Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Alibaba Chairman Joe Tsai warns of a bubble in data center construction, saying the buildout may outpace early AI demand and is starting to look indiscriminate (www.bloomberg.com)
2025-3-25 Alibaba AI

Sources: companies like Nvidia and many governments are trying to persuade Trump's team to loosen incoming AI chip export rules, known as the AI diffusion rule (www.bloomberg.com)
2025-3-25 Trump AI Nvidia

Internal TikTok memo: Blake Chandlee, who oversaw TikTok's ad sales globally, is moving to an advisory role; TikTok faces an April 5 deadline for a US sale (www.bloomberg.com)
2025-3-25

A profile of veteran Googler Liz Reid, who became Head of Search in March 2024 and rolled out major updates like AI Overviews, as Google competes with ChatGPT (www.bloomberg.com)
2025-3-25 Google AI

Alibaba Chairman Joe Tsai warns of a data center bubble, saying the buildout may outpace early AI demand and is starting to look indiscriminate (www.bloomberg.com)
2025-3-25 Alibaba AI

eToro files for an IPO, with plans to list on the Nasdaq, and reports 2024 revenue of $12.6B, about 96% of which was from cryptoassets, and net income of $192M (www.bloomberg.com)
2025-3-25 IPO

OpenAI expands COO Brad Lightcap's responsibilities, including over global expansion and corporate partnerships; Sam Altman will focus on research and product (www.bloomberg.com)
2025-3-25

CB Insights: Q1 2025 had 11 startup sales worth $1B+ or more, totaling a record $54.5B, up from two acquisitions worth $1B+ in Q1 2024, totaling $3.2B (www.bloomberg.com)
2025-3-24 Startup

SAP's stock rose ~1.6% to give it a ~€314B market cap, passing Danish weight-loss drug maker Novo as Europe's most valuable public company; SAP is up 42% YTD (www.bloomberg.com)
2025-3-24 Europe

Source: South Korean chip startup FuriosaAI rejected an $800M takeover offer from Meta, opting to grow independently instead (www.bloomberg.com)
2025-3-24 Korea Startup

23andMe files for Chapter 11 bankruptcy to “maximize the value of its business”; co-founder Anne Wojcicki steps down as CEO (www.bloomberg.com)
2025-3-24

Retail investors often bear the brunt of losses in the Solana blockchain's memecoin market, which is plagued by insider trading, rug pulls, and “sniping” (www.bloomberg.com)
2025-3-24 Blockchain Retail

Research shows a surge in the popularity of deepfake porn services, with the 10 most popular “nudifying” websites receiving 18M views in January 2025 alone (www.bloomberg.com)
2025-3-24

Sources: Apple plans to build its own AI models for Visual Intelligence and add cameras to the Watch; the redesigned plastic Apple Watch SE faces serious issues (www.bloomberg.com)
2025-3-24 AI Apple Intelligence

After leadership changes and an internal studio closure, Netflix aims to refine its gaming strategy, focusing on smaller-scale games rather than big-budget ones (www.bloomberg.com)
2025-3-23 Netflix Budget

As Spotify pushes its new video monetization program, sexually explicit videos have appeared on its top podcast charts, violating the company's terms of use (www.bloomberg.com)
2025-3-23 Spotify

A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX (www.bloomberg.com)
2025-3-22 Startup SpaceX XRP

The crypto-lending industry, nearly wiped out in the last bear market, is staging a comeback as Cantor Fitzgerald launches a $2B Bitcoin financing business (www.bloomberg.com)
2025-3-22 Bitcoin

Coinbase and others eye India comeback as regulators tease pivot; Electric Capital: India had 12% of crypto devs in 2024, only behind the US, up from 4% in 2018 (www.bloomberg.com)
2025-3-22 India Coinbase

A profile of StubHub CEO Eric Baker, who, according to the company's S-1, holds 5.2% of Class A shares but controls over 90% of the votes through Class B shares (www.bloomberg.com)
2025-3-22

Sources: the UK weighs reducing or abolishing its 2% digital services tax on UK revenue of Big Tech companies by April 2 in an effort to avoid some US tariffs (www.bloomberg.com)
2025-3-22 Tax

Sources: Coinbase is in advanced talks to buy Deribit, the largest bitcoin and ether options trading platform, which was reportedly valued at $4B-$5B in January (www.bloomberg.com)
2025-3-22 Bitcoin Coinbase

A book excerpt from AI Valley details the 2024 mass defection of staff at Inflection AI, which seemed to be thriving but faced scaling challenges, to Microsoft (www.bloomberg.com)
2025-3-21 Microsoft AI

European Central Bank Chief Economist Philip Lane says Europe needs a digital euro to avoid rising stablecoin risks and reduce reliance on US payment firms (www.bloomberg.com)
2025-3-21 Europe

A look at Chinese AI startup Manycore, which develops spatial design software, has filed for a Hong Kong IPO, and reported a $58.3M loss from Q1 to Q3 2024 (www.bloomberg.com)
2025-3-21 China Hong Kong IPO Startup AI

Argentina-based neobank Ualá raised an additional $66M for its Series E, after an initial raise of $300M led by Allianz X at a $2.75B valuation in November 2024 (www.bloomberg.com)
2025-3-21

Source: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz (www.bloomberg.com)
2025-3-21 Alphabet

Source: Perplexity has discussed raising as much as $500M to $1B in a new round that would double its valuation to $18B; its current ARR is nearly $100M (www.bloomberg.com)
2025-3-21

Sources: Tim Cook lost faith in Apple AI head John Giannandrea to execute on product development and drafted in Vision Pro creator Mike Rockwell to oversee Siri (www.bloomberg.com)
2025-3-21 AI Apple Tim Cook

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