Articles from www.bloomberg.com

Articles from www.bloomberg.com

Crypto exchange Bybit says a hacker took control of one of its cold Ethereum wallets, resulting in what analysts estimate was the loss of ~$1.5B worth of tokens (www.bloomberg.com)
2025-2-22 Hacker Ethereum

NetEase CEO William Ding has cut hundreds of jobs, closed game studios, and reduced international investment as he refocuses on a smaller portfolio of titles (www.bloomberg.com)
2025-2-22

Sources: AMD is in talks with Asian companies for a $3B to $4B sale of data center manufacturing plants, which it inherited in its $4.9B ZT Systems acquisition (www.bloomberg.com)
2025-2-22 Manufacturing AMD

Sources: SoftBank VF and others marked up ByteDance's valuation to $400B+; SoftBank puts zero value on TikTok's US operations but factored in AI business Doubao (www.bloomberg.com)
2025-2-22 AI

Sources: Fluidstack, which wants to build a €10B AI data center in France as part of Macron's €109B data center pledge, is in talks to raise a ~$200M Series A (www.bloomberg.com)
2025-2-22 France AI

DeepSeek plans to open source five of its code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models (www.bloomberg.com)
2025-2-22 AI

Apple says Advanced Data Protection will not be available in the UK for new users, pulling the feature rather than complying with UK's order to build a backdoor (www.bloomberg.com)
2025-2-22 Apple

DeepSeek will start open-sourcing five code repositories next week, letting anyone download, build on, or improve the code behind its well-regarded AI models (www.bloomberg.com)
2025-2-22 AI

Sensor Tower: Xiaohongshu's downloads fell 91% in five days after Apple and Google relisted TikTok on their US app stores on February 13, while TikTok's doubled (www.bloomberg.com)
2025-2-21 Google Apple Sensor

Alibaba CEO Eddie Wu calls the pursuit of AGI the company's “primary objective”, saying “our first and foremost goal is to pursue AGI” (www.bloomberg.com)
2025-2-21 Alibaba

FTC Chair Andrew Ferguson announces an inquiry into “Big Tech censorship”, which he says is “un-American” and “potentially illegal” (www.bloomberg.com)
2025-2-21 U.S.

YouTube plans a premium lite tier in the US, Australia, Germany, and Thailand, offering podcasts and how-to clips without ads; music videos will have ads (www.bloomberg.com)
2025-2-21 Germany Australia Thailand YouTube

Sources: X's financials showing a ~$1.4B profit given to investors fall outside corporate accounting norms; the 2023 figures were audited, but 2024 was not (www.bloomberg.com)
2025-2-21

AI hiring startup Mercor, founded by 21-year-old Thiel fellow Brendan Foody, raised $100M led by Felicis at a $2B valuation, up from $250M in September 2024 (www.bloomberg.com)
2025-2-21 Startup AI

Together AI, which provides users access to AI computing, raised $305M co-led by General Catalyst and Saudi Arabia's Prosperity7 at a $3.3B valuation (www.bloomberg.com)
2025-2-21 AI Arabia Saudi Arabia

Meta says Mark Zuckerberg went to the US Capitol on February 19 to lobby Senators on AI and talk about issues like US tech leadership and ending DEI programs (www.bloomberg.com)
2025-2-20 AI Zuckerberg

Alibaba reports Q3 revenue up 8% YoY to ~$38.6B, the fastest growth in over a year and above ~$38B est., and a ~$6.7B net income, as AI boosts its business (www.bloomberg.com)
2025-2-20 Alibaba AI

Palantir's stock fell 10% on February 19 after the WaPo reported US Defense Secretary Pete Hegseth plans to cut military spending; PLTR is up 50%+ in 2025 (www.bloomberg.com)
2025-2-20

Australia eSafety Commissioner study: social media platforms likely have ~1.3M under-13 Australian users, suggesting a lack of preparation for the under-16 ban (www.bloomberg.com)
2025-2-20 Australia Ban

Lenovo reports Q3 revenue up 20% YoY to $18.8B, above est., and net income up 106% YoY to $692.7M, vs. $365M est.; IDC says Lenovo's PC shipments grew 4.8% YoY (www.bloomberg.com)
2025-2-20 Lenovo

TMTG and Rumble sue a Brazilian Supreme Court Justice in Florida for allegedly illegally suppressing the US social media activity of conservative Brazilians (www.bloomberg.com)
2025-2-20 Brazil

Analog Devices, one of the largest analog chip makers, increases its stock buyback program by $10B to $11.5B; sales dropped 23% in 2024 as chip demand slows (www.bloomberg.com)
2025-2-19

How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025 (www.bloomberg.com)
2025-2-19 Trump

Internal documents, emails, and federal data suggest Indian IT giant TCS has used L-1A manager visas in ways that raise concerns about undercutting US workers (www.bloomberg.com)
2025-2-19 India

Some US ByteDance investors argue that they don't need US TikTok for success, as China, which accounts for 80% of ByteDance's revenue, is the real driving force (www.bloomberg.com)
2025-2-19 China

Sources: X is in talks to raise funds at a $44B valuation, matching the price Elon Musk paid for Twitter in 2022 (www.bloomberg.com)
2025-2-19 Twitter Elon Musk

Solana has lost ~25% of its market value, or ~$20B, since February 14 after Argentine President Javier Milei faced scrutiny for promoting Solana memecoin Libra (www.bloomberg.com)
2025-2-19

Sources: Niantic is in talks to sell its games unit to Saudi Arabia-controlled Scopely for ~$3.5B; the deal would include Pokémon Go and other mobile games (www.bloomberg.com)
2025-2-19 Mobile Arabia Saudi Arabia

HP will acquire assets from Humane for $116M; Humane's Ai pin business will be wound down, and Humane's team, including its founders, will join HP (www.bloomberg.com)
2025-2-19 AI Asset

Sources: Silver Lake is in exclusive talks to acquire a majority stake in Intel's Altera unit (www.bloomberg.com)
2025-2-19 Intel Silver

Previous Page Next Page