Articles from www.bloomberg.com

Articles from www.bloomberg.com

Court hearing: UK prosecutors aim to confiscate ~$6.8B in bitcoin tied to a massive 2017 fraud in China and to pay back Chinese investors that were its victims (www.bloomberg.com)
2025-10-16 China Bitcoin

Bengaluru-based quick grocery delivery startup Zepto raised $450M from Goodwater, General Catalyst, and others at a $7B valuation, as it prepares for an IPO (www.bloomberg.com)
2025-10-16 IPO Startup

Japanese chip material maker Tekscend rose 13% on its Tokyo debut after raising $1B in its IPO; Tekscend makes photomasks to transfer tiny circuits onto wafers (www.bloomberg.com)
2025-10-16 Japan IPO Tokyo

Kraken acquires Small Exchange, a US-licensed futures exchange, from the IG Group, for $32.5M in cash and $67.5M in Kraken parent's Payward stock (www.bloomberg.com)
2025-10-16

A look at efforts in Sweden to make its banking systems and payment networks resilient to hybrid warfare attacks; 90% of Sweden's transactions are digital (www.bloomberg.com)
2025-10-16 Sweden

TSMC reports Q3 net profit up 39% YoY to ~$14.8B, beating est., after previously reporting a 30% rise in revenue, the latest sign of robust spending on AI chips (www.bloomberg.com)
2025-10-16 AI

Nvidia partners with startup Firmus on Project Southgate, a $2.9B initial undertaking to build renewable energy-powered AI data centers across Australia (www.bloomberg.com)
2025-10-16 Australia Energy Startup AI Nvidia Renewable

Huawei's key partners SiCarrier and Qiyunfang showcased chipmaking gear and EDA software at a Shenzhen expo; SiCarrier's gear competes with older US products (www.bloomberg.com)
2025-10-16 Shenzhen

Sources: F5's breach is blamed on China, whose hackers had infiltrated F5's network for at least 12 months using the Brickstorm malware to steal source code (www.bloomberg.com)
2025-10-16 China

Sources: Apple executive Ke Yang, who was appointed just weeks ago as head of a team developing AI-driven web search for Siri, is leaving for Meta (www.bloomberg.com)
2025-10-16 AI Apple

David Sacks says Anthropic is running a “regulatory capture strategy based on fear-mongering”, responding to Anthropic co-founder Jack Clark's post on AI policy (www.bloomberg.com)
2025-10-16 AI

Sources: Chinese state actors compromised UK government servers for at least the last 10 years, routinely accessing low- and medium-level classified information (www.bloomberg.com)
2025-10-16 China

Sources: Anthropic held early funding talks this month with Abu Dhabi-based MGX, which it considers a prior investor, after closing a $13B Series F in September (www.bloomberg.com)
2025-10-16

Sources: Orange is seeking to raise €400M-€500M by selling a stake of as much as 50% in its data center business, including its major facility in Normandy (www.bloomberg.com)
2025-10-16

US bank Erebor, founded by Palmer Luckey, Joe Lonsdale, and others, wins conditional OCC approval to offer services to emerging tech companies in crypto and AI (www.bloomberg.com)
2025-10-16 AI

Meta says it is investing $1.5B+ to set up a 1 GW data center in El Paso, Texas, and expects it come online in 2028 (www.bloomberg.com)
2025-10-16 Texas

AppLovin shut down Array last quarter, calling it “a test product” that wasn't “economically viable”, after allegations it led to unwanted Android app installs (www.bloomberg.com)
2025-10-16 Android

ASML CFO Roger Dassen says the company is “well prepared” for China's curbs on exports of rare earths; a source says ASML could face weeks-long shipment delays (www.bloomberg.com)
2025-10-15 China

SoftBank's $5.4B purchase of ABB's robotics unit is another setback for Europe, which risks losing its edge to Asian and US companies in the “physical AI” era (www.bloomberg.com)
2025-10-15 Europe AI Robot

ASML reports Q3 net bookings of €5.4B, v. €4.9B est., as the AI spending boom boosts demand for its EUV machines to produce the most sophisticated AI chips (www.bloomberg.com)
2025-10-15 AI

Sources: Apple plans to build its upcoming indoor security camera, home hub, and tabletop robot in Vietnam as part an effort to lessen its dependence on China (www.bloomberg.com)
2025-10-15 China Apple Robot Vietnam

Marc Benioff says Salesforce is saving about $100M a year by using AI tools in its customer service operations (www.bloomberg.com)
2025-10-15 AI Salesforce

Walmart partners with OpenAI to let shoppers browse and purchase its products on ChatGPT, including apparel, entertainment, packaged food, and third-party goods (www.bloomberg.com)
2025-10-15 Walmart

Sources: the EU considers forcing Chinese companies seeking access to digital markets to hand over tech to European companies if they want to operate locally (www.bloomberg.com)
2025-10-15 China Europe

Nexperia says China banned it from exporting China-made products, as Beijing hits back at the Dutch government for taking over the Wingtech-owned chipmaker (www.bloomberg.com)
2025-10-14 China Netherlands

Internal memo: in a first, Samsung plans to award shares and bonuses based on stock price to employees and will let staff get up to 50% of their payout in stock (www.bloomberg.com)
2025-10-14 Samsung

OpenAI's massive deals show Sam Altman is selling a vision of a world-changing product and achieving it via world-changing financial engineering to raise $1T+ (www.bloomberg.com)
2025-10-14

Samsung projects Q3 operating profit up 32% YoY to ~$8.47B vs. ~$6.8B est., its biggest quarterly profit in more than three years, as AI development accelerates (www.bloomberg.com)
2025-10-14 Samsung AI

Amazon plans to hire 250K workers for the 2025 holiday season, the same as in 2023 and 2024, including full-time and part-time, and will pay $19/hour on average (www.bloomberg.com)
2025-10-13 Amazon

CoinGecko: crypto's combined market cap rises 6% to hit $4T, recovering from a brutal weekend selloff as President Trump tries to calm US-China trade war fears (www.bloomberg.com)
2025-10-13 Trump China

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