Articles from www.bloomberg.com

Articles from www.bloomberg.com

The US CFTC bans Caroline Ellison and FTX co-founder Gary Wang from trading for five years, as part of a settlement over their roles at FTX (www.bloomberg.com)
6 minutes ago CFTC

Marvell and Google expand their chip development deal, with Marvell granting Google a warrant to buy up to 58M+ shares at $206.58 each, totaling up to $12.2B (www.bloomberg.com)
3 hours ago Google

Amazon plans to expand Prime Air drone deliveries to cities in at least five more US states in the coming months, including suburban Chicago and Atlanta (www.bloomberg.com)
5 hours ago Amazon Drone

Kuaishou reports Q2 revenue flat at ~$5.2B, meeting est., net income down 36% YoY to ~$467M, the biggest drop since 2021, and Kling AI sales up 200% (www.bloomberg.com)
6 hours ago AI

WiseTech says Australian antitrust authorities raided its office, seeking documents and data as part of an alleged competition law breach probe; WTC falls 8%+ (www.bloomberg.com)
6 hours ago Australia

Filing: SK Hynix plans a ~$29B share buyback, repurchasing and canceling up to 24M treasury shares, in a bid to calm worries about the durability of AI spending (www.bloomberg.com)
7 hours ago AI

Chinese humanoid robot maker Unitree's stock surged 629% in early trading in its Shanghai debut on Wednesday, after raising ~$904M in its IPO (www.bloomberg.com)
14 hours ago China IPO Robot Shanghai

Sources: Temporal is in talks for a fresh funding round that would give the open-source orchestration platform developer a ~$500M raise at a $12B+ valuation (www.bloomberg.com)
14 hours ago

The US SEC proposes exempting certain digital asset offerings from securities registration statements, with exemptions for offerings up to $5M and $75M (www.bloomberg.com)
20 hours ago Asset

Sources: Anthropic's revolving credit facility is set to surpass its roughly $10B target as banks compete for roles on the company's upcoming IPO (www.bloomberg.com)
23 hours ago IPO

The EU says it “welcomes Apple's changes” and they follow a “close dialogue”; IAP fees are 26%, alt payment processing fees are 20%, and link-out fees are 15% (www.bloomberg.com)
1 day ago Apple

Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (www.bloomberg.com)
1 day ago Xiaomi

Alibaba's Alipay launches a new “all-in-one” platform for businesses to use AI agents to automate tasks; Alibaba's stock jumps 5%+ and is up 40%+ since June (www.bloomberg.com)
1 day ago Alibaba AI Alipay

Sources: China orders some state-linked entities to uninstall a government-tailored version of Windows 10, ahead of its February 2027 retirement timeline (www.bloomberg.com)
1 day ago China

Baidu reports Q2 revenue down 2% YoY to ~$4.62B, below ~$4.69B est. and its fifth straight quarterly decline, and net income of ~$341M, as it lags AI rivals (www.bloomberg.com)
1 day ago AI

Sources: Stripe has finalized a deal to acquire AI model marketplace OpenRouter for $7B+; founded in 2023, OpenRouter reportedly had a $1.3B valuation in May (www.bloomberg.com)
1 day ago AI

Sources: Anthropic's revenue run rate reached $65B by the end of July, up from $47B in May and $9B in late 2025 (www.bloomberg.com)
1 day ago

Sources: the US DOJ has been investigating a16z for nearly a year over whether its partners are improperly serving on the boards of competing AI companies (www.bloomberg.com)
1 day ago AI

Filing: Nvidia agrees to spend up to $105B to support SB Energy's new data center campus in Ohio set to be leased by OpenAI; Nvidia invests $1.5B in SB Energy (www.bloomberg.com)
2 days ago Energy Nvidia

Groq raised $350M led by Disruptive at a $3.5B valuation, down from $6.9B in September 2025 before Nvidia struck a licensing deal and hired much of its talent (www.bloomberg.com)
2 days ago Nvidia

French PM Lecornu will hold a crisis meeting Monday over a June-July cyberattack on France's tax agency that compromised 678K individual and business accounts (www.bloomberg.com)
2 days ago France Tax

Sources: Stripe has finalized a deal to acquire AI model marketplace OpenRouter for more than $7B; OpenRouter was valued at $1.3B in May (www.bloomberg.com)
2 days ago AI

Chinese citizens are more optimistic about AI than Americans because AI is seen as a practical tool in China that disrupts a smaller share of its population (www.bloomberg.com)
3 days ago China U.S. AI

Alibaba's open-weight models have accumulated 3B+ global downloads in the past six months; Hugging Face: Google had 418M downloads while Meta had 227M in 2026 (www.bloomberg.com)
4 days ago Google Alibaba

SpaceX closes its $60B acquisition of Cursor, two months after SpaceX formally announced it had agreed to acquire the startup (www.bloomberg.com)
4 days ago Startup SpaceX

Filing: Nvidia has a nearly $21B stake in SpaceX and a $30B stake in Intel; Nvidia invested as much as $2B in xAI in 2025 and $5B in Intel (www.bloomberg.com)
4 days ago Intel Nvidia SpaceX

Docs: Anthropic told investors it generated $11.5B+ in revenue, with positive adjusted operating income, in Q2, up from $787M in Q2 2025 and $4.73B in Q1 2026 (www.bloomberg.com)
4 days ago

Amazon adds a clause in its user agreement that seeks to prevent shoppers from filing class-action lawsuits against it, after removing a similar clause in 2021 (www.bloomberg.com)
4 days ago Amazon

Investor letter: Thrive's 2022 early-stage $516M fund that invested in OpenAI and SpaceX was worth $3.7B+ as of the end of June, net of fees and other charges (www.bloomberg.com)
4 days ago SpaceX

DeepSeek raises V4 model prices, adding dynamic pricing from August 16; V4-Flash output tokens go from $0.28/1M to $1.32 during peak hours and $0.66 in off-peak (www.bloomberg.com)
4 days ago

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