Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Beijing-based Moonshot, which makes the Kimi chatbot, is in talks to raise $1B+ that would value it at $30B, up from a $20B valuation in a recent round (www.bloomberg.com)
19 days ago chatbot

Nvidia and SK Hynix signed a multi-year pact to develop next-gen memory tailored for Nvidia's AI infrastructure roadmap, including for Vera Rubin (www.bloomberg.com)
19 days ago AI Nvidia

As wealth managers confront an AI reckoning, the tech is, for now, easing their workloads by picking up routine tasks, freeing up more time to advise clients (www.bloomberg.com)
19 days ago AI

Inside the early 2025 senior exec meeting where Apple admitted its AI failures; Tim Cook became intimately involved in Apple's AI roadmap around the same time (www.bloomberg.com)
19 days ago AI Apple Tim Cook

Report: in May, supply of unsecured bonds from hyperscalers passed $155B, up over 45% from 2025's total issuance; some AI-infra bond sales are 4x oversubscribed (www.bloomberg.com)
20 days ago AI

FOIA docs reveal Amazon's extensive control over delivery drivers it insists are not employees, in a case the NLRB sought to settle on terms favorable to Amazon (www.bloomberg.com)
20 days ago Amazon

SoftBank's PayPay, Japan's dominant payments app, says it will take a 70.2% stake in T&D Financial Life Insurance for $840M, expected to close in October 2027 (www.bloomberg.com)
21 days ago Japan Insurance

Filing: Google has agreed to pay SpaceX $920M per month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029 (www.bloomberg.com)
21 days ago Google Nvidia SpaceX

Sources: Apollo and Blackstone finalized a $35B package for Anthropic to lease TPUs; Broadcom is backstopping payments on the debt's largest senior portions (www.bloomberg.com)
21 days ago

Filing: Google has agreed to pay SpaceX $920M a month for access to Nvidia chips as part of a cloud-services deal that runs through mid-2029 (www.bloomberg.com)
21 days ago Google Nvidia SpaceX

Sources: Revolut is looking to run a secondary share sale that would value it at $115B, after receiving a UK bank license and applying for a charter in the US (www.bloomberg.com)
21 days ago

President Trump says he is weighing proposals for the US government to partner with major AI companies, and will soon discuss the idea with their executives (www.bloomberg.com)
21 days ago Trump AI

Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb's CEO and will not be the lab's CEO (www.bloomberg.com)
21 days ago AI Airbnb

What to expect at WWDC 2026: an overhauled Siri, a Siri app, a slew of new AI capabilities, OS updates focused on reliability and responsiveness, and more (www.bloomberg.com)
21 days ago AI

S&P Dow Jones rejected proposals to expedite S&P 500 eligibility for mega-cap IPOs such as SpaceX, which remains ineligible until one year after going public (www.bloomberg.com)
22 days ago IPO Dow Jones SpaceX

Unsealed 2020 lawsuit: ex-IBM VP of threat intelligence alleges that IBM and AT&T concealed foreign cyber breaches to maintain eligibility for federal contracts (www.bloomberg.com)
22 days ago IBM AT&T Intelligence

Sources: Brian Chesky is starting a new AI lab and considering a focus on user interaction and design; he will remain Airbnb CEO and will not be the lab's CEO (www.bloomberg.com)
22 days ago AI Airbnb

In a letter to Utah Senate President, Kevin O'Leary says he will cut a 40,000-acre AI data center project in Utah by roughly half, after backlash from lawmakers (www.bloomberg.com)
22 days ago AI Senate

Robinhood plans to route some 2026 soccer World Cup bets to Rothera, shifting away from Kalshi as it seeks to diversify its prediction markets providers (www.bloomberg.com)
22 days ago

Robotics startup Generalist, which released its GEN-1 model to complete short physical tasks in April, raised $400M led by Radical Ventures at a $2B valuation (www.bloomberg.com)
22 days ago Startup Robot

Sam Altman says he has no plans to put money into the 2026 US midterms; OpenAI is seeking to distance itself from Greg Brockman-backed Leading the Future PAC (www.bloomberg.com)
22 days ago

Revolut co-founder and CTO Vlad Yatsenko plans to step down in July, replaced by executive Donato Lucia; Yatsenko joined as Revolut's first employee (www.bloomberg.com)
22 days ago

Corporate spending management platform Ramp raised $750M at a $44B valuation led by Iconiq, Singapore's GIC, and the OTPP, taking its total funding to $3B (www.bloomberg.com)
22 days ago Singapore

Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65% YoY (www.bloomberg.com)
22 days ago

TSMC CEO C.C. Wei says the company won't be able to fulfill demand led by US customers even as more capacity comes online in the US over the next few years (www.bloomberg.com)
22 days ago

CoinGecko: Hyperliquid-linked HYPE token is up ~180% YTD, lifting its market value above $16B and pushing it into the top 10 digital assets by market cap (www.bloomberg.com)
22 days ago Asset

Sources: OnePay, a fintech app backed by Walmart and valued at $4B+, has 6M MAUs and $50B in annualized payments, double the figures from the previous year (www.bloomberg.com)
23 days ago Fintech Walmart

Current and former employees detail Amazon's e-commerce struggles in India, where local rivals have challenged the company more than anywhere outside of China (www.bloomberg.com)
23 days ago China India Amazon

Liftoff Mobile raised $437M in its US IPO, selling 19M shares for $23 each, above its marketed range of $20 to $22, valuing the company at $3.83B (www.bloomberg.com)
23 days ago IPO Mobile

Quantinuum raised $1.68B in an upsized US IPO, selling 28M shares for $60 each, above its marketed range of $53 to $55, valuing the company at $15.6B (www.bloomberg.com)
23 days ago IPO

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