking” tech, which stacks memory cells in layers, to rival NAND industry leaders, but significant challenges remain (www.bloomberg.com)
2024-9-18 China

India, which has set aside $11B for its semiconductor mission, is obsessing over self-reliance instead of focusing on areas that can be scaled up quickly (www.bloomberg.com)
2024-9-18 India

Lenovo says the company has started building AI servers in Pondicherry in southeastern India, moving beyond products such as laptops and smartphones (www.bloomberg.com)
2024-9-18 India AI Lenovo

GoTo signs a five-year cloud infrastructure deal with Alibaba, which has agreed to not sell down its 7.5% stake in GoTo any further for the duration of the deal (www.bloomberg.com)
2024-9-18 Alibaba

California Gov. Gavin Newsom says he is concerned about the potential “chilling effect” of AI safety bill SB 1047, which awaits his signature, on AI development (www.bloomberg.com)
2024-9-18 AI California

The Pentagon will award $269M to 33 chip research projects across the US via Chips Act funding to bolster semiconductor efforts for the military (www.bloomberg.com)
2024-9-18 Pentagon

Pew survey: 17% of US adults say they regularly get news on TikTok in 2024, up from 14% in 2023 and 3% in 2020; 39% aged 18 to 29 do so, up from 32% a year ago (www.bloomberg.com)
2024-9-18

The EU picks veteran Finnish lawmaker Henna Virkkunen to take over from Thierry Breton, pending her confirmation; Virkkunen was central in creating the DSA (www.bloomberg.com)
2024-9-18 Finland

Uber says it plans to start checking US passengers' account info against third-party ID verification databases; drivers will be able to see a user's blue badge (www.bloomberg.com)
2024-9-18 Uber

Wintermute partners with Chaos Labs to launch a crypto-based betting site focused on the US presidential election; Polymarket has ~$1B in wagers on that contest (www.bloomberg.com)
2024-9-18

A look at Shenzhen-based Transsion, whose Infinix and Tecno command about 50% of Africa's smartphone market and are finding success in Asia and the Middle East (www.bloomberg.com)
2024-9-17 Asia Africa Shenzhen

Microsoft unveils a $60B stock buyback program, matching its largest-ever repurchase authorization, and raises its quarterly dividend by 10% to $0.83 per share (www.bloomberg.com)
2024-9-17 Microsoft

Intel announces it will coinvest with AWS in a custom AI chip in a “multiyear, multibillion-dollar framework” and is delaying plants in Germany and Poland (www.bloomberg.com)
2024-9-17 Germany Intel AI Poland

Microsoft debuts new AI coding tools in Excel, adds email prioritization Outlook features, and says Copilot's customer base grew 60%+ in the most recent quarter (www.bloomberg.com)
2024-9-17 Microsoft AI

China advises state-linked orgs to use a new lithography machine with a resolution of 65nm or better, signaling an improvement in its home-developed DUV tech (www.bloomberg.com)
2024-9-16 China

Groq and Aramco plan to build a Saudi Arabia data center by the end of 2024; Groq says it will be the world's largest AI inferencing center with 19K Groq GPUs (www.bloomberg.com)
2024-9-16 AI Arabia Saudi Arabia

Research based on the US Census Bureau's data from 2008 to 2021 suggests online dating may be partially to blame for a rise in income inequality in recent times (www.bloomberg.com)
2024-9-16

Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards (www.bloomberg.com)
2024-9-15

A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial (www.bloomberg.com)
2024-9-15 Trump

India's new M&A rule for deals exceeding ~$240M could create hurdles for startups that hope to be acquired in their early years to access funding and scale (www.bloomberg.com)
2024-9-14 India Startup

Google ad trial: an ex-Facebook ad exec testifies the company signed the 2018 Jedi Blue deal with Google because it couldn't compete against Google's “monopoly” (www.bloomberg.com)
2024-9-14 Google Facebook

Sam Bankman-Fried asks for a new trial in an appeal to the 2nd Circuit US Court of Appeals and directly attacks US District Judge Lewis Kaplan for alleged bias (www.bloomberg.com)
2024-9-14

Brazil lifts the block on the bank accounts of X and Starlink after withdrawing ~$3.3M from the accounts to pay for fines imposed by the Supreme Court (www.bloomberg.com)
2024-9-14 Brazil

German prosecutors open a sexual harassment probe into SAP CTO Jürgen Müller, after SAP said he'd resign at the end of September due to “inappropriate” behavior (www.bloomberg.com)
2024-9-14 Germany

Sources: the European Commission is poised to conclude X does not fall under its Digital Markets Act, after a probe found X's impact on EU markets is too small (www.bloomberg.com)
2024-9-14 Europe

Sources: CoreWeave is in talks to arrange a sale of existing shares, valuing it at $23B, up from $19.1B in May; shareholders may sell up to $500M (www.bloomberg.com)
2024-9-14

FanDuel and Betfair's parent company, Flutter, agrees to acquire a 56% stake in Brazilian online gaming operator NSX for a cash consideration of about $350M (www.bloomberg.com)
2024-9-13 Brazil

All 25 staffers of Annapurna's gaming division resigned this month after CEO Megan Ellison pulled out of talks to spin off the unit as an independent entity (www.bloomberg.com)
2024-9-13

YC plans to expand to four cohorts per year, adding spring and fall sessions in 2025; each batch will be half the size of the most recent cohort of 256 startups (www.bloomberg.com)
2024-9-13 Startup

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