Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Oracle sent a force majeure notice to Blue Owl to delay payments on the 2.45GW Project Jupiter data center in New Mexico if it fails to launch in 2028 (www.bloomberg.com)
12 days ago Mexico Oracle

Tencent launches TenPayGo, a payment app for foreign visitors to China that lets them pay tens of millions of merchants via Visa, Mastercard, and Apple Pay (www.bloomberg.com)
12 days ago China Apple Tencent Apple Pay

Revolut is piloting a new POS system that uses facial recognition for payments at the UK coffee chain Kiss the Hippo, ahead of a full launch later this year (www.bloomberg.com)
12 days ago Facial Recognition

India's food regulator initiates penal action against Amazon, Flipkart, Swiggy Instamart, Bigbasket, and Zepto over alleged misbranding and misleading claims (www.bloomberg.com)
12 days ago India Amazon

Sources: Schneider Electric is nearing a deal to acquire Bulgaria-based smart home device maker Shelly Group at a €1.27B valuation, excluding debt (www.bloomberg.com)
12 days ago

Sources: Modal Labs is in funding talks at a ~$15B valuation, up from $4.65B in May; Baseten is in funding talks at a $26B valuation, up from $13B in June (www.bloomberg.com)
12 days ago

Seattle-based Hubble, which is building a 60-satellite low-Earth orbit network for global Bluetooth connectivity, raised a $200M Series C at a $1.6B valuation (www.bloomberg.com)
12 days ago Seattle

SoftBank raised ~$11B in debt through its junk bond sale, making the Japanese investment firm one of the biggest corporate junk-bond borrowers in the world (www.bloomberg.com)
12 days ago Japan

Sources: the Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including via JVs with private firms (www.bloomberg.com)
12 days ago Trump

Meta previews Muse Charm, a palm-sized Tamagotchi-like device for using Muse, with a ~2-inch OLED screen, front and rear cameras, and 5G, on sale by year's end (www.bloomberg.com)
12 days ago 5G

Meta debuts Meta VR Glasses, a ~100g VR headset with an external compute pack, three-hour battery life, ~2.5K resolution per eye, on sale spring 2027 for $1,299 (www.bloomberg.com)
12 days ago VR Battery

Meta unveils the Ray-Ban Meta Audio, its first pair of glasses without cameras, offering up to 12 hours of battery life, starting at $349 and shipping October 3 (www.bloomberg.com)
12 days ago Ban Battery

Source: a CoreWeave-tied data center raised $1.1B in junk bonds at 98.5 cents on the dollar to yield 9.25%, ~2.7 percentage points above similarly rated debt (www.bloomberg.com)
12 days ago

Microsoft plans to invest more than $10B through 2030 in Saudi Arabia, Kuwait, Qatar, and the UAE, including a $7.9B UAE investment it announced last year (www.bloomberg.com)
12 days ago Microsoft Arabia Saudi Arabia Qatar

Sam Altman and Dario Amodei tell the UN Security Council that governments and industry should coordinate on AI safety standards and critical decisions (www.bloomberg.com)
12 days ago AI

Source: 1789 Capital, where Donald Trump Jr. is a partner, is in talks to raise $3B for its second growth fund and has already raised $2B of that target amount (www.bloomberg.com)
12 days ago Trump

Coachella promoter Goldenvoice renews its livestreaming partnership with YouTube through 2030, choosing it over competing bids from Netflix and Amazon (www.bloomberg.com)
13 days ago Amazon YouTube Netflix

Seattle-based satellite startup Hubble, which is working to enable global Bluetooth connectivity, raised $200M at a $1.6B valuation, for $300M in total funding (www.bloomberg.com)
13 days ago Startup Seattle

Bessemer raised $5.75B, allocating $4B to growth-stage funding, including young companies raising large rounds at high valuations, and $1.75B for early-stage (www.bloomberg.com)
13 days ago

Portuguese surveillance drone maker Tekever raised $580M ed by UC Investments at a $6.4B valuation, after securing a UK MOD contract worth £400M over 10 years (www.bloomberg.com)
13 days ago Drone

Analysis: 30 Chinese tech stocks with the largest overseas revenue exposure returned 36% YTD, outperforming the 8% return from domestically dependent peers (www.bloomberg.com)
13 days ago China

Chinese chip foundry CanSemi, focused on automotive, industrial, and IoT chips, files for an IPO on Shenzhen stock exchange's ChiNext, seeking to raise ~$919M (www.bloomberg.com)
13 days ago IoT China IPO Shenzhen

The US criticizes Australia's digital duty-of-care proposal, which has a provision that would require social media platforms to let users opt out of algorithms (www.bloomberg.com)
13 days ago Australia Algorithm

Alibaba says it plans to build its first cloud regions in Turkey, Finland, and the Netherlands over the next 12 months, amid escalating US-China AI tensions (www.bloomberg.com)
13 days ago China Alibaba AI Netherlands Finland

Sources: Mirendil, founded by former Anthropic researchers to build self-improving AI, is in talks to raise ~$1B led by Kleiner Perkins at a $5B valuation (www.bloomberg.com)
13 days ago AI

OpenAI says it plans to let third-party groups conduct technical safety evaluations of its AI models during the training, evaluation, and deployment phases (www.bloomberg.com)
13 days ago AI

Sources: Apple is developing prototypes for a screenless health and fitness tracker similar to Whoop but hasn't decided whether to release the product (www.bloomberg.com)
13 days ago Apple

Sources: in a London presentation, SpaceXAI says Grok Bot hit 418,000 users as of September 14, up 24% from the week prior; SpaceXAI launched it in mid-August (www.bloomberg.com)
13 days ago London

Sources: after a deadly school strike in Iran, US Central Command changed its targeting process, integrated open-source data, and upgraded Palantir's Maven (www.bloomberg.com)
14 days ago Iran

Australian healthcare AI startup Heidi raised $340M, including a $100M Series C led by Blackbird at a $900M valuation, taking its total funding to $430M+ (www.bloomberg.com)
14 days ago Australia Startup AI

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