Articles from www.bloomberg.com

Articles from www.bloomberg.com

SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (www.bloomberg.com)
2025-11-6 SpaceX

Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (www.bloomberg.com)
2025-11-6

Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (www.bloomberg.com)
2025-11-6 AI

Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (www.bloomberg.com)
2025-11-6 AI

Rockstar says it fired dozens of staff last week due to “distributing and discussing confidential information in a public forum”, disputing union allegations (www.bloomberg.com)
2025-11-6

Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (www.bloomberg.com)
2025-11-6 iPhone

Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (www.bloomberg.com)
2025-11-6 China

Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (www.bloomberg.com)
2025-11-6

Shares of Pony.ai and WeRide fell as much as 15% in their Hong Kong trading debut; Pony.ai raised ~$863M in the secondary offering and WeRide raised ~$309M (www.bloomberg.com)
2025-11-6 Hong Kong AI

Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions (www.bloomberg.com)
2025-11-6 China

Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity (www.bloomberg.com)
2025-11-6 Snapchat Equity

Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, vs. $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ after hours (www.bloomberg.com)
2025-11-6

Sources: Apple plans to use a custom 1.2T-parameter Google Gemini model to help power the new Siri next year and will be paying Google ~$1B annually for it (www.bloomberg.com)
2025-11-6 Google Apple

Amazon opens a new 10,000-square-foot automated Whole Foods store in Pennsylvania partly staffed by robots; customers can scan and order items from the aisles (www.bloomberg.com)
2025-11-6 Amazon Robot

Sources: Apple plans to launch a low-cost laptop with an iPhone chip in H1 2026 to rival Chromebooks and entry-level Windows PCs for students and casual users (www.bloomberg.com)
2025-11-6 iPhone Apple

Reevo, which aims to use AI to help bring products to market, raised $80M, split across a $10M seed and $70M Series A led by Kleiner, at a $500M valuation (www.bloomberg.com)
2025-11-6 AI

Shein opens a store in Paris, its first physical outlet, on the top floor of the historic BHV Marais department store, as politicians and retailers protest it (www.bloomberg.com)
2025-11-6 Paris

Netherlands-based Nebius unveils Token Factory, a platform to let companies use open source AI models like GPT-oss, in a bid to compete with AWS and Azure (www.bloomberg.com)
2025-11-5 AI Netherlands

Wiz CEO Assaf Rappaport says the US DOJ concluded its review of Google's planned $32B acquisition; the FTC website dated the early termination to October 24 (www.bloomberg.com)
2025-11-5 Google

Singapore-based Video Rebirth, founded by Tencent AI veteran Liu Wei to develop AI video generation models, raised a $50M seed from Qiming, ActozSoft, and more (www.bloomberg.com)
2025-11-5 AI Tencent Singapore

A profile of Chen Zhi, chairman of Cambodian conglomerate Prince Holding Group, accused by the US and UK of stealing billions of dollars via online scam centers (www.bloomberg.com)
2025-11-5

Bitcoin dropped below $100K for the first time since June on Tuesday; ETH also fell as much as 15% on Tuesday, and many altcoins are down 50%+ this year (www.bloomberg.com)
2025-11-5 Bitcoin ETH

Amazon sent a cease-and-desist to Perplexity, demanding it to stop letting Comet make purchases on users' behalf, accusing it of computer fraud (www.bloomberg.com)
2025-11-5 Amazon

Super Micro reports Q1 revenue down 15% YoY to $5B, vs. $6.09B est., and forecasts Q2 profit below estimates; SMCI drops 9%+ after hours (www.bloomberg.com)
2025-11-5

AMD reports Q3 revenue up 36% YoY to $9.24B, vs. $8.7B est., Data Center revenue up 22% to $4.3B, and forecasts Q4 revenue below the highest projections (www.bloomberg.com)
2025-11-5 4Q AMD

IBM plans to cut “a low single-digit percentage” of its workforce in Q4, affecting thousands of staffers; it employed ~270K workers as of the end of 2024 (www.bloomberg.com)
2025-11-5 IBM 4Q

Sources: Amazon sent a cease-and-desist to Perplexity, demanding it to stop letting Comet make purchases on users' behalf, accusing it of computer fraud (www.bloomberg.com)
2025-11-5 Amazon

Paris prosecutors open a probe into TikTok's algorithm and compliance with requirements to police and report suicide content, after a French government report (www.bloomberg.com)
2025-11-5 France Algorithm Paris

Sources: Apple plans to launch a low-cost laptop powered by an iPhone chip in H1 2026 to rival Chromebooks, aimed at students and casual users, codenamed J700 (www.bloomberg.com)
2025-11-5 iPhone Apple

Instacart launches an AI shopping assistant as part of its white-label e-commerce service, which powers the online shopping sites for some grocery chains (www.bloomberg.com)
2025-11-5 AI

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