Articles from www.bloomberg.com

Articles from www.bloomberg.com

Temu-owner PDD reports Q4 revenue up 24% YoY to ~$15.3B, below est., and net income up 18% YoY to ~$3.8B, after intensifying domestic competition and US tariffs (www.bloomberg.com)
2025-3-20 4Q

How Nvidia, SK Hynix, TSMC, and ASML, with a combined $4T+ market cap, dominate the AI supply chain, each having an 80% to 100% market share in their fields (www.bloomberg.com)
2025-3-20 AI Nvidia

Huawei unveils the 6.3" Pura X, which folds to a square clamshell with a 3.5" display, its first flagship running HarmonyOS 5, launching in China for ~$1,036 (www.bloomberg.com)
2025-3-20 China

US schools spending billions on laptops, an idea supported by technologists and computer makers, has led to students' worsening social skills and test scores (www.bloomberg.com)
2025-3-20

A profile of Skydio, the US' largest drone maker, after its first batch of drones proved disappointing in Ukraine and it competes with Chinese makers like DJI (www.bloomberg.com)
2025-3-20 China Drone Ukraine

Bakkt names ex-SoftBank rainmaker Akshay Naheta as co-CEO to help turn around the struggling US crypto trading and custody platform; BKKT is down 62%+ in 2025 (www.bloomberg.com)
2025-3-20

Crypto-friendly stablecoin legislation is poised to pass the US Senate with support from some pro-crypto Democratic Senators, including Kirsten Gillibrand (www.bloomberg.com)
2025-3-20 Senate

Early-stage VC Long Journey Ventures, co-led by Cyan Banister, Arielle Zuckerberg, and Lee Jacobs, debuts with a ~$181.818M fund after five years in stealth (www.bloomberg.com)
2025-3-20 Zuckerberg

SoftBank agrees to acquire Ampere Computing for $6.5B in cash, with Oracle and Carlyle selling their stakes as part of the deal, expected to close in H2 2025 (www.bloomberg.com)
2025-3-20 Oracle

Sources: X has raised close to $1B in new equity in a deal that values the company at roughly $32B; Musk also participated in the raise (www.bloomberg.com)
2025-3-20 Equity

Trump's 20% tariffs on China, and a potential 25% tariffs on Mexico, the US' two biggest computer equipment import sources, may pile costs on US data centers (www.bloomberg.com)
2025-3-20 Trump China Mexico

How Trump closing CBP One, an app launched in 2020 to let immigrants schedule CBP asylum appointments, is a gift to Mexican cartels' smuggling operations (www.bloomberg.com)
2025-3-19 Trump Mexico Immigration

US sanctions, export controls, and tariff threats are driving TSMC's Taiwan peers, including Foxconn, server maker Wiwynn, and Quanta, to expand US production (www.bloomberg.com)
2025-3-19 Taiwan

Community Notes, on X and now rolling out on Meta's services, fall short of stopping misinformation; removing rewards for posting misinformation would help more (www.bloomberg.com)
2025-3-19

Sources: Sequoia's ~10% stake in Wiz would net the firm ~$3B from Wiz's sale to Alphabet, a 25-fold return; Greenoaks would secure ~$2B on its ~$300M investment (www.bloomberg.com)
2025-3-19 Alphabet

Crusoe: Stargate's first data center complex, in Abilene, TX, will finish in mid-2026 and have eight buildings, each designed for up to 50K Nvidia GB200 chips (www.bloomberg.com)
2025-3-19 Nvidia

Source: Elon Musk invested $150M to acquire more X shares in 2024 at a valuation close to his 2022 purchase price and “expressed willingness” to buy more shares (www.bloomberg.com)
2025-3-19 Elon Musk

Sources: Oracle is weighing a TikTok proposal that would have it provide security assurances and take a small stake while leaving the algorithm in Chinese hands (www.bloomberg.com)
2025-3-19 China Oracle Algorithm

Google says Wiz will join Google Cloud and Wiz's products will continue to work “across all major clouds”, including AWS, Microsoft Azure, and Oracle Cloud (www.bloomberg.com)
2025-3-19 Google Microsoft Oracle

Tencent releases five AI tools to turn text or images into 3D visuals and graphics, based on Hunyuan3D-2.0, and plans to integrate DeepSeek's R1 into WeChat (www.bloomberg.com)
2025-3-18 AI WeChat Tencent

Chicago-based Nerdio, which helps manage remote workers, raised $500M led by General Atlantic at a $1.2B valuation, sources say up from $300M in December 2022 (www.bloomberg.com)
2025-3-18

Sources: Cognition, maker of AI coding assistant Devin, raised hundreds of millions led by 8VC at a ~$4B valuation, doubling its $2B valuation from April 2024 (www.bloomberg.com)
2025-3-18 AI

Amazon devices chief Panos Panay aims to unveil the first products he has overseen in the fall, talks of new premium devices, hints at wearables like AR glasses (www.bloomberg.com)
2025-3-18 Amazon AR

Bumble rolls out new ID verification in the US, the UK, Australia, France, India, and six other markets, as founder Whitney Wolfe Herd returns as its CEO (www.bloomberg.com)
2025-3-18 France Australia India

Robinhood partners with Kalshi to launch a prediction markets hub in the US for retail traders, starting with bets on the federal funds rate and March Madness (www.bloomberg.com)
2025-3-18 Retail

Sources: Turkey plans new EU-style rules to rein in major US tech companies, in a bill created by the ruling party and antitrust authority, risking a US clash (www.bloomberg.com)
2025-3-17

An interview with Snap CEO Evan Spiegel on Snap's fifth-generation smart glasses, unveiled in September 2024, competing with Apple and Meta, Snap OS, and more (www.bloomberg.com)
2025-3-17 Interview Apple

Crypto exchange OKX says it has “temporarily” suspended its DEX aggregator services, used to launder the $1.5B Bybit hack, after reported EU scrutiny under MiCA (www.bloomberg.com)
2025-3-17

South Korea's Trade Ministry reports chip sales to China fell 31.8% YoY in February, after a 22.5% drop in January, amid tariffs, US controls, and weak demand (www.bloomberg.com)
2025-3-17 China Korea

A look at the growing battle over how to define a podcast, as YouTube pushes deeper into podcasting and Spotify pursues video (www.bloomberg.com)
2025-3-17 YouTube Spotify

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