Articles from www.bloomberg.com

Articles from www.bloomberg.com

In a letter to Judge Kaplan, FTX CEO John Ray says SBF's claims of “zero” harm to users are “demonstrably false” and FTX had only 105 bitcoin when Ray took over (www.bloomberg.com)
2024-3-21 Bitcoin

OpenAI says it hasn't yet set a timeline for the release of Sora, as the company tries to catch up to other text-to-video AI startups like Runway AI (www.bloomberg.com)
2024-3-21 Startup AI

Young Chinese Ease Their Angst Over Economy by Playing Lottery (www.bloomberg.com)
2024-3-21 China

A UK jury finds Jian Wen guilty of laundering bitcoin for a Chinese fugitive allegedly behind a ~$6B fraud in China; police had seized BTC worth $2.2B+ in 2018 (www.bloomberg.com)
2024-3-21 China Bitcoin

Congress should think bigger than a TikTok ban, tech critics say (www.bloomberg.com)
2024-3-21 Ban

Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features (www.bloomberg.com)
2024-3-21 iPhone Apple

Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B (www.bloomberg.com)
2024-3-21 IPO

Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ (www.bloomberg.com)
2024-3-21 AI

India's Probe Finds Rogue Officials Involved in US Murder Plot (www.bloomberg.com)
2024-3-21 India

Germany's Birth Rate Plunges as War, Climate and Covid Deter Parents (www.bloomberg.com)
2024-3-21 Germany Climate

Cracks Are Now Appearing in the US Economy. What Does the Fed Do? (www.bloomberg.com)
2024-3-21

Illegal US Border Crossings Aren't Really Breaking Records (www.bloomberg.com)
2024-3-21

Toronto-based PocketHealth, which helps 775 health care providers exchange images covering 1.5M patients to cut costs, raised a $33M Series B led by Round13 (www.bloomberg.com)
2024-3-20 Toronto

TX pension decision (www.bloomberg.com)
2024-3-20

After damage to four major African subsea internet cables, some telecoms are rerouting traffic via Brazil or overland cables; repairs may take over three weeks (www.bloomberg.com)
2024-3-20 Africa Brazil

Iran and China may target US water systems in cyber attacks, warns white house (www.bloomberg.com)
2024-3-20 China Iran

Filing: MicroStrategy bought 9,245 bitcoin for $623M between March 11 and 18, taking its total holding to 214,246 bitcoin, worth ~$14B, or 1%+ of all bitcoin (www.bloomberg.com)
2024-3-20 Bitcoin

Tencent reports Q4 revenue up 7% YoY to ~$21.6B, vs. ~$21.8B est., a ~$3.8B net income, vs. ~$4.6B est., and plans a $12.8B+ stock buyback, as gaming sales slow (www.bloomberg.com)
2024-3-20 Tencent 4Q

France fines Google €250M for failing to broker deals with media outlets over content linking and using press content to train AI, after a €500M fine in 2021 (www.bloomberg.com)
2024-3-20 France Google AI

Sources: the Biden admin is considering blacklisting a number of Chinese chip firms linked to Huawei, after the company used an advanced 7nm chip in Mate 60 Pro (www.bloomberg.com)
2024-3-20 China

US Weighs Sanctioning Huawei's Secretive Chinese Chip Network (www.bloomberg.com)
2024-3-20 China

Musk Says His Ketamine Prescription Is in Investors' Best Interests (www.bloomberg.com)
2024-3-20

Inflection AI plans to license its technology to Microsoft; a source says investors in Inflection AI, which has raised more than $1.5B, will be made whole (www.bloomberg.com)
2024-3-20 Microsoft AI

The Fed Has a Lot of Questions to Answer About Its Balance Sheet (www.bloomberg.com)
2024-3-20

One study shows that nearly 60% of marketing majors are working high-school level jobs five years after graduating. (www.bloomberg.com)
2024-3-20

Microsoft hires DeepMind co-founder Mustafa Suleyman to run its consumer AI business, reporting to Satya Nadella, and hires most of the staff from Inflection AI (www.bloomberg.com)
2024-3-20 Microsoft AI

US Housing Starts Rise by More Than Forecast (www.bloomberg.com)
2024-3-20 Real Estate

Filing: Reddit says Nokia accused the company of infringing some of its patents, and is evaluating Nokia's claims, ahead of its planned IPO this week (www.bloomberg.com)
2024-3-19 IPO Reddit Nokia

Singapore-based online shopping rewards app ShopBack cuts 195 jobs, or 24% of its staff, to become self-sustainable; ShopBack raised a $200M Series E in 2022 (www.bloomberg.com)
2024-3-19 Singapore

Xiaomi reports Q4 revenue up 11% YoY to ~$10.2B, above ~$10.1B est., net income up 50% YoY to ~$653M, and plans to diversify its business by launching EVs (www.bloomberg.com)
2024-3-19 Xiaomi 4Q

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