Articles from www.bloomberg.com

Articles from www.bloomberg.com

NextEra's $67B deal to buy Dominion, the largest utility merger in US history, signals a new era of utility consolidation to accommodate AI-driven power demand (www.bloomberg.com)
2 days ago AI

Internal chats: in March, xAI offered employees $420 in exchange for completed tax filings as training data for Grok, but the bonuses haven't been paid out (www.bloomberg.com)
2 days ago Tax

Iranian media: Iran launches “Hormuz Safe”, a Bitcoin-backed insurance service for shipping companies transiting the Strait of Hormuz; ~1,500 ships are trapped (www.bloomberg.com)
3 days ago Bitcoin Iran Insurance

The Vatican says Anthropic co-founder Christopher Olah will join Pope Leo on May 25 to launch the pope's first encyclical, setting out his views on the AI age (www.bloomberg.com)
3 days ago AI

Sources: internal competition among Google staff and researchers for TPUs intensified as it prioritizes cloud customers and flagship AI products over research (www.bloomberg.com)
3 days ago Google AI

How gambling companies like FanDuel and DraftKings, as well as Meta and a16z's founders, are pouring millions into state-level election campaigns via super PACs (www.bloomberg.com)
3 days ago

Polymarket and Kalshi continue to operate in India despite a government advisory on April 25, directed at VPN providers, labeling prediction markets “illegal” (www.bloomberg.com)
3 days ago India VPN

Samsung's shares jumped as much as 6.7% after the company resumed talks with its union and a court partially granted an injunction against illegal union actions (www.bloomberg.com)
3 days ago Samsung

Sources: Apple's revamped Siri may launch in beta, and will have an option to auto-delete chats; Apple plans to add Suggested Genmoji to iOS 27 and iPadOS 27 (www.bloomberg.com)
3 days ago IOS Apple

Vietnam's government, which once saw video games as a social risk, named gaming as one of its key cultural industries in 2025 and now promotes them at expos (www.bloomberg.com)
4 days ago Vietnam

ASML will partner with Tata Electronics to help it bring an $11B 300mm chip factory online in Gujarat, expanding India's ability to produce chips domestically (www.bloomberg.com)
4 days ago India

US Bureau of Labor Statistics data: employment in 18 AI-exposed occupations fell 0.2% between May 2024 and May 2025, while the broader US labor market rose 0.8% (www.bloomberg.com)
5 days ago AI

Power prices on the largest electric grid in the US, operated by PJM, jumped 76% YoY to an average of $136.53/MWh in Q1 due to rampant demand from data centers (www.bloomberg.com)
5 days ago

Filings: YouTube and Snap reached agreements to settle a lawsuit headed to trial in June over claims addiction to social media has disrupted students' learning (www.bloomberg.com)
5 days ago YouTube

Sources: the US FTC is investigating whether Arm is trying to illegally monopolize parts of the semiconductor market (www.bloomberg.com)
5 days ago

Source: Kraken cut ~150 staff after AI tools improved efficiency and its IPO may be delayed until late 2026 or early 2027 due to a drop in digital-asset prices (www.bloomberg.com)
5 days ago IPO AI Asset

xAI launches Grok Build, an agentic CLI for coding, building apps, and automating workflows, in beta for SuperGrok Heavy subscribers (www.bloomberg.com)
6 days ago

Sources: HSG, formerly Sequoia China, has set up a $3B continuation fund anchored by its ByteDance stake, offering entry into the company valued at $370B (www.bloomberg.com)
6 days ago China

Kioxia reports record Q4 earnings of ~$3.8B, forecasts Q1 operating profit of ~$8.2B, and says it is planning a US listing; Kioxia shares are up 300% YTD (www.bloomberg.com)
6 days ago 4Q

Bill Ackman says his fund has taken a new stake in Microsoft after the company's recent share price decline; Ackman says investors have underestimated Microsoft (www.bloomberg.com)
6 days ago Microsoft

A profile of Amazon CEO Andy Jassy, who is killing projects, cutting staff, and pleasing Wall Street, while steering the company toward an AI-focused era (www.bloomberg.com)
6 days ago Amazon AI Wall Street

Alphabet sold $3.6B of bonds in its debut yen-denominated bond sale, the largest by a non-Japanese company, as AI-driven capital spending accelerates (www.bloomberg.com)
6 days ago Japan AI Alphabet

California Gov. Gavin Newsom proposes a new 7.25% tax on web-based software sales, targeting $1.1B in state and local tax revenue in the upcoming budget year (www.bloomberg.com)
6 days ago Tax Budget California

Cerebras shares closed up 68% at $311.07 in the company's Nasdaq debut after it raised $5.5B in the year's largest IPO, giving it a market value of $67B (www.bloomberg.com)
6 days ago IPO

Sources: Joshua Kushner's Thrive Capital told its stakeholders that it has invested ~$100M in Shopify, framed as a bet on how AI could lead to gains in commerce (www.bloomberg.com)
6 days ago AI Shopify

The Senate Banking Committee advances the Clarity Act, which would make CFTC the primary regulator for most digital assets while SEC oversees digital securities (www.bloomberg.com)
6 days ago Asset Senate CFTC

A look at GameStop's takeover bid for eBay, a bizarre job application by GameStop CEO Ryan Cohen, who does not have the money to buy eBay, to become eBay's CEO (www.bloomberg.com)
6 days ago eBay

Sources: OpenAI is weighing legal action against Apple after expectations that ChatGPT's Siri integration would generate billions in revenue fell short (www.bloomberg.com)
6 days ago Apple

Meta President Dina Powell McCormick is traveling with President Trump on his China trip and met King Charles III, indicating she is Meta's new global emissary (www.bloomberg.com)
7 days ago Trump China

Blackstone Digital Infrastructure Trust raised $1.75B in its US IPO, selling 87.5M shares at $20 each, and plans to acquire data centers worth $250M to $1.5B (www.bloomberg.com)
7 days ago IPO

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