Articles from www.bloomberg.com

Articles from www.bloomberg.com

Another look at Apple's executive succession, as it increases the spotlight on hardware chief John Ternus; sources: Apple weighed hiring a senior Meta AI exec (www.bloomberg.com)
4 hours ago AI Apple

Indonesia restores TikTok's local operating license after the company provided government-requested user activity data for August 25-30, when protests happened (www.bloomberg.com)
15 hours ago Indonesia

PitchBook: VCs have invested $192.7B in AI startups so far this year, putting 2025 on track to be the first year when 50%+ of VC funding goes to the AI industry (www.bloomberg.com)
1 day ago Startup AI

A look at the tussle between the US and China over subsea cables; US Big Tech now accounts for 70%+ of all used subsea-cable capacity, from <10% a decade ago (www.bloomberg.com)
1 day ago China

Kioxia, whose stock has more than tripled since its public debut in Tokyo last December, expects NAND storage demand to grow by ~20% annually amid the AI boom (www.bloomberg.com)
1 day ago AI Tokyo

KKR invests in Infobric, a Stirling Square-backed Swedish company that offers software to the construction industry, sources say at a ~€600M valuation (www.bloomberg.com)
1 day ago Sweden

Source: Xbox gave up more than $300M in Call of Duty sales on consoles and PCs last year after its decision to put some of its top titles on Game Pass (www.bloomberg.com)
1 day ago Xbox

Coinbase applies for a national trust company charter, says it “has no intention of becoming a bank” and the charter will allow expansion in areas like payments (www.bloomberg.com)
1 day ago Coinbase

Sources: BlackRock's GIP is in talks to buy Aligned, which operates 78 data centers across North and South America, in a deal that could value Aligned at ~$40B (www.bloomberg.com)
2 days ago U.S. South America

TechInsights: Huawei used components from TSMC, Samsung, and SK Hynix in some of its Ascend 910C chips; TSMC says the parts are from a reported incident in 2024 (www.bloomberg.com)
2 days ago Samsung

Indonesia suspends TikTok's local operating license, saying it failed to share complete livestream activity data during protests following a government request (www.bloomberg.com)
2 days ago Indonesia

Uber acquihires Belgian data labeling startup Segments.ai to expand its lidar data labeling capabilities; its founders and staff will join Uber AI Solutions (www.bloomberg.com)
2 days ago Uber Startup AI Belgium

A Google exec says Alphabet has been working for the past two years to technologically decouple its life sciences unit Verily so that it can be sold or spun off (www.bloomberg.com)
2 days ago Google Alphabet

Microsoft has committed $33B+ to neocloud providers; sources: its $19.4B Nebius deal will provide computing power for creating LLMs and a consumer AI assistant (www.bloomberg.com)
3 days ago Microsoft AI

Sources: German AI language platform DeepL held initial talks over a US IPO, and may seek an up to $5B valuation; DeepL raised $300M at a $2B valuation in 2024 (www.bloomberg.com)
3 days ago Germany IPO AI

Sources: Apple has paused development of a lighter Vision Pro to focus on smart glasses, a no-display model for a 2027 release, and a model with a display later (www.bloomberg.com)
3 days ago Apple

Silver Lake, whose $24B deal to take Dell private in 2013 became its calling card, sees a similar setup in EA: a recognizable brand with predictable cash flows (www.bloomberg.com)
3 days ago Silver

Source: OpenAI completed a secondary sale letting staff sell ~$6.6B in shares at a $500B valuation, making it the world's most valuable startup ahead of SpaceX (www.bloomberg.com)
3 days ago Startup SpaceX

A Google exec and sources say a ransomware group presumably tied to Cl0p is sending extortion emails, claiming it stole data from Oracle's E-Business Suite (www.bloomberg.com)
3 days ago Google Oracle

Data center real estate investment trust Fermi, co-founded by former US Energy Secretary Rick Perry, closed up 55% in its Nasdaq debut, valuing Fermi at ~$19.3B (www.bloomberg.com)
3 days ago Energy

Sources: Apple has shelved a cheaper, lighter Vision Pro variant planned for 2027 to focus on smart glasses, one to pair with iPhone and another with a display (www.bloomberg.com)
4 days ago iPhone Apple

Stockholm-based driverless truck startup Einride raised about $100M, a source says at a $1B+ valuation, up from a valuation of €400M in a 2021 funding round (www.bloomberg.com)
4 days ago Startup

Sources: European prosecutors are investigating Northern Data for allegedly claiming a tax break on approximately €500M worth of GPUs it used for crypto mining (www.bloomberg.com)
4 days ago Europe Tax

Memo: Microsoft CEO Satya Nadella is handing off some of his business responsibilities to Judson Althoff, who will become CEO of Microsoft's commercial business (www.bloomberg.com)
4 days ago Microsoft

Amazon unveils Amazon Grocery, a new private-label brand that offers 1,000+ grocery items largely priced below $5, available online and at Amazon Fresh stores (www.bloomberg.com)
4 days ago Amazon

Google unveils new Home products: $99 Google Home Speaker, set for spring 2026, third-gen $100 Nest Cam Indoor, second-gen $150 Nest Cam Outdoor, and more (www.bloomberg.com)
4 days ago Google

Sam Altman signs a letter of intent with Samsung and SK Hynix to supply Stargate; Samsung and SK Hynix say demand from OpenAI could hit 900K wafers per month (www.bloomberg.com)
4 days ago Samsung

SAG-AFTRA criticizes AI-generated actress Tilly Norwood, the subject of a viral UK TV show parody, saying it opposes replacing performers with “synthetics” (www.bloomberg.com)
4 days ago AI

Tether CEO Paolo Ardoino says the company plans to distribute its new USAT token on Rumble to capture US market share; Tether holds a 48% stake in Rumble (www.bloomberg.com)
4 days ago

Apple files a motion to dismiss xAI's lawsuit, which alleges that Apple's ChatGPT integration stifles competition, saying it plans to integrate other chatbots (www.bloomberg.com)
4 days ago Apple chatbot

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