Articles from www.bloomberg.com

Articles from www.bloomberg.com

Appfigures: mobile gamers spent $65.4B in 2024, up 4% YoY, but less than $4B went to games released in 2024; studios launched 126K games in 2024, down 43% YoY (www.bloomberg.com)
3 days ago Mobile

A profile of Tether's chief investment officer Richard Heathcote, who manages a $150B asset portfolio and has helped deepen Tether's ties with Cantor Fitzgerald (www.bloomberg.com)
3 days ago Asset

Former employees, analysts, VCs, and executives detail how DeepSeek works and how it fits into China's broader AI ambitions (www.bloomberg.com)
3 days ago China AI

AMD and Humain partner to invest up to $10B on AI infrastructure over the next five years, including in data centers stretching from Saudi Arabia to the US (www.bloomberg.com)
3 days ago AI Arabia Saudi Arabia AMD

Sources: Trump's admin mulls a deal to let UAE import 500K of the most advanced AI chips each year until 2027; one-fifth would go to G42, the others to US firms (www.bloomberg.com)
3 days ago Trump AI

Microsoft says it will lay off 6,000 staff in a bid to cut management layers, including at LinkedIn; Microsoft had 228K staff in June 2024 and cut 10K in 2023 (www.bloomberg.com)
3 days ago Microsoft LinkedIn

Nvidia CEO Jensen Huang says the company will send AI chips to Saudi Arabia's Humain for a 500 MW data center buildout, as President Trump visits the kingdom (www.bloomberg.com)
4 days ago Trump AI Arabia Nvidia Saudi Arabia

Intel says it certified Shell's lubricant-based method for cooling AI data center servers more efficiently after a two-year trial, in a bid to use less energy (www.bloomberg.com)
4 days ago Intel Energy AI

Audible partners with US publishers to convert print books and e-books into AI-narrated audiobooks, with 100+ AI voices in English, Spanish, French, and Italian (www.bloomberg.com)
4 days ago France Italy AI Spain

Restaurant tech startup Owner.com, which offers AI website building, marketing, and other tools raised $120M co-led by Meritech and Headline at a $1B valuation (www.bloomberg.com)
4 days ago Startup AI

Analysis: Google faces €12B+ in damage claims from dozens of EU price comparison websites that allege it stole their customers, after a €2.4B EU fine in 2017 (www.bloomberg.com)
4 days ago Google

JD.com reports Q1 revenue up 16% YoY to ~$41.8B and net income up 53% YoY to ~$1.5B, driven by Chinese government stimulus measures to boost electronics sales (www.bloomberg.com)
4 days ago China

Beijing-based Meituan says it plans to spend $1B over five years to bring its food delivery service Keeta to Brazil, after a Saudi Arabia rollout in 2024 (www.bloomberg.com)
4 days ago Arabia Brazil Saudi Arabia

Samsung announces the $1,100 Galaxy S25 Edge, which is 5.8mm thick and weighs 163g, making it 30% thinner and 25% lighter than the S25 Ultra, arriving on May 30 (www.bloomberg.com)
4 days ago Samsung

CrowdStrike CEO George Kurtz disclosed last month that he had gifted $1B+ worth of CrowdStrike stock to undisclosed recipients, cutting his voting power to 2.5% (www.bloomberg.com)
4 days ago

Sources: Apple is planning an AI-powered battery management mode for iOS 19 that analyzes how a person uses their phone and makes adjustments to conserve energy (www.bloomberg.com)
4 days ago IOS Energy AI Apple Battery

Match says it will cut 13% of its staff and reports Q1 revenue down 3% YoY to $831M, above est., and paying users down 5% to 14.2M, below est.; MTCH drops 9.6% (www.bloomberg.com)
4 days ago

Sources: SoftBank and OpenAI's $100B Stargate investment hits snags over tariffs fears; talks with dozens of lenders starting earlier in 2025 yielded no deals (www.bloomberg.com)
5 days ago

A profile of HoYoverse, the creator of Genshin Impact, which is exploring new game genres as its titles begin to cannibalize each other and revenue growth slows (www.bloomberg.com)
5 days ago

A look at “AI-native” startups, which integrate AI into their workflows and team structures, allowing them to operate with fewer employees and consolidate tasks (www.bloomberg.com)
5 days ago Startup AI

Klarna, which said in 2024 that AI was doing the work of 700 customer service agents, starts hiring remote workers after the AI approach led to “lower quality” (www.bloomberg.com)
6 days ago AI

A look at Microsoft's Threat Intelligence Center, staffed largely by ex-intelligence and military personnel, which has become a key pillar of US cyber defense (www.bloomberg.com)
7 days ago Microsoft Intelligence

A profile of OpenAI's CEO of Applications Fidji Simo, who is tasked with broadening ChatGPT amid a straining Microsoft relationship and a battle with Elon Musk (www.bloomberg.com)
7 days ago Microsoft Elon Musk

How the three largest US gig economy companies, Lyft, DoorDash, and Uber, are aggressively expanding into Europe and Turkey through acquisitions (www.bloomberg.com)
7 days ago Europe Uber

Brian Armstrong says Coinbase considered allocating 80% of its balance sheet into bitcoin but decided against the scheme as it was too risky (www.bloomberg.com)
7 days ago Bitcoin Coinbase

Tech companies warn they may pull back from US investment pledges if Congress doesn't fully reinstate the R&D tax deduction pared back in Trump's 2017 tax bill (www.bloomberg.com)
7 days ago Trump Tax

Japan's Panasonic says it will cut 10,000 jobs, including 5,000 roles overseas, and book ~$895M in restructuring charges in the current fiscal year (www.bloomberg.com)
8 days ago Japan Panasonic

Memo: the US CFPB discontinues its order designating the supervision of Google Payment, saying the Biden-era decision is an “unwarranted use” of CFPB's powers (www.bloomberg.com)
8 days ago Google

Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors (www.bloomberg.com)
8 days ago Commodity

Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office (www.bloomberg.com)
8 days ago Trump Democrat Republican Senate

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