Articles from www.bloomberg.com

Articles from www.bloomberg.com

Chinese stocks rally on August 22, driven by gains in local chipmakers Cambricon and Hygon, after Nvidia reportedly halts the production for its H20 chips (www.bloomberg.com)
2025-8-22 China Nvidia

Sources: Meta has poached Frank Chu, an Apple exec who led AI teams focused on cloud infrastructure, training and search, despite Meta's plans to slow hiring (www.bloomberg.com)
2025-8-22 AI Apple

Clothing subscription service Rent the Runway gives up around 86% ownership to three lenders in exchange for $240M+ in debt relief and $20M in fresh financing (www.bloomberg.com)
2025-8-22

Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours (www.bloomberg.com)
2025-8-22

Trump signs an EO creating the National Design Studio to improve “websites and physical sites”; sources say he's tapping Airbnb co-founder Joe Gebbia to lead it (www.bloomberg.com)
2025-8-22 Trump Airbnb

a16z hires Anne Neuberger, formerly a senior cybersecurity official in the Biden White House, as a senior adviser to work on “American Dynamism, AI, and cyber” (www.bloomberg.com)
2025-8-22 U.S. AI

Sources: Anthropic is in talks to raise $10B, significantly above the previously reported $5B, due to strong investor demand (www.bloomberg.com)
2025-8-22

Interviews with three Google executives on the new Pixel phones, why Pixel won't ever be a “giant player”, improving the devices by ~30% each year, AI, and more (www.bloomberg.com)
2025-8-22 Google AI

Sources: Take-Two lays off 80 staff at BioShock studio Cloud Chamber, or ~33% of its 250 staff, and delays the next BioShock game to late 2026 or early 2027 (www.bloomberg.com)
2025-8-21

DeepSeek details V3.1 and says it surpasses R1 on key benchmarks and is customized to work with next-gen Chinese-made AI chips, after unveiling it on August 19 (www.bloomberg.com)
2025-8-21 China AI

SpaceX inks Alaska Air deal for Starlink in-flight Wi-Fi; sources say it is courting Middle Eastern airlines in a potential watershed against legacy operators (www.bloomberg.com)
2025-8-21 SpaceX

Analysis: Baidu's stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns (www.bloomberg.com)
2025-8-21 AI

A US judge sentences Noah Urban, a member of Scattered Spider, to 10 years in prison in connection with a string of major hacks and cryptocurrency thefts (www.bloomberg.com)
2025-8-21 Cryptocurrency

Microsoft says it curtailed Chinese companies' access to advance vulnerability notifications via MAPP starting in July, after probing the SharePoint breach (www.bloomberg.com)
2025-8-21 China Microsoft

Sources: Oracle is on the hook for tens of billions to build unprecedentedly large data centers, including $1B per year on a gas-powered megasite in West Texas (www.bloomberg.com)
2025-8-20 Oracle Texas

Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (www.bloomberg.com)
2025-8-20 Intel

Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most (www.bloomberg.com)
2025-8-20 Startup

Canva launches employee stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (www.bloomberg.com)
2025-8-20

Memo: Meta restructures Superintelligence Lab; Alexandr Wang heads TBD Lab, Robert Fergus heads FAIR, Nat Friedman heads products, Aparna Ramani heads Infra (www.bloomberg.com)
2025-8-20

Google proposes Play Store changes in the EU, like making it easier for developers to direct users to websites and a new tiered fee structure, after EU scrutiny (www.bloomberg.com)
2025-8-20 Google

DeepSeek releases V3.1, adding a longer context window, with few other details; Chinese local media blames CEO Liang Wenfeng's perfectionism for R2's delay (www.bloomberg.com)
2025-8-19 China

Xiaomi reports Q2 revenue up 31% YoY to $16.2B, above ~$16B est., and net income up 75.4% to ~$1.6B driven by EV sales, as its smartphone business slows down (www.bloomberg.com)
2025-8-19 Xiaomi

Sources: Apple is making all four iPhone 17 models in India ahead of debut, a first, as it expands to five factories to cut reliance on China for US-bound units (www.bloomberg.com)
2025-8-19 China India iPhone Apple

Source: Oracle Chief Security Officer Mary Ann Davidson, who joined in 1988 and became the company's first CSO, is leaving as part of a recent reorganization (www.bloomberg.com)
2025-8-19 Oracle

Sources: the Trump administration is in discussions to take a stake of ~10% in Intel, converting some or all of Intel's $10.9B CHIPS Act grants into equity (www.bloomberg.com)
2025-8-19 Trump Intel Equity

Sources: Meta may debut “Hypernova” smart glasses with a display for ~$800 in September; Apple delays releasing immersive video shot around Vision Pro's debut (www.bloomberg.com)
2025-8-19 Apple

SoftBank buys Foxconn's Ohio EV plant; Foxconn will produce AI servers at the plant as part of Softbank's $500B Stargate project with OpenAI and Oracle (www.bloomberg.com)
2025-8-18 AI Oracle

Interview with Trent Brunson, R&D director at cybersecurity firm Trail of Bits, which won $3M and 2nd place in DARPA's AI Cyber Challenge, behind Team Atlanta (www.bloomberg.com)
2025-8-18 Interview AI

Sources: Apple slow-walks immersive content it shot around the launch of Vision Pro; Meta may launch “Hypernova” smart glasses with display for ~$800 next month (www.bloomberg.com)
2025-8-18 Apple

A look at the problems at Uber Freight, which has posted operating losses every year since it was founded in 2017, except for 2022, and just appointed a new CEO (www.bloomberg.com)
2025-8-17 Uber

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