Articles from www.bloomberg.com

Articles from www.bloomberg.com

An open letter signed by 602 founders, VCs, and more urges Sequoia act after Shaun Maguire said Zohran Mamdani “comes from a culture that lies about everything” (www.bloomberg.com)
2025-7-8

Quantum computing company IonQ raised $1B via a sale of stock and warrants to Heights Capital Management, an affiliate of Susquehanna International Group (www.bloomberg.com)
2025-7-8 Quantum

Sources: Ruoming Pang, head of the foundation models team at Apple, is leaving to join Meta, which offered a package worth tens of millions of dollars per year (www.bloomberg.com)
2025-7-8 Apple

CoreWeave says it agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity (www.bloomberg.com)
2025-7-7 Bitcoin AI 4Q

Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from rivals, after a GitHub group accused it of copying (www.bloomberg.com)
2025-7-7 AI GitHub

France's Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients (www.bloomberg.com)
2025-7-7 France AI

A look at the US Secret Service's GIOC, which sources say helped seize ~$400M in digital assets over the past decade through crypto scam investigations globally (www.bloomberg.com)
2025-7-7 Asset

Q&A with British Library CEO Rebecca Lawrence on dealing with the aftermath of a major October 2023 cyberattack, AI scraping, AI for text analysis, and more (www.bloomberg.com)
2025-7-7 U.K. AI

Foxconn reports Q1 revenue up 15.8% YoY to ~$62B, driven by strong demand for iPhones and AI servers powered by Nvidia chips, meeting analysts' expectations (www.bloomberg.com)
2025-7-6 AI Nvidia

Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying (www.bloomberg.com)
2025-7-5 Bitcoin

The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped (www.bloomberg.com)
2025-7-5 AI

Blackstone acquires Vista Equity Partners' minority stake in event software company Cvent, sources say for $1.3B; Blackstone acquired Cvent for $4.6B in 2023 (www.bloomberg.com)
2025-7-5 Equity

Sources: the US plans to restrict shipments of AI chips to Malaysia and Thailand, as part of an effort to crack down on suspected chip smuggling into China (www.bloomberg.com)
2025-7-5 China Thailand AI Malaysia

Sources: Google plans to propose a price comparison box at the top of search results in EU, featuring ranked options from competitors, to avoid DMA fines (www.bloomberg.com)
2025-7-4 Google

As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets (www.bloomberg.com)
2025-7-4 SpaceX

Daniel Gross is leaving Safe Superintelligence, the AI startup he co-founded with Ilya Sutskever, to join Meta's new superintelligence lab (www.bloomberg.com)
2025-7-4 Startup AI

Austin-based Ambiq Micro, which makes ultra-low power chips, files for an IPO and reports an $8.3M net loss on $15.7M in revenue in the three months to March 31 (www.bloomberg.com)
2025-7-4 IPO

Thoma Bravo strikes a $2B deal to acquire restaurant software maker Olo, representing a 65% premium over Olo's share price on April 30 (www.bloomberg.com)
2025-7-4

Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild (www.bloomberg.com)
2025-7-3 Microsoft Xbox

ASML, Mistral, SAP, and 110+ European companies urge the EU to delay the implementation of its AI Act, saying it puts the bloc's AI ambitions at risk (www.bloomberg.com)
2025-7-3 Europe AI

Bitcoin's implied volatility declined to the lowest level in two years, showing decreased price swings and trading between $93K to $111K in the past two months (www.bloomberg.com)
2025-7-3 Bitcoin

Uber drivers in British Columbia joined a union, seeking to negotiate Canada's first bargaining agreement for rideshare drivers; Uber has agreed to meet (www.bloomberg.com)
2025-7-3 U.K. Uber Canada

Baidu overhauls its search engine with AI features and a voice function in its most sweeping revamp in years, and rolls out its first image-to-video model (www.bloomberg.com)
2025-7-3 AI

Siemens says it has restored full access to its chip design software for its Chinese clients after the Trump admin lifted export curbs, initially imposed in May (www.bloomberg.com)
2025-7-3 Trump China Siemens

Sources: OpenAI will rent additional computing power from Oracle, totaling about 4.5 gigawatts of US data center power, as part of its Stargate initiative (www.bloomberg.com)
2025-7-3 Oracle

Analysis: crypto ventures have added at least $620M to President Trump's fortune in months, overshadowing traditional real estate licensing deals (www.bloomberg.com)
2025-7-3 Trump

TikTok lays off workers from the US division of TikTok Shop, the third round of layoffs for the team since April, after a year of missing internal sales targets (www.bloomberg.com)
2025-7-3 Layoffs

Sources: Apple supplier Luxshare is working with Goldman Sachs and others on a Hong Kong IPO that could happen as soon as this year, aiming to raise over $1B (www.bloomberg.com)
2025-7-2 Hong Kong IPO Apple Goldman

Sources: Foxconn recalled 300+ Chinese engineers from its Indian iPhone factories over the past two months, a blow for Apple as it ramps up iPhone 17 production (www.bloomberg.com)
2025-7-2 China India iPhone Apple

Internal emails and audit reports warn that the Schengen Information System II, used by EU border forces, is rife with software and security vulnerabilities (www.bloomberg.com)
2025-7-2

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