Articles from www.bloomberg.com

Articles from www.bloomberg.com

Interviews with three Google executives on the new Pixel phones, why Pixel won't ever be a “giant player”, improving the devices by ~30% each year, AI, and more (www.bloomberg.com)
7 minutes ago Google AI

Sources: Take-Two lays off 80 staff at BioShock studio Cloud Chamber, or ~33% of its 250 staff, and delays the next BioShock game to late 2026 or early 2027 (www.bloomberg.com)
5 hours ago

DeepSeek details V3.1 and says it surpasses R1 on key benchmarks and is customized to work with next-gen Chinese-made AI chips, after unveiling it on August 19 (www.bloomberg.com)
6 hours ago China AI

SpaceX inks Alaska Air deal for Starlink in-flight Wi-Fi; sources say it is courting Middle Eastern airlines in a potential watershed against legacy operators (www.bloomberg.com)
9 hours ago SpaceX

Analysis: Baidu's stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns (www.bloomberg.com)
11 hours ago AI

A US judge sentences Noah Urban, a member of Scattered Spider, to 10 years in prison in connection with a string of major hacks and cryptocurrency thefts (www.bloomberg.com)
22 hours ago Cryptocurrency

Microsoft says it curtailed Chinese companies' access to advance vulnerability notifications via MAPP starting in July, after probing the SharePoint breach (www.bloomberg.com)
1 day ago China Microsoft

Sources: Oracle is on the hook for tens of billions to build unprecedentedly large data centers, including $1B per year on a gas-powered megasite in West Texas (www.bloomberg.com)
1 day ago Oracle Texas

Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (www.bloomberg.com)
1 day ago Intel

Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most (www.bloomberg.com)
1 day ago Startup

Canva launches employee stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (www.bloomberg.com)
1 day ago

Memo: Meta restructures Superintelligence Lab; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (www.bloomberg.com)
1 day ago

Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (www.bloomberg.com)
2 days ago Google

DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese local media blames CEO Liang Wenfeng's perfectionism for R2's delay (www.bloomberg.com)
2 days ago China

Xiaomi reports Q2 revenue up 31% YoY to $16.2B, above ~$16B est., and net income up 75.4% to ~$1.6B driven by EV sales, as its smartphone business slows down (www.bloomberg.com)
2 days ago Xiaomi

Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units (www.bloomberg.com)
2 days ago China India iPhone Apple

Source: Oracle Chief Security Officer Mary Ann Davidson, who joined in 1988 and became the company's first CSO, is leaving as part of a recent reorganization (www.bloomberg.com)
2 days ago Oracle

Sources: the Trump administration is in discussions to take a stake of ~10% in Intel, converting some or all of Intel's $10.9B CHIPS Act grants into equity (www.bloomberg.com)
2 days ago Trump Intel Equity

Sources: Meta may debut “Hypernova” smart glasses with a display for ~$800 in September; Apple delays releasing immersive video shot around Vision Pro's debut (www.bloomberg.com)
3 days ago Apple

SoftBank buys Foxconn's Ohio EV plant; Foxconn will produce AI servers at the plant as part of Softbank's $500B Stargate project with OpenAI and Oracle (www.bloomberg.com)
3 days ago AI Oracle

Interview with Trent Brunson, R&D director at cybersecurity firm Trail of Bits, which won $3M and 2nd place in DARPA's AI Cyber Challenge, behind Team Atlanta (www.bloomberg.com)
3 days ago Interview AI

Sources: Apple slow-walks immersive content it shot around the launch of Vision Pro; Meta may launch “Hypernova” smart glasses with display for ~$800 next month (www.bloomberg.com)
4 days ago Apple

A look at the problems at Uber Freight, which has posted operating losses every year since it was founded in 2017, except for 2022, and just appointed a new CEO (www.bloomberg.com)
4 days ago Uber

Sources: current and former OpenAI employees plan to sell ~$6B in stock to Thrive Capital, SoftBank, and others in a secondary sale that values OpenAI at ~$500B (www.bloomberg.com)
5 days ago

Meta's standalone Meta AI app, launched in April 2025, offers an uneven experience, hallucinating and not personalizing replies despite access to Meta accounts (www.bloomberg.com)
5 days ago AI

Winklevoss twins' Gemini files for a US IPO and reports a $282.5M net loss on $67.9M revenue in H1 2025, vs. a $41.4M net loss on $73.5M revenue a year earlier (www.bloomberg.com)
5 days ago IPO

A US district court judge temporarily blocks an FTC probe into Media Matters, part of an antitrust investigation into ad boycotts, calling the probe retaliatory (www.bloomberg.com)
5 days ago

Roblox shares closed down 6.34% on Friday after the company was accused in two lawsuits of failing to sufficiently protect youngsters on its platform (www.bloomberg.com)
5 days ago

Opendoor CEO Carrie Wheeler steps down, with Shrisha Radhakrishna named president and interim CEO; OPEN jumps 8%+ (www.bloomberg.com)
6 days ago

CoreWeave's IPO lockup expires Friday for holders of 80%+ of its Class A shares; its stock plunged 33% in the two days after its Q2 earnings amid selloff fears (www.bloomberg.com)
6 days ago IPO

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