Articles from www.bloomberg.com

Articles from www.bloomberg.com

FEC filing: Elon Musk poured at least $274M into US political groups in 2024, including $238.5M for his America PAC, making him the biggest US political donor (www.bloomberg.com)
2024-12-6 U.S. Elon Musk

Trump says David Sacks will be the “White House AI and crypto czar” to “work on a legal framework so the crypto industry has the clarity it has been asking for” (www.bloomberg.com)
2024-12-6 Trump AI

Trump says David Sacks will be the “White House A.I. & Crypto Czar” to “work on a legal framework so the Crypto industry has the clarity it has been asking for” (www.bloomberg.com)
2024-12-6 Trump AI

US authorities: Dubai has quietly become a leading home for crypto scamming in the past decade, including Ponzi and pyramid schemes that made $3.4B+ since 2017 (www.bloomberg.com)
2024-12-5 Dubai

Sources: AT&T, JPMorgan, and Dunkin' pull ads from Twitch after a controversial group of livestreamers alleged that Twitch is promoting antisemitic content (www.bloomberg.com)
2024-12-5 JPMorgan AT&T

The UK CMA clears the £15B Vodafone-Three deal after a 10-month inquiry, subject to investing £11B in UK digital infrastructure, creating the UK's biggest telco (www.bloomberg.com)
2024-12-5

CCData: crypto trading volume hit an all-time high in November, with $10T+ of assets traded for the first time on centralized spot and derivatives exchanges (www.bloomberg.com)
2024-12-5 Asset

A look at European startups building AI-powered weapons, betting governments will increase defense budgets and buy more autonomous drones and AI systems (www.bloomberg.com)
2024-12-5 Europe Startup AI Drone

TikTok Shop says its US sales tripled to over $100M on Black Friday and it drew a 165% annual increase in shoppers on the two days leading up to Cyber Monday (www.bloomberg.com)
2024-12-5 Black Friday

Trump selects Gail Slater, an adviser to JD Vance and tech policy adviser during Trump's first term, as head of the DOJ's antitrust unit (www.bloomberg.com)
2024-12-5 Trump

DealBook Summit: Sam Altman says “it would be profoundly un-American to use political power to hurt your competitors” and “I don't think Elon would do it” (www.bloomberg.com)
2024-12-5 U.S.

NXP and Taiwanese TSMC affiliate Vanguard break ground on a $7.8B plant in Singapore to make 130nm to 40nm chips and are discussing an expansion of the facility (www.bloomberg.com)
2024-12-4 Taiwan Singapore

US chipmaker Marvell reports Q3 revenue up 7% YoY to $1.52B, above $1.45B est., and expects Q4 revenue of $1.8B, above $1.64B est.; MRVL jumps 12%+ pre-market (www.bloomberg.com)
2024-12-4 4Q

US hedge fund AQR's Cliff Asness, who is considered a quant legend, says AI has taken over parts of his job by being “annoyingly better” than him at some tasks (www.bloomberg.com)
2024-12-4 AI

Apptopia: Truth Social had 355,000 DAUs in November, up 3% MoM after Donald Trump won the election; Trump posted 200+ times in the four weeks since the election (www.bloomberg.com)
2024-12-4 Trump

Bluesky COO Rose Wang rejects the idea the social network is “left-leaning” and says Bluesky plans to launch a subscription service by the end of this year (www.bloomberg.com)
2024-12-4

Sources: Microchip Technology is pausing its application for $162M in CHIPS Act grants, as it plans to close a factory in Arizona, affecting ~500 employees (www.bloomberg.com)
2024-12-4

Sources and docs: troubled IT firm Atos is largely responsible for issues delaying the rollout of the EU's automated biometric Entry/Exit border system to 2025 (www.bloomberg.com)
2024-12-4

TikTok says it removed a network covertly campaigning for Calin Georgescu, whose shock victory in the recent Romanian election threw the country into crisis (www.bloomberg.com)
2024-12-4 Romania

Sources and documents: troubled IT firm Atos is largely responsible for issues delaying the roll out of the EU's biometric Entry/Exit border system to 2025 (www.bloomberg.com)
2024-12-3

Pat Gelsinger's departure opens the door for Intel to consider fresh deal options, like splitting factory and product-design divisions, selling Altera, and more (www.bloomberg.com)
2024-12-3 Intel

Sources: Intel CEO Pat Gelsinger was given the option to retire or be removed after the board lost confidence in his plans to turn around Intel (www.bloomberg.com)
2024-12-3 Intel

Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a $2.6B valuation and reports nearly $150M in contracts (www.bloomberg.com)
2024-12-3 Samsung AI Toronto Jeff Bezos

Super Micro says an external review by a special committee of its board and external counsel found no evidence of wrongdoing, and plans to appoint a new CFO (www.bloomberg.com)
2024-12-3

Amsterdam-based Nebius, which rebranded from Russian internet giant Yandex and offers cloud AI tools, raised $700M from Nvidia, Accel, and others (www.bloomberg.com)
2024-12-2 Russia AI Nvidia

CoinGecko: Ripple-linked XRP's market cap reaches $137B to become the third-largest cryptocurrency, up from less than $30B on November 5 when Trump won (www.bloomberg.com)
2024-12-2 Trump Cryptocurrency XRP

Inside Helsinki's Slush 2024, a startup event described as a mix of TED Talks, Eurovision, and Shark Tank, attended by ~13K people, with LPs up 46% YoY to 350+ (www.bloomberg.com)
2024-12-2 Startup

Analysis: US spot Bitcoin ETFs now hold more than 1M bitcoin, or about 5% of the total and about as many bitcoin frozen in the wallet of Satoshi Nakamoto (www.bloomberg.com)
2024-12-2 Bitcoin ETF

Analysis: US spot bitcoin and ether ETFs logged record monthly net inflows, $6.5B and $1.1B respectively, in November 2024, buoyed by Trump's embrace of crypto (www.bloomberg.com)
2024-12-2 Trump Bitcoin ETF

Q&A with Nokia CEO Pekka Lundmark on Nokia's failure in mobile phones, moving from mobile and fixed networks into data centers and defense, 5G, and more (www.bloomberg.com)
2024-12-2 Mobile 5G Nokia

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