Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

A deep dive into Apple's failed EV project: management's indecision, various prototypes, partnership talks with Mercedes-Benz, Tesla, McLaren, and others, more (www.bloomberg.com)
2024-3-7 Apple Tesla

Sources: the US presses the Netherlands, Germany, South Korea, and Japan, and other allies to tighten China chip rules, a controversial move drawing resistance (www.bloomberg.com)
2024-3-7 China Germany Japan Korea Netherlands

JD reports Q4 revenue up 3.6% YoY to ~$42.6B, beating ~$41.7B est., after offering discounts and launches a $3B three-year stock buyback program; JD jumps 8% (www.bloomberg.com)
2024-3-6 4Q

Sources: the Dutch government creates a taskforce to address ASML's issues, including expatriate workers and grid congestion, to keep ASML in the Netherlands (www.bloomberg.com)
2024-3-6 Netherlands

NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6% (www.bloomberg.com)
2024-3-6 Google

Boston-based Overjet, which offers AI software that helps diagnose dental disease from scans, raised a $53.2M Series C led by March Capital at a $550M valuation (www.bloomberg.com)
2024-3-6 AI

OpenAI hits back at Elon Musk's lawsuit, accusing Musk of suing the company when it “started making meaningful progress towards OpenAI's mission without him” (www.bloomberg.com)
2024-3-6 Elon Musk

New York-based RapidSOS, which develops systems to help emergency response teams, raised $75M led by BlackRock, bringing its latest round to a total of $150M (www.bloomberg.com)
2024-3-6 New York

Israel-based VC firm Team8 raised $500M from Microsoft, Cisco, and others for funds that will invest in 30+ cyber, data, AI, health, and other Israeli startups (www.bloomberg.com)
2024-3-6 Israel Microsoft Startup AI Cisco

At an event in Riyadh, AWS says the company plans to spend $5.3B in Saudi Arabia to create new infrastructure by 2026, DataVolt plans to invest $5B, and more (www.bloomberg.com)
2024-3-5 Arabia Saudi Arabia

Sources: Chinese AI startup MiniMax raised $600M+ led by Alibaba at a $2.5B+ valuation; the round remains in progress and HongShan has committed funds (www.bloomberg.com)
2024-3-5 China Alibaba Startup AI

A profile of Oregon-based Agility Robotics, which tests its humanoid warehouse robots in the real world and has named ex-Magic Leap CEO Peggy Johnson as its CEO (www.bloomberg.com)
2024-3-5 Robot

Sources: US officials told AMD that the company's AI chip for the Chinese market was still too powerful and it must obtain a license in order to sell it (www.bloomberg.com)
2024-3-5 China AI AMD

Anthropic announces Claude 3 Opus, Sonnet, and Haiku, aiming to improve factual accuracy; Opus and Sonnet are available now, and Haiku in the coming weeks (www.bloomberg.com)
2024-3-5

Sea reports Q4 revenue up 4.8% to $3.6B, above $3.5B est., and adjusted EBITDA down 74% YoY to $126.7M, above $88M est., due to market expenses; SE jumps 11%+ (www.bloomberg.com)
2024-3-5 4Q

Saudi Arabian e-commerce software startup Salla raised $130M from Investcorp, Sanabil, and others, in what is likely to be its last funding round before an IPO (www.bloomberg.com)
2024-3-4 IPO Startup Saudi Arabia

A look at Apple's hubris that doomed the electric car project, spring hardware updates without a dedicated event, and Dan Riccio's retirement plans (www.bloomberg.com)
2024-3-4 Apple

A look at Project Maven, the US DOD's flagship AI effort which identifies battlefield targets, and at concerns, including adversaries poisoning training data (www.bloomberg.com)
2024-3-2 AI

An analysis of Musk's claims in his OpenAI lawsuit, which seeks to open up GPT-4's source code, end Microsoft exclusivity, and stop OpenAI's for-profit work (www.bloomberg.com)
2024-3-2 Microsoft

Elon Musk might be suing OpenAI because he is a troll and has a grudge but his lawsuit puts a spotlight on the empty humanitarian posturing by AI businesses (www.bloomberg.com)
2024-3-2 AI Elon Musk

Meta says it plans to deprecate the Facebook News tab in the US and Australia in early April 2024 and won't sign new deals for news content in those countries (www.bloomberg.com)
2024-3-1 Australia Facebook

HPE reports Q1 revenue down 14% YoY to $6.76B, vs. $7.1B est., Server revenue down 23% YoY to $3.4B, and reduces its FY 2024 outlook for sales growth and profit (www.bloomberg.com)
2024-3-1

Source: Embracer will sell its subsidiary Saber Interactive to private investors in a $500M deal, making Saber a privately owned company with ~3,500 staff (www.bloomberg.com)
2024-3-1

Alibaba is cutting prices for over 100 core cloud products in China by up to 55%, and 20% on average, including data storage and elastic computing products (www.bloomberg.com)
2024-2-29 China Alibaba

Tim Cook says Apple will “break new ground” on generative AI this year; Apple shareholders reject a request for report into whether Apple is using AI ethically (www.bloomberg.com)
2024-2-29 AI Apple Tim Cook

Toronto-based Ideogram, which is introducing a text-to-image AI model that generates images with legible text, raised an $80M Series A led by a16z (www.bloomberg.com)
2024-2-29 AI Toronto

Baidu reports Q4 revenue up 6% YoY to ~$4.9B and net income down 48% YoY to ~$366M, as chatbot Ernie, which has 100M+ users, began to augment its ads business (www.bloomberg.com)
2024-2-28 chatbot 4Q

Sources: Gemini's image generation tool had a technical fix to reduce bias in its outputs but Google didn't anticipate the overcorrection and wasn't transparent (www.bloomberg.com)
2024-2-28 Google

Filing: Applied Materials discloses “multiple subpoenas” as recently as February from US agencies, including the SEC, about the company's Chinese business (www.bloomberg.com)
2024-2-28 China

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