Articles from www.bloomberg.com

Articles from www.bloomberg.com

Challenger: US tech sector job cuts rose to 18,720 in March, up 24% YoY, taking the Q1 total to 52,000+; AI accounted for 25% of layoffs across all industries (www.bloomberg.com)
2026-4-2 AI Layoffs

Sources: Chinese optics company and Nvidia supplier Innolight confidentially filed for a Hong Kong IPO that could raise $3B+; Innolight is listed in Shenzhen (www.bloomberg.com)
2026-4-2 China Hong Kong IPO Nvidia Shenzhen

Alibaba releases Qwen3.6-Plus, its third proprietary, closed-source AI model launched within a three-day period, saying it “drastically enhanced” agentic coding (www.bloomberg.com)
2026-4-2 Alibaba AI

A profile of Microsoft CFO Amy Hood, who paused some data center expansion last year, a decision some say led to its current supply crunch and growth bottleneck (www.bloomberg.com)
2026-4-2 Microsoft

In a joint filing, Elon Musk and the US SEC say they are ready to move toward a trial over Musk's alleged failure to disclose his Twitter stake in 2022 (www.bloomberg.com)
2026-4-2 Twitter Elon Musk

Super Micro co-founder Yih-Shyan Liaw pleads not guilty to US federal charges of helping smuggle billions of dollars' worth of Nvidia-powered servers to China (www.bloomberg.com)
2026-4-2 China Nvidia

Sources: SpaceX has filed confidentially for an IPO, putting it on track for a June listing; it could reportedly seek a valuation of $1.75T+ and raise ~$75B (www.bloomberg.com)
2026-4-2 IPO SpaceX

Secondary share marketplaces say OpenAI shares have fallen out of favor, in some cases becoming difficult to unload, as investors pivot quickly to Anthropic (www.bloomberg.com)
2026-4-2

Intel agrees to pay $14.2B to repurchase Apollo's 49% stake in the Fab 34 joint venture in Leixlip, Ireland, and plans to issue $6.5B in new debt to fund it (www.bloomberg.com)
2026-4-2 Intel Ireland

Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (www.bloomberg.com)
2026-4-1 Energy Iran

Malta is opposing EU plans to centralize crypto supervision under ESMA, seeing it as a politically motivated assault on its success in attracting crypto firms (www.bloomberg.com)
2026-4-1 Malta

A profile of Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib, who has used crypto diplomacy to help Pakistan win over President Trump (www.bloomberg.com)
2026-4-1 Trump Asset

Analysis: half of Asia's 10 most volatile stocks are recent AI IPOs, including China's Moore Threads and MiniMax, driven by thin institutional ownership (www.bloomberg.com)
2026-4-1 China IPO Asia AI

Grab, in partnership with WeRide, launches a robotaxi service in Singapore, becoming Southeast Asia's first ride-hailing provider to offer a driverless service (www.bloomberg.com)
2026-4-1 Asia Singapore Southeast Asia

Perplexity faces a proposed class action lawsuit alleging it shared users' personal data with Meta and Google even in Incognito mode, violating CA privacy laws (www.bloomberg.com)
2026-4-1 Google

Source: Google plans to release a screenless Fitbit band later this year; it will include basic features and require a paid subscription for more functionality (www.bloomberg.com)
2026-4-1 Google

Sources: Microsoft is in talks with Chevron and investment fund Engine No. 1 over a $7B Texas power plant that would initially generate 2.5 GW of electricity (www.bloomberg.com)
2026-4-1 Microsoft Texas

Iranian media: Iran arrested 46 people allegedly in a network selling Starlink terminals and seized 139 terminals; there are an estimated 50K terminals in Iran (www.bloomberg.com)
2026-4-1 Iran

Monzo is shuttering its US operations to focus on scaling in the UK and Europe; source: it will lay off ~50 employees and close clients' accounts in June (www.bloomberg.com)
2026-4-1 Europe

Google researchers warn that quantum computers may crack elliptic-curve cryptography, which helps secure crypto wallets, with 20x fewer resources than expected (www.bloomberg.com)
2026-4-1 Google Quantum

Sources: Apple is testing letting Siri process multiple requests in a single query in iOS 27, and explored a Grammarly-like keyboard that expands autocorrect (www.bloomberg.com)
2026-4-1 IOS Apple

Amazon replaces Amex with US Bancorp as the issuer for its Prime Business and Amazon Business credit cards that it is relaunching in the coming months (www.bloomberg.com)
2026-4-1 Amazon Credit Card

Micromobility delivery startup Also, a Rivian spinoff, raised $200M led by Greenoaks at a $1B valuation and enters a multiyear partnership with DoorDash (www.bloomberg.com)
2026-4-1 Startup

TCL agrees to buy a 51% stake in Sony's global home entertainment business for ~$472M, as the Chinese company seeks to expand overseas; Sony retains a 49% stake (www.bloomberg.com)
2026-4-1 China Sony

Sources: Tether cuts two senior precious metals traders who joined from HSBC just months ago in its push to build “the best trading floor for gold in the world” (www.bloomberg.com)
2026-3-31 HSBC

CoreWeave raised an $8.5B loan from banks and investors to expand its cloud computing capacity, in what it says is the largest chip-backed debt deal of its kind (www.bloomberg.com)
2026-3-31

Nvidia invests $2B in chipmaker Marvell and says the two companies plan to work on silicon photonics tech, enabling high-speed data transmission; MRVL jumps 9%+ (www.bloomberg.com)
2026-3-31 Nvidia

Netflix feels comfortable raising prices knowing customers can downgrade to its ad tier; in 2026, Netflix is on track to double 2025's $1.5B+ in ad sales (www.bloomberg.com)
2026-3-31 Netflix

Sarasota-based Tenex, which offers an AI-enabled managed cybersecurity detection and response service, raised $250M led by Crosspoint at a $1B+ valuation (www.bloomberg.com)
2026-3-31 AI

Analysis: in 2025, Vietnam surpassed China as the leading supplier of laptops and game consoles to the US for the first time, despite President Trump's tariffs (www.bloomberg.com)
2026-3-31 Trump China Vietnam

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