Articles from www.bloomberg.com

Articles from www.bloomberg.com

The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024 as companies accelerate spending chasing AI (www.bloomberg.com)
2024-11-1 Amazon Microsoft AI Alphabet

Istanbul-based Insider, which offers AI-powered marketing and customer engagement tools, raised a $500M Series E led by General Atlantic, plans a US expansion (www.bloomberg.com)
2024-11-1 AI

Ex-Lacework CEO and Facebook's former global head of engineering Jay Parikh joins Microsoft's senior leadership team and will report directly to Satya Nadella (www.bloomberg.com)
2024-11-1 Microsoft Facebook

Sources: Waymo was valued at more than $45B, after it raised $5.6B last week, led by Alphabet (www.bloomberg.com)
2024-11-1 Alphabet

OpenAI unveils ChatGPT Search to let paid users search for timely information using GPT-4o, after testing the feature in July 2024, a direct challenge to Google (www.bloomberg.com)
2024-11-1 Google

A profile of Pepijn Van der Stap, a Dutch cyber prodigy who stole thousands of companies' data while also doing legitimate cybersecurity and is now in prison (www.bloomberg.com)
2024-11-1 Netherlands

Roblox reports Q3 revenue up 29% YoY to $919M, bookings up 34% YoY to $1.1B, above $1B est., and DAUs up 27% YoY to 88.9M; RBLX jumps 20%+ pre-market (www.bloomberg.com)
2024-11-1

Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield (www.bloomberg.com)
2024-10-31

Peloton names Ford executive Peter Stern as CEO, starting January 1, to lead its turnaround, and projects Q2 subscriber numbers below analyst estimates (www.bloomberg.com)
2024-10-31 Ford

A profile of Pepijn van der Stap, a Dutch prodigy who hacked thousands of companies' data while also doing legitimate cybersecurity work and is now in prison (www.bloomberg.com)
2024-10-31 Netherlands

Amazon's threat intel unit is making a name for itself after years in the shadows, including disrupting Anonymous Sudan and combating anti-US disinformation (www.bloomberg.com)
2024-10-31 Amazon Intel

Ubisoft reports Q2 net bookings down 36% YoY to €352.3M, vs. €368M est., and expects Q3 net bookings of €380M, down from €626M in Q3 2023, as its big games flop (www.bloomberg.com)
2024-10-31

STMicro reports Q3 net revenue down 25% YoY to $3.25B and expects FY 2024 revenue to fall 25% YoY to ~$13.27B, at the lower end of its $13.2B to $13.7B forecast (www.bloomberg.com)
2024-10-31

Analysis: Taiwan has become Asia's best performing major stock market in 2024 thanks to TSMC and others, which make almost all of the critical AI hardware (www.bloomberg.com)
2024-10-31 Taiwan Asia AI

Many long-time game workers are ditching large productions in favor of smaller teams, enabled by growing accessibility of Unreal Engine and other powerful tools (www.bloomberg.com)
2024-10-31

South Korean government data: semiconductor production fell 3% YoY in September 2024, the first decline in 14 months, indicating slowing demand for memory chips (www.bloomberg.com)
2024-10-31 Korea

Source: Amazon's target deadline to unveil AI-upgraded Alexa has moved into 2025, after documents showed Amazon planned to unveil the product on Oct. 17, 2024 (www.bloomberg.com)
2024-10-31 Amazon AI

Siemens agrees to buy engineering software company Altair for ~$10B including debt, a 19% premium on Altair's October 21 closing price; deal to close in H2 2025 (www.bloomberg.com)
2024-10-31 Siemens

Sources: the European Commission plans to open formal DSA proceedings against Temu over concerns the platform is failing to curb the sale of illegal products (www.bloomberg.com)
2024-10-31 Europe

A profile of US voting machine maker Clear Ballot, which helps officials check paper ballots via its app, as Elon Musk spreads conspiracy theories about hacking (www.bloomberg.com)
2024-10-30 Elon Musk Conspiracy

UK filings: Stability AI co-founder and ex-CEO Emad Mostaque has given up his controlling shares in the startup; Mostaque owned 75%+, per previous filings (www.bloomberg.com)
2024-10-30 Startup AI

Visa and Coinbase partner to let eligible US and EU users deposit funds into their Coinbase accounts, sometimes instantly; Visa powers the Coinbase debit card (www.bloomberg.com)
2024-10-30 Coinbase

PlayStation shutters Firewalk, which released shooter game Concord earlier in 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs (www.bloomberg.com)
2024-10-30 Mobile

Circle raises its fees to 0.03%+ per transaction for near-instant USDC redemptions above $2M; CoinGecko: USDC's market circulation is $35B, below USDT's $123B (www.bloomberg.com)
2024-10-30

Trump Media & Technology Group's stock rose 8.8% on Oct. 29, pushing its five-week rally to 324%, adding $7.9B+ in market cap; Trump's stake is now worth ~$6B (www.bloomberg.com)
2024-10-30 Trump

Samsung's stock has dropped 32% from its 2024 peak on July 9, cutting $122B off its market cap, more than any other chipmaker worldwide on AI and foundry woes (www.bloomberg.com)
2024-10-30 Samsung AI

Microsoft says Russian hackers have sent “highly targeted spearphishing emails” to thousands of US officials, defense workers, and others in a phishing campaign (www.bloomberg.com)
2024-10-30 Russia Microsoft

Research: China's industrial policy to make the nation a leader in emerging technologies has largely been a success, despite US efforts to contain the country (www.bloomberg.com)
2024-10-30 China

PayPal reports Q3 net revenue up 6% YoY to $7.9B, below est., total payments volume up 9% YoY to $422.6B, above $421.6B est., and projects Q4 revenue below est. (www.bloomberg.com)
2024-10-30 4Q

Barcelona-based brain-computer interface startup Inbrain, which plans to work with graphene, raised $50M led by Imec.xpand and plans a trial of 10 patients (www.bloomberg.com)
2024-10-29 Startup

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