Articles from www.bloomberg.com

Articles from www.bloomberg.com

DoorDash launches Tasks, a new app that pays delivery couriers in some markets to submit video clips and complete other tasks for training AI models (www.bloomberg.com)
17 days ago AI

OpenAI agrees to acquire Astral, which makes Python tools for developers, to integrate its team into Codex, and says Codex has 2M+ users, up 3x since January (www.bloomberg.com)
17 days ago

The UN-backed World Happiness Report says passively consuming algorithmic social media hurts teens' mental health, disproportionately affecting girls (www.bloomberg.com)
17 days ago

TechInsights: chip manufacturing emissions will climb by ~33% to 247M metric tons of carbon dioxide equivalent by 2030, roughly equivalent to Algeria in 2024 (www.bloomberg.com)
17 days ago Manufacturing

Alibaba reports Q3 revenue up 2% YoY ~$41.3B, below ~$42B est., and net income down 67% YoY to ~$2.4B, as it seeks to monetize its expensive AI push (www.bloomberg.com)
17 days ago Alibaba AI

CISA warns US companies to follow Microsoft's recommendations for fortifying Intune, a tool to manage staff access, after a cyberattack on Stryker last week (www.bloomberg.com)
17 days ago Microsoft

Democratic voters in Illinois rejected most candidates supported by the crypto and AI industries, marking an unexpected defeat after industry PACs spent $18M+ (www.bloomberg.com)
17 days ago AI

Micron reports Q2 revenue up 196% YoY to $23.9B, vs. $19.7B est., expects 2026 capex to exceed $25B, vs. $22.4B est., and forecasts Q3 revenue above estimates (www.bloomberg.com)
17 days ago

Sources: Polymarket is looking to hire a chief risk officer following a CFTC demand; the company has expanded its legal team in recent months (www.bloomberg.com)
18 days ago CFTC

Sources: Fluidstack withdraws from a €10B, 1GW AI data center project in Bosquel, France, and a Mistral-linked project in Paris, as it pivots toward the US (www.bloomberg.com)
18 days ago France AI Paris

The EU unveils EU Inc., a single bloc-wide incorporation regime that it says takes 48 hours, to help European startups compete with US and Chinese rivals (www.bloomberg.com)
18 days ago China Europe Startup

Xbow, which uses AI to probe apps for security vulnerabilities, raised $120M led by DFJ Growth and Northzone at a $1B+ valuation, and reports 100+ clients (www.bloomberg.com)
18 days ago AI

China's Chengdu says Tim Cook attended Apple's 50th anniversary event in the city; state media called for Apple to fix its “monopolistic” App Store practices (www.bloomberg.com)
18 days ago China Apple Tim Cook

Tencent reports Q4 revenue up 13% YoY to ~$28.3B, vs. ~$28.2B est., its fifth quarter of double-digit growth, driven by gaming and ads, as it bets on agentic AI (www.bloomberg.com)
18 days ago AI Tencent 4Q

Samsung and AMD sign a preliminary deal for Samsung to supply its next-gen HBM4 for AMD's MI455X accelerators, used in data centers, and DDR5 for AMD's Helios (www.bloomberg.com)
18 days ago Samsung AMD

Alibaba raises prices for its T-Head AI computing chips, including the Zhenwu 810E, by 5% to 34%, and its Cloud Parallel File Storage by 30%, after demand soars (www.bloomberg.com)
18 days ago Alibaba AI

Samsung says it is considering a shift toward multi-year contracts for memory chips that may help stabilize supply and ease concerns about a shortage (www.bloomberg.com)
18 days ago Samsung

AI drone software company Swarmer closed up 520% in its Nasdaq debut, valuing it at $380M+; its tech has been deployed in 100K+ combat missions in Ukraine (www.bloomberg.com)
18 days ago AI Drone Ukraine

Sources: a JPMorgan-led bank group halted a $5.3B debt deal for Qualtrics, whose existing $1.5B loan trades at 86 cents on the dollar, on weak investor interest (www.bloomberg.com)
18 days ago JPMorgan

Brian Lynch, Apple's senior director in charge of home devices since 2022, leaves for Oura, a setback for a unit already contending with product delays (www.bloomberg.com)
18 days ago Apple

SEC and CFTC issue guidance on which digital assets are securities, carving out stablecoins, digital collectives, and digital commodities as non-securities (www.bloomberg.com)
18 days ago Commodity Asset CFTC

Meta says Quest users will lose access to Meta Horizon Worlds on the headsets on June 15; access will continue on the Meta Horizon mobile app (www.bloomberg.com)
18 days ago Mobile

NetBlocks and Kentik: Iran further restricted what little internet connectivity remained, in a bid to curb VPNs, ahead of the Festival of Fire tied to protests (www.bloomberg.com)
19 days ago Iran

Baidu is integrating OpenClaw with its Xiaodu devices to work as voice-controlled remotes, as it seeks to catch up with Tencent and Alibaba in the AI race (www.bloomberg.com)
19 days ago Alibaba AI Tencent

Qualcomm says it plans to buy back another $20B worth of shares and is raising its quarterly cash dividend, after unveiling a $15B buyback in November 2024 (www.bloomberg.com)
19 days ago

Enterprise AI automation startup Standard Template Labs raised a $49M seed co-led by Iconiq and CRV, a source says at a $300M post-money valuation (www.bloomberg.com)
19 days ago Startup AI

Amsterdam-based Nebius plans to raise ~$3.75B in convertible debt to fund its data center expansion and to purchase customized AI chips, after its Meta deal (www.bloomberg.com)
19 days ago AI

Darton Commodities: the global cobalt shortage is set to persist through 2030, after Congo limited exports in 2025; the DRC accounts for 70%+ of global supply (www.bloomberg.com)
19 days ago Commodity

SK Group Chair Chey Tae-won says memory chip makers are expanding capacity but are unlikely to match demand until around 2030; basic wafer supply lags by 20%+ (www.bloomberg.com)
19 days ago

The UK plans to spend £1B+ on quantum computing research over four years, including funding companies in pharmaceuticals, financial services, and energy (www.bloomberg.com)
19 days ago Energy Quantum

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