Articles from www.bloomberg.com

Articles from www.bloomberg.com

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)
2025-5-13 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)
2025-5-13 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)
2025-5-13 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)
2025-5-13 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)
2025-5-13 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)
2025-5-13 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)
2025-5-13

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)
2025-5-13 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)
2025-5-13

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)
2025-5-12

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)
2025-5-12

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)
2025-5-12 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)
2025-5-11 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)
2025-5-10 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)
2025-5-10 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)
2025-5-10 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)
2025-5-10 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)
2025-5-10 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)
2025-5-9 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)
2025-5-9 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)
2025-5-9 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)
2025-5-9 Trump Democrat Republican Senate

Sources: Apple aims to begin mass production of a chip for its smart glasses, with greater power efficiency and multi-camera control, by end of 2026 or in 2027 (www.bloomberg.com)
2025-5-9 Apple

Memo: Meta CPO Chris Cox says Robert Fergus will lead its Facebook AI Research lab, succeeding Joelle Pineau; Fergus and Yann LeCun co-founded FAIR in 2014 (www.bloomberg.com)
2025-5-9 Facebook AI

Match says it will cut 13% of its staff, impacting ~325 jobs, per a 2024 filing, and reports Q1 revenue down 3% YoY to $831M, above est., and 14.2M paying users (www.bloomberg.com)
2025-5-8

Shopify reports Q1 revenue up 27% YoY to $2.36B, narrowly above $2.34B est., and GMV up 22% YoY to $74.6B, as tariffs weigh on its growth; SHOP drops 8%+ (www.bloomberg.com)
2025-5-8 Shopify

The Greater Memphis Chamber says xAI is using Tesla's 150MW Megapack batteries to shore up its Colossus supercomputer; xAI spent ~$230M on them in 2024 and 2025 (www.bloomberg.com)
2025-5-8 Tesla

Analysis: ~66% of US data center projects built or in development since 2022 are in areas with high water stress, with five states having 72% of new facilities (www.bloomberg.com)
2025-5-8

Source: Fidji Simo will oversee several OpenAI executives who previously reported to Altman, including COO Brad Lightcap, CFO Sarah Friar, and CPO Kevin Weil (www.bloomberg.com)
2025-5-8

The US Commerce Department says it will rescind the Biden-era “AI diffusion rule” that limits exports of AI chips, which was set to take effect on May 15 (www.bloomberg.com)
2025-5-8 AI

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