Articles from www.bloomberg.com

Articles from www.bloomberg.com

JPMorgan files two lawsuits over its investment in fintech Viva Wallet; source: JPM claims €916M, alleging Viva deprived JPM the value of its 2022 investment (www.bloomberg.com)
2025-1-9 Fintech JPMorgan

Meta will launch a test in Germany, France and the US to publish eBay listings on Facebook Marketplace, after it was fined €798M by EU for abusing dominance (www.bloomberg.com)
2025-1-9 Germany France Facebook eBay

Major quantum computing stocks, up 300%+ in the past year, fell on January 7 after Jensen Huang said “very useful” quantum computers are likely decades away (www.bloomberg.com)
2025-1-8 Quantum

Magnitt: VC funding in the Middle East fell 29% YoY to $1.5B in 2024, with Saudi Arabia accounting for $750M, down 44% YoY, while the UAE saw $613M, down 8% YoY (www.bloomberg.com)
2025-1-8 Arabia Saudi Arabia

Micron plans to invest $7B over the next several years to expand its manufacturing footprint in Singapore, with a new HBM chip plant set to open in 2026 (www.bloomberg.com)
2025-1-8 Singapore Manufacturing

Inside Naver's 1784, a 36-level office tower in Seoul, which has ~4,500 employees working with 120 robots and serves as a testbed for various AI technologies (www.bloomberg.com)
2025-1-8 AI Robot

Indonesian e-commerce pioneer Bukalapak will stop sales of physical goods to focus on virtual goods like mobile credits, amid competition from Shopee and others (www.bloomberg.com)
2025-1-8 Mobile Indonesia

Ex-Facebook director Katie Harbath says Mark Zuckerberg's team uses elections to take stock of “where society is, to readjust how they're approaching content” (www.bloomberg.com)
2025-1-8 Facebook Zuckerberg

Tencent repurchased 3.93M Hong Kong shares worth $193M on January 7, its largest buyback since April 2006, following its addition to a US blacklist (www.bloomberg.com)
2025-1-8 Hong Kong Tencent

Samsung reports preliminary Q4 operating profit of ~$4.5B, missing analysts' average projection of ~$6.2B, and revenue of ~$51.7B, also missing estimates (www.bloomberg.com)
2025-1-8 Samsung 4Q

Sources: Addepar, a provider of wealth management and investment software, is in talks to raise $250M at a pre-money valuation of $3.25B, up from ~$2B in 2021 (www.bloomberg.com)
2025-1-8

Chipmaker NXP agrees to buy Austrian automotive software developer TTTech Auto for $625M in cash to build out its products for software-defined vehicle makers (www.bloomberg.com)
2025-1-7 Austria

PitchBook: US startups raised $209B in 2024, up ~33% from 2023; AI startups raised $97B, the largest portion on record; VCs raised $76.1B, the lowest since 2019 (www.bloomberg.com)
2025-1-7 Startup AI

Sources: China-backed hackers targeted the Philippine president's office and stole sensitive data as part of a yearslong, broad espionage campaign (www.bloomberg.com)
2025-1-7 China Philippines

Meta elected three new directors to its board, including UFC CEO and outspoken Donald Trump supporter Dana White (www.bloomberg.com)
2025-1-7 Trump

Gemini agrees to pay $5M to end a CFTC claim that it misled the derivatives regulator in a bid to launch the first US-regulated Bitcoin futures contract (www.bloomberg.com)
2025-1-7 Bitcoin CFTC

Tencent's stock drops 6%+ after the US DoD added it to a blacklist of companies with alleged ties to China's military; it may face delisting or index removals (www.bloomberg.com)
2025-1-7 China Tencent

Qualcomm unveils the Snapdragon X Platform, a chip to bring AI features to PCs starting at $600, with laptops from Dell, Lenovo, and others coming “early 2025” (www.bloomberg.com)
2025-1-7 AI Lenovo

Google previews changes coming to Google TV, including adding Gemini, more natural voice commands, and deeper YouTube integration, rolling out later in 2025 (www.bloomberg.com)
2025-1-7 Google YouTube

Sources: India plans $2.7B in fresh subsidies and import tariff cuts to boost local manufacturing, especially of smartphones made by companies like Apple (www.bloomberg.com)
2025-1-6 India Apple Manufacturing

Advertising company Outfront, whose clients include Mercury, Brex, and Venmo, says fintech ad spend over the past three years has grown an average of 45%+ YoY (www.bloomberg.com)
2025-1-6 Fintech

Q&A with Sam Altman on OpenAI's and ChatGPT's first few years, his removal as CEO, OpenAI's structure, AGI, AI safety, nuclear fusion, Trump, Musk, and more (www.bloomberg.com)
2025-1-6 Trump AI

Sources: Italy is in advanced talks for a $1.6B, five-year SpaceX deal to provide the government with secure telecom services, Europe's largest such project (www.bloomberg.com)
2025-1-6 Europe Italy SpaceX

Foxconn reports Q4 revenue of ~$64.6B, up 15% YoY and exceeding analyst expectations for a 13% rise, with December 2024 bringing in ~$19.8B, up 42% YoY (www.bloomberg.com)
2025-1-6 4Q

How China-linked Volt Typhoon hackers breached local utilities and the US DOD's sensitive networks in Guam, a US territory vital for defending Taiwan militarily (www.bloomberg.com)
2025-1-5 China Taiwan

Sources: Getty Images is exploring a merger with rival Shutterstock; deliberations are ongoing and Getty could decide not to pursue a deal (www.bloomberg.com)
2025-1-4

An unredacted lawsuit from Utah's AG claims TikTok has long known that TikTok Live promoted sexual content streams to minors and facilitated money laundering (www.bloomberg.com)
2025-1-4

Meta required a public statesman like Nick Clegg after the Cambridge Analytica scandal, and now turns to the in-house Republican Joel Kaplan to appease Trump (www.bloomberg.com)
2025-1-4 Trump Republican

China plans to extend its national consumer subsidies to smartphone, tablet, and smartwatch purchases to boost domestic spending as external headwinds pick up (www.bloomberg.com)
2025-1-3 China

Car rental app Turo, which uses a risk algorithm to screen drivers, was used to book trucks in both fatal New Year's Day incidents in Las Vegas and New Orleans (www.bloomberg.com)
2025-1-3 Algorithm Vegas

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