Articles from www.bloomberg.com

Articles from www.bloomberg.com

Berlin-based Amboss, which makes study guide apps for medical students and online databases for clinicians, raised €240M, sources say at an €800M+ valuation (www.bloomberg.com)
2025-3-30 Germany

Kalshi sues Nevada's gaming regulators to keep offering event contracts to bet on sports and politics, citing federal regulation by the US CFTC (www.bloomberg.com)
2025-3-30 CFTC

FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down (www.bloomberg.com)
2025-3-29

Source: the new combined entity housing xAI and X is called XAI Holdings and is valued at more than $100B, not including debt (www.bloomberg.com)
2025-3-29 Real Estate

Source: hackers broke into Oracle's Cerner servers sometime after January 22 and stole patient data to extort US medical providers; the FBI is investigating (www.bloomberg.com)
2025-3-29 Oracle FBI

Reddit shares are down 50% from a February high, after its Q4 earnings report showed its traffic took a hit from a change in Google's search algorithm (www.bloomberg.com)
2025-3-29 Google Algorithm 4Q Reddit

Michael Novogratz's Galaxy Digital will pay $200M as part of a settlement with the New York AG over the firm's role in promoting the failed Luna cryptocurrency (www.bloomberg.com)
2025-3-29 New York Cryptocurrency

AppLovin hires a law firm to investigate short sellers' allegations that the mobile ad company's ad performance numbers are fraudulent (www.bloomberg.com)
2025-3-29 Mobile

An appeals court agrees with India's antitrust regulator that Google's app store billing policy was unfair and restrictive but cuts the fine from $110M to $25M (www.bloomberg.com)
2025-3-28 India Google

Taiwan is investigating 11 Chinese tech firms, including SMIC, which is being probed for allegedly poaching engineers to access the island's advanced chip tech (www.bloomberg.com)
2025-3-28 China Taiwan

EY: Indians collectively spent 1.1T hours on their smartphones in 2024, averaging five hours daily, with ~70% of the time on social media, gaming, and videos (www.bloomberg.com)
2025-3-28

AppLovin's stock closes down over 20% after short seller Muddy Waters released a report, the third such short report against the company in about a month (www.bloomberg.com)
2025-3-28

Ubisoft carves out a unit, which includes Assassin's Creed, into a ~€4B subsidiary; Tencent will invest €1.16B to acquire a 25% stake in the new entity (www.bloomberg.com)
2025-3-28 Tencent

Source: CoreWeave plans to cut the size of its IPO to ~$1.5B, offering 37.5M shares at $40 each, down from 49M shares at $47 to $55, a sign of market volatility (www.bloomberg.com)
2025-3-28 IPO

Meta VP of Asia Pacific Dan Neary is leaving for personal reasons; the Singapore-based executive joined in 2013, and Meta now has ~1.1B users in the region (www.bloomberg.com)
2025-3-27 Asia Singapore

An EU confidential decision, now public, shows the EU pressed Meta to create a separate version of Facebook Marketplace or let users access rival services (www.bloomberg.com)
2025-3-27 Facebook

JPMorgan researchers say they have generated and certified truly random numbers using a quantum computer, a world-first with potential security and trading uses (www.bloomberg.com)
2025-3-27 JPMorgan Quantum

The Trump administration cut $20M in funding from the Bureau of Industry and Security, which oversees chip export controls, representing ~10% of BIS's budget (www.bloomberg.com)
2025-3-27 Trump Budget

Robinhood plans to roll out checking and savings accounts in 2025 for its paying Gold subscribers, aiming to provide more of a private banking-like experience (www.bloomberg.com)
2025-3-27

Sources: Apple is promoting Vanessa Trigub to VP of stores and retail operations globally, as it streamlines management of its retail arm under Deirdre O'Brien (www.bloomberg.com)
2025-3-27 Retail Apple

eMarketer expects X to generate $1.31B in US ad sales in 2025, up 17.5%, and $2.26B in global ad sales, up 16.5%, its first year of ad revenue growth since 2022 (www.bloomberg.com)
2025-3-27

TD Cowen: Microsoft walked away from new data center projects in the US and Europe that had been set to consume 2 gigawatts, a sign of AI computing oversupply (www.bloomberg.com)
2025-3-27 Europe Microsoft AI

eMarketer expects X to generate $1.31B in US ad sales in 2025, up 17.5%, and $2.26B in global ad sales, up 16.5%, the first year of ad revenue growth since 2022 (www.bloomberg.com)
2025-3-27

Chinese AI startup SenseTime reports FY 2024 revenue up 11% YoY to ~$524M, below ~$620M est., and a ~$592M net loss, above ~$551M est., as the AI race heats up (www.bloomberg.com)
2025-3-27 China Startup AI

Bain Capital agrees to acquire a majority stake in Italian IT company Namirial from private equity firm Ambienta, sources say valuing Namirial at €1.1B (www.bloomberg.com)
2025-3-26 Italy Equity

State and former US officials say satellite internet like Starlink's may cut upfront costs for the $42B rural broadband program but could cost more long term (www.bloomberg.com)
2025-3-26

BMW partners with Alibaba to use Qwen-powered AI cockpit tech from Alibaba-backed Banma in its upcoming car models for the Chinese market, rolling out next year (www.bloomberg.com)
2025-3-26 China Alibaba AI

Sources: Qualcomm has complained to antitrust regulators in the EU, US, and South Korea that Arm is hurting competition by restricting access to its technology (www.bloomberg.com)
2025-3-26 Korea

Trump's World Liberty Financial unveils USD1, a 1:1 USD-pegged stablecoin on Ethereum and Binance Smart Chain, with BitGo as custodian; its launch date is TBA (www.bloomberg.com)
2025-3-26 Trump Ethereum

Since DeepSeek-R1's debut, Chinese companies like Baidu, DeepSeek, Tencent, Ant, and Alibaba have been flooding the market with low cost AI services and models (www.bloomberg.com)
2025-3-26 China Alibaba AI Tencent

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