Articles from www.bloomberg.com

Articles from www.bloomberg.com

Digital asset treasuries, one of the hottest trends in public markets in H1 2025, saw a dramatic reversal in H2; SharpLink stock has fallen 86% from its peak (www.bloomberg.com)
11 days ago Asset

Sources: Apple's chip chief Johny Srouji told Tim Cook that he is seriously considering leaving soon; some execs floated elevating him to the CTO role (www.bloomberg.com)
11 days ago Apple Tim Cook

Short seller Grizzly shorts London-listed Trustpilot, alleging the review site pressures businesses to pay for subscriptions; Trustpilot refutes the claims (www.bloomberg.com)
11 days ago London

Sources: Meta is considering deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January (www.bloomberg.com)
12 days ago Layoffs Budget

A US judge rules Google must renegotiate annually any contract that makes its search engine or AI app the default on smartphones and other devices (www.bloomberg.com)
12 days ago Google AI

Cloudflare says it has fixed an issue that caused a 25 minute outage on Friday, following a major, hours-long outage last month (www.bloomberg.com)
12 days ago

Polish lawmakers fail to override the president's veto on a crypto assets regulation bill; Poland is the last EU country not to adopt EU's crypto regulation (www.bloomberg.com)
12 days ago Asset Poland

Netflix has lined up a $59B unsecured bridge loan from Wells Fargo, BNP Paribas, and HSBC to support its WBD deal, one of the largest ever loans of its kind (www.bloomberg.com)
12 days ago HSBC Netflix

Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved (www.bloomberg.com)
12 days ago Netflix

A look at Microsoft Excel's evolution, as it remains the most widely used spreadsheet software with 500M paying users despite competition from Google and others (www.bloomberg.com)
12 days ago Google Microsoft

Docusign reports Q3 revenue up 8% YoY to $818.4M, vs. $807.1M est., and forecasts Q4 revenue below estimates; DOCU drops 6%+ after hours (www.bloomberg.com)
13 days ago 4Q

Chinese AI chipmaker Moore Threads raised ~$1.13B in the year's second-largest onshore IPO, valuing it at ~$7.6B, with the retail portion oversubscribed 2,750x (www.bloomberg.com)
13 days ago China IPO Retail AI

Phia, founded by Bill Gates' daughter Phoebe to develop an AI search engine accessed via an extension for Chrome and Safari, raised $30M at a $180M valuation (www.bloomberg.com)
13 days ago AI Chrome Bill Gates

Sources: Polymarket has recruited staff for a market making team that could face off against its customers; Kalshi's similar unit exposed Kalshi to criticism (www.bloomberg.com)
13 days ago

Sources: Meta plans deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January (www.bloomberg.com)
13 days ago Layoffs Budget

Yann LeCun says his unnamed AI startup will not receive financial backing from Meta, will focus on advanced AI world models, and hints it will be Paris-based (www.bloomberg.com)
13 days ago Startup AI Paris

The EU says it is gathering information and feedback from ~200 stakeholders on Google's offer to fix alleged antitrust violations linked to its ad tech business (www.bloomberg.com)
13 days ago Google

Malaysian authorities are using drones, power sensors, and tips to hunt Bitcoin miners over power theft, which cost a state energy company $1.1B over five years (www.bloomberg.com)
13 days ago Bitcoin Energy Drone Malaysia

Sources: Beijing-based Cambricon plans to more than triple its AI chip production to 500K units in 2026, including 300K of its advanced Siyuan 590 and 690 chips (www.bloomberg.com)
13 days ago AI

Sources: SoftBank agrees to sell a large portion of its stake in InMobi back to the Indian mobile ad company for ~$250M, reducing its holding to <10% from 30%+ (www.bloomberg.com)
13 days ago India Mobile

In an interview, Dario Amodei suggests some AI companies are taking on too much risk by “YOLO-ing” and committing to spend hundreds of billions on data centers (www.bloomberg.com)
13 days ago Interview AI

A profile of Databricks co-founder Andy Konwinski, who pivoted from Jehovah's Witness to helping solve “species-level” problems by funding AI research (www.bloomberg.com)
14 days ago AI

Intel shelves plans to spin off or sell a stake in its networking division NEX, after deciding that the business is more likely to succeed as an internal unit (www.bloomberg.com)
14 days ago Intel

Jensen Huang says “we don't know” if China would accept Nvidia's H200 AI chips even if the US relaxed export controls, following a meeting with President Trump (www.bloomberg.com)
14 days ago Trump China AI Nvidia

Snowflake reports Q3 product revenue up 29% YoY to $1.16B, and forecasts Q4 adjusted operating income margin below estimates; SNOW drops 7%+ after hours (www.bloomberg.com)
14 days ago 4Q

Apple interface design chief Alan Dye is leaving the company; sources: Dye will join Meta as chief design officer on Dec. 31 and report to CTO Andrew Bosworth (www.bloomberg.com)
14 days ago Apple

OpenAI's nonprofit foundation announces it's awarding $40.5M in grants this year to 208 nonprofits across the US; the nonprofit donated only $7.5M in 2024 (www.bloomberg.com)
14 days ago

OpenAI agrees to buy Poland-based Neptune, which makes tools for analyzing progress during AI model training; the transaction will be in stock (www.bloomberg.com)
14 days ago AI Poland

TikTok plans to invest $37.7B+ to build a data center in Brazil's port of Pecém, partnering with Omnia and Casa dos Ventos, its first Latin American project (www.bloomberg.com)
14 days ago U.S. Brazil Latin America

Uber partners with Avride to launch robotaxi rides in Dallas, marking Uber's fourth US city to offer autonomous ride options after Phoenix, Austin, and Atlanta (www.bloomberg.com)
14 days ago Uber

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