Articles from www.bloomberg.com

Articles from www.bloomberg.com

Filing: Saudi Arabia's PIF sold ~17.3M Nintendo shares between August 21 to October 1, lowering its stake to 7.54%, despite an exec saying it wants to buy more (www.bloomberg.com)
2024-10-8 Arabia Nintendo Saudi Arabia

Samsung Electronics issues a rare apology for posting disappointing preliminary Q3 results and plans to review its organizational culture and processes (www.bloomberg.com)
2024-10-8 Samsung

US bankruptcy judge approves plan to repay FTX customers; in June FTX had $12.6B, which could rise to $16.5B; FTX is in talks with US over $1B+ in seized assets (www.bloomberg.com)
2024-10-8 Asset

SCOTUS rejects X's appeal over a secret DOJ search warrant from Special Counsel Jack Smith for records related to Donald Trump's Twitter account (www.bloomberg.com)
2024-10-8 Trump Twitter

A Ukrainian official says the country's hackers carried out a cyberattack that took down the online broadcasts of 20+ Russian broadcasters, including Rossiya 24 (www.bloomberg.com)
2024-10-7 Russia Ukraine

UN report: cyber crime syndicates raked in as much as $37B in 2023 and are growing in Myanmar, Cambodia, Laos, and across Southeast Asia despite police efforts (www.bloomberg.com)
2024-10-7 Asia Southeast Asia Cambodia

SportQuake: crypto companies have spent a record of almost £130M on Premier League sponsorship deals for the 2024/25 season, buoyed by tighter gambling rules (www.bloomberg.com)
2024-10-7

Sources: Apple plans to launch iOS 18.1 and Apple Intelligence on Oct. 28 and announce new Macs and an iPad mini in late Oct., with shipments starting on Nov. 1 (www.bloomberg.com)
2024-10-7 IOS Apple Intelligence iPad

Cyber Crimes Center, a division of the US DHS, says it has disrupted 500+ ransomware attacks and seized $4.3B in crypto since 2021, including $180M last year (www.bloomberg.com)
2024-10-5

Coinbase says it will delist all unauthorized stablecoins, like Tether's USDT, from its exchange in the EEA by 2024's end, to comply with the EU's MiCA rules (www.bloomberg.com)
2024-10-5 Coinbase

Sources: Tencent and Ubisoft's founding Guillemot family are considering options including a buyout of Ubisoft after it lost 50%+ of its market value this year (www.bloomberg.com)
2024-10-5 Tencent

Meta announces Movie Gen, which creates videos up to 16 seconds long based on a text prompt; Meta plans to make it available on its apps in 2025 (www.bloomberg.com)
2024-10-4

Robinhood plans to debut margin trading in UK in the coming weeks; it is exploring offering retirement products and letting British users invest in UK stocks (www.bloomberg.com)
2024-10-4 U.K.

CCData: Binance's share of digital asset trading volume fell to 36.6% in September, down from 42.7% at the start of 2024, the lowest level in four years (www.bloomberg.com)
2024-10-4 Asset

The US and Microsoft seize 107 websites used by Russian intelligence agents and their proxies in the US operating under Star Blizzard, a group active since 2016 (www.bloomberg.com)
2024-10-4 Russia Microsoft Intelligence

Sources: Apple is planning a new iPad mini, possibly for 2024, and nearing production of an iPhone SE without a home button and iPad Air models for early 2025 (www.bloomberg.com)
2024-10-4 iPhone Apple iPad

How Sam Altman concentrated his power at OpenAI since he was fired and rehired 11 months ago; sources: burnout has become a key issue for some employees (www.bloomberg.com)
2024-10-4

Zepz, the money transfer service formerly called WorldRemit and valued at $5B in 2021, raised $267M to fund an expansion in its core African markets and beyond (www.bloomberg.com)
2024-10-4 Africa

PayPal completes its first business payment using its proprietary PYUSD stablecoin, paying an E&Y invoice on September 23 via SAP's digital currency hub (www.bloomberg.com)
2024-10-3

Analysis: Nvidia execs and directors have sold nearly 11M shares, worth $1.8B+, in 2024 so far, the most since at least 2020; there are 24.5B outstanding shares (www.bloomberg.com)
2024-10-3 Nvidia

Gurbir Grewal, the US SEC's top enforcement official since 2021, who oversaw 2,400+ enforcement actions and the crypto crackdown, plans to leave on October 11 (www.bloomberg.com)
2024-10-3

How chips made by US companies like Analog Devices, Germany's Infineon, and others helped power a Russian missile used in Ukraine, despite US export controls (www.bloomberg.com)
2024-10-3 Russia Germany Ukraine

Dogecoin has become surprisingly popular among businesses looking to accept crypto for real-world purchases, largely due to the memecoin's low transaction costs (www.bloomberg.com)
2024-10-3

PitchBook: Q3 US VC investments rose 8% YoY to $37.9B across 3,777 deals; AI firms got 36% of deal value and 27% of deal count in the first nine months of 2024 (www.bloomberg.com)
2024-10-3 AI

Sources: Google teams in recent months have made progress on AI reasoning models, akin to OpenAI's o1; source: some at DeepMind are worried about falling behind (www.bloomberg.com)
2024-10-3 Google AI

Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation (www.bloomberg.com)
2024-10-3 AI

Sources: OpenAI has completed a deal to raise over $6.5B in new funding led by Thrive Capital, giving it a $150B+ valuation (www.bloomberg.com)
2024-10-3

Sources: in recent months, Google teams have made progress on AI reasoning, similar to OpenAI's o1; source: some in DeepMind are worried over falling behind (www.bloomberg.com)
2024-10-2 Google AI

AI contact center startup Crescendo raised $50M from General Catalyst and others at a $500M valuation, and acquired Idaho-based outsourcing company PartnerHero (www.bloomberg.com)
2024-10-2 Startup AI

Filing: Hong Kong stock exchange executive Yang Qiumei received a 20% stake in SenseTime, worth $1.5B, from her late husband, making her its largest shareholder (www.bloomberg.com)
2024-10-2 Hong Kong

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