Articles from www.bloomberg.com

Articles from www.bloomberg.com

A profile of Kaley Glenn-Mills, the plaintiff in K.G.M. v. Meta et al., who was awarded $6M in damages in a landmark LA jury trial over social media addiction (www.bloomberg.com)
9 hours ago

Official data shows Hong Kong accounted for 50%+ of China's $239B in chip imports in the first five months of 2026, a record share, up from ~33% a decade ago (www.bloomberg.com)
1 day ago China Hong Kong

Micron breaks ground on its ~$9.3B Hiroshima factory expansion, part of its global ramp-up to meet AI demand, and plans to start HBM shipments from summer 2028 (www.bloomberg.com)
1 day ago AI

A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (www.bloomberg.com)
1 day ago China AI Asset

Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches (www.bloomberg.com)
2 days ago Texas

Blackstone's QTS abandons plans to build its portion of a 2,100-acre data center campus in Virginia, following years of local opposition and legal challenges (www.bloomberg.com)
2 days ago Virginia

Letter: chip sector group SEMI, including Micron and Samsung, warns Scott Bessent US policies affecting prices or production capacity would worsen the shortage (www.bloomberg.com)
2 days ago Samsung

SpaceX cuts Starlink's monthly prices in half in the Memphis area, as it endures blowback and legal challenges from opponents of its Colossus data centers (www.bloomberg.com)
2 days ago SpaceX

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (www.bloomberg.com)
2 days ago

Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (www.bloomberg.com)
2 days ago Startup

Sources: Palmer Luckey's Erebor Bank is in talks to raise money at an $8B+ valuation, up from $4.35B in 2025; its deposits grew from $1.1B in March to $4B now (www.bloomberg.com)
2 days ago

Kling AI, the Kuaishou AI video generator spin-off, raised $2B at a $15B pre-money valuation and says the round could extend to as much as $3B (www.bloomberg.com)
2 days ago AI

SoftBank and its telecom unit launch SB Neo to offer AI chips and cloud services to big companies, aiming to provide 10GW of capacity in the US by 2030 (www.bloomberg.com)
3 days ago AI

Sources: Meta plans a cloud infrastructure business that will sell access to AI compute and models, to compete with AWS, Azure, and Google Cloud; META jumps 9% (www.bloomberg.com)
3 days ago Google AI

Germany-based Quantum Systems, which sells surveillance drones used by Ukraine, raised $1.2B led by Blackstone, Noteus, Airbus, and Advent at an ~$8B valuation (www.bloomberg.com)
3 days ago Germany Airbus Drone Ukraine Quantum

A look at the CSOP SK Hynix Leveraged ETF, which trades in Hong Kong and has ballooned into a $13B fund, becoming the world's largest single-stock leveraged ETF (www.bloomberg.com)
3 days ago Hong Kong ETF

The European Court of Justice rules that Google's earlier defeat against a €4.1B European Commission penalty over abusing Android market power should stand (www.bloomberg.com)
3 days ago Android Europe Google

Sources: data center operator Switch seeks a ~$2B funding round valuing the company at ~$50B, including debt, led by a $400M investment from Andreessen Horowitz (www.bloomberg.com)
3 days ago

Sources: Apple is in negotiations to buy chips from CXMT and YMTC, two Chinese semiconductor makers on a Pentagon blacklist, for use in devices sold in China (www.bloomberg.com)
3 days ago China Apple Pentagon

India-based short video app ShareChat's parent company Mohalla Tech plans to raise up to $400M in an IPO in 2027; ShareChat has ~65M micro-drama viewers monthly (www.bloomberg.com)
3 days ago India IPO

Amazon's emissions rose 16%+ YoY in 2025, driven by data center construction and delivery fuel, while Google's “ambition-based” emissions jumped 18% YoY in 2025 (www.bloomberg.com)
3 days ago Google Amazon

Bending Spoons, which owns Vimeo and AOL, closed up 40% in its US market debut on Wednesday at a $25.7B valuation, after raising $1.68B in its IPO (www.bloomberg.com)
3 days ago IPO

Sources: Apple is working on new iPad Pros and an entry-level 14" MacBook Pro with a new design in line with the upcoming touch-screen laptops for H1 2027 (www.bloomberg.com)
3 days ago Apple MacBook iPad

Uber dismissed two leaders at its AI data labeling business as part of a broader leadership transition at the unit, which it says is “seeing strong momentum” (www.bloomberg.com)
4 days ago Uber AI

Abu Dhabi-based MGX raised a $49B AI-focused fund, exceeding its $45B target, and plans to spend as much as $10B annually over the next few years (www.bloomberg.com)
4 days ago AI

Sources: Meta is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, to compete with AWS and Azure (www.bloomberg.com)
4 days ago AI

Taiwanese authorities detain two Super Micro staff and an Albatron manager after a raid of Super Micro's local offices this week over Nvidia shipments to China (www.bloomberg.com)
4 days ago China Taiwan Nvidia

Stockholm's Patent and Market Court orders Google to pay nearly $2B to Klarna's PriceRunner in a dispute over abuse of power in the shopping comparison market (www.bloomberg.com)
4 days ago Google

Twelve Labs, which is building AI models to make video searchable and understandable, raised a $100M Series B co-led by NEA and Naver, and signs an AWS deal (www.bloomberg.com)
4 days ago AI

Wayve files to sell shares on the London Stock Exchange's new Private Securities Market, the first major company to test it, and let staff sell $85M in shares (www.bloomberg.com)
4 days ago London

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