Articles from www.bloomberg.com

Articles from www.bloomberg.com

HP reports Q4 revenue up 1.7% YoY to $14.1B, Personal Systems revenue up 2% to $9.59B vs. $9.74B est., forecasts Q1 profit below est.; HPQ drops 7%+ after hours (www.bloomberg.com)
2024-11-27 4Q

Uber launches a data labeling service called Scaled Solutions, accepting gig worker signups from India, the US, Canada, Poland, and Nicaragua (www.bloomberg.com)
2024-11-27 India Uber Canada Poland

/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation (www.bloomberg.com)
2024-11-27 AI

OpenAI, Meta, and Orange plan to train AI models on African languages, starting with Wolof and Pulaar, addressing a shortage for Africa's thousands of dialects (www.bloomberg.com)
2024-11-26 AI Africa

Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations (www.bloomberg.com)
2024-11-26

Sources: Xiaomi prepares its own mobile chip for its smartphones, to reduce reliance on Qualcomm and MediaTek, with mass production expected to begin in 2025 (www.bloomberg.com)
2024-11-26 Mobile Xiaomi

Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition” (www.bloomberg.com)
2024-11-26 Intel

Tron founder Justin Sun invests $30M in Trump's World Liberty Financial, making him the largest investor in the DeFi project (www.bloomberg.com)
2024-11-26 Trump

Austin-based anti-ransomware startup Halcyon raised $100M at a $1B valuation led by Evolution Equity Partners, bringing its total funding to date to $190M (www.bloomberg.com)
2024-11-26 Startup Equity

Klarna reports ~$1.85B in Q1 to Q3 2024 revenue, up 23% YoY, pretax loss down 99% YoY to ~$180K, and Q3 net income up 57% YoY to ~$19.7M, as its US IPO nears (www.bloomberg.com)
2024-11-26 IPO

The EU says Corning offered commitments in a bid to settle an antitrust probe over alleged exclusive Gorilla Glass deals, including waiving exclusive clauses (www.bloomberg.com)
2024-11-26

Sources: Sony is in the early stages of developing a portable console to play PS5 games, building on the PlayStation Portal, although its launch is years away (www.bloomberg.com)
2024-11-25 Sony

Shares of Japan's Fujikura, which specializes in fiber optic cables for data centers, are up 400%+ in 2024 due to the AI boom, leading the Nikkei 225 index (www.bloomberg.com)
2024-11-25 Japan AI

A profile of Chris Maurice, CEO of US-based stablecoin startup Yellow Card, which operates in 20 African countries and has traded $3B+ worth of crypto in 2024 (www.bloomberg.com)
2024-11-25 Startup Africa

Sources: Cantor Fitzgerald plans a $2B program to lend dollars to clients who put up Bitcoin as collateral and is talking with Tether about support (www.bloomberg.com)
2024-11-25 Bitcoin

Thoughts on Apple TV's history and future; sources: a larger-than-usual number of features scheduled for iOS 19 have been postponed to iOS 19.4 in spring 2026 (www.bloomberg.com)
2024-11-25 IOS Apple

Gamers who prefer playing together are fueling demand for esports hotels across China; research firm Niko Partners says China has more than 21,000 such hotels (www.bloomberg.com)
2024-11-24 China

Around 56% of the $8.2B in financial remedies that the US SEC obtained in FY 2024 is attributable to a monetary judgment against Terraform Labs and Do Kwon (www.bloomberg.com)
2024-11-24 Monetary

Jensen Huang urged global cooperation and highlighted China's contributions to AI, as he accepted an honorary doctorate degree in engineering in Hong Kong (www.bloomberg.com)
2024-11-23 China Hong Kong AI

China's richest man Zhong Shanshan accused PDD of harming his bottled-water empire through a price war and ByteDance of fanning online vitriol targeting him (www.bloomberg.com)
2024-11-23 China

A US judge declines to sanction Musk for skipping an SEC meeting for a probe into his Twitter takeover, as he reimbursed the SEC and met its lawyers in October (www.bloomberg.com)
2024-11-23 Twitter

Filing: Japanese chipmaker Kioxia plans its Tokyo Stock Exchange debut on December 18 and sets its indicative IPO price at about $9 per share to raise ~$180M (www.bloomberg.com)
2024-11-22 Japan IPO Tokyo

The UK plans to draft a regulatory framework to oversee stablecoins and staking services as part of a single overarching regime for cryptoassets in early 2025 (www.bloomberg.com)
2024-11-22

Klarna's planned US IPO in H1 2025 could presage an uptick in IPOs by fintechs like Trustly, Chime, Zilch, Plaid, and Revolut after a relatively slow period (www.bloomberg.com)
2024-11-22 IPO

Sources: Apple is testing a more conversational version of Siri, dubbed “LLM Siri”, with plans to release it in spring 2026 as part of iOS 19 and macOS 16 (www.bloomberg.com)
2024-11-22 IOS Apple

Colorado-based Enveda, which uses AI to find drug candidates, raised $130M, after raising $55M in June, and launches a clinical trial for an oral eczema drug (www.bloomberg.com)
2024-11-22 AI

Alibaba appoints Jiang Fan its new e-commerce chief in an overhaul of the struggling business; Jiang was demoted in 2020 after allegations of improper conduct (www.bloomberg.com)
2024-11-21 Alibaba

CFPB will supervise tech companies offering digital wallets, including Apple Pay, by treating them like banks as long as they handle 50M+ transactions per year (www.bloomberg.com)
2024-11-21 Apple Apple Pay

London-based Lighthouse, which offers tools to help hotels analyze market demand and rates, raised a ~$370M Series C led by KKR, sources say at a $1B+ valuation (www.bloomberg.com)
2024-11-21 London

Filing: the US DOJ's proposal requires Google to allow websites more ability to opt-out of its AI products and provide more ad placement controls to advertisers (www.bloomberg.com)
2024-11-21 Google AI

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