Articles from www.bloomberg.com

Articles from www.bloomberg.com

Nevis, which develops AI agents to automate wealth advisers' grunt work, raised a $35M Series A from Sequoia and others at a $200M valuation, after a $5M seed (www.bloomberg.com)
15 days ago AI

DeepSeek releases DeepSeek-V3.2 and DeepSeek-V3.2-Speciale, calling them “reasoning-first models built for agents”, after releasing V3.2-Exp in September (www.bloomberg.com)
15 days ago

South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; the country has a population of 51.7M (www.bloomberg.com)
16 days ago Korea

A look at ChatGPT's impact on US stocks three years after its release: AI mania revived Big Tech, making an already concentrated S&P 500 even more top heavy (www.bloomberg.com)
17 days ago AI

MediaTek's stock posted its best week since 2002, up 22%, amid enthusiasm over Google's Gemini 3 and chip deals; MediaTek was reported as Google's TPU partner (www.bloomberg.com)
18 days ago Google

Sources: Temasek is in talks to buy a ~5% stake in Quest Global, in a deal that values the engineering services company at $4.6B in the lead-up to its India IPO (www.bloomberg.com)
18 days ago India IPO

Meituan reports Q3 revenue up 2% to $13.4B and a $2.3B adjusted net loss, worse than $1.9B est., its first loss since 2022, amid a price war with JD and Alibaba (www.bloomberg.com)
18 days ago Alibaba

Nexperia warns customers face impending production halts and urges its Chinese unit to reengage, says it hadn't got “any meaningful response” despite outreach (www.bloomberg.com)
18 days ago China

China's top economic planning agency warns about the risk of a bubble forming in the booming humanoid robotics industry; 150+ manufacturers operate in China (www.bloomberg.com)
18 days ago China Robot

How Motorola, which spun out its struggling smartphone business in 2011, successfully refocused on critical communication equipment, giving it a $60B market cap (www.bloomberg.com)
18 days ago

Germany-based Quantum Systems, which sells surveillance drones that are being used by Ukraine, raised €180M, tripling its valuation to €3B since May (www.bloomberg.com)
18 days ago Germany Drone Ukraine Quantum

Reliance, Brookfield, and Digital Realty's joint venture Digital Connexion plans to invest $11B by 2030 to build a 1 GW data center in India's Visakhapatnam (www.bloomberg.com)
19 days ago India

Taiwanese prosecutors search Intel exec Lo Wen-jen's homes days after TSMC alleged he leaked sensitive info, suggesting the government is deepening its probe (www.bloomberg.com)
19 days ago Taiwan Intel

Alibaba starts selling Quark S1, its first smart glasses powered by its Qwen AI models, for ~$537 in China, and plans to release international versions in 2026 (www.bloomberg.com)
19 days ago China Alibaba AI

South Korean crypto exchange Upbit suspended deposits and withdrawals after saying $37M worth of Solana tokens were moved to an unauthorized external wallet (www.bloomberg.com)
19 days ago Korea

Dell, HP, and other tech companies are warning of potential memory-chip supply shortages in the coming year due to demand from the buildout of AI infrastructure (www.bloomberg.com)
19 days ago AI

S&P downgrades the ability of Tether's USDT to maintain its peg to the US dollar to “weak”, the lowest rating, citing exposure to high-risk assets such as BTC (www.bloomberg.com)
19 days ago Asset

In an October 7 letter, the Pentagon informed lawmakers that Alibaba, Baidu, and BYD should be added to a list of companies that aid the Chinese military (www.bloomberg.com)
20 days ago China Alibaba Pentagon

The EU says its regulators asked Shein for documents on measures to prevent the exposure of minors to inappropriate content and the circulation of illegal items (www.bloomberg.com)
20 days ago

Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (www.bloomberg.com)
20 days ago Mobile Arabia Saudi Arabia

A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth (www.bloomberg.com)
20 days ago China AI

Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea (www.bloomberg.com)
20 days ago Korea

Counterpoint: Apple is set to overtake Samsung as the world's largest smartphone maker for the first time since 2011, lifted by the success of iPhone 17 models (www.bloomberg.com)
20 days ago iPhone Samsung Apple

Japanese memory chipmaker Kioxia's stock falls 14%+ after a Bain Capital-backed entity sold $2.1B worth of shares at a discount, stoking AI valuation concerns (www.bloomberg.com)
20 days ago Japan AI

Some food bloggers warn Google's AI Overviews and AI food pics are burying their real, tested recipes, setting home cooks up for disaster this Thanksgiving (www.bloomberg.com)
20 days ago Google AI

Pony AI's Hong Kong-listed shares rose 6.7% after it said its Guangzhou operations had broken even per car, as it targets a 3,000+ global robotaxi fleet in 2026 (www.bloomberg.com)
20 days ago Hong Kong AI

HP reports Q4 revenue up 4% YoY to $14.6B, forecasts FY 2026 profit below est., and plans to cut 4,000-6,000 jobs through FY 2028; HPQ drops 5%+ after hours (www.bloomberg.com)
20 days ago 4Q

A US judge rules Kalshi's sports-betting contracts are subject to Nevada Gaming Commission enforcement; Kalshi argues they should be regulated only by the CFTC (www.bloomberg.com)
20 days ago CFTC

TikTok Shop expands into luxury retail, offering items such as Hermes' $11,000 handbags, primarily sold by secondhand resellers using AI to verify authenticity (www.bloomberg.com)
21 days ago Retail AI

TSMC files a trade secret lawsuit against Intel executive Lo Wen-jen, alleging a high likelihood he leaked secrets after a two-decade career at TSMC (www.bloomberg.com)
21 days ago Intel Career

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