Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Uber plans to launch a pilot ride type to match female riders and drivers in LA, San Francisco, and Detroit over the next few weeks, called “Women Drivers” (www.bloomberg.com)
30 days ago Uber San Francisco Detroit

Sonos names interim CEO Tom Conrad as CEO, effective immediately, as it works to restore confidence after its app disaster; Conrad took the job in January 2025 (www.bloomberg.com)
30 days ago

Eye Security: hackers have breached ~400 government agencies, corporations, and other groups via the SharePoint breach, up from an estimated 60 on July 22 (www.bloomberg.com)
30 days ago

Compliance tech startup Vanta raised a $150M Series D led by Wellington Management at a $4.15B valuation, up from $2.45B after raising $150M in July 2024 (www.bloomberg.com)
30 days ago Startup

Apple launches AppleCare One, an insurance plan covering up to three devices for $20 per month, including battery replacements, accidental damage, and more (www.bloomberg.com)
30 days ago Apple Battery Insurance

VenHub, which uses robotics and AI to run fully automated retail stores, confidentially files for a US direct listing, after a $715M SPAC merger failed in May (www.bloomberg.com)
30 days ago Retail AI Robot

Dell says COO Jeff Clarke will now oversee its Client Solutions Group, which includes desktop and notebook PCs; Dell's consumer PC revenue fell 19% in Q1 (www.bloomberg.com)
30 days ago

Source: the US National Nuclear Security Administration was among those breached by a hack of SharePoint; no sensitive information is known to be compromised (www.bloomberg.com)
2025-7-23

Businesses and households served by PJM, the US' largest power grid operator, will pay a record $16.1B for electricity supplies amid an AI-driven demand surge (www.bloomberg.com)
2025-7-23 AI

Miaan Group: a number of Iranians received spyware threat alerts from Apple in H1 2025 in the months prior to the Iran-Israel war, the first such cases in Iran (www.bloomberg.com)
2025-7-22 Israel Apple Iran

Sources: Google is seeking to recruit news organizations for a new licensing project related to AI, and plans to launch a pilot initially with ~20 US outlets (www.bloomberg.com)
2025-7-22 Google AI

Reka AI, which aims to make more efficient LLMs, raised $110M from Nvidia, Snowflake, and others at a $1B+ valuation, up from ~$300M in 2023, per PitchBook (www.bloomberg.com)
2025-7-22 AI Nvidia

OpenAI and Oracle unveil plans to develop 4.5GW of additional US data center capacity in an expanded partnership, hitting 5GW in total and running 2M AI chips (www.bloomberg.com)
2025-7-22 AI Oracle

A London judge rules that HPE lost ~£730M after acquiring Mike Lynch's Autonomy, after a 2022 fraud finding against Lynch, who died in 2024; HPE was seeking $4B (www.bloomberg.com)
2025-7-22 London

US investment firm Carlyle agrees to acquire a majority stake in IT consultancy and services provider Adastra, sources say valuing it at $400M including debt (www.bloomberg.com)
2025-7-22

Seoul-based chip designer FuriosaAI signs a deal with LG to use its AI chip RNGD, its first major contract, after rejecting Meta's $800M buyout offer in March (www.bloomberg.com)
2025-7-22 AI

Samsung Galaxy Watch8 review: thinner and sturdier, but its design with a square casing and a round screen is polarizing, and Gemini is useful but hit-or-miss (www.bloomberg.com)
2025-7-22 Samsung

SEC filing: Ambiq Micro, which makes ultra-low power chips, is seeking to raise as much as $85M from its IPO, marketing 3.4M shares at $22 to $25 each (www.bloomberg.com)
2025-7-22 IPO

Sources: Oracle is in talks with Skydance for a $100M/year deal for Paramount to use Oracle's cloud software if the Skydance-Paramount merger goes through (www.bloomberg.com)
2025-7-22 Oracle

Source: Netflix is using Runway AI's video generation tools for production; Disney is testing out the tools and talked with Runway about possible uses for them (www.bloomberg.com)
2025-7-22 AI Netflix

Tesla is set to face off with the California DMV over claims it exaggerated Autopilot's and FSD's capabilities and misled consumers, in a five-day Oakland trial (www.bloomberg.com)
2025-7-22 Tesla California

Polymarket says it is buying little-known derivatives exchange QCX, in a move to legally re-enter the US market; a source says Polymarket will pay $112M (www.bloomberg.com)
2025-7-22

Oakley Meta HSTN hands-on: the $399 glasses are a fun accessory and sportier, thinner, lighter, and more comfortable than previous models with a solid 3K camera (www.bloomberg.com)
2025-7-21

KKR acquires a significant minority in Swedish travel tech firm Etraveli, sources say valuing it at ~€2.7B; Etraveli sells plane tickets to ~50M users per year (www.bloomberg.com)
2025-7-21 Sweden

TSMC closed above a $1T market cap in Taiwan on July 18, a first, up nearly 50% from an April low and the first Asian stock worth $1T+ since PetroChina in 2007 (www.bloomberg.com)
2025-7-21 Taiwan

Microsoft releases a patch for a SharePoint 0-day RCE flaw exploited globally on thousands of on-prem servers, says updates for SharePoint 2016 are in the works (www.bloomberg.com)
2025-7-21 Microsoft

How UK Biobank, a government-backed cloud database of 1B+ medical images from 100,000+ participants, is fueling breakthroughs in AI-driven diagnostics (www.bloomberg.com)
2025-7-21 Database AI

Thoughts on the foldable iPhone's prospects ahead of next year's launch; sources: Apple will add a second, portrait-side front-facing camera to the M5 iPad Pro (www.bloomberg.com)
2025-7-21 iPhone Apple iPad

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