Articles from www.bloomberg.com

Articles from www.bloomberg.com

Uber plans a fleet of 100,000 autonomous vehicles powered by Nvidia's new Drive AGX Hyperion 10, starting in 2027 (www.bloomberg.com)
2025-10-29 Uber Nvidia Autonomous Car

Sources: Polymarket plans to return to the US with a focus on sports betting; initial trading is likely by the end of November, but won't be broadly available (www.bloomberg.com)
2025-10-29

Microsoft gets access to OpenAI tech through 2032, including models post-AGI but excluding consumer hardware; OpenAI can now develop products with third parties (www.bloomberg.com)
2025-10-29 Microsoft

Blackstone partners with Humain to invest about $3B in building and operating data centers and AI infrastructure across Saudi Arabia, set to open in 2026 (www.bloomberg.com)
2025-10-29 AI Arabia Saudi Arabia

Nvidia plans to invest $1B in Nokia for a 2.9% stake in the company, an apparent vindication of the Finnish company's pivot from mobile networking to AI (www.bloomberg.com)
2025-10-29 Mobile AI Nvidia Nokia Finland

PayPal reports Q3 revenue up 7% YoY to $8.4B, total payment volume up 8% to $458.1B, above $450.3B est., and raises its FY 2025 EPS forecast; PYPL jumps 10%+ (www.bloomberg.com)
2025-10-29

Circle launches the test version of its Arc blockchain, with Goldman, BlackRock, Apollo, Anthropic, Intercontinental Exchange, and others set to trial it (www.bloomberg.com)
2025-10-29 Blockchain Goldman

A profile of Substrate, which uses particle acceleration to handle lithography, claiming to solve one of tech's toughest problems, and aims to compete with ASML (www.bloomberg.com)
2025-10-29

Apple crosses a $4T market cap in intra-day trading, making it only the third public company ever to reach the milestone; AAPL is up 56% since its April low (www.bloomberg.com)
2025-10-29 Apple

OpenAI-Microsoft deal: Microsoft gets a 27% stake, access to its AI models until 2032, including AGI-level models, and OpenAI will buy $250B of Azure services (www.bloomberg.com)
2025-10-29 Microsoft AI

Sources: Uber plans to invest in the Hong Kong listings of Pony AI and WeRide, deepening its Chinese robotaxi ties, including ~$100M in Pony AI's share sale (www.bloomberg.com)
2025-10-28 China Hong Kong Uber AI

Stablecoin startup ZAR raised $12.9M led by a16z to test USD-backed coins for Pakistan, which the World Bank estimates has the third-largest unbanked population (www.bloomberg.com)
2025-10-28 Startup World Bank

Amazon says it will cut ~14,000 jobs across its corporate workforce, after cutting 27,000 from 2022 to 2023; the company employed 1.55M people globally in June (www.bloomberg.com)
2025-10-28 Amazon

PayPal and Bilt, which offers rewards points for rent payments, say Bilt customers will be able to use Venmo to make rent and mortgage payments starting in 2026 (www.bloomberg.com)
2025-10-28 mortgage

Citigroup and Coinbase say they are exploring on-chain stablecoin payments and simpler crypto-fiat transfers for Citi's institutional clients (www.bloomberg.com)
2025-10-28 Coinbase

Analysis: Chinese robotaxi companies like Baidu and WeRide are outnumbering their US rivals with more projects progressing from testing to commercialization (www.bloomberg.com)
2025-10-28 China

IBM launches Digital Asset Haven, a digital assets platform built with crypto wallet provider Dfns for financial institutions, governments, and companies (www.bloomberg.com)
2025-10-27 IBM Asset

The US DOJ's rigged-poker-game indictment involved hacking DeckMate, a casino-standard, suitcase-sized, $10K+ card shuffling machine, to reveal players' hands (www.bloomberg.com)
2025-10-27

Artemis: $10B+ was moved through stablecoins in August, up from $6B in February and more than double YoY, following President Trump's signing of the Genius Act (www.bloomberg.com)
2025-10-27 Trump

Sources: Apple is working on a vapor chamber for the next iPad Pro in 2027 and plans to start selling ads in its Maps app as early as next year (www.bloomberg.com)
2025-10-27 Apple iPad

The US AI data center boom is consuming capital, power, and people that the rest of the economy needs, and is crowding out Trump's manufacturing revival plans (www.bloomberg.com)
2025-10-26 Trump AI Manufacturing

How Changpeng Zhao's pardon frees him to refocus on reclaiming ground in the US market, where Binance.US only has a 0.75% share of bitcoin trading volume (www.bloomberg.com)
2025-10-25 Bitcoin

Grab is investing an undisclosed amount in May Mobility as part of a multiyear deal, which includes bringing robotaxis to Southeast Asia as soon as 2026 (www.bloomberg.com)
2025-10-25 Asia Southeast Asia

Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11% (www.bloomberg.com)
2025-10-25 Germany

Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts (www.bloomberg.com)
2025-10-25 AI

Crypto.com follows Circle, BitGo, and others in applying for a US bank charter, as it seeks to further its custody-service business for products such as ETFs (www.bloomberg.com)
2025-10-25 ETF

Tether CEO Paolo Ardoino says the company expects to earn close to $15B in profit in 2025, up from around $13B in 2024 (www.bloomberg.com)
2025-10-25

New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital (www.bloomberg.com)
2025-10-25 AI New York

Sources: banks are preparing to launch a $38B debt sale to fund Oracle data centers, including $23.25B for a Texas data center and $14.75B for a Wisconsin site (www.bloomberg.com)
2025-10-24 Oracle Texas

Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year (www.bloomberg.com)
2025-10-24 Bitcoin JPMorgan

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