Articles from www.bloomberg.com

Articles from www.bloomberg.com

Uber says it plans to start checking US passengers' account info against third-party ID verification databases; drivers will be able to see a user's blue badge (www.bloomberg.com)
2024-9-18 Uber

Wintermute partners with Chaos Labs to launch a crypto-based betting site focused on the US presidential election; Polymarket has ~$1B in wagers on that contest (www.bloomberg.com)
2024-9-18

A look at Shenzhen-based Transsion, whose Infinix and Tecno command about 50% of Africa's smartphone market and are finding success in Asia and the Middle East (www.bloomberg.com)
2024-9-17 Asia Africa Shenzhen

Microsoft unveils a $60B stock buyback program, matching its largest-ever repurchase authorization, and raises its quarterly dividend by 10% to $0.83 per share (www.bloomberg.com)
2024-9-17 Microsoft

Intel announces it will coinvest with AWS in a custom AI chip in a “multiyear, multibillion-dollar framework” and is delaying plants in Germany and Poland (www.bloomberg.com)
2024-9-17 Germany Intel AI Poland

Microsoft debuts new AI coding tools in Excel, adds email prioritization Outlook features, and says Copilot's customer base grew 60%+ in the most recent quarter (www.bloomberg.com)
2024-9-17 Microsoft AI

China advises state-linked orgs to use a new lithography machine with a resolution of 65nm or better, signaling an improvement in its home-developed DUV tech (www.bloomberg.com)
2024-9-16 China

Groq and Aramco plan to build a Saudi Arabia data center by the end of 2024; Groq says it will be the world's largest AI inferencing center with 19K Groq GPUs (www.bloomberg.com)
2024-9-16 AI Arabia Saudi Arabia

Research based on the US Census Bureau's data from 2008 to 2021 suggests online dating may be partially to blame for a rise in income inequality in recent times (www.bloomberg.com)
2024-9-16

Some of the largest custodial banks are interested in crypto custody but are hindered by the SEC rule SAB 121, which establishes accounting standards (www.bloomberg.com)
2024-9-15

A profile of Chase Herro, who calls himself the “dirtbag of the internet” and sources say is the dealmaker behind Trump's crypto project World Liberty Financial (www.bloomberg.com)
2024-9-15 Trump

India's new M&A rule for deals exceeding ~$240M could create hurdles for startups that hope to be acquired in their early years to access funding and scale (www.bloomberg.com)
2024-9-14 India Startup

Google ad trial: an ex-Facebook ad exec testifies the company signed the 2018 Jedi Blue deal with Google because it couldn't compete against Google's “monopoly” (www.bloomberg.com)
2024-9-14 Google Facebook

Sam Bankman-Fried asks for a new trial in an appeal to the 2nd Circuit US Court of Appeals and directly attacks US District Judge Lewis Kaplan for alleged bias (www.bloomberg.com)
2024-9-14

Brazil lifts the block on the bank accounts of X and Starlink after withdrawing ~$3.3M from the accounts to pay for fines imposed by the Supreme Court (www.bloomberg.com)
2024-9-14 Brazil

German prosecutors open a sexual harassment probe into SAP CTO Jürgen Müller, after SAP said he'd resign at the end of September due to “inappropriate” behavior (www.bloomberg.com)
2024-9-14 Germany

Sources: the European Commission is poised to conclude X does not fall under its Digital Markets Act, after a probe found X's impact on EU markets is too small (www.bloomberg.com)
2024-9-14 Europe

Sources: CoreWeave is in talks to arrange a sale of existing shares, valuing it at $23B, up from $19.1B in May; shareholders may sell up to $500M (www.bloomberg.com)
2024-9-14

FanDuel and Betfair's parent company, Flutter, agrees to acquire a 56% stake in Brazilian online gaming operator NSX for a cash consideration of about $350M (www.bloomberg.com)
2024-9-13 Brazil

All 25 staffers of Annapurna's gaming division resigned this month after CEO Megan Ellison pulled out of talks to spin off the unit as an independent entity (www.bloomberg.com)
2024-9-13

YC plans to expand to four cohorts per year, adding spring and fall sessions in 2025; each batch will be half the size of the most recent cohort of 256 startups (www.bloomberg.com)
2024-9-13 Startup

Adobe reports Q3 revenue up 11% YoY to $5.41B, vs. $5.37B est., Digital Media revenue up 11% to $4B, Q4 revenue guidance below est.; ADBE drops 9%+ after hours (www.bloomberg.com)
2024-9-13 Adobe 4Q

Sources: Spotify is trying to entice video-oriented creators to distribute shows on the platform in addition to YouTube, sometimes offering them seven figures (www.bloomberg.com)
2024-9-13 YouTube Spotify

eToro USA agrees to pay $1.5M and limit US user trading to Bitcoin, Bitcoin Cash, and Ether to settle SEC allegations that it operated as an unregistered broker (www.bloomberg.com)
2024-9-13 U.S. Bitcoin

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation, plus, a source says, $5B in debt from banks as a revolving credit facility (www.bloomberg.com)
2024-9-13 Equity

A look at the tough options before Intel's board, including scaling back factory projects, selling off subsidiaries, or splitting Intel's core operations (www.bloomberg.com)
2024-9-12 Intel

A 397-page EC report, released shortly before CJEU's verdicts against Apple and Google, says the EU's competition enforcement can be “harmful to innovation” (www.bloomberg.com)
2024-9-12 Google Apple

Infineon says it has developed 300mm gallium nitride wafers, which can produce 2.3x more chips than 200mm wafers and speed their adoption for AI applications (www.bloomberg.com)
2024-9-12 AI

AST SpaceMobile's stock is up ~1,300% since a record low in April 2024 and following deals with AT&T and Verizon in May to provide wireless service from space (www.bloomberg.com)
2024-9-12 AT&T

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation and raise $5B in debt from banks in the form of a revolving credit facility (www.bloomberg.com)
2024-9-12 Equity

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