Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: AI contractor marketplace Mercor is discussing raising new funds at a roughly $20B valuation, less than a year after raising money at a $10B valuation (www.bloomberg.com)
2026-7-10 AI

Meta launches a Meta Model API, whose pricing Mark Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models (www.bloomberg.com)
2026-7-10 Zuckerberg

Meta launches a Meta Model API, whose pricing Zuckerberg says will be “aggressive and attractive” at ~25% of the cost of OpenAI and Anthropic models (www.bloomberg.com)
2026-7-10 Zuckerberg

Micron raises its US capex commitment to $250B through 2035, adding $50B for facilities in NY, ID, VA, and elsewhere, and invests $500M in GlobalWafers (www.bloomberg.com)
2026-7-10

Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (www.bloomberg.com)
2026-7-9 Hong Kong Apple

Enterprise AI agent startup Lyzr is raising a $100M Series B at a ~$500M valuation, up from $250M in a Series A in 2026, and says agents wrote investment memos (www.bloomberg.com)
2026-7-9 Startup AI

Sources: Sonos' layoffs include some top design and product executives, like VP of Design Dana Krieger; CEO Tom Conrad says the move reduces management layers (www.bloomberg.com)
2026-7-9 Layoffs

Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (www.bloomberg.com)
2026-7-9 Hong Kong IPO Shanghai

Sources: Reno-based AI chip startup Positron is in talks to raise ~$750M in two phases, at valuations of $3.5B in the first tranche and ~$5B in the second (www.bloomberg.com)
2026-7-9 Startup AI

SpaceXAI launches Grok 4.5, its first model built in partnership with Cursor, designed to “handle difficult, long-running” legal, finance, and coding tasks (www.bloomberg.com)
2026-7-9

Mistral launches Robostral Navigate, a hardware-agnostic robotics navigation model trained via simulation that utilizes a single camera and language prompts (www.bloomberg.com)
2026-7-9 Robot

Crypto VC firm Paradigm raised $1.2B, its third fund, to invest in areas outside of crypto, including AI and robotics; Paradigm had $11.9B in AUM in 2025 (www.bloomberg.com)
2026-7-9 AI Robot

Nvidia lost $1T in market value over the past two months, dropping 16% from its May all-time-high, trading at 18x forward earnings, its lowest level since 2019 (www.bloomberg.com)
2026-7-9 Nvidia

Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (www.bloomberg.com)
2026-7-8 China AI

France's competition watchdog orders Meta to negotiate in good faith with news organizations over copyright payments, after two groups filed complaints in 2025 (www.bloomberg.com)
2026-7-8 France

Chip startup SambaNova raised a $1B Series F led by General Atlantic at an $11B valuation and signs JPMorgan as a customer to deploy its chips for in-house AI (www.bloomberg.com)
2026-7-8 Startup AI JPMorgan

Sources detail Xbox's big reset after its Game Pass strategy failed; Xbox spent nearly $80B on content deals, but gamers prefer to stick with a handful of games (www.bloomberg.com)
2026-7-8 Xbox

Samsung announces a Galaxy Unpacked event on July 22 in London, where it is expected to debut new foldables, including a Fold 8 with a shorter and wider design (www.bloomberg.com)
2026-7-8 Samsung London

Sources: Microsoft, looking to reduce AI costs, is starting to replace models from OpenAI and Anthropic with its MAI models in products like Excel and Outlook (www.bloomberg.com)
2026-7-8 Microsoft AI

Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (www.bloomberg.com)
2026-7-7 Hong Kong IPO Apple

Norm, which runs an AI law firm that provides AI-powered legal services to clients alongside human lawyers, raised $120M led by Khosla at a $1.2B valuation (www.bloomberg.com)
2026-7-7 AI

Sources: Amazon is looking to raise at least $25B from a US dollar bond sale to fund its AI infrastructure investments; the size could increase based on demand (www.bloomberg.com)
2026-7-7 Amazon AI

Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot (www.bloomberg.com)
2026-7-7 Google AI Tesla Robot Paris

Survey: Chinese companies plan to allocate 46% of their AI accelerator budget to domestic products in the next 12 months, up from 30% today, a shift from Nvidia (www.bloomberg.com)
2026-7-7 China AI Nvidia Budget

Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (www.bloomberg.com)
2026-7-7 Google Startup Munich

WiseTech co-founder Richard White steps down as chair amid a police probe over claims he exploited a woman's immigration status for sex; WTC jumps 7%+ (www.bloomberg.com)
2026-7-7 Immigration

Sources: Vista Equity and Quinti made a takeover bid for Criteo that values the French ad tech company at a 50%+ premium to its stock price in recent weeks (www.bloomberg.com)
2026-7-7 France Equity

Sources: the US considers housing the Strategic Bitcoin Reserve at Commerce instead of Treasury amid concerns over Treasury's legal authority to manage it (www.bloomberg.com)
2026-7-7 Real Estate Bitcoin

A term sheet shows Tencent is seeking to raise as much as $1.55B in a selldown of part of its stake in short-video app operator Kuaishou through a block trade (www.bloomberg.com)
2026-7-7 Tencent

Memo: Xbox CEO Asha Sharma says the unit will divest five studios, including Ninja Theory, alongside 3,200 job cuts, to streamline the business, in a “reset” (www.bloomberg.com)
2026-7-6 Xbox

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