Articles from www.bloomberg.com

Articles from www.bloomberg.com

Neuralink receives approval from Canada to launch clinical trials of its brain implants and plans to run its first non-US trial with Toronto Western Hospital (www.bloomberg.com)
2024-11-21 Canada Toronto

US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto (www.bloomberg.com)
2024-11-21

Sources: Trump's team is talking with the crypto industry over whether to create a White House post dedicated to cryptocurrency policy and is vetting candidates (www.bloomberg.com)
2024-11-21 Trump Cryptocurrency

The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York (www.bloomberg.com)
2024-11-21 New York

Vista sells a minority stake in IT infrastructure monitoring company LogicMonitor to investors in a deal valuing it at ~$2.4B; LogicMonitor also raised $800M (www.bloomberg.com)
2024-11-21

As OpenAI, Anthropic, and Google reportedly see diminishing AI training returns, a break from the market hype could be useful, just as with previous innovations (www.bloomberg.com)
2024-11-20 Google AI

SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push (www.bloomberg.com)
2024-11-20 China Nvidia Shanghai

Lisbon-based Tekever, which builds aerial surveillance drones that can serve as the communication and navigation hub for swarms of smaller drones, raised €70M (www.bloomberg.com)
2024-11-20 Drone

The US-led crypto rally is leaving its mark in Asia as Bhutan's BTC holdings reached $1.1B, 36% of its GDP, increased trading activity in South Korea, and more (www.bloomberg.com)
2024-11-20 Korea Asia GDP

Shanghai-based satellite company SpaceSail plans to provide internet in Brazil in 2026; SpaceSail launched its first 36 satellites in August and September (www.bloomberg.com)
2024-11-20 Brazil Shanghai

Qualcomm expects its automotive and IoT businesses to drive combined revenues of $22B by FY 2029, including $8B from automotive chips and $4B from PC chips (www.bloomberg.com)
2024-11-20 IoT

Source: Microsoft reaches a deal with News Corp's HarperCollins to use nonfiction titles to train AI models; HarperCollins says authors can opt out (www.bloomberg.com)
2024-11-20 Microsoft AI

Robinhood agrees to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, in a $300M deal expected to close in H1 2025 (www.bloomberg.com)
2024-11-20

Kong, which helps customers manage APIs, raised a $175M Series E co-led by Tiger Global and Balderton at a $2B valuation, taking its total raised to $345M (www.bloomberg.com)
2024-11-20

Rox, which is developing AI-powered agents for salespeople, raised $50M across seed led by Sequoia and Series A led by General Catalyst (www.bloomberg.com)
2024-11-20 AI

Smart ring maker Oura raised a $75M Series D from medical device company Dexcom at a $5B+ valuation, up from $2.6B in 2022 (www.bloomberg.com)
2024-11-20

Microsoft unveils Azure AI Foundry to make LLM switching easier, says 60,000 customers use Azure AI, and updates 365 Copilot to automate repetitive tasks (www.bloomberg.com)
2024-11-20 Microsoft AI

The UK CMA clears Google's partnership with Anthropic, finding that Google has not gained “material influence” over the AI startup, following a formal probe (www.bloomberg.com)
2024-11-19 Google Startup AI

Super Micro hires BDO USA as its new independent auditor and files a plan to come into compliance with Nasdaq listing requirements; SMCI jumps 29%+ pre-market (www.bloomberg.com)
2024-11-19 U.S.

Sources: Huawei is designing its next two Ascend chips around a 7nm architecture, meaning its marquee chips will be stuck with aging tech until at least 2026 (www.bloomberg.com)
2024-11-19

Google and Nvidia say Google's Quantum AI division will use Nvidia's Eos supercomputer to speed up the design of quantum components (www.bloomberg.com)
2024-11-19 Google AI Nvidia Quantum EOS

Sources: Apple has raised its offer to invest in Indonesia from about $10M to almost $100M, in a bid to persuade the government to lift its iPhone 16 sales ban (www.bloomberg.com)
2024-11-19 iPhone Apple Ban Indonesia

Sources: DOJ antitrust officials plan to ask a judge to force Google to sell Chrome, license Search data, uncouple Android from Search and Google Play, and more (www.bloomberg.com)
2024-11-19 Android Google Chrome

Sources: DOJ antitrust officials have decided to, along with states' AGs, ask a judge to force Google to spin off Chrome and impose data licensing requirements (www.bloomberg.com)
2024-11-19 Google Chrome

Goldman Sachs says it is reaching out to potential partners about plans to spin out its digital-assets platform within 12 to 18 months (www.bloomberg.com)
2024-11-19 Goldman Asset

MicroStrategy bought ~51,780 bitcoin for ~$4.6B between November 11 and November 17, its largest purchase since starting in 2020, and now holds $29B in bitcoin (www.bloomberg.com)
2024-11-19 Bitcoin

Tim Berners-Lee's Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI's rise (www.bloomberg.com)
2024-11-18 AI Belgium

Xiaomi reports Q3 revenue up 31% YoY to ~$12.8B, above ~$12.4B est., and a ~$738.5M net income, above ~$653M est., buoyed by growing smartphone and EV sales (www.bloomberg.com)
2024-11-18 Xiaomi

How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI's promise will require $1T+ for data centers, electricity, and more (www.bloomberg.com)
2024-11-18 AI Wall Street

Trump: FCC commissioner Brendan Carr will chair the FCC; Carr has suggested limiting Section 230 of the Communications Act to curb Big Tech content moderation (www.bloomberg.com)
2024-11-18 Trump

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