Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Quince, a DTC luxury brand that is viral on Instagram and TikTok, raised ~$200M led by Iconiq at a $4.5B valuation, after raising $120M in January 2025 (www.bloomberg.com)
24 days ago Instagram

Waymo plans to launch its robotaxi service in Dallas in 2026 with Avis as the fleet partner, a first after exclusively working with Uber in Austin and Atlanta (www.bloomberg.com)
24 days ago Uber

EssilorLuxottica says sales of Ray-Ban Meta more than tripled year-over-year in the first half of 2025, and it expects “a very fast ramp-up” of Oakley Meta (www.bloomberg.com)
25 days ago Ban

PayPal unveils Pay With Crypto for merchants to accept bitcoin, ether, USDT, and more via Coinbase, OKX, and other wallets, rolling out in the coming weeks (www.bloomberg.com)
25 days ago Bitcoin Coinbase

At Shanghai's World AI Conference, ByteDance, Unitree, UBTech, Agibot, and other Chinese companies demoed a wide range of robots, including boxing droids (www.bloomberg.com)
25 days ago China AI Robot Shanghai

Samsung announces a $16.5B deal to produce chips that runs through the end of 2033 and boosts its underperforming foundry unit; source: Tesla is the customer (www.bloomberg.com)
25 days ago Samsung Tesla

Dubai-based Qlub, which offers contactless payment services to restaurants, raised $30M co-led by Shorooq and Cherry Ventures, taking its total funding to $72M (www.bloomberg.com)
26 days ago Dubai

Online platforms offering astrological advice are thriving in India, with the leading app Astrotalk claiming about 84% of its 70M users are under the age of 35 (www.bloomberg.com)
26 days ago India

A look at the tensions between Meta, Apple, and Google on whether apps or app stores should check if a user is a minor, as states work on age verification bills (www.bloomberg.com)
27 days ago Google Apple

Sources: KKR is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5B (www.bloomberg.com)
27 days ago

The SharePoint hacks increase pressure on Microsoft's Secure Future Initiative, which the company calls an ambitious effort expected to take years to complete (www.bloomberg.com)
27 days ago Microsoft

Christina Marie Chapman, who pleaded guilty and was sentenced to prison for aiding a North Korean remote IT worker scheme, details her time as a “laptop farmer” (www.bloomberg.com)
27 days ago Korea

China's Unitree is marketing the R1, a humanoid robot that has multimodal AI and weighs 25kg, for $5,900, drastically lowering the entry price for such machines (www.bloomberg.com)
27 days ago China AI Robot

Blackstone agrees to acquire a majority stake in NetBrain, valuing the Burlington, Massachusetts-based network operations and automation company at $750M (www.bloomberg.com)
27 days ago

Sources: e-commerce startup OpenStore, co-founded by Keith Rabois, is raising a $15M Series C at a valuation of just $50M, down from $970M in September 2022 (www.bloomberg.com)
27 days ago Startup

Yann LeCun will continue to work at Meta as chief scientist of the AI research group FAIR; a source says he will report to Alexandr Wang (www.bloomberg.com)
28 days ago AI

Recent grads and PhDs are being recruited by AI companies like Handshake to provide specialized training data in fields like music and law for $30-$160 per hour (www.bloomberg.com)
28 days ago AI

Source: Yann LeCun will continue to work at Meta as chief scientist of the AI research group FAIR and will report to Alexandr Wang (www.bloomberg.com)
28 days ago AI

Sources: Microsoft is investigating whether a leak in its early alert system for cybersecurity companies let Chinese hackers exploit SharePoint flaws (www.bloomberg.com)
28 days ago China Microsoft

Lyft partners with Austria-based Benteler to deploy autonomous shuttles in the US in late 2026, to be initially deployed in partnership with airports and cities (www.bloomberg.com)
28 days ago Austria

Lyft rolls out letting riders “favorite” or block drivers to enhance loyalty from riders and drivers; favorites get priority for future scheduled rides (www.bloomberg.com)
29 days ago

AMD CEO Lisa Su says she expects TSMC's Arizona-made chips to cost “more than 5% but less than 20%” above TSMC's Taiwan-made chips, and to arrive by 2025's end (www.bloomberg.com)
29 days ago Taiwan AMD

At an AI summit, President Trump says he considered breaking up Nvidia before aides told him that doing so was “very hard” and “I learned the facts here” (www.bloomberg.com)
29 days ago Trump AI Nvidia

YouTube has become a valuable resource for professional chefs and, in recent years, has helped skilled amateurs build culinary reputations and open restaurants (www.bloomberg.com)
29 days ago YouTube

CISPE files a legal complaint in the EU, arguing that the bloc's approval of Broadcom's VMware buyout failed to impose conditions to prevent market power abuse (www.bloomberg.com)
29 days ago VMware

Tether CEO Paolo Ardoino says the USDT issuer is making plans to do business in the US after the passage of Genius Act, with a focus on institutional markets (www.bloomberg.com)
29 days ago

Sources: Adani Group has shelved plans for a consumer super app amid losses and internal turmoil, as Reliance and Tata also struggle to scale their platforms (www.bloomberg.com)
29 days ago

Source: the US National Nuclear Security Administration was among those breached via a SharePoint flaw; no sensitive info is known to have been compromised (www.bloomberg.com)
30 days ago

IBM reports Q2 revenue up 8% YoY to $16.98B, vs. $16.59B est., and software revenue up 10% to $7.39B, vs. $7.49B est.; IBM drops 5%+ after hours (www.bloomberg.com)
30 days ago IBM

The White House unveils the AI Action Plan, seeking to assert US dominance over China, including proposals to ease permitting for AI infrastructure projects (www.bloomberg.com)
30 days ago China AI

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