Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: OpenAI's first device will be a moveable, screen-free smart speaker with a camera and sensors, meant to serve as a humanlike AI companion (www.bloomberg.com)
28 days ago AI

OpenAI says it is “not aware of any evidence” that Apple's lawsuit alleging trade-secret theft has merit, adding that it believes in fair competition (www.bloomberg.com)
28 days ago Apple

Sources: Uber is in advanced talks to acquire Delivery Hero in a deal valuing the German food-delivery company well above its recent market value of €11.2B (www.bloomberg.com)
28 days ago Germany Uber

A Trump administration official says a “trivial” number of Nvidia's H200 chips were shipped to China after winning a US license, without offering specifics (www.bloomberg.com)
28 days ago Trump China Nvidia

Filing: Chinese chipmaker CXMT seeks to raise ~$9.8B in an IPO on Shanghai's chip-heavy STAR Board (www.bloomberg.com)
28 days ago China IPO Shanghai

Kalshi launches a forward curve tool for AI compute, using event contracts to track the future rental costs of GPUs, storage, and memory (www.bloomberg.com)
28 days ago AI

IBM reports preliminary Q2 revenue of $17.2B, below $17.9B est., as CEO Arvind Krishna says customers are holding back spending; IBM falls 17% pre-market (www.bloomberg.com)
28 days ago IBM

Apple's stock is up 15% since June 25, adding nearly $600B in market value and pushing shares back to record territory, as investors flee an AI stock selloff (www.bloomberg.com)
29 days ago AI Apple

Sources: US officials estimate unauthorized distillation costs US AI labs up to $6B/year; Silicon Valley told the Trump admin it could be an existential threat (www.bloomberg.com)
29 days ago Trump AI

Source: OpenAI still believes it is on track to unveil its first device in 2026 and release it in 2027; Apple's lawsuit may complicate hiring and supply chains (www.bloomberg.com)
29 days ago Apple

Meta says it will spend an extra $40B on its 4,000-acre data center campus in Louisiana, aiming for 5GW+ of computing power, pushing the total cost beyond $250B (www.bloomberg.com)
29 days ago

China says President Xi will deliver a keynote speech at the opening ceremony of the three-day World AI Conference in Shanghai on Friday, his first appearance (www.bloomberg.com)
29 days ago China AI Shanghai

Munich-based defense tech startup Helsing raised a $1.8B Series E from Dragoneer, Iconiq, and others at an $18B valuation; Germany made a €270M order this year (www.bloomberg.com)
29 days ago Germany Startup Munich

Memo: Tang Jie, founder of Z.ai, the Chinese lab behind the GLM models, argues frontier AI capabilities should stay “as open and widely accessible as possible” (www.bloomberg.com)
30 days ago China AI

OpenAI, Meta, and SpaceXAI may be able to put pressure on Anthropic by emphasizing cost efficiency, as business customers increasingly scrutinize AI spending (www.bloomberg.com)
30 days ago AI

Sources: Apple is already taping out M7 with major NPU upgrades, and plans M7 Ultra with 1.5TB RAM, and M8, for 2028; new Pencils are coming with a new iPad Pro (www.bloomberg.com)
30 days ago Apple iPad

Apple's OpenAI lawsuit follows months of simmering tensions and highlights OpenAI's hardware chief Tang Tan's strained relationship with former boss John Ternus (www.bloomberg.com)
2026-7-12 Apple

SK Hynix's historic US stock market listing is a bet that the AI boom is breaking the memory chip industry's decades-long boom-and-bust cycle (www.bloomberg.com)
2026-7-11 AI

Sources: activist investor Elliott has built a large stake in car insurance software maker CCC, which is exploring a potential sale and has a ~$3.5B market cap (www.bloomberg.com)
2026-7-11 Insurance

Apple claims OpenAI recruited 400+ ex-Apple employees, including an iPhone engineer who allegedly downloaded confidential hardware files before joining OpenAI (www.bloomberg.com)
2026-7-11 iPhone Apple

China drops a numerical target for urban job creation in its five-year plan, the first such omission since the 1990s, amid volatility fueled by AI displacement (www.bloomberg.com)
2026-7-11 China AI

Analysis: Alphabet, Amazon, Meta, Microsoft, and Oracle, the top spenders on new US data centers, collectively added ~$350B in debt over the past five years (www.bloomberg.com)
2026-7-11 Amazon Microsoft Oracle Alphabet

Phia, a shopping app co-founded by Phoebe Gates that has raised $43.5M, appears to be using fake clicks or “cookie stuffing” to claim affiliate commissions (www.bloomberg.com)
2026-7-11

Circle says it received US regulator approval to start a national digital-currency trust bank, allowing it to offer institutional custody services (www.bloomberg.com)
2026-7-10

Malaysia Prime Minister Anwar Ibrahim plans to debut an agentic AI avatar of himself in the coming days, which aims to help the public use government services (www.bloomberg.com)
2026-7-10 AI Malaysia

Filing: Polymarket is seeking CFTC approval to offer margin trading in the US, a move that would let users bet on events with less capital upfront (www.bloomberg.com)
2026-7-10 CFTC

Interviews with employees and insiders reveal how CXMT is amassing tech, funding, and state support to challenge top memory chipmakers and build local suppliers (www.bloomberg.com)
2026-7-10

Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in March, and says its agents ran outreach for the round (www.bloomberg.com)
2026-7-10 Startup AI

MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (www.bloomberg.com)
2026-7-10

SK Hynix raises $26.5B in the largest ever US market debut by a foreign company, selling 177.9M ADRs for $149 each; the sale was more than 7x oversubscribed (www.bloomberg.com)
2026-7-10

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