Articles from www.bloomberg.com

Articles from www.bloomberg.com

Kakao names Shina Chung, the head of its corporate VC arm, as its next CEO; Chung is a rare female leader in South Korea's male-dominated business sphere (www.bloomberg.com)
2023-12-13 Korea

True Anomaly, a startup designing hardware and software for military and intelligence space reconnaissance systems, raised a $100M Series B led by Riot Ventures (www.bloomberg.com)
2023-12-13 Startup Intelligence

ASML and Samsung plan to jointly spend ~$760M to build a research plant in South Korea using ASML's next-generation extreme ultraviolet equipment technology (www.bloomberg.com)
2023-12-13 Korea Samsung

Argentina's Milei Devalues Peso by 54% in First Batch of Shock Measures (www.bloomberg.com)
2023-12-13

Sources: X generated just over $600M in ad revenue in each of 2023's first three quarters, down from $1B+ per quarter in 2022 and on track for ~$2.5B in 2023 (www.bloomberg.com)
2023-12-13

Sources: KKR is in advanced talks to buy payroll and HR tools maker Iris Software for ~£3B, in what could be 2023's biggest buyout of a European tech company (www.bloomberg.com)
2023-12-13 Europe

Stanford professor David Mills, who led SBF's defense as favor to his parents, says the FTX founder was “the worst person I've ever seen do a cross examination” (www.bloomberg.com)
2023-12-12

More Than One-Third of American Workers Turn to Freelance Jobs in 2023 (www.bloomberg.com)
2023-12-12 U.S. Freelance

Essential AI, founded by two co-authors of Google's “Attention Is All You Need” paper, emerges from stealth with $56.5M and announces its Enterprise Brain tool (www.bloomberg.com)
2023-12-12 Google AI

Filings: Berkshire Hathaway cut its HP stake by almost 50% to 51.5M shares, or 5.2% of the company, down from 97.85M in October, as Dell's stock outperforms HP (www.bloomberg.com)
2023-12-12 Berkshire

Munich-based Tacto, which uses AI to help companies optimize their supply chains and cut costs by ~10%, raised €50M led by Sequoia and Index Ventures (www.bloomberg.com)
2023-12-12 AI Munich

Google's legal defeat to Epic threatens to roil an app store duopoly with Apple that generates ~$200B per year and will likely accelerate weaker app store rules (www.bloomberg.com)
2023-12-12 Google Apple

Abu Dhabi is becoming a popular destination for crypto companies, including Phoenix, Paxos, and eToro, as firms seek eager investors and friendlier regulators (www.bloomberg.com)
2023-12-12

In his first public appearance since returning to OpenAI, Sam Altman says AI is “going to lift the world up”, and you cannot build AI “safely in a vacuum” (www.bloomberg.com)
2023-12-12 AI

Apptopia: shoppers spent ~22 minutes per day on Temu in October, up from 18 minutes in Q2 2023, compared with 10 minutes on Amazon and 11 on AliExpress in Q2 (www.bloomberg.com)
2023-12-12 Amazon

Sources: Chinese memory chipmaker Changxin is delaying its Shanghai IPO for a more favorable market and instead plans to raise funds at a ~$19.5B valuation (www.bloomberg.com)
2023-12-12 China IPO Shanghai

Real Estate Market Declines (www.bloomberg.com)
2023-12-12

US Is Looking Into Nvidia's AI Chips for China, Raimondo Says (www.bloomberg.com)
2023-12-12 China AI Nvidia

Is Britain Ready to Be Honest About Its Decline? (www.bloomberg.com)
2023-12-12 U.K.

Microsoft partners with 60 unions representing 12.5M workers for “an open dialogue” on AI's impact on workers, and signs a ZeniMax staff contract on AI use (www.bloomberg.com)
2023-12-12 Microsoft AI

Sources: Apple plans to give added weighting to streams of songs mixed in Dolby Atmos from 2024, possibly leading to higher royalties, to push Spatial Audio (www.bloomberg.com)
2023-12-12 Apple

BlackBerry Cancels Spinoff of Internet-of-Things Unit, Names New CEO (www.bloomberg.com)
2023-12-12

BlackBerry appoints John Giamatteo, an executive since 2021, as its CEO and no longer plans to spin off its IoT and cybersecurity businesses (www.bloomberg.com)
2023-12-12 IoT

Sources: starting December 13, Biden's team plans to meet companies, labor advocates, and experts to discuss global data flows to avoid a “balkanized” internet (www.bloomberg.com)
2023-12-11

TechInsights: Huawei's Mate 60 Pro shows “significant progress” in China's domestic design and engineering of radio-frequency chips, replacing US suppliers (www.bloomberg.com)
2023-12-11 China

Vietnamese media reports Nvidia CEO Jensen Huang sees Vietnam as a potential second home for the Silicon Valley company and plans to open a design center there (www.bloomberg.com)
2023-12-11 Nvidia Vietnam

London-based crypto derivatives trading platform Global Futures and Options, or GFO-X, raised a $30M series B led by M&G Investments (www.bloomberg.com)
2023-12-11 London

The Biden Campaign Needs to Pivot to Marijuana (www.bloomberg.com)
2023-12-11

TikTok to invest $1.5B in a joint venture with Indonesia's GoTo, aiming to address regulatory concerns so that TikTok can revive its shopping service there (www.bloomberg.com)
2023-12-11 Indonesia

Graphika: apps and websites using AI to undress women in photos are soaring in popularity; 34 such providers together had 24M+ unique visitors in September 2023 (www.bloomberg.com)
2023-12-10 AI

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