Articles from www.bloomberg.com

Articles from www.bloomberg.com

MercadoLibre reports Q1 revenue up 49% YoY to $8.8B, vs. $8.4B est., and net income down 16% to $417M, vs. $433M est.; MELI drops 5%+ after hours (www.bloomberg.com)
13 days ago

Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours (www.bloomberg.com)
13 days ago

Cloudflare reports Q1 revenue up 34% YoY to $639.8M, plans to cut 1,100+ jobs as it shifts to an “agentic AI-first operating model”; NET drops 13%+ after hours (www.bloomberg.com)
13 days ago AI

Sources: AirPods with cameras reached an advanced testing stage; the cameras will feed data to Siri to help answer questions, rather than take photos or video (www.bloomberg.com)
13 days ago

Filing: OnlyFans owner Leonid Radvinsky's wife assumed significant control of OnlyFans holding company Fenix in March following the death of Radvinsky (www.bloomberg.com)
13 days ago

Cologne-based AI translation startup DeepL plans to cut ~25% of its workforce, or ~250 staff, saying adapting to AI “means fewer layers” and “faster decisions” (www.bloomberg.com)
14 days ago Startup AI

Kraken parent Payward agrees to buy Hong Kong-based Reap, which connects financial systems with digital assets, for $600M, and issues stock at a $20B valuation (www.bloomberg.com)
14 days ago Hong Kong Asset

UK-based Quantum Motion, which builds quantum computers on silicon chips, raised a $160M Series C; EU-backed growth fund Kembara made its first investment (www.bloomberg.com)
14 days ago Quantum

Specialist chipmaker Silex raised ~$220M in a Stockholm IPO and jumps nearly 160% in trading, the strongest open for a sizable European IPO in almost five years (www.bloomberg.com)
14 days ago Europe IPO

The Pentagon's mishandled blacklisting of Alibaba and Baidu in February shows how the Trump administration is often at odds with itself on how to approach China (www.bloomberg.com)
14 days ago Trump China Alibaba Pentagon

Analysis: South Korea's equity market overtakes Canada's as the world's seventh largest, driven by Samsung and SK Hynix, whose stocks have more than doubled YTD (www.bloomberg.com)
14 days ago Korea Samsung Canada Equity

Moonshot, the Chinese AI startup behind Kimi chatbot, raised ~$2B at a $20B+ valuation led by Meituan's venture arm; Moonshot's ARR topped $200M in April 2026 (www.bloomberg.com)
14 days ago China Startup AI chatbot

Scale AI wins a $500M DOD contract through the Chief Digital and AI Office to help sift data and assist in decision-making, after receiving a $100M deal in 2025 (www.bloomberg.com)
14 days ago AI

Sources: Microsoft is considering delaying or dropping its 2030 goal of matching its hourly power use with renewable energy purchases, amid the data center boom (www.bloomberg.com)
15 days ago Microsoft Energy Renewable

Google DeepMind takes a minority stake in the maker of Eve Online, a multiplayer role playing game set in outer space, and plans to train its tech on the game (www.bloomberg.com)
15 days ago Google

Morgan Stanley rolls out a crypto trading pilot on E*Trade, charging clients lower prices than Coinbase and Robinhood, ahead of a wider launch later in 2026 (www.bloomberg.com)
15 days ago Morgan Stanley Coinbase

Magnitt: startup funding in the Middle East and North Africa was flat YoY at $799M in Q1 amid the Iran war; Saudi VC firms are pressing ahead with fundraising (www.bloomberg.com)
15 days ago Startup Iran Africa

Crypto miner Hut 8 signs a lease worth $9.8B+ over 15 years to provide computing power to a “high-investment-grade company” at its Nueces County, Texas campus (www.bloomberg.com)
15 days ago Texas

Document: SpaceX proposes a $55B investment to build a Terafab chip facility in Grimes County, Texas, with potential total capital expenditures reaching $119B (www.bloomberg.com)
15 days ago SpaceX Texas

Sources: Denver-based, Blue Owl Capital-owned Stack Infrastructure is considering selling all or some of its Asia data center operations in an up to $30B deal (www.bloomberg.com)
15 days ago Asia

Infineon expects data center revenue to grow from €1.5B in FY2026 to €2.5B in FY2027, as it and EU peers STMicro and NXP benefit from AI infrastructure demand (www.bloomberg.com)
15 days ago AI

Samsung reaches a $1T valuation, making it only the second Asian company after TSMC to hit the mark, after its stock rose 4x+ over the past year on the AI boom (www.bloomberg.com)
15 days ago Samsung AI

Sources: Alphabet sold its biggest-ever euro-denominated bonds, raising €9B, and its first Canadian dollar notes, raising CA$8.5B, months after raising $20B (www.bloomberg.com)
15 days ago Canada Alphabet

Match Group reports Q1 revenue up 4% YoY to $864M, vs. $855M est., as Tinder's new user registrations grew for the first time since 2024, up 1% (www.bloomberg.com)
15 days ago

Musk v. Altman: Greg Brockman testified about tense negotiations with Musk in 2017, saying “he knows rockets, he knows electric cars” but “does not know AI” (www.bloomberg.com)
15 days ago AI

Musk v. Altman: on his second day of testimony, Greg Brockman said that OpenAI expects to spend $50B on computing in 2026, up from $30M in 2017 (www.bloomberg.com)
15 days ago

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

Sources: Apple held exploratory talks with Intel and Apple executives visited a Samsung plant in Texas to explore producing core chips for its devices in the US (www.bloomberg.com)
16 days ago Intel Samsung Apple Texas

Sao Paulo-based Enter, which uses AI to handle litigation for companies like Airbnb, raised $100M led by Founders Fund at a $1.2B valuation (www.bloomberg.com)
16 days ago AI Airbnb

Anthropic unveils 10 new AI agents for the financial sector, including for drafting pitch decks, reviewing financial statements, and escalating compliance cases (www.bloomberg.com)
16 days ago AI

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