Articles from www.bloomberg.com

Articles from www.bloomberg.com

President Trump calls on Intel CEO Lip-Bu Tan to “resign, immediately” and says he is “highly CONFLICTED”, after Sen. Cotton asked Tan about his ties to China (www.bloomberg.com)
14 days ago Trump China Intel

DJI, which is facing an end of 2025 deadline to keep its US business alive, says its lobbying efforts are struggling; DJI controls 70%+ of the US drone market (www.bloomberg.com)
14 days ago Drone

Tokyo Electron says it fired an employee in Taipei and is cooperating with Taiwan's investigation after Taiwan arrested six people over alleged TSMC IP theft (www.bloomberg.com)
14 days ago Taiwan Tokyo

Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt (www.bloomberg.com)
14 days ago

Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn (www.bloomberg.com)
14 days ago Taiwan AI

Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B (www.bloomberg.com)
14 days ago SaaS

Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture (www.bloomberg.com)
14 days ago China Hong Kong Nvidia

Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth (www.bloomberg.com)
14 days ago Asia Cambodia

Sources: Apple formed an Answers, Knowledge, and Information team for creating ChatGPT-like search experiences; an iPhone 17 Pro may have been seen in the wild (www.bloomberg.com)
14 days ago iPhone Apple

SAP plans to acquire HR software company SmartRecruiters, with the deal expected to close in Q4; SmartRecruiters was valued at $1.5B in a 2021 funding round (www.bloomberg.com)
14 days ago 4Q

Asian financial hubs are updating their stablecoin rules and companies like JD.com and Ant Group plan to become issuers, after the US embraces USD stablecoins (www.bloomberg.com)
14 days ago

Simulated markets study: without explicit instruction, AI trading bots collude to fix prices, hoard profits, and sideline human traders, a regulatory challenge (www.bloomberg.com)
14 days ago AI

Xiaomi releases MiDashengLM-7B, an AI voice model based on its foundation voice model deployed in cars and smart home devices, under an Apache 2.0 license (www.bloomberg.com)
14 days ago AI Xiaomi

Lyft partners with Baidu to launch autonomous vehicles in Germany and the UK in 2026, pending regulatory approval; Lyft will deploy Baidu's sixth-gen robotaxis (www.bloomberg.com)
14 days ago Germany Autonomous Car

Bullish, a digital asset exchange and CoinDesk's owner, plans to sell 20.3M shares at $28 to $31 in a US IPO, raising up to $629.3M at an up to ~$4.2B valuation (www.bloomberg.com)
14 days ago IPO Asset

Spotify says it is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific; an example email had a €1/month rise (www.bloomberg.com)
14 days ago Europe U.S. Asia Africa Latin America Spotify

Amazon denies it is closing its Wondery podcast studio, but says it will break up its operations; a source says ~110 jobs will be cut due to the reorganization (www.bloomberg.com)
14 days ago Amazon

Source: Figma considered a higher IPO price, but CEO Dylan Field wanted to bring on board certain long-term institutional shareholders and approved $33/share (www.bloomberg.com)
14 days ago IPO

Broadcom unveils Jericho4, a new version of its networking chip that can connect 1M+ processors across multiple data centers and handle distances of over 100km (www.bloomberg.com)
14 days ago

The CFTC is asking for public comment by August 18 about trading spot crypto asset contracts listed on CFTC-registered futures exchanges (www.bloomberg.com)
14 days ago Asset CFTC

White House OSTP Director Michael Kratsios says the US is exploring software or physical ways to track the location of AI chips, as part of its AI Action Plan (www.bloomberg.com)
14 days ago AI

As Delta experiments with AI-driven ticket pricing, regulators and travelers alike worry about dynamic fare schemes that “go beyond the human cognitive limits” (www.bloomberg.com)
14 days ago AI

Netherlands-based dronemaker Destinus agrees to acquire Zurich-based Daedalean, which develops ML autopilot software for aviation, for ~$223M in cash and stock (www.bloomberg.com)
14 days ago Netherlands

Filings: SoftBank increased its Nvidia stake to ~$3B in Q1 and bought ~$330M worth of TSMC stock; source: Vision Fund monetized almost $2B of assets in H1 2025 (www.bloomberg.com)
14 days ago Nvidia Asset

Source: Alibaba's supermarket chain Hema plans to gradually wind down the last of its Costco-like members-only stores in China in a bid to improve profitability (www.bloomberg.com)
14 days ago China Alibaba

The US General Services Administration approves OpenAI, Google, and Anthropic for AI contracts with civilian federal agencies via its Multiple Award Schedule (www.bloomberg.com)
14 days ago Google AI

US DOT Secretary Sean Duffy proposes a rule change to let more commercial drones fly beyond an operator's line of sight, a boon for Walmart and Alphabet's Wing (www.bloomberg.com)
14 days ago Drone Alphabet Walmart

Anthropic's Mike Krieger: Opus 4.1 is better at coding, agentic tasks, and more, and Anthropic was previously too focused on only shipping “really big upgrades” (www.bloomberg.com)
14 days ago

Match reports Q2 revenue flat YoY at $864M, net earnings down 6% YoY to $125.5M, invests $50M in product, and provides a Q3 forecast above est.; MTCH jumps 10%+ (www.bloomberg.com)
14 days ago

AMD reports Q2 revenue up 32% YoY to $7.69B, vs. $7.43B est., net income down 31% YoY to $781M, and diluted EPS of $0.48, vs. $0.49 est.; AMD drops 5%+ (www.bloomberg.com)
14 days ago AMD

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