Articles from www.bloomberg.com

Articles from www.bloomberg.com

US officials have struck binding deals for 85% of the CHIPS Act funding; sources: Gina Raimondo said her successor, Howard Lutnick, is committed to the program (www.bloomberg.com)
2025-1-19

Amazon suspends drone deliveries in Texas and Arizona to fix the drones' software after two of its latest models crashed in rainy weather at a testing facility (www.bloomberg.com)
2025-1-18 Amazon Drone Texas

The FTC says Genshin Impact maker Cognosphere will pay $20M to settle claims that it deceived players about the cost of winning prizes and mishandled kids' data (www.bloomberg.com)
2025-1-18

The FTC releases a report saying Microsoft's $13B investment in OpenAI raises concerns that the company could extend its cloud computing dominance into AI (www.bloomberg.com)
2025-1-18 Microsoft AI

SCOTUS upholds the TikTok divest-or-ban law, says free speech rights must yield to concerns that Chinese control of the app creates a national-security risk (www.bloomberg.com)
2025-1-18 China Ban

Sources: Chinese hackers breached US Treasury Secretary Janet Yellen's computer and accessed fewer than 50 unclassified files; two deputies were also hacked (www.bloomberg.com)
2025-1-18 China

Bumble founder Whitney Wolfe Herd will return to the company as CEO in mid-March, replacing current CEO Lidiane Jones, who is departing for “personal reasons” (www.bloomberg.com)
2025-1-18

In a first, Samsung will pay 50%-100% of executive bonuses in stock starting January 2026, linking compensation to share performance amid chipmaking struggles (www.bloomberg.com)
2025-1-17 Samsung

Crypto wallet Phantom raised a $150M Series C co-led by Sequoia Capital and Paradigm at a $3B valuation, more than double its $1.2B valuation in January 2022 (www.bloomberg.com)
2025-1-17

Sources: Trump plans an EO to elevate crypto to a national imperative or priority and create a crypto advisory council to advocate for industry priorities (www.bloomberg.com)
2025-1-17 Trump

Doc: FBI leaders have warned that they believe the hackers who broke into AT&T's system last year stole months of their agents' call and text logs (www.bloomberg.com)
2025-1-17 FBI AT&T

Zhou Chaonan, the chairwoman of data center operator Range Intelligent, has become China's third richest woman after her company's stock rose 105% in 2024 (www.bloomberg.com)
2025-1-17 China

A look at the legal dispute between Walgreens and Cooler Screens, which installed 10,000 smart doors that track shoppers and show ads at Walgreens' US stores (www.bloomberg.com)
2025-1-17

E-commerce marketing startup Rokt agrees a secondary share sale at a $3.5B valuation ahead of a 2026 IPO, and acquires customer data startup mParticle for $300M (www.bloomberg.com)
2025-1-17 IPO Startup

Sources: the biggest shareholders of viral app Xiaohongshu, or RedNote, are in talks to sell part of their holdings at a valuation of at least $20B (www.bloomberg.com)
2025-1-17

Sources: Nothing seeks to raise at least $100M in its Series C; it crossed $1B in lifetime sales, sold 7M devices to date, and doubled revenue to $500M+ in 2024 (www.bloomberg.com)
2025-1-16

Germany-based Neura Robotics, which is building cognitive, humanoid robots for logistics and other sectors, raised a €120M Series B led by Lingotto Investment (www.bloomberg.com)
2025-1-16 Germany Robot Logistics

TSMC reports Q4 sales up 38.8% YoY to ~$26.38B, net income up 57% YoY to ~$11.4B, both above estimates; stock jumped 80%+ in 2024, its biggest gain since 1999 (www.bloomberg.com)
2025-1-16 4Q

India has deployed AI and other tech at the Maha Kumbh Mela in Prayagraj to ensure the safety of ~450M pilgrims and trace missing people during the festival (www.bloomberg.com)
2025-1-16 India AI

China plans to probe whether the US gives its chipmakers an unfair advantage through grants or undercuts Chinese products illegally, escalating the chip war (www.bloomberg.com)
2025-1-16 China

Official report: Chinese hackers who breached the US Treasury accessed 400+ computers and stole over 3K files; classified data and email systems were safe (www.bloomberg.com)
2025-1-16 China

Insight Partners raised $12.5B for its 13th flagship fund, down from its initial target of $20B, making it one of the biggest tech-focused funds (www.bloomberg.com)
2025-1-16

The US unveils new rules to curb flow of advanced chips produced by TSMC and others to China and sanctions 16 Chinese companies building China's chip industry (www.bloomberg.com)
2025-1-16 China

How gamers are turning gaming PCs into fashion statements: iBuypower customers spend an average of ~$2.4K on custom-built gaming PCs and $1.6K on prebuilt ones (www.bloomberg.com)
2025-1-16

The Philippines' decision to supercharge its online gambling sector has been disastrous, opening the door to crimes, including money laundering, in the country (www.bloomberg.com)
2025-1-15 Philippines

The VisionTrack Composite Index, which tracks the performance of 130 crypto-focused hedge funds, rose 40% in 2024, compared to Bitcoin's 120% surge that year (www.bloomberg.com)
2025-1-15 Bitcoin

The Netherlands tightens export control rules, requiring ASML and ASM International to seek licenses from the Dutch government for some chipmaking tools (www.bloomberg.com)
2025-1-15 Netherlands

PUBG developer Krafton, whose Seoul-listed shares are up more than 70% since early 2024, plans to invest over $136M in 2025 in more than a dozen game studios (www.bloomberg.com)
2025-1-15

Tether plans to relocate its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license in the country (www.bloomberg.com)
2025-1-15 Asset

The CFTC puts trading of sports derivatives, including Super Bowl, on Crypto.com under review; the firm says it rejected the CFTC's request to halt such trading (www.bloomberg.com)
2025-1-15 CFTC

Previous Page Next Page