Paige Smith / Bloomberg: PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.7B, missing est.; PYPL falls 15% pre-market — PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations.
Newley Purnell / Bloomberg: Uber rolls out its service in the Chinese gambling hub of Macau, its first new entry to an Asian market for years; Uber sold its China business to Didi in 2016 — Uber Technologies Inc. is rolling out its ride hailing service in the Chinese gambling hub of Macau, expanding into a new Asian market for the first time in years.
Bloomberg: Sources: SpaceX is in advanced talks to combine with xAI and they have informed some of their investors, as Elon Musk moves quickly to consolidate his empire — Elon Musk is in advanced talks to combine SpaceX with xAI, according to people familiar with the matter, as the billionaire moves quickly to consolidate his empire.
Abhishek Vishnoi / Bloomberg: Taiwan hits a 21.06% weight in the MSCI Emerging Markets Index, surpassing China's 20.93%, the first time since July 2007, boosted by AI-linked local companies — Taiwan has overtaken China as the market with the top weighting in a key emerging-markets stock index for the first time in nearly two decades …
Bloomberg: Nomura: total returns for software debt in collateralized loan obligations have been lower than all other sectors in 2026, amid fears about AI's impact on SaaS — Amid broad euphoria in credit markets, one type of debt is facing growing fear. — Software companies, larded up with debt …
Bloomberg: Bitcoin has fallen to ~$78K, down ~7% in 24 hours, over 12% in the past week, and down ~37% since its ATH in Oct. 2025; Ethereum dropped ~18% in the past week — Bitcoin fell sharply in early Saturday afternoon trading in New York, tumbling below $80,000 mark to hit levels last seen in April 2025.
Bloomberg: Taiwan's GDP rose 12.68% in Q4 2025, its fastest quarterly growth since 1987; full-year GDP grew 8.63%, topping the 7.5% forecast on AI demand for tech products — Taiwan's economy expanded at the quickest pace for a quarter since 1987, propelled by unquenchable demand for the tech goods needed to develop AI.
Natasha Mascarenhas / Bloomberg: A look at South Park Commons, the VC firm behind a startup community focusing on idea exploration over immediate business plans, as it aims to raise $500M — The investors at South Park Commons realize there are a lot of places that promising founders can go for help when they're starting companies.
Dave Sebastian / Bloomberg: Filing: Chinese chip designer Montage plans to raise up to ~$902M in a Hong Kong IPO; Montage's Shanghai-listed shares rose 100%+ in 2025 to a ~$27B valuation — Chinese chip designer Montage Technology Co. is seeking to raise as much as HK$7 billion ($902 million) from its Hong Kong listing …
Mark Gurman / Bloomberg: Apple's Q1 sales in greater China surged 38% to $25.5B; Tim Cook attributed the increase to users upgrading and switching from other platforms to iPhone 17 — Apple Inc. enjoyed a sharp rebound in China during the holiday period, when demand for the new iPhone 17 fueled its first $25 billion quarter …
Ryan Weeks / Bloomberg: Crypto exchange Bybit plans to offer banking services via “MyBank” accounts that can hold USD and other currencies, set to launch in February pending approvals — Crypto exchange Bybit plans to start offering banking services with the launch of accounts that will let customers hold balances …
Mark Bergen / Bloomberg: Munich-based RobCo, which makes robotic arms and factory automation software, raised $100M led by Lingotto and Lightspeed, a source says at a $500M+ valuation — RobCo, a German startup that makes robots for use in manufacturing, has raised $100 million in financing from investors including …
Bloomberg: Amazon reported hundreds of thousands of pieces of potential CSAM in AI training data to NCMEC in 2025; child safety officials say Amazon didn't give the source — The tech giant reported hundreds of thousands of cases of suspected child sexual abuse material, but won't say where it came from
Christina Kyriasoglou / Bloomberg: STMicro reports Q4 net revenue up 0.2% YoY to $3.33B, operating income down 66% YoY to $125M, and forecasts Q1 2026 net revenue of $3.04B, above $2.92B est. — STMicroelectronics NV, a chip supplier for Tesla Inc. and Apple Inc., forecast first-quarter revenue that beat analysts' estimates …
Bloomberg: SAP reports Q4 revenue up 3% YoY to €9.68B, adjusted operating profit up 27% to €2.83B, and forecasts 2026 cloud revenue to grow 23%+ to €25.8B; SAP falls 14%+ — SAP SE shares fell the most in more than five years as current cloud backlog in the fourth quarter slipped …
Manuel Baigorri / Bloomberg: Singapore-based Digital Edge plans to invest $4.5B to build a 500 MW hyperscale data center facility in Indonesia, with the first phase set to open in Q4 2026 — Digital Edge, an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners, plans to invest $4.5 billion …
Natalie Lung / Bloomberg: Toronto-based self-driving truck startup Waabi raised a $750M Series C led by Khosla and G2 and partners with Uber, which can invest $250M based on performance — Waabi Innovation Inc., a Canadian startup that develops self-driving technology for trucks, has secured $1 billion in funding …
Takashi Mochizuki / Bloomberg: Osaka-based Capcom reports game sales up 13.5% to a record 34.64M from March to December 2025; the Street Fighter and Resident Evil maker's stock jumps 10%+ — Japanese video game publisher Capcom Co. posted its biggest single-day share gain in 18 months on Wednesday after December-quarter …
Sarah Jacob / Bloomberg: ASML CEO Christophe Fouquet says the company plans to cut 1,700 jobs, or 4% of its workforce, mainly in its Tech and IT organizations; ASML jumps 5%+ pre-market — ASML Holding NV said it will cut about 1,700 jobs in the middle of a sales boom as part of a broad move to kill layers of management and become less bureaucratic.
