Articles from www.bloomberg.com

Articles from www.bloomberg.com

Google projects full-year capex will be $195B to $205B in 2026, after saying in April that it will spend as much as $190B; its Q2 capex hit $44.92B, up 100% YoY (www.bloomberg.com)
20 days ago Google

Google says its cloud computing unit had a $514B backlog of contracted work that hasn't been recorded as revenue yet, up from ~$460B held during Q1 (www.bloomberg.com)
20 days ago Google

The SEC agrees to pay $150,000 in legal fees to end Coinbase's 2024 lawsuit seeking internal docs on the regulator's Biden-era crackdown on the crypto industry (www.bloomberg.com)
20 days ago Coinbase

ServiceNow reports Q2 subscription revenue up 24.5% YoY to $3.88B, increases full year subscription revenue growth estimate to 23%; NOW jumps 4%+ after hours (www.bloomberg.com)
20 days ago

OpenAI President Greg Brockman says Kimi K3 is a “pretty good model” but it is “too early” to tell whether Moonshot used distillation on OpenAI's models (www.bloomberg.com)
20 days ago

Cashea, Venezuela's largest fintech startup that offers a banking and payments app, raised a $40M Series A, including $20M in debt, and a $60M Series B (www.bloomberg.com)
20 days ago Fintech Startup Venezuela

White House OSTP Director Michael Kratsios says Moonshot AI “acquired GB300-equipped servers and has accessed GB300s in Thailand, likely to train its AI models” (www.bloomberg.com)
20 days ago Thailand AI

Meta taps Assaf Keren, former chief security officer at Qualtrics and former CISO at PayPal, as its next CISO, succeeding Guy Rosen (www.bloomberg.com)
20 days ago CISO

Sources: Apple is set to debut new versions of every Mac it sells, including long-awaited iMac updates and a revamped MacBook Pro and Neo, across fall and 2027 (www.bloomberg.com)
20 days ago Apple MacBook

Samsung teases its smart glasses, developed with Google, Warby Parker, and Gentle Monster, and says they will have nine-hour battery life and privacy features (www.bloomberg.com)
20 days ago Google Samsung Battery

OpenAI plans to spend $30B+ on a massive new data center in Georgia, securing 3.2GW of total energy; several hundred MW are set to come online starting in 2028 (www.bloomberg.com)
20 days ago Energy

Tencent's Hong Kong-listed shares fall ~7%, the most since April 2025, as investors worry over “rumors” of weaker earnings on August 12, and NetEase drops 5%+ (www.bloomberg.com)
20 days ago Hong Kong Tencent

Dune: since January 2021, wallets funded via US-regulated exchanges accounted for ~50% of all traceable trading volume on Polymarket's US-banned global platform (www.bloomberg.com)
21 days ago

Chinese AI models account for ~60% of token usage by US companies on OpenRouter, making restrictions harder to impose without disrupting US users and businesses (www.bloomberg.com)
21 days ago China AI

Sources: Alphabet has more than quadrupled its office space in Miami, partially driven by Larry Page's and Sergey Brin's residential real estate purchases (www.bloomberg.com)
21 days ago Alphabet

Amazon says its business sales unit, Amazon Business, reached $60B in annualized gross sales in Q2, up ~71% from 2023, and serves 11M+ organizations worldwide (www.bloomberg.com)
21 days ago Amazon

OpenAI executive Chris Lehane says Sam Altman plans to brief the Trump administration and US lawmakers next week on the company's upcoming generation of models (www.bloomberg.com)
21 days ago Trump

Sources: Apple plans to launch Apple Upgrade, a leasing program for iPhone, iPad, Mac, and Apple Watch, in partnership with Klarna in the US next week (www.bloomberg.com)
21 days ago iPhone Apple iPad

Sources: after it closes a round at a $31.5B valuation, Moonshot plans a final raise at a $50B valuation to capitalize on Kimi K3 buzz before a Hong Kong IPO (www.bloomberg.com)
21 days ago Hong Kong IPO

Garmin launches the Cirqa Smart Band, a $200 screenless fitness tracker that monitors 80+ activities with an up to 10 day battery life, to compete with Whoop (www.bloomberg.com)
21 days ago Battery

OpenAI says it now has 10M people using Codex and ChatGPT Work, nearly doubling usage from earlier this month when the company announced ChatGPT Work (www.bloomberg.com)
21 days ago

Samsung plans to launch its AI-powered Samsung Health Assistant and new heart metrics tools like Vitals for overnight metric tracking in beta in August (www.bloomberg.com)
21 days ago Samsung AI

South Korea reports that, for the first 20 days of July, chip exports climbed 180.6% from the same period in 2025; computer-related product shipments grew ~232% (www.bloomberg.com)
22 days ago Korea

Source: Ancestry.com pitches a risky $1.75B term loan at 4 to 4.25 percentage points above the benchmark to refinance debt from its 2020 Blackstone acquisition (www.bloomberg.com)
22 days ago

Snap reaches a deal to settle the second case set for trial over social media harm to minors, following TikTok and YouTube, leaving Meta as the only defendant (www.bloomberg.com)
22 days ago YouTube

Source: Z.ai completed construction of a 1 GW data center housing only Chinese chips; Z.ai has built or operates several computing clusters each with 10K+ chips (www.bloomberg.com)
22 days ago China Real Estate AI

Cambridge-based CuspAI raised a $450M Series B led by Kleiner Perkins and NEA, and launched a coalition for AI materials discovery for chip and other industries (www.bloomberg.com)
23 days ago AI

Blackstone agrees to invest an undisclosed sum in South Korea-based Futronic, which makes actuators used in industrial robots, sources say at a ~$675M valuation (www.bloomberg.com)
23 days ago Korea Robot

Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (www.bloomberg.com)
23 days ago China Hong Kong IPO Alibaba

Thoughts on why Jony Ive, a close friend of Laurene Powell Jobs, isn't named in Apple's OpenAI suit; sources: Apple tests AI to record Genius Bar customer chats (www.bloomberg.com)
23 days ago AI Apple

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