Articles from www.bloomberg.com

Articles from www.bloomberg.com

GitLab announces layoffs, saying they are “not an AI optimization or cost cutting exercise”, and plans to cut the number of countries it operates in (www.bloomberg.com)
9 days ago AI Layoffs

Musk v. Altman: Ilya Sutskever testifies that his OpenAI stake is worth ~$7B and he had concerns about Altman for a year before Altman's brief ouster as CEO (www.bloomberg.com)
9 days ago

Cowboy Space, led by Robinhood co-founder Baiju Bhatt to build data centers in orbit, raised a $275M Series B led by Index Ventures at a $2B valuation (www.bloomberg.com)
10 days ago

Sources: Masayoshi Son has held talks with French President Emmanuel Macron about unveiling a multibillion-dollar AI data center project in the coming weeks (www.bloomberg.com)
10 days ago France AI

SEC filing: Cerebras upsizes its IPO to 30M shares at $150-$160 each, up from 28M shares at $115-$125, aiming to raise up to $4.8B at an up to $34.4B valuation (www.bloomberg.com)
10 days ago IPO

Filing: Wise plans to debut on the Nasdaq as WSE, and relist in London for its secondary listing; Wise reports year-to-March net revenue up 19% YoY to $2.5B (www.bloomberg.com)
10 days ago London

Turkish mobile gaming startup Grand Games raised a $70M Series B led by Balderton Capital, after raising $30M in 2025, taking its total funding to $103M (www.bloomberg.com)
10 days ago Mobile Startup

SoftBank partners with South Korea's Cosmos Lab and DeltaX to mass produce next-gen data center batteries in Japan at the scale of one GWh per year in FY 2027 (www.bloomberg.com)
10 days ago Japan Korea

Sources: Digital Asset, which builds Canton Network, a public blockchain with privacy features, is raising a ~$300M round led by a16z crypto at a ~$2B valuation (www.bloomberg.com)
10 days ago Blockchain Asset

Microsoft and G42's $1B geothermal-powered data center in Kenya stalls after the government couldn't provide annual payment guarantees that Microsoft requested (www.bloomberg.com)
10 days ago Microsoft

Sources: Apple is working on a “slight redesign” for macOS 27 to address Liquid Glass issues, plans a feature to automatically group Safari tabs in “27” OSes (www.bloomberg.com)
11 days ago Apple

Experian says 40% of the 5,000 data breaches it serviced in 2025 were AI-powered, and predicts agentic AI will be the leading cause of data breaches in 2026 (www.bloomberg.com)
11 days ago AI

NetBlocks: Iran's 70+ day internet blackout is “the longest recorded national internet shutdown in a connected society”, as businesses warn of layoffs, closures (www.bloomberg.com)
11 days ago Layoffs Iran

How SpaceMob, an online community of ~50,000, has fueled a meme-stock-like rally in satellite networking company AST, which is up ~6,000% over a 22-month period (www.bloomberg.com)
11 days ago

Honeywell's Quantinuum files for a US IPO, reporting a $136.6M net loss on revenue of $5.2M for the three months ended March 31; sources: it could raise $1.5B+ (www.bloomberg.com)
12 days ago IPO Honeywell

Sources: WH is preparing to order US agencies to partner with AI companies on cybersecurity; the EO wouldn't require pre-release model testing by the government (www.bloomberg.com)
12 days ago AI

Nintendo says it will increase the price of the Switch 2 globally on September 1, from $450 to $500 in the US, and the price of the original Switch in Japan (www.bloomberg.com)
12 days ago Japan Nintendo

Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips (www.bloomberg.com)
12 days ago AI

Sources: Cerebras plans to raise its IPO price range from $115-$125 per share to $125-$135 after drawing orders for more than 20x the number of shares available (www.bloomberg.com)
12 days ago IPO

Sources: Isomorphic Labs, an AI-powered drug discovery company spun out of Google DeepMind, is in advanced talks to raise $2B+ led by Thrive Capital (www.bloomberg.com)
12 days ago Google AI

Akamai says it struck a seven-year cloud computing deal with a “leading frontier model provider”; sources: the deal was with Anthropic and is worth $1.8B (www.bloomberg.com)
12 days ago

Interviews with Intel CEO Lip-Bu Tan and other execs about the challenges of a turnaround, along with efforts to instill a sense of urgency in the organization (www.bloomberg.com)
12 days ago Intel

OnlyFans agrees to sell a ~16% stake to Architect Capital for $535M in a deal that values the company at about $3.15B (www.bloomberg.com)
13 days ago

Sources: Apple plans to let iOS 27, iPadOS 27, and macOS 27 users choose from third-party AI models to perform tasks like generating and editing text and images (www.bloomberg.com)
13 days ago IOS AI Apple

Filing: Lime files for an IPO, reporting 2025 revenue of $886.7M, up from $686.6M YoY, and a net loss of $59.3M, up from $33.9M; it was valued at $510M in 2020 (www.bloomberg.com)
13 days ago IPO

Sony and TSMC announce a new JV to build next-gen image sensors for robots and cars, as Sony moves from in-house manufacturing to a more asset-light approach (www.bloomberg.com)
13 days ago Robot Manufacturing Sony Asset

Sources: the US suspects OBON, a key company behind Thailand's national AI effort, of smuggling Super Micro servers with export-controlled Nvidia chips to China (www.bloomberg.com)
13 days ago China Thailand AI Nvidia

Nintendo said it would increase the price of the Switch 2 to $500, up from $450, globally from September 1, and offered a downbeat performance outlook for 2026 (www.bloomberg.com)
13 days ago Nintendo

Filings: Baidu's AI chip unit Kunlunxin is planning a dual IPO on Shanghai's STAR Board and in Hong Kong; Baidu holds a 58% stake in Kunlunxin (www.bloomberg.com)
13 days ago Hong Kong IPO AI Shanghai

A US judge blocks DOGE's termination of $100M in National Endowment for the Humanities grants, saying ChatGPT prompts used to decide the cuts were ill-defined (www.bloomberg.com)
13 days ago

Previous Page Next Page