Katarina Hoije / Bloomberg: Khaby Lame, the world's biggest TikToker, partners with Nasdaq-listed Rich Sparkle in a $975M, 36-month deal to monetize his fan base, including an AI version — Khaby Lame, the world's biggest TikToker, partnered with Rich Sparkle Holdings Ltd. to transform his 360 million social-media followers into a commercial venture.
Samuel Stolton / Bloomberg: The EU gives Google a six-month deadline to lift technical barriers to rival AI search assistants on Android and give key data to other search engine providers — Google was handed a six-month European Union deadline to lift technical barriers to rival AI search assistants on Android …
Bloomberg: Chinese startup Moonshot releases Kimi K2.5, saying the model can process text, images, and videos simultaneously and beats its open-source peers in some tests — Alibaba Group Holding Ltd.-backed Moonshot AI released an upgrade of its flagship model, heating up a domestic arms race ahead …
Bloomberg: Nvidia invests an additional $2B in CoreWeave to help speed up adding 5GW+ of AI computing capacity by 2030 and deploy Nvidia's new Vera CPU; CRWV jumps 9%+ — Nvidia Corp., the dominant maker of artificial intelligence chips, invested an additional $2 billion in CoreWeave Inc. to help speed …
Rebecca Torrence / Bloomberg: Sources: NY-based Tandem, which uses AI to automate the paperwork for writing and receiving medical prescriptions, raised a $100M Series B at a $1B valuation — Health care technology startup Tandem Technology Inc., which aims to smooth the process of writing and receiving medical prescriptions …
Irina Anghel / Bloomberg: Morgan Stanley: UK companies reported that AI led to 8% net job losses over the past 12 months, above Japan's 7%, Germany's 4%, Australia's 2%; the US added 2% — The UK is losing more jobs than it's creating because of artificial intelligence — and at a faster rate than its international peers.
Dong Cao / Bloomberg: Chinese autonomous trucking company DeepWay raised ~$173M ahead of its planned Hong Kong IPO, filed in November 2025; DeepWay reported ~$215M in H1 2025 revenue — DeepWay Technology Co., a Chinese company that makes technology for heavy-duty trucking, has raised about 1.2 billion yuan …
Bloomberg: Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure — SoftBank Group Corp. has halted talks about an acquisition of US data center operator Switch Inc., a setback …
Melos Ambaye / Bloomberg: Elliptic: ruble-backed stablecoin A7A5 surpassed $100B in transactions in under a year, but demand cooled and daily volume fell from a peak of $1.5B+ to ~$500M — The ruble-backed stablecoin created to circumvent sanctions on Russia has surpassed $100 billion in transactions in less …
Bloomberg: Sources: Grab's planned acquisition of GoTo has hit a snag over Indonesian carrier Telkomsel's unwillingness to sell its ~2% stake in GoTo at current valuations — Grab Holdings Ltd.'s planned multibillion-dollar acquisition of GoTo Group has hit a stumbling block.
