Articles from www.bloomberg.com

Articles from www.bloomberg.com

Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors (www.bloomberg.com)
2025-5-9 Commodity

Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office (www.bloomberg.com)
2025-5-9 Trump Democrat Republican Senate

Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 (www.bloomberg.com)
2025-5-9 Apple

Memo: Meta CPO Chris Cox says Robert Fergus will lead its Facebook AI Research lab, succeeding Joelle Pineau; Fergus and Yann LeCun co-founded FAIR in 2014 (www.bloomberg.com)
2025-5-9 Facebook AI

Match says it will cut 13% of its staff, impacting ~325 jobs, per a 2024 filing, and reports Q1 revenue down 3% YoY to $831M, above est., and 14.2M paying users (www.bloomberg.com)
2025-5-8

Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+ (www.bloomberg.com)
2025-5-8 Shopify

The Greater Memphis Chamber says xAI is using Tesla's 150MW Megapack batteries to shore up its Colossus supercomputer; xAI spent ~$230M on them in 2024 and 2025 (www.bloomberg.com)
2025-5-8 Tesla

Analysis: ~66% of US data center projects built or in development since 2022 are in areas with high water stress, with five states having 72% of new facilities (www.bloomberg.com)
2025-5-8

Source: Fidji Simo will oversee several OpenAI executives who previously reported to Altman, including COO Brad Lightcap, CFO Sarah Friar, and CPO Kevin Weil (www.bloomberg.com)
2025-5-8

The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” that limits exports of AI chips, which was set to take effect on May 15 (www.bloomberg.com)
2025-5-8 AI

Nintendo projects Switch 2 sales to reach 15M units for the fiscal year ending March 2026, below 16.8M est., and $2.2B annual operating profit, below est. (www.bloomberg.com)
2025-5-8 Nintendo

The Taiwan dollar's sharpest rally against the US dollar in nearly 40 years raises concerns about the competitiveness and earnings of Taiwanese tech companies (www.bloomberg.com)
2025-5-8 Taiwan

Latin American e-commerce and fintech giant MercadoLibre reports Q1 revenue up 37% YoY to $5.9B, $494M in net income, and Argentina revenue up 125% YoY to $1.3B (www.bloomberg.com)
2025-5-8 U.S. Fintech Latin America

Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal of downplaying the importance of Apple's search deal with Google (www.bloomberg.com)
2025-5-8 Google AI Apple Browser

Filing: Apple seeks to pause the part of the April 30 US federal court ruling that blocked it from charging App Store commissions on outside transactions (www.bloomberg.com)
2025-5-8 Apple

US v. Google: Eddy Cue says Apple is looking at reshaping Safari to focus on AI search, and Safari searches dropped for the first time in April; GOOG drops 7.5% (www.bloomberg.com)
2025-5-8 Google AI Apple

The Commerce Department says it will rescind the Biden-era “AI diffusion rule”, which limits exports of AI chips and is set to take effect on May 15 (www.bloomberg.com)
2025-5-8 AI

Arm reports Q4 revenue up 34% YoY to $1.24B, vs. $1.23B est., royalty revenue up 18% to $607M, and forecasts Q1 revenue below est.; ARM drops 8%+ after hours (www.bloomberg.com)
2025-5-8 4Q

Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana (www.bloomberg.com)
2025-5-8 Blockchain Europe Retail

Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M (www.bloomberg.com)
2025-5-8 Trump

US v. Google: Eddy Cue testifies that Apple is “actively looking at” reshaping Safari to focus on AI search and, in a first, Safari searches dropped in April (www.bloomberg.com)
2025-5-8 Google AI Apple

Analysis: 75%+ of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun is likely to hold $18M (www.bloomberg.com)
2025-5-7 Trump

OpenAI unveils OpenAI for Countries, an initiative to help build out AI infrastructure and customize OpenAI's products for specific languages and local needs (www.bloomberg.com)
2025-5-7 AI

Uber reports Q1 revenue up 14% YoY to $11.5B, Gross Bookings up 14% YoY to $42.8B, vs. $43.1B est., trips up 18% YoY to 3B, and $1.8B net income; UBER falls ~5% (www.bloomberg.com)
2025-5-7 Uber

US credit and debit card data: Shein's US sales dropped 23% during the week of April 25 to May 1 compared to the prior seven days, while Temu's sales fell 17% (www.bloomberg.com)
2025-5-7

DoorDash plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups (www.bloomberg.com)
2025-5-7

AMD reports Q1 revenue up 36% YoY to $7.4B, vs. $7.12B est., Data Center revenue up 57% to $3.7B, vs. $3.66B est., and forecasts Q2 sales above estimates (www.bloomberg.com)
2025-5-7 AMD

An internal Meta report from 2019 found that minors made up 27% of the follow recommendations that Instagram surfaced to “groomers”, vs. 7% to all adults (www.bloomberg.com)
2025-5-7 Instagram

Germany- and US-based Parloa, which uses AI to automate customer service and call center operations, raised $120M at a $1B valuation, after raising $66M in 2024 (www.bloomberg.com)
2025-5-7 Germany AI

Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts (www.bloomberg.com)
2025-5-6

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