Articles from www.bloomberg.com

Articles from www.bloomberg.com

A look at Europe's growing roster of female data regulators out to rein in US big tech companies; 50%+ of EU's 30 data protection authorities are led by women (www.bloomberg.com)
2024-3-9 Europe

Online card game Balatro, created by a solo Canadian developer who goes by the handle LocalThunk, has sold 500K+ copies on Steam at $15 each in just two weeks (www.bloomberg.com)
2024-3-9 Canada

Biden backs bill forcing TikTok sale: “If they pass it, I'll sign it.” (www.bloomberg.com)
2024-3-9

Sources: the Biden admin is weighing sanctions on memory chipmaker CXMT and five other Chinese companies, in response to Huawei's 5G chip breakthrough in 2023 (www.bloomberg.com)
2024-3-9 China 5G

OpenAI probe: the board's decision to fire Altman was because of a “breakdown in trust”, not concerns about product safety, the pace of development, or finances (www.bloomberg.com)
2024-3-9

EU Aims to Move Forward With Ukraine Accession Talks Next Week (www.bloomberg.com)
2024-3-9 Europe Ukraine

Solar Panels Spread Across America's Heartland as Farmers Chase Stable Returns | US farmers are turning to solar power as a buffer against volatile crop prices, and Biden's clean-energy tax incentives are set to boost the trend. (www.bloomberg.com)
2024-3-9 U.S. Tax Energy Solar

Sources: TSMC to win $5B+ in grants to support an Arizona chipmaking project; Samsung offered additional investment to its $17B Texas factory to boost its award (www.bloomberg.com)
2024-3-9 Samsung Texas

Coinbase stock crosses the exchange's 2021 direct listing price of $250 after growing over 300% in the last 12 months, as bitcoin hovers around record highs (www.bloomberg.com)
2024-3-9 Bitcoin Coinbase

TikTok's US popularity is not just a national security issue but also highlights the failure of the US tech industry to come up with an equally addictive app (www.bloomberg.com)
2024-3-9

Biden Understood the Assignment With State of the Union (www.bloomberg.com)
2024-3-9

Filing: chipmaker Astera Labs, which offers cloud and AI connectivity hardware, plans to raise as much as $534M in its US IPO (www.bloomberg.com)
2024-3-8 IPO AI

Sources: China is in the process of raising $27B+ for its largest chip fund ever to counter US curbs, with most of the capital expected from local governments (www.bloomberg.com)
2024-3-8 China

Tests show GPT 3.5 systematically produces biases that disadvantage protected groups based on their names alone when screening and ranking candidates for jobs (www.bloomberg.com)
2024-3-8

Swift Tour Prompts Economists to Upgrade Singapore GDP Forecast (www.bloomberg.com)
2024-3-8 Singapore GDP

Sources say SMIC used equipment from California-based Applied Materials and Lam Research to manufacture an advanced 7nm chip for Huawei in 2023 (www.bloomberg.com)
2024-3-8 California

UnitedHealth says electronic prescribing is restored and expects its payments platform back online by March 15, after a hack prompted disruptions two weeks ago (www.bloomberg.com)
2024-3-8

Joe Biden Has Mastered the Art of Quiet Presidenting (www.bloomberg.com)
2024-3-8

Reddit's IPO Success Hinges on Infamously Unruly User Base (www.bloomberg.com)
2024-3-8 IPO Reddit

Immigration Rage Drowns Out the US Labor Market's Need for Workers (www.bloomberg.com)
2024-3-8 Immigration

Live Blog: Fed Chair Powell Testifies Before the Senate (www.bloomberg.com)
2024-3-8 Senate

California Mints Millionaires Faster Than They Can Leave — New IRS data show the state's share of US taxpayers making $1 million or more rose from 2019 to 2021. The same can't be said of Florida, Texas and New York. (www.bloomberg.com)
2024-3-8 New York California Texas

India Frees 10,000 More Soldiers to Guard Border With China (www.bloomberg.com)
2024-3-8 China India

What Has Biden Accomplished? Look at These 10 Metrics, Not the Polls (www.bloomberg.com)
2024-3-8

Sources: Discord revenue has quadrupled since 2020 to over $600M on an annualized basis; Discord says it now has 200M+ MAUs and launches rewards for gamers (www.bloomberg.com)
2024-3-8

Sources: after the resolution of the Sequoia-Klarna ordeal, Klarna's co-founders continue to clash on key governance decisions, like post-IPO control of Klarna (www.bloomberg.com)
2024-3-8 IPO

How Microsoft has run a local version of Bing in China since 2009, helping Beijing maintain its Great Firewall; China was just 1.8% of Microsoft's sales in 2020 (www.bloomberg.com)
2024-3-7 China Microsoft

Robinhood says up to 25% of its trading volume is outside of traditional market hours, and investors have traded $10B+ overnight since its 24-hour rules in 2023 (www.bloomberg.com)
2024-3-7

The EU confirms requesting further explanations from Apple over barring Epic's developer account under the DMA, and is examining if Apple broke any other rules (www.bloomberg.com)
2024-3-7 Apple

SK Hynix plans to invest over $1B in advanced chip packaging in South Korea, as the company hopes to capture the growing demand for high-bandwidth memory (www.bloomberg.com)
2024-3-7 Korea

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