Articles from www.bloomberg.com

Articles from www.bloomberg.com

Yann LeCun says he is leaving Meta at the end of 2025 to build a new startup and continue his “Advanced Machine Intelligence research”, with Meta as a partner (www.bloomberg.com)
4 minutes ago Startup Intelligence

Sources: ID verification startup Incode is in preliminary talks to raise between $150M and $300M at a valuation of up to $3B, up from a $1.25B valuation in 2021 (www.bloomberg.com)
32 minutes ago Startup

Yann LeCun is departing Meta; sources: Meta plans to partner with LeCun on his new startup, which will be focused on world models (www.bloomberg.com)
2 hours ago Startup

Investors pulled $523M from BlackRock's IBIT bitcoin ETF on Tuesday, its largest single-day outflow since launch; BTC fell ~30% from its October all-time high (www.bloomberg.com)
2 hours ago Bitcoin ETF

Elon Musk says xAI plans to develop a 500 megawatt data center in Saudi Arabia with state-backed AI startup Humain; the data center will rely on Nvidia chips (www.bloomberg.com)
5 hours ago Startup AI Arabia Elon Musk Nvidia Saudi Arabia

Alphabet's stock rose as much as 6.9% on Wednesday, its biggest gain since early September, amid a wave of glowing reviews for Gemini 3 (www.bloomberg.com)
6 hours ago Alphabet

Meta warns of significant difficulties in identifying and removing underage users as it prepares for Australia's under-16 social media ban, set for December 10 (www.bloomberg.com)
9 hours ago Australia Ban

Ubisoft says it will release results for the fiscal first half before trading opens on November 21, after unexpectedly postponing their publication last week (www.bloomberg.com)
9 hours ago

Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint (www.bloomberg.com)
12 hours ago Korea

UK bank Lloyds agrees to acquire UK startup Curve, which offers digital wallets, in a deal set to close in H1 2026; Sky News reported Lloyds is set to pay £120M (www.bloomberg.com)
12 hours ago Startup

The Dutch government suspends its powers over chipmaker Nexperia, restoring control to its Chinese owner; a Dutch minister says the move is “a show of goodwill” (www.bloomberg.com)
13 hours ago China Netherlands

Boston Dynamics says its robot dog Spot is used by 60+ US and Canadian bomb squads and SWAT teams, with ~2K units deployed globally, five years after its debut (www.bloomberg.com)
13 hours ago Robot Canada Boston Dynamics

A look at Tsinghua University, which leads China's AI innovation, with 4,986 AI patents between 2005 and 2024, alumni behind startups like DeepSeek, and more (www.bloomberg.com)
15 hours ago China Startup AI

In a lawsuit, California-based TP-Link says Netgear orchestrated a smear by planting false claims with journalists and influencers about TP-Link's China ties (www.bloomberg.com)
21 hours ago China California

Trump says the US needs a “Federal Standard” governing oversight of AI instead of “a patchwork of 50 State Regulatory Regimes”, otherwise China will catch up (www.bloomberg.com)
23 hours ago Trump China AI

Meta Chief Revenue Officer John Hegeman is leaving, after 17 years at Meta; Clara Shih, who joined in November 2024 to lead its Business AI unit, is exiting (www.bloomberg.com)
1 day ago AI

Sources: the European Commission wants to decide if AWS, Azure, or Google Cloud should face new restrictions under the DMA, after several major cloud outages (www.bloomberg.com)
1 day ago Europe Google

Xiaomi President Lu Weibing says the company expects a shortfall in memory chips to push up mobile device prices in 2026, after SMIC's similar warning last week (www.bloomberg.com)
1 day ago Mobile Xiaomi

Filing: the US FTC ends its review of SoftBank's $6.5B acquisition of chip designer Ampere, granting an early termination; SoftBank announced the deal in March (www.bloomberg.com)
1 day ago

PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs (www.bloomberg.com)
1 day ago

The EU Commission opens an investigation into AWS and Azure to determine whether they should fall under the DMA and says they “occupy very strong positions” (www.bloomberg.com)
1 day ago

Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership (www.bloomberg.com)
1 day ago

Sources: Amazon is seeking to raise about $12B through a bond sale, its first such deal in US dollars since 2022, to help fund acquisitions, capex, and more (www.bloomberg.com)
2 days ago Amazon

Ramp says it is now valued at $32B following a $300M raise led by Lightspeed and an employee tender offer, up from a $22.5B valuation in July (www.bloomberg.com)
2 days ago

Google DeepMind releases WeatherNext 2, a weather model that it says offers faster, more accurate two-week forecasts and includes tools aimed at energy traders (www.bloomberg.com)
2 days ago Google Energy

Sources: the EU Commission wants to decide if any of AWS, Azure, and Google Cloud should face new restrictions under the DMA, following several major outages (www.bloomberg.com)
2 days ago Google

Meta says its 2Africa subsea cable project remains incomplete in the southern Red Sea segment due to security risks; Google's Blue-Raman cable is also delayed (www.bloomberg.com)
2 days ago Google

US filing: Peter Thiel's Thiel Macro sold 537,742 Nvidia shares, worth ~$100M as of September 30, during Q3, amid rising concerns about an AI investment bubble (www.bloomberg.com)
2 days ago AI Nvidia

Chinese chipmaker Cambricon's revenue surged 500%+ in the past year and its stock jumped 765%+ in two years, as China pushes local chips amid US sanctions (www.bloomberg.com)
2 days ago China

Tokyo-based Turing, which is developing an AI model for self-driving vehicles, raised a $99M Series A, sources say at a ~$388M valuation (www.bloomberg.com)
2 days ago AI Autonomous Car Tokyo

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