Articles from www.bloomberg.com

Articles from www.bloomberg.com

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

Nintendo projects Switch 2 sales to reach 15M units for the fiscal year ending March 2026, below 16.8M est., and $2.2B annual operating profit, below est. (www.bloomberg.com)
2025-5-8 Nintendo

The Taiwan dollar's sharpest rally against the US dollar in nearly 40 years raises concerns about the competitiveness and earnings of Taiwanese tech companies (www.bloomberg.com)
2025-5-8 Taiwan

Latin American e-commerce and fintech giant MercadoLibre reports Q1 revenue up 37% YoY to $5.9B, $494M in net income, and Argentina revenue up 125% YoY to $1.3B (www.bloomberg.com)
2025-5-8 U.S. Fintech Latin America

Eddy Cue's disclosure of Apple's plan to shift its browser to AI systems had a clear goal of downplaying the importance of Apple's search deal with Google (www.bloomberg.com)
2025-5-8 Google AI Apple Browser

Filing: Apple seeks to pause the part of the April 30 US federal court ruling that blocked it from charging App Store commissions on outside transactions (www.bloomberg.com)
2025-5-8 Apple

US v. Google: Eddy Cue says Apple is looking at reshaping Safari to focus on AI search, and Safari searches dropped for the first time in April; GOOG drops 7.5% (www.bloomberg.com)
2025-5-8 Google AI Apple

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

Arm reports Q4 revenue up 34% YoY to $1.24B, vs. $1.23B est., royalty revenue up 18% to $607M, and forecasts Q1 revenue below est.; ARM drops 8%+ after hours (www.bloomberg.com)
2025-5-8 4Q

Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana (www.bloomberg.com)
2025-5-8 Blockchain Europe Retail

Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M (www.bloomberg.com)
2025-5-8 Trump

US v. Google: Eddy Cue testifies that Apple is “actively looking at” reshaping Safari to focus on AI search and, in a first, Safari searches dropped in April (www.bloomberg.com)
2025-5-8 Google AI Apple

Analysis: 75%+ of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun is likely to hold $18M (www.bloomberg.com)
2025-5-7 Trump

OpenAI unveils OpenAI for Countries, an initiative to help build out AI infrastructure and customize OpenAI's products for specific languages and local needs (www.bloomberg.com)
2025-5-7 AI

Uber reports Q1 revenue up 14% YoY to $11.5B, Gross Bookings up 14% YoY to $42.8B, vs. $43.1B est., trips up 18% YoY to 3B, and $1.8B net income; UBER falls ~5% (www.bloomberg.com)
2025-5-7 Uber

US credit and debit card data: Shein's US sales dropped 23% during the week of April 25 to May 1 compared to the prior seven days, while Temu's sales fell 17% (www.bloomberg.com)
2025-5-7

DoorDash plans to acquire NYC-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13K+ restaurant groups (www.bloomberg.com)
2025-5-7

AMD reports Q1 revenue up 36% YoY to $7.4B, vs. $7.12B est., Data Center revenue up 57% to $3.7B, vs. $3.66B est., and forecasts Q2 sales above estimates (www.bloomberg.com)
2025-5-7 AMD

An internal Meta report from 2019 found that minors made up 27% of the follow recommendations that Instagram surfaced to “groomers”, vs. 7% to all adults (www.bloomberg.com)
2025-5-7 Instagram

Germany- and US-based Parloa, which uses AI to automate customer service and call center operations, raised $120M at a $1B valuation, after raising $66M in 2024 (www.bloomberg.com)
2025-5-7 Germany AI

Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts (www.bloomberg.com)
2025-5-6

Wonder, which runs Grubhub and Blue Apron, raised $600M led by NEA, a source says at a $7B+ valuation, and CEO Marc Lore says it has $2B+ in revenue (www.bloomberg.com)
2025-5-6

DoorDash plans to acquire New York-based hospitality tech company SevenRooms for $1.2B in cash, set to close in H2 2025; SevenRooms works with 13,000+ clients (www.bloomberg.com)
2025-5-6 New York

Elon Musk's attorney says OpenAI's nonprofit reversal is “a transparent dodge that fails to address the core issues” and “the founding mission remains betrayed” (www.bloomberg.com)
2025-5-6 Elon Musk

The US Treasury Department sanctions the Myanmar-linked Karen National Army over helping organized crime groups operate multibillion-dollar “scam compounds” (www.bloomberg.com)
2025-5-6

Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, and is seeking assurance that changes will protect its $13.75B stake (www.bloomberg.com)
2025-5-6 Microsoft

Sources: OpenAI reaches an agreement to buy Windsurf, an AI coding tool formerly known as Codeium, for about $3B; the deal has not yet closed (www.bloomberg.com)
2025-5-6 AI

Palantir reports Q1 revenue up 39% YoY to $884M, vs. $863M est., and raises 2025 sales guidance to $3.9B on demand for AI software that's a “ravenous whirlwind” (www.bloomberg.com)
2025-5-6 AI

Sources: General Atlantic is in advanced talks to buy a minority stake in Blackstone-backed Liftoff; the deal would value the mobile app marketing firm at $4B+ (www.bloomberg.com)
2025-5-6 Mobile

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