Articles from www.bloomberg.com

Articles from www.bloomberg.com

Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending (www.bloomberg.com)
21 days ago China Alibaba

Investors have pulled $3.5B from US-listed bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6B set in February (www.bloomberg.com)
21 days ago Bitcoin ETF

Zoom reports Q3 revenue up 4.4% YoY to $1.23B, vs. $1.21B est., enterprise revenue up 6.1% YoY to $741.4M, and a Q4 revenue forecast above estimates (www.bloomberg.com)
21 days ago 4Q

Sources: Paris-based Pennylane, which makes accounting software, is discussing a $200M investment led by TCV at a $4.25B valuation, up from €2B in April (www.bloomberg.com)
21 days ago Paris

Sources: Apple cut dozens of sales roles to streamline sales to businesses, schools, and governments; Apple says the changes affect “a small number of roles” (www.bloomberg.com)
22 days ago Apple

The US DOD and the intelligence community awarded Enabled Intelligence a seven-year, up to $708M data labeling contract in September, beating out Scale AI (www.bloomberg.com)
22 days ago AI Intelligence

Amazon begins previewing its Amazon Leo satellite internet system for a select group of customers, ahead of a wider public rollout planned for 2026 (www.bloomberg.com)
22 days ago Amazon

Revolut reaches a $75B valuation in its latest share sale led by Coatue, Greenoaks, and others, up from $45B in 2024, making it Europe's most valuable startup (www.bloomberg.com)
22 days ago Europe Startup

Internal documents: Amazon's data center operations total 900+ facilities in 50+ countries, including AWS colocation facilities, higher than commonly understood (www.bloomberg.com)
22 days ago Amazon

Sources: iOS 27 will be a Snow Leopard-style update focused on bug fixes and performance, plus new AI features; the FT's Tim Cook retirement story was premature (www.bloomberg.com)
22 days ago IOS AI Tim Cook

Analysis: as crypto sheds $1T+, the Trump family's fortune has fallen to ~$6.7B from $7.7B in early September; President Trump's TMTG stake fell by ~$800M (www.bloomberg.com)
22 days ago Trump

Model ML, which aims to use AI agents to automate grunt work done by investment bankers like making pitch decks, raised $75M, after raising $12M earlier in 2025 (www.bloomberg.com)
22 days ago AI

Alibaba says its Qwen app drew 10M+ downloads in the week after its relaunch, one of the fastest app adoption rates behind ChatGPT, particularly in China (www.bloomberg.com)
22 days ago China Alibaba

Lenovo CFO Winston Cheng says the PC maker is stockpiling memory and other critical components amid a supply crunch, holding inventories ~50% higher than usual (www.bloomberg.com)
22 days ago Lenovo

Ubisoft says Tencent's €1.16B investment in Vantage Studios, set to reduce its debt, is complete, giving Tencent a 26% stake in Vantage and valuing it at €3.8B (www.bloomberg.com)
22 days ago Tencent

The CSA says that Matter 1.5 will add support for video cameras; Samsung has pledged its support, but Amazon and Google have not committed to interoperability (www.bloomberg.com)
22 days ago Google Amazon Samsung

As Kalshi and Polymarket race to scale during a Trump-era regulatory opening, critics warn that expanding gambling in the US could have unintended consequences (www.bloomberg.com)
22 days ago Trump

Ubisoft delayed reporting its Q2 results after auditors found it improperly booked sales from a partnership as revenue, forcing it to restate its accounts (www.bloomberg.com)
22 days ago

Meta enters electricity trading to help accelerate the construction of new US power plants critical for its AI infrastructure buildout (www.bloomberg.com)
22 days ago AI

Sources: the US has probed whether the products of China's Bitmain, which sells most of the world's Bitcoin-mining machines, pose risks of espionage or sabotage (www.bloomberg.com)
22 days ago China Bitcoin

Sources: Trump's team recently discussed letting Nvidia sell H200 chips to China, a major departure from the administration's earlier public stances (www.bloomberg.com)
22 days ago Trump China Nvidia

Filing: Airbnb says CTO Ari Balogh, who joined seven years ago from Google, plans to step down in December (www.bloomberg.com)
22 days ago Google Airbnb

New York-based emergency alerts platform RapidSOS raised $100M led by Apax Digital Funds, a source says at a $1B+ valuation, for US and international expansion (www.bloomberg.com)
22 days ago New York

General Atlantic purchases a $96M minority stake in Japanese HR software unicorn SmartHR, marking the PE firm's first growth equity investment in Japan (www.bloomberg.com)
22 days ago Japan Equity

Q&A with Fei-Fei Li on ImageNet, her startup World Labs' focus on spatial intelligence, superintelligence, regulation, AI bubble, US-China AI arms race, more (www.bloomberg.com)
22 days ago China Startup AI Intelligence

Sources: iOS 27 will be a Snow Leopard-style update focused on bug fixes and performance, plus new AI features; FT's retirement report on Tim Cook was premature (www.bloomberg.com)
22 days ago IOS AI Tim Cook

Filings: Meta's board agreed to a $190M settlement with investors over claims that Zuckerberg and other board members mishandled the Cambridge Analytica scandal (www.bloomberg.com)
25 days ago Zuckerberg

AI-driven crowdsourced hedge fund Numerai raised a $30M Series C led by university endowments, with Paul Tudor Jones also participating, at a $500M valuation (www.bloomberg.com)
25 days ago AI

OpenAI partners with Foxconn to design and develop data center server racks to be manufactured in the US; Foxconn will produce cabling, power systems, and more (www.bloomberg.com)
25 days ago

Source: Twenty, which uses AI to help hackers for the US military penetrate adversary computer networks, raised a $38M Series A led by Caffeinated Capital (www.bloomberg.com)
26 days ago AI

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