Chris Welch / Bloomberg: Solos Technology sues Meta and EssilorLuxottica, alleging they willfully violated several patents that cover “core technologies in the field of smart eyewear” — Meta Platforms Inc., the reigning leader in the growing smart glasses category, is being sued by another glasses maker …
Bloomberg: Sources: China deepens its probe into Meta's Manus acquisition in December to investigate cross-border currency flows, tax accounting, and overseas investments — Beijing is deepening an investigation into Meta Platforms Inc.'s $2 billion acquisition of Chinese-founded AI startup Manus …
Bloomberg: Sources: UBS plans to make cryptocurrency investing available for some private banking clients in Switzerland, starting with bitcoin and ether — UBS Group AG plans to make cryptocurrency investing available for some private banking clients, in what could become a significant move …
Min-Jeong Lee / Bloomberg: Google invests an undisclosed sum in Sakana AI, valued at $2.6B in November 2025, to boost Gemini's presence in Japan; Sakana AI gains access to Google's LLMs — Google joined Japanese startup Sakana AI's roster of backers in a move that bolsters chatbot Gemini's presence in a country eager …
Anisah Shukry / Bloomberg: Malaysia lifted its temporary ban on Elon Musk's Grok AI chatbot after xAI added safety measures; Grok remains subject to continuous monitoring by authorities — Malaysia lifted its temporary ban on Elon Musk's Grok artificial intelligence chatbot after the company behind it added safety measures …
Bloomberg: Sources: Fei-Fei Li's World Labs is in discussions with investors to raise hundreds of millions at a valuation of $5B; World Labs was last valued at $1B in 2024 — Artificial intelligence pioneer Fei-Fei Li has had discussions with investors to raise hundreds of millions in funding for her startup …
Edward Ludlow / Bloomberg: Austin-based Neurophos, which develops a photon-based “Optical Processing Unit” to replace GPUs in AI training, raised $110M led by Bill Gates' Gates Frontier — Bill Gates' VC fund, Microsoft Corp.'s investment arm and Saudi Arabia's Aramco Ventures are investing $110 million in Neurophos Inc. …
Tim Fernholz / Bloomberg: How Google, Huawei, Microsoft, and Nvidia, as well as startups and university research teams, spent millions of dollars to develop AI weather forecasting tools — Google, Microsoft and Nvidia are among the names vying to make forecasts more accurate for longer.
Rajesh Mascarenhas / Bloomberg: Filing: PhonePe reports H1 FY 2026 revenue up 22% YoY to ~$427.5M, a ~$157M loss, and 657.6M users; the payments company plans to sell 50.7M shares in its IPO — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Bloomberg: Chinese AI startup Zhipu says it is limiting GLM Coding Plan access after strong demand, taking only 20% of its current daily new subscriptions from January 23 — China's Zhipu is limiting access to its coding assistant after strong demand for a new AI model siphoned off computing resources.
Coco Liu / Bloomberg: Berlin-based Cloover, which makes software to help install solar, home batteries, and heat pumps, raised $22M from Lowercarbon and others and $1.2B in debt — The new funding round comes as residential installations are declining across the bloc. — Berlin-based climate technology company Cloover …
Francesca Maglione / Bloomberg: US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech says AI that scores essay questions saved ~8,000 hours — Some schools have even used AI to guard against AI. — Thousands of students will get their college decisions faster this year because of artificial intelligence.
Christina Kyriasoglou / Bloomberg: Anthropic CEO Dario Amodei says selling AI chips to China is a blunder with “incredible national security implications”, calling it a “big mistake” and “crazy” — Anthropic Chief Executive Officer Dario Amodei said selling advanced artificial intelligence chips …
Newley Purnell / Bloomberg: Meta VP of Public Policy Simon Milner, the company's most senior Asia-Pacific policy executive, plans to leave after 14 years to retire from full-time work — Meta Platforms Inc. is losing its most senior public policy executive in the Asia-Pacific at a time when the company faces several …
Alex Wickham / Bloomberg: Sources: UK and Chinese security officials set up a forum to discuss cyberattacks after hacking accusations, the first of its kind, to help prevent escalation — British and Chinese security officials established a forum to discuss cyberattacks following a spate of hacking accusations that soured relations between the two countries.
John Liu / Bloomberg: Sources: China broadens its probe into Temu owner PDD, dispatching 100+ investigators to its Shanghai HQ, after staff exchanged physical blows with regulators — China has broadened a probe into PDD Holdings Inc. after its employees exchanged blows with regulators, dispatching over 100 investigators …
Yazhou Sun / Bloomberg: French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others — Pennylane, a French startup that sells accounting software, has raised €175 million ($204 million) in a funding round led by growth equity investor TCV.
Bloomberg: a16z's Matt Bornstein and others talk adding $1.7B to its $1.25B AI infrastructure fund, focusing on early rounds; Ben Horowitz calls it “one of the best funds” — A newer fund run by an unconventional team at the venture firm is finding success focusing on infrastructure.
Suvashree Ghosh / Bloomberg: Bitcoin fell 3.6% to under $92K, ether fell ~5%, and solana fell 8.6%, wiping ~$100B from crypto's total value, after Trump proposed new 10% European tariffs — Cryptocurrencies fell sharply as risk assets slipped and haven demand strengthened after US President Donald Trump proposed new levies on eight European countries.
Maggie Eastland / Bloomberg: Chinese media: phone makers Xiaomi, Oppo, Vivo, and Transsion trimmed their 2026 shipment targets, with Oppo cutting up to 20%, due to the memory chip shortage — Nvidia Corp. supplier Micron Technology Inc. said an ongoing memory chip shortage has accelerated over the past quarter …
Bloomberg: Shenzhen-based UBTech signs deals to supply its Walker S2 humanoid robots to Airbus and Texas Instruments, and says it aims to produce 10,000+ units in 2026 — UBTech Robotics Corp. shares jumped after the China-based humanoid maker received an order from Airbus SE, bolstering the outlook …