Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; board member Tom Conrad is named interim CEO (www.bloomberg.com)
23 days ago

Bloomberg EIC John Micklethwait predicts AI's impact on journalism: jobs will change, not vanish, reporting and breaking news will remain valuable, and more (www.bloomberg.com)
24 days ago AI

A look at Apple's plans for 2025, a year likely to be seen as a stepping stone toward more revolutionary products, rather than one of remarkable innovation (www.bloomberg.com)
24 days ago Apple

A survey finds that global banks could cut as many as 200K jobs in the next three to five years as AI encroaches on tasks currently carried out by human workers (www.bloomberg.com)
24 days ago AI

US export controls may have slowed China's AI progress but they also spurred DeepSeek to innovate and release DeepSeek-V3, a top LLM, without the latest chips (www.bloomberg.com)
24 days ago China AI

An interview with Arkady Volozh, CEO of Nebius, formerly Yandex NV, on selling Yandex's Russian business in 2024, competing with US AI startups, and more (www.bloomberg.com)
25 days ago Russia Interview Startup AI

Mark Zuckerberg lamented the rise of “culturally neutered” companies that have sought to distance themselves from “masculine energy” (www.bloomberg.com)
25 days ago Energy Zuckerberg

A look at the burgeoning underground market connecting job seekers to anonymous employees willing to make a referral at Microsoft, Nvidia, Spotify, and others (www.bloomberg.com)
25 days ago Microsoft Nvidia Spotify

Biden assailed Meta over its move to end third-party fact-checking on its social media platforms in the US, saying “it's really shameful” (www.bloomberg.com)
25 days ago

OpenAI CEO Sam Altman, Uber CEO Dara Khosrowshahi, and, a source says, Meta CEO Mark Zuckerberg are planning to attend Trump's inauguration events this month (www.bloomberg.com)
25 days ago Trump Uber Zuckerberg

Apple opposes a shareholder measure calling for an end to DEI efforts, saying the proposal was an inappropriate attempt to restrict Apple's business operations (www.bloomberg.com)
25 days ago Apple

Sources: OpenAI, Google, and other companies are collectively paying hundreds of content creators for access to their unpublished videos to train AI models (www.bloomberg.com)
26 days ago Google AI

Sources: HPE won a $1B deal in late 2024 to provide servers optimized for AI work for X; Dell and Super Micro also bid on the deal (www.bloomberg.com)
26 days ago AI

SCOTUS signals it is likely to uphold the TikTok divest-or-ban law, as a majority of justices suggested they see national security overriding free speech issues (www.bloomberg.com)
26 days ago Ban

More than half a dozen celebrity video game streamers returned to Twitch in 2024, after their multi-million dollar contracts with YouTube and Kick expired (www.bloomberg.com)
26 days ago YouTube

Internal data: Spotify had about 55M US subscribers as of Q3 2024, of which only around 607,000 were on the cheaper “basic” plan that doesn't include audiobooks (www.bloomberg.com)
26 days ago Spotify

How wartime GPS jamming has negatively impacted agriculture in Israel; in 2021, ~70% of Israeli farmers used GPS-guided equipment and precision-farming tech (www.bloomberg.com)
27 days ago Israel GPS

Sources: SoftBank and its majority-owned Arm are weighing acquiring Oracle-backed Ampere, which designs ARM-based server CPUs; Ampere is exploring its options (www.bloomberg.com)
27 days ago Oracle

JPMorgan files two lawsuits over its investment in fintech Viva Wallet; source: JPM claims €916M, alleging Viva deprived JPM the value of its 2022 investment (www.bloomberg.com)
28 days ago Fintech JPMorgan

Meta will launch a test in Germany, France and the US to publish eBay listings on Facebook Marketplace, after it was fined €798M by EU for abusing dominance (www.bloomberg.com)
28 days ago Germany France Facebook eBay

Major quantum computing stocks, up 300%+ in the past year, fell on January 7 after Jensen Huang said “very useful” quantum computers are likely decades away (www.bloomberg.com)
28 days ago Quantum

Magnitt: VC funding in the Middle East fell 29% YoY to $1.5B in 2024, with Saudi Arabia accounting for $750M, down 44% YoY, while the UAE saw $613M, down 8% YoY (www.bloomberg.com)
28 days ago Arabia Saudi Arabia

Micron plans to invest $7B over the next several years to expand its manufacturing footprint in Singapore, with a new HBM chip plant set to open in 2026 (www.bloomberg.com)
28 days ago Singapore Manufacturing

Inside Naver's 1784, a 36-level office tower in Seoul, which has ~4,500 employees working with 120 robots and serves as a testbed for various AI technologies (www.bloomberg.com)
28 days ago AI Robot

Indonesian e-commerce pioneer Bukalapak will stop sales of physical goods to focus on virtual goods like mobile credits, amid competition from Shopee and others (www.bloomberg.com)
28 days ago Mobile Indonesia

Ex-Facebook director Katie Harbath says Mark Zuckerberg's team uses elections to take stock of “where society is, to readjust how they're approaching content” (www.bloomberg.com)
28 days ago Facebook Zuckerberg

Tencent repurchased 3.93M Hong Kong shares worth $193M on January 7, its largest buyback since April 2006, following its addition to a US blacklist (www.bloomberg.com)
28 days ago Hong Kong Tencent

Samsung reports preliminary Q4 operating profit of ~$4.5B, missing analysts' average projection of ~$6.2B, and revenue of ~$51.7B, also missing estimates (www.bloomberg.com)
28 days ago Samsung 4Q

Sources: Addepar, a provider of wealth management and investment software, is in talks to raise $250M at a pre-money valuation of $3.25B, up from ~$2B in 2021 (www.bloomberg.com)
29 days ago

Chipmaker NXP agrees to buy Austrian automotive software developer TTTech Auto for $625M in cash to build out its products for software-defined vehicle makers (www.bloomberg.com)
29 days ago Austria

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