Articles from www.bloomberg.com

Articles from www.bloomberg.com

Dominion Energy says data center power demand in Virginia, home to Data Center Alley, almost doubled in H2 2024, rising to 40.2 gigawatts in December 2024 (www.bloomberg.com)
2025-2-13 Energy Virginia

DeepSeek signals India's last chance to back foundational tech via state-funded research, as its private sector remains too risk-averse to lead AI innovation (www.bloomberg.com)
2025-2-13 India AI

At the World Government Summit in Dubai, Alibaba Chairman Joe Tsai said Apple will use the Chinese tech giant's AI technology on iPhones sold in China (www.bloomberg.com)
2025-2-13 China Alibaba AI Apple Dubai

Sources: Thoma Bravo-backed enterprise security software company SailPoint raised $1.38B in an upsized IPO at $23 per share, giving it a $12.8B market cap (www.bloomberg.com)
2025-2-13 IPO

Filing: OpenAI says Musk's $97.4B bid contradicts his claims, made in the lawsuit against OpenAI, that its assets can't be “transferred away” for “private gain” (www.bloomberg.com)
2025-2-13 Asset

Robinhood reports Q4 revenue up 115% YoY to $1.01B, vs. $940.8M est., crypto transaction revenue up 700%+ to $358M, above est.; HOOD jumps 10%+ after hours (www.bloomberg.com)
2025-2-13 4Q

Sources: Apple will unveil an Android app for Apple TV+ as early as Wednesday as it looks to boost subscriptions and compete with Netflix and Disney+ (www.bloomberg.com)
2025-2-13 Android Apple Netflix

Google CEO Sundar Pichai says quantum computers that are “practically useful” are five to 10 years away, and quantum “reminds me of where AI was in the 2010s” (www.bloomberg.com)
2025-2-13 Google AI Quantum

In Q4, Meta tweaked its depreciation accounting for AI infrastructure, extending it from 4-5 to 5.5 years, cutting expenses by $2.9B in 2025 and boosting profit (www.bloomberg.com)
2025-2-13 AI 4Q

A profile of Oura CEO Tom Hale, who joined the Finnish smart ring maker in 2022, as it broadens its appeal and reaches $500M in 2024 revenue and profitability (www.bloomberg.com)
2025-2-12 Finland

Analysis of credit and debit card data: Shein's US sales fell 16% to 41% for five days from February 5 and Temu fell up to 32% after Trump targets China trade (www.bloomberg.com)
2025-2-12 Trump China

Elon Musk's bid for OpenAI's nonprofit is top-tier M&A trolling as it complicates OpenAI's fundraising by likely altering the cost of equity for new investors (www.bloomberg.com)
2025-2-12 Elon Musk Equity

Central African Republic, the first in Africa to adopt Bitcoin as tender, launches CAR MEME on Solana, which traded at $0.03 on Feb. 11, down ~90% since launch (www.bloomberg.com)
2025-2-12 Bitcoin Africa

A White House document sent to Capitol Hill shows President Trump plans to nominate Brian Quintenz, a16z Crypto's head of policy, to lead the CFTC (www.bloomberg.com)
2025-2-12 Trump CFTC

Apple is renaming the Gulf of Mexico to Gulf of America on its Maps app, following Google, first for users in the US and soon for all users globally (www.bloomberg.com)
2025-2-12 U.S. Mexico Google Apple

The bid for OpenAI's nonprofit is top-tier M&A trolling by Musk, as it complicates OpenAI's fundraising by likely altering the cost of equity for new investors (www.bloomberg.com)
2025-2-12 Equity

Anduril plans to assume management and eventual manufacturing of the US Army's infantry goggles from Microsoft, in an up to $20B deal that the Army must approve (www.bloomberg.com)
2025-2-12 Microsoft Manufacturing

Sardine, which offers fraud-fighting AI agents for enterprises, raised a $70M Series C led by Activant Capital, valuing the company at $660M (www.bloomberg.com)
2025-2-12 AI

Dublin-based Tines, which uses AI to automate tasks in cybersecurity and other business operations, raised $125M at a $1.13B valuation, up from $600M in 2024 (www.bloomberg.com)
2025-2-12 AI

Shopify reports Q4 revenue up 31% YoY to $2.8B, above $2.73B est., GMV up 26% YoY to $94.5B, a $465M operating loss, and 2024 revenue up 26% YoY to $8.9B (www.bloomberg.com)
2025-2-11 4Q Shopify

Documents: Spotify co-founders Daniel Ek and Martin Lorentzon sold 2.5M+ shares in 2024, netting ~$1B, the highest sales since 2019, and now own ~16% of Spotify (www.bloomberg.com)
2025-2-11 Spotify

Tencent's Supercell reports 2024 revenue up 77% YoY to almost $3B from its six titles and EBITDA up ~77% to $900M+; Squad Busters made $100M+ in revenue (www.bloomberg.com)
2025-2-11 Tencent

A profile of Tom Krause, the CEO of Cloud Software Group, which runs government software security company Citrix, as he works with DOGE to cut federal staff (www.bloomberg.com)
2025-2-11

Huawei's Watch D2 sees a sales bump in China after users discovered it can be registered as a medical device, allowing it to be purchased via medical insurance (www.bloomberg.com)
2025-2-11 China Insurance

Cybereason CEO sues investors Steven Mnuchin and SoftBank Vision Fund, accusing them of putting Cybereason at risk of bankruptcy by blocking fund raising plans (www.bloomberg.com)
2025-2-11

Sources: late on Friday night DOGE staffers gained access to all of the CFPB's data systems, which hold confidential info potentially pertaining to X's rivals (www.bloomberg.com)
2025-2-11

Google DeepMind CEO Demis Hassabis says DeepSeek's $6M training cost claim is “exaggerated and a little bit misleading” and a “fraction of the total cost” (www.bloomberg.com)
2025-2-11 Google

Google, OpenAI, Roblox, and Discord raised $27M+ to provide free, open-source tools for improving child safety online, called Robust Open Online Safety Tools (www.bloomberg.com)
2025-2-11 Google

Taiwanese government data: exports to Mexico surged 479% YoY to $2.7B in January 2025, led by GPU shipments, as Foxconn, Wistron, and more build fabs in Mexico (www.bloomberg.com)
2025-2-10 Mexico Taiwan

A look at Delivery Hero, profitable since late 2023, as it focuses on the Middle East and Asia while cutting costs and shedding units across 70+ countries (www.bloomberg.com)
2025-2-10 Asia

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