Articles from www.bloomberg.com

Articles from www.bloomberg.com

After Meta jumped 172% in the year to November, Mark Zuckerberg sold 682K shares worth almost $185M via trading plans, his first share sale since November 2021 (www.bloomberg.com)
2023-12-5 Zuckerberg

Sources: Byju's founder Byju Raveendran pledged his and his family's homes as collateral to borrow ~$12M to raise money to pay staff, to fight a cash crunch (www.bloomberg.com)
2023-12-5

Fifteen years of economic stagnation have left the typical UK household £8,300 poorer than peers in countries like France and Germany, according to a major report (www.bloomberg.com)
2023-12-4 Germany France U.K.

US Commerce Secretary Gina Raimondo says her department needs more money to stop China on chips and calls out Nvidia for redesigning for the Chinese market (www.bloomberg.com)
2023-12-4 China Nvidia

Sunak Considers Spending Restraint to Allow for More UK Tax Cuts (www.bloomberg.com)
2023-12-4 Tax

Bitcoin trades above $40K for the first time since May 2022 as it extends its 2023 rebound (www.bloomberg.com)
2023-12-4 Bitcoin

CoreWeave, which offers Nvidia GPUs in the cloud, says it closed a minority stake sale to investors led by Fidelity; sources: the sale values CoreWeave at $7B (www.bloomberg.com)
2023-12-4 Nvidia

Chase Bank could be an ideal Goldman Sachs replacement for Apple Card, as it uses the same Mastercard network and already has a strong relationship with Apple (www.bloomberg.com)
2023-12-4 Apple Goldman

Researchers show AI misalignment in a GPT-4-based stock trading AI that engaged in insider trading in a simulated environment without being instructed to do so (www.bloomberg.com)
2023-12-3 AI

The US, UK, and Australia plan to test a new way to track Chinese submarines using AI to rapidly process sonar data, as part of the AUKUS security alliance (www.bloomberg.com)
2023-12-2 China Australia AI

Trump Denied Immunity Against Jan. 6 Charges, Judge Rules (www.bloomberg.com)
2023-12-2 Trump

An in-depth look at China's efforts to help Huawei build a self-sufficient chip supply chain via a network of enterprises backed by Shenzhen's investment fund (www.bloomberg.com)
2023-12-2 China Shenzhen

Amazon signs a contract with SpaceX for three launches of Falcon 9 rocket to help launch its Project Kuiper satellite constellation (www.bloomberg.com)
2023-12-2 Amazon SpaceX

Phil Spencer says Microsoft is talking to partners to help launch a mobile gaming store to take on Apple's and Google's app stores, but offered no launch date (www.bloomberg.com)
2023-12-1 Google Microsoft Mobile Apple

Sources: Tiger Global cut valuations of its portfolio companies in September 2023 including Superhuman by 45%, DuckDuckGo 72%, Yuga Labs 69%, and OpenSea 94% (www.bloomberg.com)
2023-12-1

Meta Chief AI Scientist Yann LeCun says “there is really no commercial downside” to sharing Meta's AI tech openly, even as many peers take the opposite approach (www.bloomberg.com)
2023-12-1 AI

Sources: CFIUS forced Aramco Ventures' Prosperity7 fund to sell its stake in AI chip startup Rain AI in the past year; Prosperity7 led Rain's 2022 $25M raise (www.bloomberg.com)
2023-12-1 Startup AI

Dell reports Q3 revenue down 10% YoY to $22.3B, vs. $23B est., Client Solutions revenue down 11% YoY to $12.3B, and projects Q4 revenue of $22B, vs. $23.9B est. (www.bloomberg.com)
2023-12-1 4Q

Indian IT giants Infosys and Wipro cut college recruitment in October as global demand cools, leaving hundreds of thousands of tech graduates in peril (www.bloomberg.com)
2023-12-1 India

Taylor Swift Brings Jay Powell Some Christmas Cheer (www.bloomberg.com)
2023-12-1

US Boat Sales Rose in Covid. Now Rates Are Hurting Them (www.bloomberg.com)
2023-12-1

Sources: OpenAI is giving employees an extra month, until January 5, to decide whether they want to sell shares in the company through a tender offer (www.bloomberg.com)
2023-12-1

Meta sues the FTC, claiming its in-house trials violate the Constitution, and asks a court to halt the agency's bid to change a $5B privacy settlement in 2020 (www.bloomberg.com)
2023-12-1

Canada Economy Surprisingly Shrank 1.1% in Third Quarter (www.bloomberg.com)
2023-12-1 Canada

A UK judge reverses a decision to block a full UK CMA investigation into Apple's dominance in mobile browsers and cloud gaming, saying the CMA acted lawfully (www.bloomberg.com)
2023-12-1 Mobile Apple

Bloomberg: A $30 Billion Meltdown in Clean Energy Puts Biden's Climate Goals at Risk (www.bloomberg.com)
2023-11-30 Energy Climate

Google TAG executive Kate Morgan says Google observed a “massive increase” in Chinese cyberattacks on Taiwan in the last six months from over 100 groups (www.bloomberg.com)
2023-11-30 China Taiwan Google

At the NYT's DealBook event, Nvidia CEO Jensen Huang says the US is 10 years to 20 years from chip independence and reaffirms Nvidia's commitment to China (www.bloomberg.com)
2023-11-30 China Nvidia

How Swedish battery maker Northvolt uses AI at its Skellefteå factory to help speed up EV battery making, led by former Apple AI researcher Siddharth Khullar (www.bloomberg.com)
2023-11-30 AI Apple Battery Sweden

In a blog post, OpenAI CEO Sam Altman says Ilya Sutskever won't be a board member, but the company is “discussing how he can continue his work at OpenAI” (www.bloomberg.com)
2023-11-30

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