Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100 (www.bloomberg.com)
2023-11-30

Sources: Adobe's proposal to address EU and UK concerns about its $20B Figma deal may include not tying Figma into Creative Cloud and a divestment of Adobe XD (www.bloomberg.com)
2023-11-30 Adobe

SoFi tells its crypto customers to liquidate their accounts or move holdings to Blockchain.com by December 19, as it exits crypto due to regulatory scrutiny (www.bloomberg.com)
2023-11-30 Blockchain

These Are the World's Most Expensive Cities to Live In Right Now (www.bloomberg.com)
2023-11-30

Indeed Scraps Mental Health Days as More Firms Pare Covid-Era Perks (www.bloomberg.com)
2023-11-30

Unhappy American Consumers Will Welcome a Slower Economy (www.bloomberg.com)
2023-11-30 U.S.

Rover, an online marketplace for pet care services, agrees to be acquired by Blackstone in a $2.3B all-cash deal, or $11 per share; ROVR jumps 28%+ (www.bloomberg.com)
2023-11-30

A profile of Adam D'Angelo, who will remain on OpenAI's board despite agreeing to oust Sam Altman and was a key figure in negotiations to reappoint Altman (www.bloomberg.com)
2023-11-30

OECD Warns Global Economy Risks Losing Momentum (www.bloomberg.com)
2023-11-30

Sources: British AI startup Stability AI held early-stage talks with multiple companies about a sale, as executives face investor pressure over its finances (www.bloomberg.com)
2023-11-30 U.K. Startup AI

How a group of deepfake porn victims in NYC suburb Levittown helped convict the perpetrator, an ordeal that was further complicated by the lack of clear laws (www.bloomberg.com)
2023-11-29

Sources: Jack Ma praised PDD Holdings while urging Alibaba to change and “correct its course”, in a rare reply to a staff post on Alibaba's internal forum (www.bloomberg.com)
2023-11-29 Jack Ma Alibaba

Didi blamed a “low-level” software glitch for an outage that disrupted its car-hailing service in China and added the outage wasn't the result of a cyberattack (www.bloomberg.com)
2023-11-29 China

Meta tells US officials that it will block new political ads on Facebook and Instagram one week before the 2024 US election, similar to past election cycles (www.bloomberg.com)
2023-11-29 Facebook Instagram

Okta tells customers that hackers who breached its network stole information on all users of its customer support system, greater than the 1% claimed previously (www.bloomberg.com)
2023-11-29

Dell signs a $150M deal with Imbue, which raised $200M in September, to provide the AI startup with computing hardware to develop AI systems and advanced models (www.bloomberg.com)
2023-11-29 Startup AI

Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First Quarter (www.bloomberg.com)
2023-11-29

US Consumer Confidence Stabilizes With First Rise in Four Months (www.bloomberg.com)
2023-11-29

A Housing Market Mystery Haunts Wall Street's 2024 Forecast: Surveillance (www.bloomberg.com)
2023-11-29 Real Estate Wall Street

Panama Logjam Could Benefit Europe as US LNG Cargoes Avoid Asia (www.bloomberg.com)
2023-11-29 Europe Asia

Danish Central Bank Warns of Swedish Real Estate Spillover Risk (www.bloomberg.com)
2023-11-28 Sweden

PDD, which runs Temu and Pinduoduo, reports Q3 revenue up 94% YoY to ~$9.6B vs. ~$7.7B est., and net income up 47%, after grabbing Shein users; PDD jumps 15%+ (www.bloomberg.com)
2023-11-28

FTX investors sue MLB, Formula 1, and the Mercedes Formula 1 team, accusing them of aiding FTX's fraud, broadening a class-action suit against 24+ celebrities (www.bloomberg.com)
2023-11-28

Meituan reports Q3 revenue up 22% YoY to ~$10.7B, narrowly beating est., and net income up nearly 3x to ~$507M, boosted by strong Chinese travel demand (www.bloomberg.com)
2023-11-28 China

Shares of SenseTime fell as much as 9.7% in Hong Kong, after a short seller accused the AI company of inflating its revenue; SenseTime refutes the allegations (www.bloomberg.com)
2023-11-28 Hong Kong AI

How OpenAI's leadership chaos points to lingering governance issues and could affect its business prospects as it moves forward fundraising at an $86B valuation (www.bloomberg.com)
2023-11-28

Sources: Reddit is talking with potential investors for an IPO as soon as in Q1 2024; cloud data management startup Rubrik is also considering an IPO in Q1 2024 (www.bloomberg.com)
2023-11-28 IPO Startup Reddit

Americans Are Pulling Cash From Their Retirement Savings to Pay Bills (www.bloomberg.com)
2023-11-28 U.S.

The FTC can proceed with changes to Meta's 2020 $5B privacy settlement, like barring monetization of kids' data, after a judge denied Meta's move to go to court (www.bloomberg.com)
2023-11-28

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