Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources reveal inconsistencies in Megaspeed's chip inventory, as the US probes the Singapore AI startup over alleged Chinese ownership and Nvidia chip smuggling (www.bloomberg.com)
2025-12-23 China Startup AI Singapore Nvidia

FanDuel and CME Group launch a prediction market app called FanDuel Predicts in five US states, just days after DraftKings rolled out a similar product (www.bloomberg.com)
2025-12-23

Alphabet agrees to acquire clean energy developer Intersect for $4.75B in cash, and existing debt, as part of its push to expand its AI data center footprint (www.bloomberg.com)
2025-12-23 Energy AI Alphabet

How the global AI boom is driven by thousands of newcomers, diluting Big Tech's infrastructure dominance; US data center credit deals hit $178.5B in 2025 so far (www.bloomberg.com)
2025-12-22 AI

Filings: Chinese AI startups Zhipu and MiniMax report 2024 revenue of $44.4M and $30.5M, respectively, as both prepare for Hong Kong IPOs in the coming weeks (www.bloomberg.com)
2025-12-22 China Hong Kong IPO Startup AI

A look at stablecoin-powered neobanks like Rizon and Dakota that are offering dollar-denominated digital banking services to customers worldwide (www.bloomberg.com)
2025-12-22

Uber plans to trial driverless taxis in London using Baidu's Apollo Go RT6 robotaxis, starting in H1 2026 with services available by the end of 2026 (www.bloomberg.com)
2025-12-22 Uber London

A group of PE firms led by Permira and Warburg Pincus agrees to buy Clearwater Analytics, in a deal valuing the financial software maker at $8.4B including debt (www.bloomberg.com)
2025-12-22

Q&A with Blizzard President Johanna Faries on company staff bonus transparency, working under Xbox leadership, restoring the NetEase partnership, and more (www.bloomberg.com)
2025-12-22 Xbox

Q&A with Harvard economist Jason Furman, who consults for OpenAI, on the similarities between the AI boom and the dot-com era, AI's impact on jobs, and more (www.bloomberg.com)
2025-12-21 AI

Chinese AI chipmaker Moore Threads announces a new generation of chips slated for mass production from 2026, just weeks after its blockbuster IPO in China (www.bloomberg.com)
2025-12-21 China IPO AI

YouTube's head of products for podcasts Steve McLendon says viewers streamed 700M+ hours of podcasts on TV in October, up from 400M hours in October 2024 (www.bloomberg.com)
2025-12-20 YouTube

China issues new rules letting online merchants set their own prices across platforms for goods and services they sell, effective April 10, 2026, for five years (www.bloomberg.com)
2025-12-20 China

Meta board member Dina Powell McCormick, an ex-top adviser to Trump, steps down after joining in April; source: she is considering retaining an advisory role (www.bloomberg.com)
2025-12-20 Trump

Sources: the Chan Zuckerberg Initiative cut ties with FWD.us, a pro-immigration advocacy group founded by Mark Zuckerberg, eliminating its main funding source (www.bloomberg.com)
2025-12-20 Immigration Zuckerberg

Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025 (www.bloomberg.com)
2025-12-20

DraftKings launches DraftKings Predictions, a new app that lets customers in 38 states trade contracts on sports and financial events through prediction markets (www.bloomberg.com)
2025-12-20

Sources: The Chan Zuckerberg Initiative cuts ties with FWD.us, an immigration advocacy group founded by Mark Zuckerberg, eliminating FWD.us' main funding source (www.bloomberg.com)
2025-12-19 Immigration Zuckerberg

Coinbase sues Connecticut, Illinois and Michigan over state attempts to regulate prediction markets, arguing that they fall under the jurisdiction of the CFTC (www.bloomberg.com)
2025-12-19 Coinbase CFTC

The US Senate confirms Trump pick Michael Selig as chairman of the CFTC, as lawmakers consider legislation to give the agency more control over digital assets (www.bloomberg.com)
2025-12-19 Trump Asset Senate CFTC

Sources: Riot Games is working on a major overhaul of League of Legends, internally called League Next, for 2027; Riot confirms a big update is in the works (www.bloomberg.com)
2025-12-19

Twenty-four companies, including Microsoft, Google, Nvidia, OpenAI, and AWS, join the US Genesis Mission to boost the use of AI for scientific discovery (www.bloomberg.com)
2025-12-19 Google Microsoft AI Nvidia

Edison, which last month released AI tool Kosmos to speed up and automate complex scientific hypothesis generation, raised $70M at a $250M valuation (www.bloomberg.com)
2025-12-19 AI

Imprint, which helps retailers like Brooks Brothers offer co-branded credit cards and manage loyalty programs, raised $150M led by Khosla at a $1.2B valuation (www.bloomberg.com)
2025-12-19 Credit Card

Documents: OpenAI has sold 700K+ ChatGPT licenses to ~35 US public universities for students and faculty, who used it 14M+ times in September, beating Copilot (www.bloomberg.com)
2025-12-18

Amazon CSO Stephen Schmidt says subtle keystroke data lag, measuring 110ms instead of the expected tens of milliseconds, helped catch a North Korean IT worker (www.bloomberg.com)
2025-12-18 Korea Amazon

Honda plans to halt production in Japan and China from December 29 to January 6, showing the ongoing fallout of the global chip shortage and Nexperia takeover (www.bloomberg.com)
2025-12-18 China Japan Honda

Rome-based Exein, which offers cybersecurity tools for protecting connected devices including cars and home routers, raised €100M led by Blue Cloud Ventures (www.bloomberg.com)
2025-12-18

Tokyo-based Resonac, a crucial cutting-edge chip chemicals supplier whose shares are up 40%+ YTD, says it has bolstered China production capacity to meet demand (www.bloomberg.com)
2025-12-18 China Tokyo

Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform (www.bloomberg.com)
2025-12-18 China

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