Articles from www.bloomberg.com

Articles from www.bloomberg.com

Xiaomi reports Q3 revenue up 0.6% YoY to ~$9.9B, its first gain in almost two years, and a ~$684M net income, both above est., buoyed by rising smartphone sales (www.bloomberg.com)
2023-11-20 Xiaomi

Microsoft says Altman, Brockman will lead new in-house AI team (www.bloomberg.com)
2023-11-20 Microsoft AI

Source: OpenAI board members seek to hire their own CEO to succeed Sam Altman; sources: Mira Murati plans to rehire Altman and Greg Brockman in some capacity (www.bloomberg.com)
2023-11-20

Bayer's Monsanto Ordered to Pay $1.5 Billion in Roundup Case: One of largest trial losses in five-year Roundup litigation; Three ex-users blamed Roundup for their non-Hodgkins lymphomas (www.bloomberg.com)
2023-11-20

Source: a number of announcements at DevDay infuriated OpenAI chief scientist Ilya Sutskever, like custom GPTs that OpenAI has said may one day run autonomously (www.bloomberg.com)
2023-11-20

Sources: talks to reinstate Altman, led by Satya Nadella, hit a snag over the board's role; source: board members are yet to resign as they vet replacements (www.bloomberg.com)
2023-11-20

Sources: before his ouster, Sam Altman was trying to raise money in the Middle East for a venture, codenamed Tigris, to produce TPUs and compete with Nvidia (www.bloomberg.com)
2023-11-20 Nvidia

A look at Apple's quest to build key device components in-house, including a cellular modem and other wireless chips, displays, batteries, and camera sensors (www.bloomberg.com)
2023-11-20 Apple

Trash Cans Make Techy Comeback in Japan as Tourists Flood Cities (www.bloomberg.com)
2023-11-20 Japan

Sources: Satya Nadella has been in touch with Sam Altman and pledged to support Altman with whatever steps he takes next (www.bloomberg.com)
2023-11-19

Pakistan Wins Initial IMF Deal for $700 Million Payout (www.bloomberg.com)
2023-11-19 IMF

China Puts Money Behind Singapore Model in Major Housing Shift (www.bloomberg.com)
2023-11-19 China Real Estate Singapore

Source: Ilya Sutskever and his allies on the OpenAI board may have been put off by Sam Altman looking to raise funds for new companies off of OpenAI's name (www.bloomberg.com)
2023-11-18

The US Is Leading the Economic Growth Race Against China (www.bloomberg.com)
2023-11-18 China

White House Condemns Elon Musk's ‘Abhorrent' Endorsement of Antisemitism (www.bloomberg.com)
2023-11-18 Elon Musk

Amazon laying off hundreds in Alexa division (www.bloomberg.com)
2023-11-18 Amazon

The Share of Americans Who Are Mortgage-Free Is at an All-Time High (www.bloomberg.com)
2023-11-18 U.S. mortgage

Alibaba's market value drops to $201B, about half of Tencent's $391B, as it faces sluggish demand and increased competition; Alibaba was valued at $850B in 2020 (www.bloomberg.com)
2023-11-17 Alibaba Tencent

Top 1% share of income has actually been falling, democrats suicidal. (www.bloomberg.com)
2023-11-17 Democrat

Sources: Apple may postpone the release of its own iPhone modem chip until at least the end of 2025 or early 2026, the final year of its contract with Qualcomm (www.bloomberg.com)
2023-11-17 iPhone Apple

America's Top 1% Don't Make as Much as You Might Think (www.bloomberg.com)
2023-11-17 U.S.

George Santos Says He Won't Seek Reelection to US House (www.bloomberg.com)
2023-11-17

Tether plans to spend ~$500M over the next six months to become one of the world's top Bitcoin miners, after acquiring a 20% stake in Northern Data in September (www.bloomberg.com)
2023-11-17 Bitcoin

Investigation: Amazon backs three advocacy groups working to thwart Microsoft's government cloud contracts; an Amazon executive wrote a public FTC comment (www.bloomberg.com)
2023-11-17 Amazon Microsoft

UPS announces a new $79M, 20-acre facility near Louisville, set to be staffed by over 3,000 robots handling manual tasks and around 200 human workers in 2024 (www.bloomberg.com)
2023-11-17 Robot

Alibaba reports Q2 revenue up 9% YoY to ~$31B, beating ~$30.9B est., a ~$3.8B net income, up from a ~$3B loss in Q2 2022, and calls off its cloud spinoff (www.bloomberg.com)
2023-11-16 Alibaba

AI chip startup Sapeon, backed by South Korean conglomerate SK Group, announces the Sapeon X330, claiming 4x the performance of the X220, rolling out in H1 2024 (www.bloomberg.com)
2023-11-16 Korea Startup AI

Paxos and StraitsX get in-principle approvals from the Monetary Authority of Singapore to issue USD-backed stablecoins (www.bloomberg.com)
2023-11-16 Monetary Singapore

Human smugglers are using Facebook, Instagram, Snapchat, TikTok, and WhatsApp to recruit a new generation of coyotes to transport migrants from Mexico to the US (www.bloomberg.com)
2023-11-16 Mexico Facebook Snapchat Instagram WhatsApp Immigration

Cigna Follows Mark Cuban's Lead to Make Drug Prices Simpler (www.bloomberg.com)
2023-11-16

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