Articles from www.bloomberg.com

Articles from www.bloomberg.com

In an email to employees, Johny Srouji details newly combined hardware engineering and hardware technologies division, organized across five key areas (www.bloomberg.com)
22 days ago

The US Air Force cancels RTX's ground-control network for the US' next generation of GPS satellites after years of delays and cost overruns (www.bloomberg.com)
22 days ago GPS

Sources: UK-based CuspAI, which aims to use AI for discovering new materials, is in discussions to raise at least $200M, taking its valuation to over $1B (www.bloomberg.com)
22 days ago AI

China's iQiyi plans to overhaul its streaming service into an AI content hub, with an app redesign and Nadou Pro AI tool handling “every aspect of film-making” (www.bloomberg.com)
22 days ago China AI

Filing: Michael Saylor's Strategy bought $2.54B in bitcoin over the past seven days, its largest acquisition since November 2024; Strategy owns ~$61B in bitcoin (www.bloomberg.com)
22 days ago Bitcoin

A Blue Origin rocket failed to correctly place a BlueBird satellite from satellite networking company AST into its intended orbit; ASTS falls 14% pre-market (www.bloomberg.com)
22 days ago

Nigerian drone startup Terra Industries raised $34M from Joe Lonsdale, Lux Capital, and others and is opening its first international factory in Accra, Ghana (www.bloomberg.com)
22 days ago Startup Drone Nigeria

Sources: the glowing “26” in Apple's WWDC invite is teasing a revamped Siri, memory shortages may push Mac Studio and touch MacBook Pro launches by a few months (www.bloomberg.com)
23 days ago Apple MacBook

A profile of Quince, an online luxury DTC brand valued at $10B+, which has found success by using data analysis and close manufacturer ties to keep prices low (www.bloomberg.com)
23 days ago Data Analysis

Anthropic's Mythos adds to concerns about rising workloads for open-source maintainers, as many have already been dealing with a “crazy” number of bug reports (www.bloomberg.com)
24 days ago

A profile of OpenTable CEO Debby Soo, who shifted its focus from diners to restaurants; it now seats ~2B diners a year across 65K restaurants, an all-time high (www.bloomberg.com)
24 days ago

Sources: Cursor is in advanced talks to raise about $2B co-led by a16z at a valuation of more than $50B, not including the investment, with Nvidia participating (www.bloomberg.com)
25 days ago Nvidia

A profile of wealth manager Iconiq, which, sources say, has $100B AUM, with $26B specifically for VC investing; Iconiq invested $3B into AI startups in 2025 (www.bloomberg.com)
25 days ago Startup AI

China fines leading food delivery apps, including Alibaba and Meituan, a combined ~$528M, the largest fine for the sector since the 2015 food safety law (www.bloomberg.com)
25 days ago China Alibaba

Sources: Sequoia raised ~$7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a $3.4B vehicle in 2022 (www.bloomberg.com)
25 days ago

Hangzhou-based Manycore shares rose 187% early in its Hong Kong debut after raising $156M in its IPO; it is pivoting to selling AI training data to robot makers (www.bloomberg.com)
26 days ago Hong Kong IPO AI Robot

Sources: SpaceX told employees that it has moved up the scheduled date for when shares awarded to employees become eligible for sale from May to April (www.bloomberg.com)
26 days ago SpaceX

Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours (www.bloomberg.com)
26 days ago Netflix

Sources: Upscale AI, which builds AI networking infrastructure, is in talks to raise $180M to $200M at a $2B valuation, its third funding round in seven months (www.bloomberg.com)
26 days ago AI

Memo: the White House notified Cabinet departments that OMB is setting up protections that would allow their agencies to begin using Anthropic's Mythos model (www.bloomberg.com)
26 days ago

Canva unveils Canva AI 2.0, which can generate editable layered designs from conversational prompts using Canva's foundation model built specifically for design (www.bloomberg.com)
26 days ago AI

Financial services startup Slash, which is building an AI agent, raised $100M led by Ribbit at a $1.4B valuation and reports nearly $300M in annualized revenue (www.bloomberg.com)
26 days ago Startup AI

Roku says it is in 100M+ homes globally and its devices are used by “more than half of all US broadband households”; Roku had $4.15B in 2025 platform revenue (www.bloomberg.com)
26 days ago

Sources: UK paraplegic athlete Claire Lomas was being filmed for Apple Vision Pro series Adventure when she crashed a microlight in Jordan and died in July 2024 (www.bloomberg.com)
26 days ago Apple

Big Tech companies say a $90B data center buildout in Spain's Aragón, one of Europe's fastest-growing hubs, should be an EU model, as local residents push back (www.bloomberg.com)
26 days ago Europe Spain

Alibaba's new Token Hub unit releases Happy Oyster, a new AI world model that can create 3D environments, interactive videos, films, video content, and games (www.bloomberg.com)
26 days ago Alibaba AI

Analysis and filings: Google owns a ~5% SpaceX stake, down from 6.11% at 2025's end; if SpaceX hits a $2T IPO valuation, Google's stake would be worth $100B (www.bloomberg.com)
26 days ago Google IPO SpaceX

India produces over 1.5M CS graduates annually, but scale is no longer an advantage with the rise of AI coding tools; Infosys revamps hiring to focus on AI (www.bloomberg.com)
27 days ago India AI

Companies that hire young “AI natives” have found that AI tools can be both helpful and debilitating to workers, in some cases requiring more careful oversight (www.bloomberg.com)
27 days ago AI

A TTP analysis finds dozens of nudify apps in Apple and Google app stores via search, despite company policy prohibiting them; they generated $122M+ in revenue (www.bloomberg.com)
27 days ago Google Apple

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