Articles from www.bloomberg.com

Articles from www.bloomberg.com

SoftBank-backed Spotter, which fronts cash to YouTubers for a cut of revenue, is facing significant challenges due to YouTube's shift toward Shorts, and more (www.bloomberg.com)
2025-6-19 YouTube

White House crypto and AI czar David Sacks says China has grown adept at evading US export controls and is at most two years behind US chip design capabilities (www.bloomberg.com)
2025-6-19 China AI

Scale AI's rivals like Snorkel AI, Labelbox, and Turing report rising interest from clients concerned about Scale's independence after Meta's $14.3B investment (www.bloomberg.com)
2025-6-19 AI

Texas Instruments plans to spend $60B+ on US semiconductor plants, including two new factories in Texas, and says its long-term spending plan remains unchanged (www.bloomberg.com)
2025-6-19 Texas

Sources: Microsoft plans to announce thousands of job cuts, particularly in sales, early next month after the end of its fiscal year (www.bloomberg.com)
2025-6-19 Microsoft

OpenAI says it is phasing out its work with Scale AI, in which Meta invested billions; Scale accounted for a small fraction of OpenAI's overall data needs (www.bloomberg.com)
2025-6-19 AI

Intel names new engineering leadership, appointing Srinivasan Iyengar, Jean-Didier Allegrucci, and Shailendra Desai, as part of CEO Lip-Bu Tan's turnaround (www.bloomberg.com)
2025-6-19 Intel

Xreal One Pro review: the impressive new $649 AR glasses resemble normal spectacles at a distance and excel as a high-def external display for PCs and phones (www.bloomberg.com)
2025-6-18 AR

UBS confirms data was stolen in a cyberattack on supplier Chain IQ, which said it and 19 other companies were targeted; Swiss media says it impacts 130K+ staff (www.bloomberg.com)
2025-6-18 Switzerland

The European Commission accuses Chinese marketplace AliExpress of failing to tackle illegal products on its platform, in preliminary findings under the DSA (www.bloomberg.com)
2025-6-18 China Europe

JD.com founder Richard Liu calls the past five years the company's “darkest period” and vows to speed up overseas expansion and challenge Meituan in new areas (www.bloomberg.com)
2025-6-18

How Walmart plans to leverage its $2.3B Vizio acquisition to push shoppable TV experiences; Walmart's ad business had just $4.4B of sales in FY 2025 (www.bloomberg.com)
2025-6-18 Walmart

Sources: xAI is burning through $1B/month and expects to burn through ~$13B in 2025; revenues are expected to be just $500M this year, rising to $2B+ next year (www.bloomberg.com)
2025-6-18

X sues New York, claiming a law requiring social media companies to disclose how they deal with hate speech and disinformation violates the US Constitution (www.bloomberg.com)
2025-6-18 New York

Sports data company Teamworks raised a $235M Series F led by Dragoneer at a $1B+ valuation; its tech is used by 6.5K+ sports teams including all NFL teams (www.bloomberg.com)
2025-6-18

Salesforce says it will increase prices on many products in August, including Slack; major product lines will see a 6% increase on average (www.bloomberg.com)
2025-6-18 Salesforce Slack

Sources: Elon Musk's xAI is in talks to raise $4.3B via an equity investment on top of the $5B it has recently been trying to borrow from debt investors (www.bloomberg.com)
2025-6-18 Elon Musk Equity

Self-driving simulation software maker Applied Intuition raised $600M co-led by BlackRock and Kleiner Perkins at a $15B valuation, up from $6B in March 2024 (www.bloomberg.com)
2025-6-17

China's MiniMax open sources MiniMax-M1, a model to handle complicated productivity tasks that supports 1M input tokens and it says surpasses DeepSeek's R1-0528 (www.bloomberg.com)
2025-6-17 China

Tinder unveils Double Date, bringing the double dating feature back to the US after shelving it in 2017 over privacy concerns, rolling out globally in July (www.bloomberg.com)
2025-6-17

The US Senate's draft tax bill would raise the CHIPS Act's tax credit for semiconductor factories from 25% to 30% until the tax break expires at the end of 2026 (www.bloomberg.com)
2025-6-17 Tax Senate

Juniper Square, which offers investment management and fund administration tools for real estate, PE, VC firms, raised $130M led by Ribbit at a $1.1B valuation (www.bloomberg.com)
2025-6-17 Private Equity Venture Capital

A whistleblower provides nonpublic data revealing that 1M+ 2FA SMS messages from June 2023 passed via Fink Telecom, a small Swiss company linked to spy agencies (www.bloomberg.com)
2025-6-16 Switzerland

Chinese state media: researchers successfully implanted a brain-computer interface in a tetraplegia patient in March, the second country after the US to do so (www.bloomberg.com)
2025-6-16 China

TikTok rolls out new AI ad features, including the ability for marketers to use text or images to create AI-generated video, as part of its Symphony ad suite (www.bloomberg.com)
2025-6-16 AI

In March, New York added a checkbox to its WARN system for companies to show if “technological innovation or automation”, like AI, was a reason for mass layoffs (www.bloomberg.com)
2025-6-16 AI Layoffs New York

A look at Apple's upgrades to CarPlay, iPadOS, and visionOS, and the new Liquid Glass redesign of its operating systems announced at WWDC (www.bloomberg.com)
2025-6-16 Apple

Amazon plans to invest ~$13B in Australia from 2025 to 2029 to develop its data center infrastructure, as demand for cloud computing and AI grows in the country (www.bloomberg.com)
2025-6-15 Australia Amazon AI

Statista: the global influencer marketing industry is projected to grow 36% between 2024 and 2025, reaching $33B, as brands tighten overall ad budgets (www.bloomberg.com)
2025-6-15

Taiwan imposes export controls on Huawei, SMIC, and some of their subsidiaries, restricting their access to tech and equipment necessary for AI chip production (www.bloomberg.com)
2025-6-15 Taiwan AI

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