Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: the Netherlands is prepared to drop the ministerial order that gave it control of Nexperia if China allows exports of its critical chips again (www.bloomberg.com)
2025-11-7 China Netherlands

Take-Two delays the release of GTA VI by six months to November 2026, reports Q2 net bookings up 33% YoY to $1.96B, vs. $1.72B est.; TTWO drops 8%+ after hours (www.bloomberg.com)
2025-11-7

Sam Altman says OpenAI doesn't want government guarantees for data centers and expects to fund investments with revenues hitting “hundreds of billions by 2030” (www.bloomberg.com)
2025-11-7

A US judge sentences Keonne Rodriguez, a co-founder of crypto mixer Samourai Wallet, to five years in prison for helping to launder hundreds of millions (www.bloomberg.com)
2025-11-7

Synchron, whose brain implant is inserted through the circulatory system, avoiding invasive brain surgery, raised a $200M Series D at a nearly $1B valuation (www.bloomberg.com)
2025-11-7

British Airways owner IAG signs a deal with SpaceX's Starlink for Wi-Fi across all five carriers in the airline group, making it available in 500+ aircraft (www.bloomberg.com)
2025-11-7 U.K. SpaceX

SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (www.bloomberg.com)
2025-11-6 SpaceX

Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (www.bloomberg.com)
2025-11-6

Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (www.bloomberg.com)
2025-11-6 AI

Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (www.bloomberg.com)
2025-11-6 AI

Rockstar says it fired dozens of staff last week due to “distributing and discussing confidential information in a public forum”, disputing union allegations (www.bloomberg.com)
2025-11-6

Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (www.bloomberg.com)
2025-11-6 iPhone

Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (www.bloomberg.com)
2025-11-6 China

Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (www.bloomberg.com)
2025-11-6

Shares of Pony.ai and WeRide fell as much as 15% in their Hong Kong trading debut; Pony.ai raised ~$863M in the secondary offering and WeRide raised ~$309M (www.bloomberg.com)
2025-11-6 Hong Kong AI

Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions (www.bloomberg.com)
2025-11-6 China

Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity (www.bloomberg.com)
2025-11-6 Snapchat Equity

Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, vs. $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ after hours (www.bloomberg.com)
2025-11-6

Sources: Apple plans to use a custom 1.2T-parameter Google Gemini model to help power the new Siri next year and will be paying Google ~$1B annually for it (www.bloomberg.com)
2025-11-6 Google Apple

Amazon opens a new 10,000-square-foot automated Whole Foods store in Pennsylvania partly staffed by robots; customers can scan and order items from the aisles (www.bloomberg.com)
2025-11-6 Amazon Robot

Sources: Apple plans to launch a low-cost laptop with an iPhone chip in H1 2026 to rival Chromebooks and entry-level Windows PCs for students and casual users (www.bloomberg.com)
2025-11-6 iPhone Apple

Reevo, which aims to use AI to help bring products to market, raised $80M, split across a $10M seed and $70M Series A led by Kleiner, at a $500M valuation (www.bloomberg.com)
2025-11-6 AI

Shein opens a store in Paris, its first physical outlet, on the top floor of the historic BHV Marais department store, as politicians and retailers protest it (www.bloomberg.com)
2025-11-6 Paris

Netherlands-based Nebius unveils Token Factory, a platform to let companies use open source AI models like GPT-oss, in a bid to compete with AWS and Azure (www.bloomberg.com)
2025-11-5 AI Netherlands

Wiz CEO Assaf Rappaport says the US DOJ concluded its review of Google's planned $32B acquisition; the FTC website dated the early termination to October 24 (www.bloomberg.com)
2025-11-5 Google

Singapore-based Video Rebirth, founded by Tencent AI veteran Liu Wei to develop AI video generation models, raised a $50M seed from Qiming, ActozSoft, and more (www.bloomberg.com)
2025-11-5 AI Tencent Singapore

A profile of Chen Zhi, chairman of Cambodian conglomerate Prince Holding Group, accused by the US and UK of stealing billions of dollars via online scam centers (www.bloomberg.com)
2025-11-5

Bitcoin dropped below $100K for the first time since June on Tuesday; ETH also fell as much as 15% on Tuesday, and many altcoins are down 50%+ this year (www.bloomberg.com)
2025-11-5 Bitcoin ETH

Amazon sent a cease-and-desist to Perplexity, demanding it to stop letting Comet make purchases on users' behalf, accusing it of computer fraud (www.bloomberg.com)
2025-11-5 Amazon

Super Micro reports Q1 revenue down 15% YoY to $5B, vs. $6.09B est., and forecasts Q2 profit below estimates; SMCI drops 9%+ after hours (www.bloomberg.com)
2025-11-5

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