Articles from www.bloomberg.com

Articles from www.bloomberg.com

A US appeals court panel appeared skeptical of Google's bid to overturn a 2023 jury verdict that declared the Play Store an illegal monopoly in the Epic case (www.bloomberg.com)
2025-2-4 Google

Trump signs an executive action to form a sovereign wealth fund; Commerce secretary nominee Howard Lutnick says it may be used to facilitate a sale of TikTok US (www.bloomberg.com)
2025-2-4 Trump

MicroStrategy says it didn't buy any bitcoin in the prior week, ending a run of 12 consecutive weekly purchases worth $20B+ starting in October 2024 (www.bloomberg.com)
2025-2-4 Bitcoin

Sources: the EU Commission and four member nations plan a probe into Shein over illegal products, opening the fast fashion marketplace up to potential fines (www.bloomberg.com)
2025-2-4

The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung (www.bloomberg.com)
2025-2-3 Samsung

AI adoption has outpaced that of PCs and the internet, but evidence of its boost to productivity is thin on the ground; study: 40% of US adults have used AI (www.bloomberg.com)
2025-2-3 AI

Some parents say they are eschewing 529 college savings plans and other traditional investments to invest in cryptocurrency to build wealth for their children (www.bloomberg.com)
2025-2-3 Cryptocurrency

Donald Trump's EO imposing levies on China says the “de minimis” exemption for items under $800 no longer applies, which could affect Alibaba, Shein, and others (www.bloomberg.com)
2025-2-2 Trump China Alibaba

Japan plans to expand export controls on advanced chips, lithography equipment, and cryocoolers for quantum computers, with new rules taking effect by late May (www.bloomberg.com)
2025-2-2 Japan Quantum

Instagram and Facebook, which blocked news links in Canada, are hosting hundreds of scam ads pretending to be from news outlets ahead of Canadian elections (www.bloomberg.com)
2025-2-1 Facebook Instagram Canada

Appfigures: DeepSeek has topped the list of the most downloaded mobile apps across 140 markets, with India accounting for 15.6% of all downloads since launch (www.bloomberg.com)
2025-2-1 India Mobile

Docs: Amazon will spend $16B to build two Mississippi data center campuses, up from $10B it announced a year ago, underscoring rising AI infrastructure costs (www.bloomberg.com)
2025-2-1 Amazon AI

Sources: Apple canceled a project to build AR glasses that would pair with the Mac; the company is still working on successors to the Vision Pro (www.bloomberg.com)
2025-2-1 Apple AR

Kraken says its revenue hit $1.5B in 2024, up from $671M in 2023, and it finished the year with 2.6M funded accounts, with $42.8B in assets held on the platform (www.bloomberg.com)
2025-2-1 Asset

Sources: STMicroelectronics is considering reducing its workforce by about 6%, or up to 3,000 jobs, through early retirements and attrition, amid a chip slump (www.bloomberg.com)
2025-2-1

Sources: US officials are investigating whether DeepSeek bought advanced Nvidia chips from third parties in Singapore, circumventing US restrictions on AI chips (www.bloomberg.com)
2025-1-31 AI Singapore Nvidia

Sources: Samsung's 8-layer HBM3E was cleared by Nvidia in December for use in Nvidia's less powerful AI processors tailored for the Chinese market (www.bloomberg.com)
2025-1-31 China Samsung AI Nvidia

PitchBook: a spike in stock-market volatility due to DeepSeek may further complicate hopes for a rebound in venture-backed IPOs in 2025 (www.bloomberg.com)
2025-1-31 IPO

Sources: bankers trying to offload ~$3B in X debt claim X had $1.2B in adjusted EBITDA in 2024, roughly flat from before Elon Musk's buyout, a sign of recovery (www.bloomberg.com)
2025-1-31 Elon Musk

The US DOJ sues to block HPE's $14B acquisition of Juniper Networks, arguing the deal would harm competition in the enterprise wireless equipment (www.bloomberg.com)
2025-1-31

Documents: in the Biden administration's final days, the FTC sent info demands to Uber and Lyft, as it probes whether they coordinated to limit NYC driver pay (www.bloomberg.com)
2025-1-31 Uber

Cybersecurity firms Netskope and Armis say “hundreds” of companies and government agencies globally are moving to block DeepSeek due to data leak concerns (www.bloomberg.com)
2025-1-31

Sam Altman briefed US policymakers on the need to invest heavily in physical infrastructure with Stargate to support AI development, citing the rise of DeepSeek (www.bloomberg.com)
2025-1-31 AI

Court filing: Elon Musk, seeking to dismiss Don Lemon's lawsuit, blames an “invasive and charged interview” for canceling Lemon's $1.5M partnership with X (www.bloomberg.com)
2025-1-30 Interview Elon Musk

A look at FathomVerse, a mobile game that helps scientists identify deep sea creatures by using players' contributions to train AI for underwater robots (www.bloomberg.com)
2025-1-30 Mobile AI Robot

During his confirmation hearing for Secretary of Commerce, Howard Lutnick called the CHIPS Act an “excellent down payment” but pledged to review binding awards (www.bloomberg.com)
2025-1-30

Employer.com founder Jesse Tinsley says his US investor group vying to buy TikTok has secured $20B+ and recruited the CEOs of Roblox and Anchorage as investors (www.bloomberg.com)
2025-1-30

A look at Huawei's HarmonyOS Next, a China-only OS decoupled from Android that is still missing many third-party apps and features, and feels far from complete (www.bloomberg.com)
2025-1-30 Android China

IBM reports Q4 revenue up 1% YoY to $17.6B, vs. $17.5B est., bookings for AI consulting and software crossed $5B, up from $3B in Q3; IBM jumps 8%+ after hours (www.bloomberg.com)
2025-1-30 IBM AI 4Q

Sources: the Trump administration is exploring additional curbs on the sale of chips to China to cover Nvidia's scaled-down H20, designed for the Chinese market (www.bloomberg.com)
2025-1-30 Trump China Nvidia

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