Articles from www.bloomberg.com

Articles from www.bloomberg.com

In abandoning plans for a self-driving car, Apple is giving up on billions in potential revenue and hoping AI, Vision Pro, and other bets make up the difference (www.bloomberg.com)
2024-2-28 AI Apple Autonomous Car

Microsoft says its investment in Mistral AI amounts to €15M; EU regulators plan to analyze the investment, which could eventually lead to a formal investigation (www.bloomberg.com)
2024-2-28 Microsoft AI

In amended filings, Alibaba discloses previously unknown stakes by the Chinese government in more than 12 of its business entities, following a US SEC inquiry (www.bloomberg.com)
2024-2-28 China Alibaba

Tel Aviv-based Exodigo, which uses AI and sensors to make underground maps for energy, utility, transport, and construction companies, raised a $105M Series A (www.bloomberg.com)
2024-2-28 Energy AI

Intenseye, which uses computer vision to spot risks and enhance workplace safety, raised a $64M Series B led by Lightspeed, bringing its total funding to $90M (www.bloomberg.com)
2024-2-28

A US judge clears Chinese state-backed chipmaker Fujian Jinhua of economic espionage and other charges, over five years after the US blacklisted the company (www.bloomberg.com)
2024-2-28

Sources: Sonos delays its launch of $449 headphones to June, a month later than previously hoped, after hitting software snags, and aims to make up to 1M units (www.bloomberg.com)
2024-2-28

Sources: Klarna is in talks with banks for a potential US IPO as soon as Q3 2024 and is considering seeking a valuation of around $20B (www.bloomberg.com)
2024-2-28

Sources: Apple met with DOJ Assistant AG Jonathan Kanter last week in a final bid to avoid an antitrust suit, which is expected to be filed by the end of March (www.bloomberg.com)
2024-2-28

Seacom says a subsea cable was damaged in the area where Houthi fighters are targeting ships, highlighting how vulnerable critical subsea infrastructure can be (www.bloomberg.com)
2024-2-28

Sony says its PlayStation layoffs will also impact game makers Insomniac, Naughty Dog, and Guerrilla, three of its most successful subsidiaries (www.bloomberg.com)
2024-2-28

Sources: Apple is winding down Project Titan, its decade-long effort to make an electric car; Apple plans to move some impacted staff to generative AI projects (www.bloomberg.com)
2024-2-28

The US adds internet censorship tech provider Sandvine to its entity list, banning it from obtaining US tech, for supplying equipment to the government of Egypt (www.bloomberg.com)
2024-2-27 Egypt

The CTO for US Central Command says AI developed for Project Maven was used to narrow down targets for 85+ air strikes in the Middle East on February 2 (www.bloomberg.com)
2024-2-27 AI

Sources: Shein is in the early stages of exploring a London IPO, as it has judged unlikely that the SEC will approve its IPO in the US (www.bloomberg.com)
2024-2-27 IPO London

Canada introduces the Online Harms Act, which aims to hold platforms responsible for reducing exposure to damaging content and create a digital safety regulator (www.bloomberg.com)
2024-2-27 Canada

Zoom reports Q4 revenue of $1.15B, up 2.6% YoY, vs. $1.13B est., Enterprise revenue of $667M, up 4.9% YoY, and announces a $1.5B stock buyback; ZM jumps 10%+ (www.bloomberg.com)
2024-2-27 4Q

During oral arguments, justices seemed reluctant to completely strike down Texas and Florida social media laws but worried about impacts to companies' 1A rights (www.bloomberg.com)
2024-2-27 Texas

Sources: Indian government is evaluating $21B of chip proposals, including a $9B from Tower Semiconductor and an $8B from Tata Group for new plants in Gujarat (www.bloomberg.com)
2024-2-26 India

PeckShield warns that MicroStrategy's X account has been compromised; ZachXBT: the hacker stole about $440K from users that were scammed by the phishing post (www.bloomberg.com)
2024-2-26 Hacker

Sources: Apple has considered a fitness ring, smart glasses, and adding cameras and more advanced AI to AirPods, but is not actively developing these devices (www.bloomberg.com)
2024-2-26 AI Apple

Reddit's S-1 shows how dependent the site is on the unpaid labor of 60K active daily moderators and the whims of its users and subreddits like r/WallStreetBets (www.bloomberg.com)
2024-2-25 Reddit

New York City-based Fabric, which uses AI to automate clinical and administrative work in health care, raised a $60M Series A led by General Catalyst (www.bloomberg.com)
2024-2-24 AI New York

Sources: Jeff Bezos is investing $100M, Microsoft is investing $95M, and Nvidia $50M in humanoid robot startup Figure's ~$675M funding round at a ~$2B valuation (www.bloomberg.com)
2024-2-24 Microsoft Startup Robot Nvidia Jeff Bezos

Mark Zuckerberg is seeking to avoid being held personally liable in two dozen lawsuits accusing Meta of addicting children to its products in a hearing today (www.bloomberg.com)
2024-2-23 Zuckerberg

How Japan took a head start in the chips race thanks to factors not easily repeated elsewhere, including efficient government support and a low-cost workforce (www.bloomberg.com)
2024-2-23 Japan

EigenLayer, which facilitates crypto “restaking” to build Ethereum projects via a points system, raised $100M from a16z, after raising $50M in March 2023 (www.bloomberg.com)
2024-2-22 Ethereum

The RBI's crackdown on Paytm, Visa, and others seems driven by sketchy actors riding speed and scale, underpinned by issues of identity, tech, and competition (www.bloomberg.com)
2024-2-22

Sources: the Sequoia-Klarna spat stemmed from co-founders Sebastian Siemiatkowski and Victor Jacobsson, which dragged Michael Moritz and Sequoia into the fray (www.bloomberg.com)
2024-2-22

Google says the company will “pause the image generation of people” via Gemini “and will re-release an improved version soon” while working to fix its “issues” (www.bloomberg.com)
2024-2-22 Google

Previous Page Next Page