Articles from www.bloomberg.com

Articles from www.bloomberg.com

SK Hynix plans to spend ~$8B to buy cutting-edge EUV lithography chipmaking tools from ASML through 2027, as it competes with Samsung to supply DRAM and HBM (www.bloomberg.com)
12 days ago Samsung

Sources: Nintendo plans to cut Switch 2 production this quarter to 4M units, down ~33% from 6M, after weaker-than-expected holiday demand, especially in the US (www.bloomberg.com)
12 days ago Nintendo

Memo: Meta hires the founders and team behind Dreamer, which lets users create AI agents; co-founder Hugo Barra is joining Meta Superintelligence Labs (www.bloomberg.com)
13 days ago AI

Polymarket unveils insider trading rules: no bets on stolen confidential info, illegal tips, or events whose outcomes the user can influence as an insider (www.bloomberg.com)
13 days ago

Sources: Apple is preparing to introduce ads in its Maps app, allowing retailers and brands to bid for ad slots against search queries (www.bloomberg.com)
13 days ago Apple

London-based luxury ride-hailing app Wheely launches in NYC, aiming to compete with Uber Elite; Wheely reports ~1,250 corporate accounts and ~100K active riders (www.bloomberg.com)
13 days ago Uber London

Sources: EA is marketing a $15B debt package to fund its $55B Saudi-led take-private deal, including nearly $700M in projected annual cost savings (www.bloomberg.com)
13 days ago

Leonid Radvinsky, the reclusive billionaire owner of OnlyFans parent Fenix, died at 43 after a long battle with cancer; he acquired the OnlyFans stake in 2018 (www.bloomberg.com)
13 days ago

AI chip company Kandou AI raised $225M from SoftBank, Synopsys, and others at a $400M valuation after pivoting from consumer hardware to AI infrastructure (www.bloomberg.com)
13 days ago AI

Sources: Sony is nearing a binding agreement to sell a 51% stake in its home entertainment business to Chinese rival TCL for ~$1B as soon as this month (www.bloomberg.com)
13 days ago China Sony

NYC-based Dash0, which offers AI agents to monitor and troubleshoot cloud, app, and infrastructure issues, raised $110M led by Balderton at a $1B valuation (www.bloomberg.com)
13 days ago AI

Korean AI startup Upstage says it is in talks to acquire 10K of AMD's MI355 chips, in a bid to “diversify to other chips” as “we have a lot of Nvidia chips” (www.bloomberg.com)
13 days ago Korea Startup AI Nvidia AMD

Singapore-based Grab agrees to buy Delivery Hero's Foodpanda operations in Taiwan for $600M in cash, its first foray outside of its Southeast Asian home market (www.bloomberg.com)
13 days ago Taiwan Singapore Southeast Asia

Profile of John Ternus, likely Tim Cook successor, who shapes Apple's hardware portfolio, is expanding his domain within Apple, and his visibility to the public (www.bloomberg.com)
13 days ago Apple Tim Cook

A profile of Chinese bitcoin mining company Bitmain, now allied with Eric Trump's American Bitcoin and previously the target of a DHS espionage-risk probe (www.bloomberg.com)
14 days ago Trump China U.S. Bitcoin

Elon Musk announces Terafab, an Austin-based project run by Tesla and SpaceX to manufacture robotics, AI, and space data center chips for Tesla, xAI, and SpaceX (www.bloomberg.com)
14 days ago AI Tesla Robot Elon Musk SpaceX

Speaking at a Beijing forum, Tim Cook praised Apple's partners and developers in China, a week after Chinese state media labeled the App Store “monopolistic” (www.bloomberg.com)
14 days ago China Apple Tim Cook

Super Micro names VP DeAnna Luna as acting chief compliance officer, after SMCI closed down 33% on March 20 amid a chip smuggling scandal (www.bloomberg.com)
15 days ago

A US jury finds Elon Musk intentionally misled Twitter shareholders by disparaging the company in 2022 to buy it for a lower price than his original $44B bid (www.bloomberg.com)
15 days ago Twitter Elon Musk

Memo: Roblox is planning to take a share of revenue from sponsorships in its games and is overhauling advertising policies beginning May 4 (www.bloomberg.com)
16 days ago

Filing: Unitree, China's leading robot company, is aiming to raise ~$610M in its Shanghai IPO; it brought in ~$247M in revenue in 2025 and ~$41.6M in net profit (www.bloomberg.com)
16 days ago China IPO Robot Shanghai

Shareholder letter: crypto exchange Gemini has cut ~30% of its staff since the beginning of 2026 and had 445 employees as of March 1; Gemini lost $500M+ in 2025 (www.bloomberg.com)
16 days ago

Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, a source says for $6B; ByteDance bought Moonton for $4B in 2021 (www.bloomberg.com)
16 days ago Arabia Saudi Arabia

Alibaba and Tencent lost a combined $66B in market value over about 24 hours as investors reacted to unclear monetization plans for their AI investments (www.bloomberg.com)
16 days ago Alibaba AI Tencent

Sources: Indian AI data center operator Yotta is aiming to secure ~$500M to $600M at a ~$4B valuation, then file initial paperwork for an IPO within weeks (www.bloomberg.com)
16 days ago India IPO AI

Sources: Google has started consumer beta testing of a dedicated Gemini AI app for the Mac, as it seeks to compete with Mac apps for ChatGPT and Claude (www.bloomberg.com)
16 days ago Google AI

Oasis Security, which specializes in securing non-human identities, such as AI bots and automated work tools, raised $120M, bringing its total funding to $190M (www.bloomberg.com)
17 days ago AI

Sources: TP-Link told US federal agencies probing its China ties that CEO Jeffrey Chao applied for US permanent residency under the $1M Trump Gold Card program (www.bloomberg.com)
17 days ago Trump China

Meta plans to reduce its reliance on third-party vendors for content moderation, in favor of AI tools that it says are better at spotting scams and other tasks (www.bloomberg.com)
17 days ago AI

Cursor launches Composer 2, an AI agent trained solely on coding-related data to perform autonomous, lengthy coding tasks, to compete with Anthropic and OpenAI (www.bloomberg.com)
17 days ago AI

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