Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Intel is considering selling part of its 88% stake in Mobileye, and is also exploring options for its Network and Edge enterprise networking division (www.bloomberg.com)
2024-9-6 Intel

FCC filing: Larry Ellison will own 77.5% of Paramount Global parent company National Amusements after his son David completes the purchase of Paramount (www.bloomberg.com)
2024-9-6

The US imposes new export controls on critical tech, including quantum computing and semiconductor goods, aligning the US with Japan, Netherlands, other allies (www.bloomberg.com)
2024-9-6 Japan Netherlands Quantum

OpenAI says it now has 1M+ paid users for the corporate versions of ChatGPT, including ChatGPT Team, Enterprise, and Edu (www.bloomberg.com)
2024-9-6

Verizon agrees to buy rival telecom operator Frontier Communications for an enterprise value of $20B; Frontier had a revenue of $5.8B in 2023 (www.bloomberg.com)
2024-9-5

Germany-based Aleph Alpha, which raised $500M+ in 2023, is pivoting to focus on helping clients use AI tools, instead of trying to outperform OpenAI and others (www.bloomberg.com)
2024-9-5 Germany AI

India and Singapore sign a series of deals to ramp up collaboration in semiconductors and digital technologies, including cybersecurity, 5G, AI, and more (www.bloomberg.com)
2024-9-5 India AI Singapore 5G

HPE reports Q3 revenue up 10% YoY to $7.71B, vs. $7.66B est., Server revenue up 35% YoY to $4.3B, and adjusted gross margins of 31.8%, vs. 33.4% est. (www.bloomberg.com)
2024-9-5

Nvidia says it has inquired with the US DOJ and hasn't been subpoenaed, following a report that it had received a subpoena from the DOJ over antitrust concerns (www.bloomberg.com)
2024-9-5 Nvidia

Netflix struggles to reduce its productions' carbon footprint, with more emissions in 2022 vs. 2019, partly because it doesn't own any equipment or studio space (www.bloomberg.com)
2024-9-5 Netflix

Ride-hailing company GoTo plans to close its Gojek brand in Vietnam, to focus on reaching profitability in its main operations in Indonesia and Singapore (www.bloomberg.com)
2024-9-5 Singapore Indonesia Vietnam

The Biden administration's big bet on Intel to lead a US chipmaking revival is in trouble as Intel struggles to hit milestones to get CHIPS Act grants and loans (www.bloomberg.com)
2024-9-5 Intel

Filing: Lyft plans to sell some of its bike and scooter business and cut 1% of its employees as it struggles to turn profitable (www.bloomberg.com)
2024-9-4

Sources: the US DOJ sent subpoenas to Nvidia and others, seeking evidence that Nvidia violated antitrust laws by making it harder to switch suppliers and more (www.bloomberg.com)
2024-9-4 Nvidia

Cortex, which sells an internal developer portal for teams making software, raised $60M from Sequoia, Stripe co-founders, and others, at a $470M valuation (www.bloomberg.com)
2024-9-4

Palo Alto Networks says it closed a $500M deal to buy IBM's QRadar cloud security software assets, and plans to migrate customers to Palo Alto's Cortex XSIAM (www.bloomberg.com)
2024-9-4 IBM Asset

Sources: a16z has shut its Miami office in May because staff weren't using it enough; VC funding to Miami-based companies has flagged since 2022's crypto rout (www.bloomberg.com)
2024-9-4

The Biden administration's big bet on Intel to lead a US chipmaking revival is in trouble as Intel struggles to meet milestones for receiving CHIPS Act grants (www.bloomberg.com)
2024-9-4 Intel

Alibaba will let shoppers check out via Tencent's WeChat Pay on its Taobao and Tmall shopping platforms, as Chinese government crackdown on Alibaba ends (www.bloomberg.com)
2024-9-4 China Alibaba WeChat Tencent

Blackstone agrees to acquire Australian data center operator AirTrunk in a deal valuing the company at around $16.1B (www.bloomberg.com)
2024-9-4 Australia

Sources: Sam Altman and other OpenAI execs have been meeting with investors to advance a deal to spend tens of billions to build infrastructure for AI in the US (www.bloomberg.com)
2024-9-4 AI

In an internal letter, Snap CEO tries to rally staff amid a 48% stock price drop this year, says Snap will test new ad formats in the chat inbox and on Snap Map (www.bloomberg.com)
2024-9-4

DOJ says it won't pressure social media companies to remove content about foreign threats to national security or elections, after claims platforms were coerced (www.bloomberg.com)
2024-9-4

Sources: the DOJ sent subpoenas to Nvidia and others, as it seeks evidence that Nvidia violated antitrust laws by making it harder to switch suppliers and more (www.bloomberg.com)
2024-9-4 Nvidia

Coinbase, Brian Armstrong, and their PACs haven't donated to Trump or Harris, instead pursuing a strategy of targeted donations to congressional campaigns (www.bloomberg.com)
2024-9-3 Trump Coinbase

SAP CTO Juergen Mueller says he will leave the company by the end of September because of inappropriate conduct at a past company event (www.bloomberg.com)
2024-9-3

HP says it intends to pursue its $4B damages claim in London against the estate of the recently deceased Mike Lynch; HP won the false accounting case in 2022 (www.bloomberg.com)
2024-9-3 London

Sources: China has threatened Japan with severe economic retaliation if Japan further restricts sales and servicing of chipmaking equipment to Chinese firms (www.bloomberg.com)
2024-9-3 China Japan

A majority of Brazilian judges on a Supreme Court panel vote to confirm an order to ban X in Brazil and fine those who don't comply with it by using a VPN (www.bloomberg.com)
2024-9-3 Ban Brazil VPN

Sources: ByteDance is tapping banks, including Citigroup and JPMorgan, for a $9.5B loan, the biggest dollar-denominated corporate loan in Asia excluding Japan (www.bloomberg.com)
2024-9-2 Japan Asia JPMorgan

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