Articles from www.bloomberg.com

Articles from www.bloomberg.com

Turning compute into a tradable commodity could fuel the next stage of the AI boom, just like oil futures and spectrum auctions unlocked waves of investment (www.bloomberg.com)
7 days ago AI

Apple's internal chatbot deserves a public release, sources: Apple nears production of M5 MacBook Pros, MacBook Airs, and two monitors for Q4 2025 or Q1 2026 (www.bloomberg.com)
7 days ago Apple chatbot MacBook 4Q

A look at the implosion of CaaStle, a clothing inventory monetization startup whose ex-CEO Christine Hunsicker is accused of swindling investors out of $300M (www.bloomberg.com)
7 days ago Startup

A profile of Justin Sun, who was facing an SEC fraud lawsuit before investing $90M in Trump family cryptocurrencies and becoming a business associate of Trump (www.bloomberg.com)
7 days ago Trump

A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024 (www.bloomberg.com)
8 days ago Blockchain AI

OpenAI executives working on Stargate say that it costs about $50B to build a data center with roughly 1 GW of capacity, with $35B going toward AI chips (www.bloomberg.com)
8 days ago AI

Oracle, whose expenses are rising as it begins to fulfill massive cloud infrastructure deals, turned cash flow negative this year for the first time since 1992 (www.bloomberg.com)
8 days ago Oracle

China's central bank opens a digital yuan hub in Shanghai; a Chinese state media report says the hub will oversee cross-border payments and blockchain tech (www.bloomberg.com)
8 days ago Blockchain China Central Bank Shanghai

Google agrees to guarantee $1.4B of AI computing startup Fluidstack's $3B, 10-year agreement with Cipher Mining and gets the right to buy a 5.4% stake in Cipher (www.bloomberg.com)
8 days ago Google Startup AI

Leaked letter: NLRB drops claims against Tim Cook, including that he violated workers' rights with a 2021 email threatening staffers who leak confidential info (www.bloomberg.com)
9 days ago Tim Cook

Sources: Kraken is in advanced talks to raise $200M to $300M from a strategic investor at a valuation of ~$20B, after recently raising $500M at a $15B valuation (www.bloomberg.com)
9 days ago

Sources: Apple has developed an internal ChatGPT-like iPhone app, code-named Veritas, to help test and prepare for a major Siri overhaul next year (www.bloomberg.com)
9 days ago iPhone Apple

Uber expects non-restaurant deliveries to hit an annual run rate of $12.5B in gross bookings by the end of 2025, up 25% from the $10B+ rate it shared in May (www.bloomberg.com)
9 days ago Uber

Sources: ByteDance is expected to receive ~50% of TikTok US' overall profit despite selling majority ownership to US investors, including a 20% licensing fee (www.bloomberg.com)
9 days ago

German investigators conduct raids in relation to Northern Data, which is majority-owned by Tether and has been pivoting from crypto mining to AI computing (www.bloomberg.com)
9 days ago Germany AI

The Trump administration's $14B valuation of TikTok's US business falls well below previous estimates of around $40B, surprising investors who call it a bargain (www.bloomberg.com)
9 days ago Trump

Meta plans to launch paid, ad-free versions of Instagram and Facebook in the UK, each costing £2.99 per month on the web, and £3.99 on iOS and Android (www.bloomberg.com)
9 days ago Android IOS Facebook Instagram

Checkout.com announces an employee share buyback at a $12B valuation, up 30% from $9.35B two years ago yet below $40B in 2022, and says an IPO isn't a priority (www.bloomberg.com)
9 days ago IPO

OLX Group, an online marketplace owned by Prosus, agrees to acquire La Centrale, a French auto classifieds platform, for $1.3B in cash, expected to close in Q4 (www.bloomberg.com)
9 days ago France 4Q

Google asks SCOTUS to pause a lower court's order requiring a Play Store overhaul set to take effect on October 22, while the company seeks high court review (www.bloomberg.com)
10 days ago Google

Sources: EU prepares to issue preliminary findings that Facebook and Instagram lack an adequate “notice and action mechanism” to let users flag illegal posts (www.bloomberg.com)
10 days ago Facebook Instagram

CoreWeave expands its data center capacity agreements with OpenAI by $6.5B, bringing their total potential value to $22.4B, to support training of OpenAI models (www.bloomberg.com)
10 days ago

xAI signed a deal with the GSA to offer Grok to US federal agencies for $0.42 per agency for 18 months, a discount to OpenAI's $1 per year for ChatGPT (www.bloomberg.com)
10 days ago

SAP, whose cloud sales are set to reach €22B this year, nearly triple 2019 levels, faces competition from other tech giants as it targets AI apps for the future (www.bloomberg.com)
10 days ago AI

JPMorgan's recent data access deal with Plaid, if extended to other aggregators, could allow Plaid to use its cost advantage to further consolidate market share (www.bloomberg.com)
10 days ago JPMorgan

London-based “neocloud” startup Nscale raised a $1.1B Series B led by Aker, with Nvidia participating; Aker says it is investing $285M for a 9.3% stake (www.bloomberg.com)
10 days ago Startup Nvidia London

Taiwan suspends chip export controls on South Africa after just two days, signaling discomfort with using the key tech export as a weapon in diplomatic disputes (www.bloomberg.com)
10 days ago Taiwan Africa South Africa

Australian lawmakers propose rules to regulate crypto exchanges, allowing the government to slap penalties of 10% of annual turnover on firms that violate rules (www.bloomberg.com)
10 days ago Australia

Meta says Instagram has hit 3B monthly users and is changing its home screen to prioritize DMs and Reels; it is testing opening directly into Reels in India (www.bloomberg.com)
11 days ago India Instagram

Sources: Intel approached Apple about a potential investment in the chipmaker as part of its turnaround efforts and discussed how to work more closely together (www.bloomberg.com)
11 days ago Intel Apple

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