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Articles from www.bloomberg.com
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Articles from
www.bloomberg.com
Tencent reports Q1 revenue up 6% YoY to ~$22B, above ~$21.95B est., and net profit up 62% YoY to ~$5.8B, above ~$4.8B est., boosted by new WeChat monetization
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www.bloomberg.com
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3 days ago
WeChat
Tencent
Video game publishers are facing a wave of lawsuits that accuse the industry of profiting from intentionally promoting mass addiction and causing health issues
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www.bloomberg.com
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4 days ago
Uber announces plans to acquire Delivery Hero's Foodpanda business in Taiwan for $950M in an all-cash deal, expected to close in the first half of 2025
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www.bloomberg.com
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4 days ago
Taiwan
Uber
Chinese lidar maker Hesai sues US DOD for adding it to a list of firms accused of aiding China's military, saying it only serves civilian and commercial market
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www.bloomberg.com
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4 days ago
China
Abu Dhabi's Technology Innovation Institute releases Falcon 2 11B, an open-source LLM to compete with Llama and Gemini that supports five European languages
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www.bloomberg.com
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4 days ago
Europe
The US NHTSA opens an investigation into Amazon's Zoox after two automated SUVs braked unexpectedly, both causing collisions with motorcyclists
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www.bloomberg.com
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4 days ago
Amazon
The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities”
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www.bloomberg.com
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4 days ago
The US, the EU, and other superpowers have funneled nearly $81B towards supporting chip companies, the first wave of ~$380B earmarked by global governments
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www.bloomberg.com
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4 days ago
A look at 01.AI, which is launching Wanzhi, a free generative AI assistant focused on the Chinese market; CEO Kai-Fu Lee says 01.AI is nearing profitability
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www.bloomberg.com
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5 days ago
China
AI
Sources: Apple has met with Hollywood talent representatives to propose a new performance-based compensation regime, as Amazon and Netflix work on similar plans
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www.bloomberg.com
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5 days ago
Amazon
Apple
Netflix
A look at professor-led crypto projects EigenLayer and Babylon, which seek to generate yield from cryptocurrencies, as “professor coins” spur investor interest
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www.bloomberg.com
)
5 days ago
A look at the potential successors to Apple's top executives across all of the company's major divisions
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www.bloomberg.com
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5 days ago
Apple
Maryland Apple Store union workers vote to authorize strike over Apple's alleged refusal to fairly bargain; Short Hills NJ store workers vote against unionizing
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www.bloomberg.com
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6 days ago
Apple
Southeast Asia is drawing more investment from Big Tech than ever, as the CEOs of Apple, Microsoft, and Nvidia commit billions of dollars in the region
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www.bloomberg.com
)
7 days ago
Microsoft
Asia
Apple
Nvidia
Southeast Asia
Sources: Apple is finalizing a deal with OpenAI to use ChatGPT features in iOS 18; talks with Google to license Gemini are ongoing, but no deal has been reached
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www.bloomberg.com
)
7 days ago
IOS
Google
Apple
Epic v. Apple: Apple says it received just 38 applications to use its outside payments option for the App Store, out of ~65K app devs that offer in-app payments
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www.bloomberg.com
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7 days ago
Apple
Memo: Spotify's head of podcast studios Julie McNamara is leaving the company after nearly three years, emphasizing Spotify's reduced ambitions in podcasts
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www.bloomberg.com
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7 days ago
Spotify
Filings: SoftBank's Vision Fund has seen its US portfolio shrink by ~$29B since the end of 2021 as, sources say, Masayoshi Son plans forays into AI and chips
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www.bloomberg.com
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8 days ago
AI
Employees say Oracle Health, formerly Cerner, has lost at least 12 of its major clients and product innovation has taken a backseat to upgrading legacy systems
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www.bloomberg.com
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8 days ago
Oracle
The Pentagon says it worked with Ukraine and SpaceX to successfully block Russian military use of Starlink; some Russian users complain of connectivity issues
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www.bloomberg.com
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8 days ago
Russia
Ukraine
Pentagon
SpaceX
Microsoft plans to launch its mobile game store in July on the web, first with its own games including Candy Crush Saga, and later open it to other publishers
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www.bloomberg.com
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8 days ago
Microsoft
Mobile
Sources: Apple's first server chips for its upcoming AI features will be the M2 Ultra; simpler AI tasks will be processed directly on iPhones, iPads, and Macs
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www.bloomberg.com
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8 days ago
AI
Apple
Reddit releases a new content policy, including a ban on AI data licensees from using deleted posts or comments; Reddit expects $60M+ in 2024 licensing revenue
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www.bloomberg.com
)
8 days ago
AI
Ban
Reddit
Sources: after closing several video game studios, Microsoft plans more cuts, as the massive Activision acquisition has ramped up scrutiny on the Xbox division
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www.bloomberg.com
)
8 days ago
Microsoft
Xbox
SMIC reports Q1 revenue up 4.3% YoY to $1.75B, vs. $1.69B est., and a $71.8M net income, vs. $76.8M est., as consumer sentiment remains weak in China
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www.bloomberg.com
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8 days ago
China
An interview with Sundar Pichai on playing the long game on AI, how Gemini image generation “got it wrong”, AI search, the US DOJ lawsuits, layoffs, and more
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www.bloomberg.com
)
8 days ago
Interview
AI
Layoffs
Sources: Alphabet has been progressing in talks to acquire marketing software provider HubSpot and has discussed terms; HubSpot has a $30B market cap
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www.bloomberg.com
)
8 days ago
Alphabet
Duolingo drops 10%+ after reporting DAUs up 55% YoY to 31.4M, above 31.1M est., gaining users at the slowest rate since Q3 2022, and revenue up 45% YoY to $168M
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www.bloomberg.com
)
8 days ago
Sources: Microsoft plans more cuts after closing several game studios, as the massive Activision acquisition has ramped up scrutiny on the Xbox division
(
www.bloomberg.com
)
9 days ago
Microsoft
Xbox
A look at potential successors to Tim Cook; sources say Apple's hardware engineering chief John Ternus is the most likely long-term successor
(
www.bloomberg.com
)
9 days ago
Apple
Tim Cook
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