Articles from www.bloomberg.com

Articles from www.bloomberg.com

Xreal One Pro review: the impressive new $649 AR glasses resemble normal spectacles at a distance and excel as a high-def external display for PCs and phones (www.bloomberg.com)
2025-6-18 AR

UBS confirms data was stolen in a cyberattack on supplier Chain IQ, which said it and 19 other companies were targeted; Swiss media says it impacts 130K+ staff (www.bloomberg.com)
2025-6-18 Switzerland

The European Commission accuses Chinese marketplace AliExpress of failing to tackle illegal products on its platform, in preliminary findings under the DSA (www.bloomberg.com)
2025-6-18 China Europe

JD.com founder Richard Liu calls the past five years the company's “darkest period” and vows to speed up overseas expansion and challenge Meituan in new areas (www.bloomberg.com)
2025-6-18

How Walmart plans to leverage its $2.3B Vizio acquisition to push shoppable TV experiences; Walmart's ad business had just $4.4B of sales in FY 2025 (www.bloomberg.com)
2025-6-18 Walmart

Sources: xAI is burning through $1B/month and expects to burn through ~$13B in 2025; revenues are expected to be just $500M this year, rising to $2B+ next year (www.bloomberg.com)
2025-6-18

X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution (www.bloomberg.com)
2025-6-18 New York

Sports data company Teamworks raised a $235M Series F led by Dragoneer at a $1B+ valuation; its tech is used by 6.5K+ sports teams including all NFL teams (www.bloomberg.com)
2025-6-18

Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average (www.bloomberg.com)
2025-6-18 Salesforce Slack

Sources: Elon Musk's xAI is in talks to raise $4.3B via an equity investment on top of the $5B it has recently been trying to borrow from debt investors (www.bloomberg.com)
2025-6-18 Elon Musk Equity

Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024 (www.bloomberg.com)
2025-6-17

China's MiniMax open sources MiniMax-M1, a model to handle complicated productivity tasks that supports 1M input tokens and it says surpasses DeepSeek's R1-0528 (www.bloomberg.com)
2025-6-17 China

Tinder unveils Double Date, bringing the double dating feature back to the US after shelving it in 2017 over privacy concerns, rolling out globally in July (www.bloomberg.com)
2025-6-17

The US Senate's draft tax bill would raise the CHIPS Act's tax credit for semiconductor factories from 25% to 30% until the tax break expires at the end of 2026 (www.bloomberg.com)
2025-6-17 Tax Senate

Juniper Square, which offers investment management and fund administration tools for real estate, PE, VC firms, raised $130M led by Ribbit at a $1.1B valuation (www.bloomberg.com)
2025-6-17 Private Equity Venture Capital

A whistleblower provides nonpublic data revealing that 1M+ 2FA SMS messages from June 2023 passed via Fink Telecom, a small Swiss company linked to spy agencies (www.bloomberg.com)
2025-6-16 Switzerland

Chinese state media: researchers successfully implanted a brain-computer interface in a tetraplegia patient in March, the second country after the US to do so (www.bloomberg.com)
2025-6-16 China

TikTok rolls out new AI ad features, including the ability for marketers to use text or images to create AI-generated video, as part of its Symphony ad suite (www.bloomberg.com)
2025-6-16 AI

In March, New York added a checkbox to its WARN system for companies to show if “technological innovation or automation”, like AI, was a reason for mass layoffs (www.bloomberg.com)
2025-6-16 AI Layoffs New York

A look at Apple's upgrades to CarPlay, iPadOS, and visionOS, and the new Liquid Glass redesign of its operating systems announced at WWDC (www.bloomberg.com)
2025-6-16 Apple

Amazon plans to invest ~$13B in Australia from 2025 to 2029 to develop its data center infrastructure, as demand for cloud computing and AI grows in the country (www.bloomberg.com)
2025-6-15 Australia Amazon AI

Statista: the global influencer marketing industry is projected to grow 36% between 2024 and 2025, reaching $33B, as brands tighten overall ad budgets (www.bloomberg.com)
2025-6-15

Taiwan imposes export controls on Huawei, SMIC, and some of their subsidiaries, restricting their access to tech and equipment necessary for AI chip production (www.bloomberg.com)
2025-6-15 Taiwan AI

A profile of Chess.com, which has popularized online chess among pro athletes, as CEO Erik Allebest says the site has over $100M in annual revenue and 35M MAUs (www.bloomberg.com)
2025-6-15

As the world moves toward digital artificiality, Airbnb's redesign and Apple's Liquid Glass UI bring back skeuomorphism and dimensionality to digital interfaces (www.bloomberg.com)
2025-6-14 Airbnb Apple

Sources: the US DOJ is reviewing whether Google's planned $32B acquisition of cybersecurity company Wiz would illegally limit competition in the market (www.bloomberg.com)
2025-6-14 Google

Source: Ramp raised $200M led by Founders Fund, valuing the startup at $16B, up from $13B in March, when it conducted a $150M share sale (www.bloomberg.com)
2025-6-14 Startup

Source: Accel, which owns 18.5% of Scale AI after investing a total of ~$350M, expects to gain over $2.5B from Meta's $14.3B investment in the startup (www.bloomberg.com)
2025-6-14 Startup AI

China releases draft guidelines on cross-border transmission of automobile data, which could pave the way for the wider rollout of Tesla's FSD in the country (www.bloomberg.com)
2025-6-14 China Tesla

Meta's Scale AI deal dwarfs rivals' “reverse acquihires” in scope and ambition, showing that its fear of lagging in AI outweighs fears of regulatory backlash (www.bloomberg.com)
2025-6-14 AI

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