Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Intel Foundry reports 2023 revenue down 31% YoY to $18.9B, operating loss of $7B, up from $5.2B in 2022, and expects 2024 to be the peak of its losses (www.bloomberg.com)
2024-4-3 Intel

Flip, a marketplace with product review videos by shoppers, raised a $144M Series C led by Streamlined at a $1.05B valuation, including $50M from AppLovin (www.bloomberg.com)
2024-4-3

Israel-based AI chipmaker Hailo raised a $120M Series C extension from Israeli firms and family offices at a $1.2B valuation, taking its total funding to $340M (www.bloomberg.com)
2024-4-2 Israel AI

Sources: the US asks South Korea to add China chip export restrictions similar to Commerce Department rules, including on chips beyond 14nm and DRAM beyond 18nm (www.bloomberg.com)
2024-4-2 China Korea

Japan approves up to $3.9B in subsidies to chip venture Rapidus, as the company tries to close the gap with TSMC in cutting-edge fabrication technology (www.bloomberg.com)
2024-4-2 Japan

Sources: Tiger raised ~$2.2B for its latest fund, well short of the $6B target and its smallest fundraising haul in about a decade, after raising a $12.7B fund (www.bloomberg.com)
2024-4-2

Cloud data management startup Rubrik files for a NYSE IPO under the symbol RBRK, discloses a net loss of $354M on revenue of $628M for the year ended January 31 (www.bloomberg.com)
2024-4-2 IPO Startup

Binance names its first board of directors, which has seven members including CEO Richard Teng and three other Binance execs (www.bloomberg.com)
2024-4-2

SK Hynix tops $100B in valuation as its stock rose 2x+ over the past year amid high-bandwidth memory demand; analysts: SK Hynix has 90%+ share of the latest HBM (www.bloomberg.com)
2024-4-1

Tech CEOs looking to “go direct” and avoid traditional media, which they view as unfairly critical, turn to friendly podcasters like Lex Fridman (www.bloomberg.com)
2024-3-30

South Korean national statistics data: chip output grew 65.3% YoY in February 2024, the most since late 2009, with demand for AI-related memory driving growth (www.bloomberg.com)
2024-3-29 Korea AI

How MowPod, which sells podcast advertising tools, uses mobile game ads to incentivize gamers to follow shows on Apple Podcasts in order to earn in-game tokens (www.bloomberg.com)
2024-3-29 Mobile Apple

A researcher finds that X is testing a feature that lets users create or join communities focused on “adult content” or other “not safe for work” material (www.bloomberg.com)
2024-3-29

Sources: Apple plans to launch new iPad Pro and iPad Air models in early May; iPad Pros will get OLED displays, while iPad Air will get a 12.9" screen option (www.bloomberg.com)
2024-3-29 Apple iPad

Sources: the US and UK are reviewing $20B+ in Tether transactions through Moscow-based crypto exchange Garantex, as part of a crackdown on sanctions evasions (www.bloomberg.com)
2024-3-29

Microsoft rolls out Azure AI Studio tools to stop users from making AI chatbots behave in unintended ways, including “prompt shields” and warning alerts (www.bloomberg.com)
2024-3-29 Microsoft AI chatbot

Analysis: in the past two years, Amazon committed to spending $148B over 15 years on data centers, including in Mississippi, Saudi Arabia, and Malaysia (www.bloomberg.com)
2024-3-28 Amazon Arabia Malaysia Saudi Arabia

Marc Andreessen, Chris Dixon, Galaxy Digital, and others invest $75M in crypto fund 1kx, which has raised ~$200M since 2018 and invested in Rarible and more (www.bloomberg.com)
2024-3-28

Source: Salesforce paid $20M+ to license Einstein's image in a 2016 deal, hoping to gain an edge in the AI market; proceeds go to Jerusalem's Hebrew University (www.bloomberg.com)
2024-3-28 AI Salesforce Jerusalem

Sources: blockchain AI companies SingularityNET, Fetch.ai, and Ocean Protocol are discussing merging their tokens, creating ASI with a ~$7.5B diluted value (www.bloomberg.com)
2024-3-28 Blockchain AI

Chinese state media: President Xi criticized “technological barriers” during Dutch Prime Minister Mark Rutte's visit to Beijing, as the US curbs ASML exports (www.bloomberg.com)
2024-3-27 China Netherlands

Blockchain game Munchables, which lets players earn rewards by looking after digital creatures, loses an estimated ~$63M worth of ETH in a hacking incident (www.bloomberg.com)
2024-3-27 Blockchain ETH

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