Articles from www.bloomberg.com

Articles from www.bloomberg.com

EA says it laid off staff and canceled “two early-stage incubation projects”; sources say EA cut 300 to 400 roles and its Respawn unit canceled a Titanfall game (www.bloomberg.com)
2025-4-30

Xiaomi unveils open-source AI reasoning model MiMo, joining other Chinese tech leaders hoping to make a splash in the burgeoning AI field endorsed by Beijing (www.bloomberg.com)
2025-4-30 China AI Xiaomi

Beauhurst: UK equity crowdfunding, once one of fintech's hottest trends, fell 58% from its 2021 peak to £335M in 2024, and dropped ~60% YoY in Q1 2025 to £42.6M (www.bloomberg.com)
2025-4-30 Fintech Equity Crowdfunding

TSMC has begun building a third fab in Arizona, announcing the third phase of its US expansion the same day Commerce Secretary Howard Lutnick toured TSMC's site (www.bloomberg.com)
2025-4-30

Sources: Apple shuffles its global affairs division, including management of teams for Europe, India, and China, and changes Apple Music's leadership structure (www.bloomberg.com)
2025-4-30 China Europe India Apple

Chipmaking equipment manufacturer ASM says orders in Q1 rose 14% YoY to €834M, vs. €808M est., but notes demand in non-AI-related segments was “sluggish” (www.bloomberg.com)
2025-4-30 AI

The UK government publishes draft legislation on cryptoassets, set to be finalized later in 2025, and says it will work with US officials on crypto regulation (www.bloomberg.com)
2025-4-30

Spotify reports Q1 revenue up 15% YoY to €4.2B, operating income of €509M, below its €548M forecast, Q2 MAUs forecast below analysts' estimates; SPOT drops 8%+ (www.bloomberg.com)
2025-4-30 Spotify

PayPal reports Q1 net revenue up 1% YoY to $7.8B, transaction margin dollars up 7% to $3.7B, above est., TPV up 3% to $417.2B, and active accounts up 2% to 436M (www.bloomberg.com)
2025-4-29

Washington state lawmakers pass new taxes amid a record budget deficit, targeting Amazon, Microsoft, and others to raise $9B+; Gov. Bob Ferguson can now sign (www.bloomberg.com)
2025-4-29 Amazon Microsoft Tax Budget

IBM says it plans to invest $150B in the US over the next five years to fuel the economy and to “accelerate its role as the global leader in computing” (www.bloomberg.com)
2025-4-28 IBM

German defense startup ARX Robotics, which makes self-driving, modular battlefield robots, raised €31M led by HV Capital and plans to build a plant in England (www.bloomberg.com)
2025-4-28 Germany Startup Robot

Huawei's recovery shows the limits of US policies aimed at restricting China, and how those policies can backfire, spurring Chinese firms to innovate and grow (www.bloomberg.com)
2025-4-28 China

While Apple's iPhone manufacturing in India matches China in quality, making the extraordinarily complex 20th anniversary iPhones outside China remains doubtful (www.bloomberg.com)
2025-4-28 China India iPhone Apple Manufacturing

A look at the rise of “pure play” bitcoin companies like Twenty One, as the stock market pays far more for crypto exposure than the crypto market itself (www.bloomberg.com)
2025-4-27 Bitcoin

Bitcoin miners' earnings power and stocks have diverged from the asset they help produce, as the hashrate languishes amid technical and macroeconomic headwinds (www.bloomberg.com)
2025-4-27 Bitcoin Asset

At a major Hong Kong electronics exhibition, some Chinese companies say they are exploring ways to lower or skirt tariffs while others plan to wait them out (www.bloomberg.com)
2025-4-27 China Hong Kong

US v. Google: Chrome General Manager Parisa Tabriz testified that only Google can run Chrome, given the browser's “interdependencies” on other parts of Google (www.bloomberg.com)
2025-4-27 Google Browser Chrome

A profile of Saudi billionaire investor Prince Alwaleed, who, along with his investment firm Kingdom Holding, is the second-biggest shareholder in XAI Holdings (www.bloomberg.com)
2025-4-26

NetEase has lost at least three senior executives in recent months, as CEO William Ding pulls back on investments and cuts jobs in a bid to boost profits (www.bloomberg.com)
2025-4-26

A US DOJ official says Tyler Buchanan, a 23-year-old from Scotland, and an alleged Scattered Spider cybercrime group member, was extradited from Spain to the US (www.bloomberg.com)
2025-4-26 Spain

Sources: XAI Holdings, the newly combined entity housing xAI and X, is in talks to raise roughly $20B, or possibly more, valuing the company at more than $120B (www.bloomberg.com)
2025-4-26 Real Estate

Sources: Microsoft plans to increase the use of third-party firms for selling software to SMBs; in-house sellers will get more training and focus on AI products (www.bloomberg.com)
2025-4-26 Microsoft AI

Sources: Chinese AI startup Manus raised $75M led by Benchmark at a $500M valuation, and plans to expand to markets including the US, Japan, and the Middle East (www.bloomberg.com)
2025-4-26 China Japan Startup AI

The US SEC Chairman says the agency has ample authority to oversee digital assets as Congress debates if SEC or the CFTC should be the primary crypto regulator (www.bloomberg.com)
2025-4-26 Asset CFTC

US v. Google: a Yahoo executive estimates that a bid for Chrome would cost tens of billions of dollars, and says Yahoo “would be able to pursue it with Apollo” (www.bloomberg.com)
2025-4-26 Google Chrome Yahoo

Baidu rolls out Ernie 4.5 Turbo and X1 Turbo, new versions of its flagship foundation and reasoning models, as it looks to take on Alibaba's Qwen and DeepSeek (www.bloomberg.com)
2025-4-26 Alibaba

Sources: the US is conducting a criminal antitrust probe into TP-Link's pricing strategies and whether the router maker represents a national security threat (www.bloomberg.com)
2025-4-26

Source: Alphabet's Q1 profit was boosted by $8B in unrealized gains from an investment in SpaceX; Alphabet has been a major SpaceX investor since at least 2015 (www.bloomberg.com)
2025-4-26 Alphabet SpaceX

JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value (www.bloomberg.com)
2025-4-26

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