Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Tesla faces a trial in San Jose this week over Apple engineer Walter Huang's fatal Autopilot crash in 2018; Tesla prevailed in two previous California trials (www.bloomberg.com)
2024-4-9 Apple Tesla California

Montenegro's Supreme Court overturns Terraform Labs co-founder Do Kwon's extradition to South Korea; Kwon's lawyers had pushed for South Korea over the US (www.bloomberg.com)
2024-4-8 Korea

Filing: Denver-based digital marketing company Ibotta prices its 2.5M IPO shares at $76-$84 each, seeking to raise $472.5M; Ibotta had a $1B valuation in 2019 (www.bloomberg.com)
2024-4-8 IPO

PitchBook: VC investment in crypto startups rose 32% QoQ to $2.5B in Q1 2024, down from $2.6B in Q1 2023, after a brutal year for crypto and blockchain startups (www.bloomberg.com)
2024-4-8 Blockchain Startup

Alibaba cuts prices for cloud customers by 23% on average across ~500 cloud product specifications in 13 regions, seeking to fend off rivals and revive growth (www.bloomberg.com)
2024-4-8 Alibaba

Lime plans to spend $55M in 2024 to expand its e-bike fleet, adding 30K+ bikes in North America and elsewhere, and reports 2023 gross bookings up 32% to $616M (www.bloomberg.com)
2024-4-8 U.S.

The US awards TSMC $6.6B in grants and up to $5B in loans to build a third Arizona fab, slated to make 2nm chips by 2030, alongside TSMC's $65B+ investment (www.bloomberg.com)
2024-4-8

A look at Towa Corp., which TechInsights says commands two-thirds of the global chip molding equipment market and has seen shares jump ~400% in the past year (www.bloomberg.com)
2024-4-8

Canada unveils a CA$2.4B fund to boost its AI sector by giving access to computing capabilities and technical infrastructure and creates its AI Safety Institute (www.bloomberg.com)
2024-4-8 AI Canada

Thoughts on Apple's search for a new growth engine, Spatial Personas, and Kevin Lynch's move to the AI group; sources: new iPads may launch the week of May 6 (www.bloomberg.com)
2024-4-8 AI Apple

A US jury finds Terraform Labs and Do Kwon liable for fraud in a US SEC lawsuit, boosting SEC's efforts to assert greater control over the crypto industry (www.bloomberg.com)
2024-4-6

Filings in FTC lawsuit: Instagram had revenues of $22B in 2020, or 26% of Meta's total revenue, $32.4B in 2021, or 27% of Meta's revenue, and $16.5B in H1 2022 (www.bloomberg.com)
2024-4-6 Instagram

Sources: FTX estate sold 25M to 30M locked-up SOL coins for $64 apiece, a deeply discounted price, to Galaxy Trading, Pantera, and others, raising up to $1.9B (www.bloomberg.com)
2024-4-6

OpenAI COO says ChatGPT Enterprise has 600K+ paying customers, up from ~150K in January, and 2024 is going to be the “year of adoption for AI in the enterprise” (www.bloomberg.com)
2024-4-6 AI

CCData: crypto trading volume on centralized exchanges hit an all-time high of $9.1T in March, with spot trading volume of $2.94T, the highest since May 2021 (www.bloomberg.com)
2024-4-5

Filings: Apple laid off 600+ employees in California; some layoffs correspond to addresses where Apple's display and car research teams were reportedly based (www.bloomberg.com)
2024-4-5 Apple Layoffs California

Filing: Meta rejects the FTC's bid to amend its 2020 privacy settlement, saying it voluntarily disclosed two Messenger Kids bugs and had no parent complaints (www.bloomberg.com)
2024-4-5

YouTube's CEO says that OpenAI training Sora with YouTube videos would violate YouTube's ToS, and Google adheres to YouTube's creator contracts to train Gemini (www.bloomberg.com)
2024-4-5 Google YouTube

Cohere releases Command R+, a new business-focused model the startup says performs competitively against OpenAI and others on “business-critical” tasks (www.bloomberg.com)
2024-4-5 Startup

AI chip startup SiMa.ai raised $70M led by Maverick Capital to develop chips for cameras, cars, and other consumer devices, taking its total funding to $270M (www.bloomberg.com)
2024-4-4 Startup AI

Elon Musk says “Tesla is increasing comp ... of our AI engineering team”, after OpenAI has been “aggressively recruiting Tesla engineers” with “massive” offers (www.bloomberg.com)
2024-4-4 AI Tesla Elon Musk

Paris-based Pigment, a subscription-based business planning and forecasting service, raised $145M, sources say at a $1B+ valuation, for $393M in total funding (www.bloomberg.com)
2024-4-4 Paris

In-memory computing, which seeks to reduce power consumption by processing data where it's stored, is seeing a boost in interest fueled by the AI energy crisis (www.bloomberg.com)
2024-4-4 Energy AI

Sources: Apple is exploring home robotic devices, including a mobile robot that can follow users and a table-top device that uses robotics to move a display (www.bloomberg.com)
2024-4-4 Mobile Apple Robot

A draft US-EU statement outlines plans to use AI to search for replacements for so-called forever chemicals that are prevalent in chip manufacturing (www.bloomberg.com)
2024-4-4 AI Manufacturing

Sources: Spotify plans to raise prices by $1 to $2 per month in the UK, Australia, Pakistan, and two other markets by the end of April, and the US later in 2024 (www.bloomberg.com)
2024-4-4 Australia Spotify

Sources: crypto VC firm Paradigm is in talks to raise $750M to $850M for a new fund, which would be the largest since the crash; a16z raised $4.5B in May 2022 (www.bloomberg.com)
2024-4-3

TSMC halts some chipmaking and evacuates plants after a 7.4 magnitude earthquake, Taiwan's biggest in 25 years, and plans to assess the impact; UMC did similar (www.bloomberg.com)
2024-4-3 Taiwan

PE firm EQT AB agrees to acquire compliance software provider Avetta from Welsh, Carson, Anderson, & Stowe, sources say at a ~$3B valuation, including debt (www.bloomberg.com)
2024-4-3

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