Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: ByteDance expects 2025 revenue to grow 20% YoY to $186B vs. 29% growth in 2024, driven by TikTok's global expansion; ByteDance has 4B MAUs across apps (www.bloomberg.com)
2025-5-16

Sources: President Trump's Middle East AI deals open rifts with China hawks in his administration over concerns AI chips shipped to the Gulf end up in China (www.bloomberg.com)
2025-5-16 Trump China AI

Sony's Haven Studios head Jade Raymond leaves the company she founded in 2021; sources say some developers worried over its first game's reception and progress (www.bloomberg.com)
2025-5-16 Sony

Shanghai-based Synyi AI launches a trial program in Saudi Arabia to let patients see an AI doctor for diagnoses and prescriptions, which a human doctor reviews (www.bloomberg.com)
2025-5-16 AI Arabia Saudi Arabia Shanghai

Sources: DOJ is conducting a criminal antitrust probe into whether Live Nation and AEG illegally colluded on concert refunds at the start of the COVID pandemic (www.bloomberg.com)
2025-5-16

Take-Two reports Q4 net bookings up 17% YoY to $1.58B, vs. $1.55B est., net revenue up 13% YoY to $1.58B, and forecasts FY 2026 net bookings below expectations (www.bloomberg.com)
2025-5-16 4Q

Source: hackers bribed enough Coinbase customer service representatives to achieve effectively on-demand access to Coinbase customer information since January (www.bloomberg.com)
2025-5-16 Coinbase

Filing: CoreWeave secures a deal worth ~$4B to provide cloud computing capacity to OpenAI through 2029, in addition to a $12B deal announced before its IPO (www.bloomberg.com)
2025-5-16 IPO

Analysis: Shein cut the average cost of 98 tracked products in the US by ~13% to $5.56 from a peak of $6.38 on May 7, and sent a price drop alert to US users (www.bloomberg.com)
2025-5-15

Documents: Microsoft's recent layoffs of 6,000 workers hit software engineers in Washington state hardest, making up 40%+ of the ~2,000 positions cut there (www.bloomberg.com)
2025-5-15 Microsoft Layoffs

Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 200%+ to ~$1.7B due to equity investment gains; BABA drops 5%+ (www.bloomberg.com)
2025-5-15 Alibaba Equity

President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production (www.bloomberg.com)
2025-5-15 Trump India Apple Tim Cook

Sources: Spark Capital saw a gain of about $530M this week when eToro went public; Spark was eToro's largest shareholder with a 13% stake and had invested $19M (www.bloomberg.com)
2025-5-15

Meta promotes Benjamin Joe, its longtime VP for Southeast Asia, to VP of Asia Pacific and expands India VP Sandhya Devanathan's role to include Southeast Asia (www.bloomberg.com)
2025-5-15 India Asia Southeast Asia

Uber and delivery service iFood partner to integrate their services into each others' apps in Brazil; Uber ended its Uber Eats service in Brazil in March 2022 (www.bloomberg.com)
2025-5-15 Uber Brazil

Sources: Apple is developing a Vision Pro feature that lets users scroll content with their eyes, as part of visionOS 3 (www.bloomberg.com)
2025-5-15 Apple

Uber debuts Route Share, a pooled rides option that is similar to a bus and up to 50% cheaper than UberX, available during commuting hours in SF, NYC, and more (www.bloomberg.com)
2025-5-15 Uber

Sony reports Q4 revenue down 24% YoY to ~$17.7B, PlayStation 5 units sold in FY 24 down 11% YoY to 18.5M, and expects a ~$700M impact from US tariffs in FY 25 (www.bloomberg.com)
2025-5-14 4Q Sony

Sources: Guangzhou-based autonomous driving company Pony AI confidentially filed for a Hong Kong IPO; Pony AI raised ~$413M in a US IPO in November 2024 (www.bloomberg.com)
2025-5-14 Hong Kong IPO AI

French IT group Atos says it will simplify its organization, cut expenses, and focus on AI, aiming to reach €9B to €10B in 2028 sales, after years of setbacks (www.bloomberg.com)
2025-5-14 France AI

How Finland's district heating systems are harvesting heat from data centers; Microsoft's project near Helsinki will be the largest of its kind when completed (www.bloomberg.com)
2025-5-14 Microsoft Finland

Sony reports Q4 revenue down 24% YoY to $17.7B, 18.5M PlayStation 5 units sold in FY 24, down from 20.8M in FY 23, and expects a $700M US tariff impact in FY 25 (www.bloomberg.com)
2025-5-14 4Q Sony

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)
2025-5-14 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)
2025-5-14 Asset

Former employees, analysts, VCs, and executives detail how DeepSeek works and how it fits into China's broader AI ambitions (www.bloomberg.com)
2025-5-14 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)
2025-5-14 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)
2025-5-14 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)
2025-5-14 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)
2025-5-14 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)
2025-5-14 Intel Energy AI

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