Articles from www.bloomberg.com

Articles from www.bloomberg.com

All 25 staffers of Annapurna's gaming division resigned this month after CEO Megan Ellison pulled out of talks to spin off the unit as an independent entity (www.bloomberg.com)
2024-9-13

YC plans to expand to four cohorts per year, adding spring and fall sessions in 2025; each batch will be half the size of the most recent cohort of 256 startups (www.bloomberg.com)
2024-9-13 Startup

Adobe reports Q3 revenue up 11% YoY to $5.41B, vs. $5.37B est., Digital Media revenue up 11% to $4B, Q4 revenue guidance below est.; ADBE drops 9%+ after hours (www.bloomberg.com)
2024-9-13 Adobe 4Q

Sources: Spotify is trying to entice video-oriented creators to distribute shows on the platform in addition to YouTube, sometimes offering them seven figures (www.bloomberg.com)
2024-9-13 YouTube Spotify

eToro USA agrees to pay $1.5M and limit US user trading to Bitcoin, Bitcoin Cash, and Ether to settle SEC allegations that it operated as an unregistered broker (www.bloomberg.com)
2024-9-13 U.S. Bitcoin

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation, plus, a source says, $5B in debt from banks as a revolving credit facility (www.bloomberg.com)
2024-9-13 Equity

A look at the tough options before Intel's board, including scaling back factory projects, selling off subsidiaries, or splitting Intel's core operations (www.bloomberg.com)
2024-9-12 Intel

A 397-page EC report, released shortly before CJEU's verdicts against Apple and Google, says the EU's competition enforcement can be “harmful to innovation” (www.bloomberg.com)
2024-9-12 Google Apple

Infineon says it has developed 300mm gallium nitride wafers, which can produce 2.3x more chips than 200mm wafers and speed their adoption for AI applications (www.bloomberg.com)
2024-9-12 AI

AST SpaceMobile's stock is up ~1,300% since a record low in April 2024 and following deals with AT&T and Verizon in May to provide wireless service from space (www.bloomberg.com)
2024-9-12 AT&T

Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation and raise $5B in debt from banks in the form of a revolving credit facility (www.bloomberg.com)
2024-9-12 Equity

Chainalysis: payments in Singapore using stablecoins reached a record high of almost $1B in Q2, led by transactions at merchant outlets (www.bloomberg.com)
2024-9-11 Singapore

A surge in scams poses a serious image problem for Revolut, which faces more complaints than its large UK rivals about authorized push payment scams (www.bloomberg.com)
2024-9-11

AWS plans to spend £8B in the UK to grow its cloud business, expecting to support up to 14,000 jobs and contribute £14B to the UK GDP between 2024 and 2028 (www.bloomberg.com)
2024-9-11 GDP

NYC-based Versana, a two-year-old platform that allows lenders to access data about $2.7T worth of loans, raised $26M from Barclays, Bank of America, and others (www.bloomberg.com)
2024-9-11 U.S.

Glean, which uses AI to offer unified search across apps used at a company, raised $260M+ at a $4.6B valuation, after raising $200M at a $2.2B valuation in Feb. (www.bloomberg.com)
2024-9-11 AI

South Korean police arrest two former Samsung officials on suspicion of stealing tech worth $3.2B+ to build a chipmaking plant in China (www.bloomberg.com)
2024-9-10 China Korea Samsung

Google loses its bid to reverse a €2.4B EU fine for abusing its monopoly power to crush rival shopping services, as EU's Court of Justice backs a 2017 decision (www.bloomberg.com)
2024-9-10 Google

Sources: Apple will launch Image Playground and Genmoji as part of iOS 18.2; Sonos cuts its plans to build ~1M Ace headphones units per year to ~100K per year (www.bloomberg.com)
2024-9-10 IOS Apple

Audible plans to invite some US-based audiobook narrators to train AI on their voices, to clone the voices for recordings through a royalty-sharing model (www.bloomberg.com)
2024-9-9 AI

Sources: Japanese chip startup Rapidus seeks to raise ~$696M from existing and new investors by issuing new shares to finance its chip development efforts (www.bloomberg.com)
2024-9-9 Japan Startup

Sources: Apple will launch Image Playground and Genmoji in iOS 18.2; Sonos cuts its plans to build ~1M units of Ace headphones per year, to ~100K per year (www.bloomberg.com)
2024-9-9 IOS Apple

A profile of Texas-based Tyler Tech, which has become a dominant US local government software provider, despite a history of software flaws and release delays (www.bloomberg.com)
2024-9-8 Texas

Hero Games' Daniel Wu reflects on his studio's 20% stake in Game Science, the creator of China's biggest PC game Black Myth: Wukong, which has sold 18M+ copies (www.bloomberg.com)
2024-9-8 China

Character.AI, Aleph Alpha, and other AI startups that raised hundreds of millions are struggling to compete against better-funded rivals and Big Tech companies (www.bloomberg.com)
2024-9-7 Startup AI

What to expect from Apple's September 9 event: four iPhone 16 models, two AirPods models, Apple Watch Series 10 with a thin body, Apple Intelligence, and more (www.bloomberg.com)
2024-9-7 iPhone Apple Intelligence

Source: TSMC achieved production yields at its Arizona facility on par with established plants in Taiwan and plans to start mass production in Arizona in 2025 (www.bloomberg.com)
2024-9-7 Taiwan

What to expect from Apple's September 9 event: four iPhone 16 models, two new AirPods, Apple Watch Series 10 with an updated look, Apple Intelligence, and more (www.bloomberg.com)
2024-9-6 iPhone Apple Intelligence

Sources: Apple approves a WeChat update for iOS, as talks continue with Tencent to offer IAP and block links to external payment services in mini games (www.bloomberg.com)
2024-9-6 IOS Apple WeChat Tencent

Analysts raise questions over Brazilian digital bank Nubank's rising default rate, even as loans grow 28% YoY; ~60% of all Brazilian adults have Nubank's app (www.bloomberg.com)
2024-9-6 Brazil

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