Articles from www.bloomberg.com

Articles from www.bloomberg.com

Despite a crypto rally, VC funds focused on crypto are struggling to raise money, as limited partners prioritize tangible gains after the 2022 wipeout (www.bloomberg.com)
2024-3-27

Sources: the SEC is asking tech and telecom companies how they handled the 2020 SolarWinds cyberattack, drawing industry complaints about alleged overreach (www.bloomberg.com)
2024-3-27

How the US is using wire fraud laws to prosecute crypto crimes, such as with SBF, while the debate over whether crypto tokens are securities plays out in court (www.bloomberg.com)
2024-3-27

A timeline of EU's DMA investigations into Apple, Google, and Meta: each have 12 months to fix the issues, before risking fines of up to 10% of global revenue (www.bloomberg.com)
2024-3-27 Google Apple

A look at MatX, which was founded by ex-Google engineers, has raised $25M, and hopes to design chips that are 10x faster than Nvidia's GPUs at training LLMs (www.bloomberg.com)
2024-3-27 Google Nvidia

Sources: Stability AI was in a “death spiral” prior to Mostaque's resignation, due to talent departures, mismanagement, legal troubles, and dwindling resources (www.bloomberg.com)
2024-3-27 AI

Filing: Dell cut 13,000 employees over the last fiscal year, a steeper reduction than initially announced, and had 120K staffers globally as of February 2, 2024 (www.bloomberg.com)
2024-3-27

Filing: Sun Microsystems co-founder Andreas Bechtolsheim settles with the US SEC for alleged insider trading on Cisco's $2.6B offer to buy Acacia in 2019 (www.bloomberg.com)
2024-3-27 Cisco

Canada plans to toughen foreign investment rules for sectors like AI and quantum computing, as it takes steps to curb China's influence on key industries (www.bloomberg.com)
2024-3-27 China AI Canada Quantum

Trump Media & Technology Group shares jumped up to 58% to hit $78.80 on its trading debut before the Nasdaq briefly halted trading, following the DWAC merger (www.bloomberg.com)
2024-3-27 Trump

Chinese government data: iPhone shipments in China fell ~33% YoY to ~2.4M units in February 2024, after dropping 39% YoY to ~5.5M units in January 2024 (www.bloomberg.com)
2024-3-27 China iPhone

Internal Tesla memo: Elon Musk tells staff to perform a “short test ride” with customers to demonstrate Full Self-Driving, a “hard requirement” from now on (www.bloomberg.com)
2024-3-26 Tesla Elon Musk

Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B (www.bloomberg.com)
2024-3-26 Hong Kong IPO Alibaba Logistics

Fieldguide, which plans to use AI to alleviate an accountant shortage, raised a $30M Series B led by Bessemer, and counts 40 of the top 100 CPA firms as clients (www.bloomberg.com)
2024-3-26 AI

Canva acquires the Affinity creative suite, popular with Mac users; COO Cliff Obrecht says the cash-and-stock deal is valued at “several hundred million pounds” (www.bloomberg.com)
2024-3-26

Memo: Microsoft's Bing chief Mikhail Parakhin plans to exit his roles and look for a new position, after Microsoft hired Mustafa Suleyman to run Microsoft AI (www.bloomberg.com)
2024-3-26 Microsoft AI

An investigation details the growing black market for Starlink kits being traded and activated illegally, including in regions subject to US sanctions (www.bloomberg.com)
2024-3-26

Employment in nearly one-third of US states remains below pre-pandemic levels, with California and New York registering the steepest declines (www.bloomberg.com)
2024-3-26 New York California

Watch Wozniak Says He's Taking YouTube Lawsuit as Far as He Can (www.bloomberg.com)
2024-3-26 YouTube

Ripple says the SEC plans to release a public brief on Tuesday seeking $2B in fines and penalties in its case against Ripple over sales of the XRP crypto token (www.bloomberg.com)
2024-3-26 XRP

Cocoa Is More Expensive Than Copper as It Tops $9,000 (www.bloomberg.com)
2024-3-26

England's Homes Found More Cramped Than Those In New York City (www.bloomberg.com)
2024-3-26 New York

Trump Bond Reduced to $175 Million as He Appeals NY Fine (www.bloomberg.com)
2024-3-26 Trump

Trump Bond Reduced to $175 Million as He Appeals NY Fine Trump was initially ordered to pay nearly $545 million bond Former president has 10 days to post the reduced bond (www.bloomberg.com)
2024-3-26 Trump

China's Tech Sector May Rival Property as Growth Driver, BE Says (www.bloomberg.com)
2024-3-26 China

Boeing's CEO to Step Down as Fallout Grows From Safety Crisis (www.bloomberg.com)
2024-3-26 Boeing

Trump Facing Moment of Truth for Finances in Manhattan Court (www.bloomberg.com)
2024-3-26 Trump

FundGuard, which offers an AI accounting platform for asset managers, raised a $100M Series C led by Key1 Capital, taking its funding to $150M since 2018 (www.bloomberg.com)
2024-3-25 AI Asset

Nigeria files tax evasion charges against Binance and executives Tigran Gambaryan and Nadeem Anjarwalla, detained since February; reports say Anjarwalla escaped (www.bloomberg.com)
2024-3-25 Tax Nigeria

India Objects to German Official's Comments on Opposition Arrest (www.bloomberg.com)
2024-3-25 Germany India

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