Articles from www.bloomberg.com

Articles from www.bloomberg.com

How AI, which makes intelligence ubiquitous and practically free, could upend the economy, which is built on the idea that expertise is scarce and expensive (www.bloomberg.com)
2025-3-2 AI Intelligence

Documents and interviews detail how Connor Moucka, John Binns, and Cameron Wagenius, the trio accused of hacking AT&T and other Snowflake customers, met online (www.bloomberg.com)
2025-3-2 AT&T

DeepSeek says its V3 and R1 models' cost of inferencing relative to sales during a 24-hour-period on February 28 put “theoretical” profit margins at 545% (www.bloomberg.com)
2025-3-2

US bitcoin ETFs saw ~$3.3B in net outflow in Feb., the biggest monthly exodus since they debuted; BTC fell ~17% in Feb., its worst monthly drop since June 2022 (www.bloomberg.com)
2025-3-1 Bitcoin ETF

The US SEC dismissed or paused at least eight cases against crypto firms in the past month, as the agency sees immediate changes under Acting Chair Mark Uyeda (www.bloomberg.com)
2025-3-1

Teleperformance, the world's largest call center operator, rolls out AI tech by startup Sanas to soften English-speaking Indian workers' accents in real time (www.bloomberg.com)
2025-3-1 India Startup AI

Socure, a digital identity verification company, says bad actors are increasingly using social media selfies and generative AI to create more realistic fake ids (www.bloomberg.com)
2025-3-1 AI

Crypto reserve bills have failed in Montana, N. Dakota, S. Dakota, and Wyoming over the last month; Bitcoin Laws: such bills have been introduced in 24 states (www.bloomberg.com)
2025-3-1 Bitcoin

Grubhub CEO Howard Migdal says the company is laying off about 500 employees, or ~23% of its workforce, following its takeover by Wonder in November 2024 (www.bloomberg.com)
2025-3-1

A US court finds that Byju's and founder Byju Raveendran's brother violated a fiduciary duty to lenders by fraudulently hiding $533M from them (www.bloomberg.com)
2025-3-1

Experts say stopping North Korean thefts will require higher security spending by crypto exchanges, more stringent rules, and better government cooperation (www.bloomberg.com)
2025-3-1 Korea

Thailand says TikTok plans to spend $8.8B to build AI data centers across the country over the next five years, more than doubling its earlier target (www.bloomberg.com)
2025-2-28 Thailand AI

Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value (www.bloomberg.com)
2025-2-28

Documents: Tesla applied late last year for a transportation permit in California that suggests it's working to launch a ride-hailing business in the near term (www.bloomberg.com)
2025-2-28 Tesla California

HP reports Q1 revenue up 2.4% YoY to $13.5B vs. $13.4B est., Personal Systems revenue up 5%, commercial personal systems up 10%, Q2 earnings forecast below est. (www.bloomberg.com)
2025-2-28

Amazon CEO Andy Jassy says a proposed Biden-era rule to curb the export of AI chips to nations like Israel and the UAE could have unintended consequences (www.bloomberg.com)
2025-2-28 Israel Amazon AI

Sources: Apollo Global is in talks to lead a ~$35B financing package for Meta to help develop US data centers; Meta outlined plans to invest $65B on AI in 2025 (www.bloomberg.com)
2025-2-28 AI

Microsoft identifies hackers in the US, Iran, the UK, Hong Kong, and Vietnam who bypassed guardrails on AI tools and sold access to other malicious groups (www.bloomberg.com)
2025-2-28 Hong Kong Microsoft AI Iran Vietnam

Tencent releases Hunyuan Turbo S, an AI model designed to respond instantly, saying it is competitive against DeepSeek's V3 model in commonly used AI tests (www.bloomberg.com)
2025-2-27 AI Tencent

AWS unveils Ocelot, its new quantum chip built in partnership with Caltech, featuring five qubits that store data and four additional qubits to detect errors (www.bloomberg.com)
2025-2-27 Quantum

Bitcoin ETFs saw their longest outflow streak, losing $2.1B over six days, including $1B+ on Feb. 25, the largest single-day outflow since their Jan. 2024 debut (www.bloomberg.com)
2025-2-27 Bitcoin ETF

Gemini says the SEC closed its investigation into the crypto exchange and won't pursue an enforcement action, after Gemini received a Wells notice in May 2024 (www.bloomberg.com)
2025-2-27

Snowflake reports Q4 product revenue up 28% YoY to $943.3M, vs. $915.8M est., and forecasts FY 2026 product revenue above estimates; SNOW jumps 8%+ after hours (www.bloomberg.com)
2025-2-27 4Q

Amazon's Panos Panay demoed Alexa+ in a flowing ongoing conversation and says it can book concert tickets, make restaurant reservations, and text a babysitter (www.bloomberg.com)
2025-2-27 Amazon

Court records: FTX paid nearly $948M to 12+ firms working on its bankruptcy, one of the costliest Chapter 11 cases in US history; users are set to get back 118% (www.bloomberg.com)
2025-2-27

Trump says “Apple should get rid of DEI rules, not just make adjustments to them” in a Truth Social post, after Apple investors rejected a proposal to end DEI (www.bloomberg.com)
2025-2-27 Trump Apple

Apple removing ADP in the UK is a pyrrhic victory for Apple, and UK users' muted response suggests they may not care about privacy as much as the company thinks (www.bloomberg.com)
2025-2-26 Apple

Indonesia says Apple signed a deal to invest in Indonesia and will issue it a permit, paving the way for resuming iPhone 16 sales after a five-month tussle (www.bloomberg.com)
2025-2-26 iPhone Apple Indonesia

A profile of Walmart CEO Doug McMillon, who led the company from trailing eBay and Apple in online sales to becoming the world's second-largest e-commerce firm (www.bloomberg.com)
2025-2-26 Apple eBay Walmart

Documents and source: Indonesian agritech eFishery misrepresented financial figures for years; backers like SoftBank likely to recover under 10% of investments (www.bloomberg.com)
2025-2-26 Indonesia

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