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Articles from
www.bloomberg.com
A US judge approves Genesis Global Capital's Chapter 11 repayment plan to return Bitcoin and other tokens to creditors, defeating a challenge by its parent DCG
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www.bloomberg.com
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2 hours ago
Bitcoin
Expedia fires its CTO Rathi Murthy and SVP Sreenivas Rachamadugu due to a “violation of company policy”, days after its annual product and partner conference
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www.bloomberg.com
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3 hours ago
Epic v. Apple: Phil Schiller told a US judge that Apple's new 27% fee on purchases made outside its App Store are a good-faith attempt to comply with the law
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www.bloomberg.com
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3 hours ago
Apple
Photo editing and sharing app VSCO says it is now profitable, has a user base of 200M worldwide, and has 160K subscribers for its $59.99/year Pro product
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www.bloomberg.com
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6 hours ago
Sources: Germany is nearing a decision to strip Huawei and ZTE components from the country's 5G core network by 2026 for national security reasons
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www.bloomberg.com
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16 hours ago
Germany
5G
Hong Kong launches a pilot program enabling digital yuan payments through major Chinese banks, first deployment of China's currency beyond the mainland
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www.bloomberg.com
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18 hours ago
China
Hong Kong
Microsoft partnership with Mistral AI will avoid a UK antitrust probe after the CMA finds Microsoft can't “materially influence” Mistral's commercial policy
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www.bloomberg.com
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19 hours ago
Microsoft
AI
Prosus and parent group Naspers appoint Fabricio Bloisi as new CEO, replacing interim CEO Ervin Tu; Bloisi, who was the CEO of iFood, will start on July 1
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www.bloomberg.com
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1 day ago
Sources: Snowflake is in talks to acquire Reka AI, which builds LLMs for businesses, for over $1B; report: Reka was valued at ~$300M in a 2023 funding round
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www.bloomberg.com
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1 day ago
AI
Take-Two announces a fall 2025 release date for Grand Theft Auto VI, and reduces its bookings forecast for FY 2025 from $8B+ to $5.55B+
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www.bloomberg.com
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1 day ago
Blackstone agrees to buy a majority stake in Israeli enterprise software company Priority Software, which has 17K clients and 500+ staff, at an $800M valuation
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www.bloomberg.com
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1 day ago
Israel
A profile of Noland Arbaugh, who was paralyzed after an accident in mid-2016 and became the first person to receive Neuralink's brain implant in January 2024
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www.bloomberg.com
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1 day ago
JD.com reports Q1 revenue up 7% YoY to ~$36B, above ~$35.8B est., and net income up 13.9% YoY to ~$984M, after ramping up shopping perks to attract customers
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www.bloomberg.com
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1 day ago
Baidu reports Q1 revenue up 1% YoY to ~$4.4B, above ~$4.35B est., the slowest growth in over a year, and net income down 6% YoY to ~$755M, above ~$554M est.
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www.bloomberg.com
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1 day ago
Ubisoft falls ~15% after warning that Q1 net bookings will be ~€275M, below €376M est., and reporting a €401M adjusted operating income in FY 2024
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www.bloomberg.com
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1 day ago
ElevenLabs quietly launches ElevenLabs Reader: AI Audio, its first consumer app to read web pages, PDFs and other documents aloud in 11 different voices
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www.bloomberg.com
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1 day ago
AI
Visa rolls out tech that will allow it to share more data about customers' preferences based on their shopping history with retailers via proprietary “tokens”
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www.bloomberg.com
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2 days ago
AT&T and satellite provider AST SpaceMobile announce an agreement to provide a space-based broadband network direct to cell phones; the deal runs through 2030
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www.bloomberg.com
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2 days ago
AT&T
Microsoft's carbon emissions grew 29.1% from 2020 to 2023, as its push to be the global leader in AI puts its goal to be carbon negative by 2030 in peril
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www.bloomberg.com
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2 days ago
Microsoft
AI
US judge rules Tesla must face claims it misled buyers on self-driving; it's faced accusations since 2016 when it said new cars had “full self-driving” hardware
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www.bloomberg.com
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2 days ago
Tesla
Uber plans to work with local fleets to add US shuttle bus services to and from airports, concert venues, and sports stadiums, for a fraction of UberX's cost
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www.bloomberg.com
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2 days ago
Uber
Humanity Protocol, a blockchain-based identity system that uses scans of people's palms, raised a $30M seed led by Kingsway Capital at a $1B valuation
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www.bloomberg.com
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2 days ago
Blockchain
TSMC SVP Kevin Zhang says ASML's new machines, which cost €350M each, are too expensive, and the A16 node, due in late 2026, won't need to use the new machines
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www.bloomberg.com
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2 days ago
Yemen is holding back repairs on the key AAE-1 internet cable in the Red Sea during a criminal investigation into the cable owners' alleged Houthi militia ties
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www.bloomberg.com
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2 days ago
Raspberry Pi announces plans for a London Stock Exchange IPO; the company was reportedly valued at ~$560M when Arm acquired a minority stake in November 2023
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www.bloomberg.com
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2 days ago
IPO
Raspberry Pi
London
USDC issuer Circle, which confidentially filed for a US IPO in January, plans to shift its legal base to the US form Ireland, and may face more onerous taxes
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www.bloomberg.com
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3 days ago
IPO
Tax
Ireland
Polymarket, a decentralized prediction and betting market with a focus on elections, has raised $70M across two rounds, the most recent led by Founders Fund
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www.bloomberg.com
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3 days ago
Decentralize
Alibaba reports Q4 revenue up 6.6% YoY to ~$30.7B, above $30.4B est., a ~$452M net income, down 86% YoY from ~$3.2B in Q4 2023, and announces a $4B dividend
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www.bloomberg.com
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3 days ago
Alibaba
4Q
Square Enix falls 16%, the biggest decline in 13 years, after President Takashi Kiryu said sales of its big-budget games, exclusive to PlayStation, fell short
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www.bloomberg.com
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3 days ago
Budget
Intel announces another Foundry leadership change, naming Marvell executive Kevin O'Buckley as SVP, replacing longtime executive Stu Pann, in the role a year
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www.bloomberg.com
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3 days ago
Intel
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