Olga Kharif / Bloomberg: Over the past year, long-time Bitcoin whales have been selling off their holdings, leading to a reshaping of the market as institutions increase their buying — A silent transfer of control is reshaping the $2.1 trillion Bitcoin market. — A steady stream of sales by long-time whales …
Shirin Ghaffary / Bloomberg: The term “superintelligence” is becoming increasingly popular among AI leaders, even as many in the industry question whether it is ill-defined and overhyped — A new AI buzzword is picking up speed in Silicon Valley. — But first.... AGI inflation
Ryan Gould / Bloomberg: Blackstone acquires Vista Equity Partners' minority stake in event software company Cvent, sources say for $1.3B; Blackstone acquired Cvent for $4.6B in 2023 — Blackstone is acquiring Vista's stake in Cvent for $1.3 billion, according to people familiar with the matter …
Mackenzie Hawkins / Bloomberg: Sources: the US plans to restrict shipments of AI chips to Malaysia and Thailand, as part of an effort to crack down on suspected chip smuggling into China — President Donald Trump's administration plans to restrict shipments of AI chips from the likes of Nvidia Corp. to Malaysia and Thailand …
Gian Volpicelli / Bloomberg: Sources: Google plans to propose a price comparison box at the top of search results in EU, featuring ranked options from competitors, to avoid DMA fines — Under the plan, a box at the top of Google's search results will show ranked options from price-comparison companies' websites …
Matt Levine / Bloomberg: As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets — Also BlackRock and privates, Vanguard and privates, the Paramount settlement and Enron 2.0. — ‘Tokenization’
Bloomberg: Daniel Gross leaves Safe Superintelligence, the AI startup he co-founded with Ilya Sutskever, to join Meta's new superintelligence lab and work on AI products — Daniel Gross, the former chief executive officer and co-founder of artificial intelligence startup Safe Superintelligence Inc. …
Jason Schreier / Bloomberg: Sources: Microsoft cut hundreds of Xbox jobs across studios, including King, ZeniMax, and Halo Studios, and cancels games like the new Perfect Dark and Everwild — Hundreds of people were laid off as the company canceled upcoming games such as Perfect Dark and Everwild
Gian Volpicelli / Bloomberg: ASML, Mistral AI, and 40+ European companies urge the EU to delay the implementation of its AI Act for two years, saying it puts the bloc's AI ambitions at risk — European companies including ASML Holding NV, Airbus SE and Mistral AI have called on the European Union to suspend the implementation …
Kirk Ogunrinde / Bloomberg: Bitcoin's implied volatility declined to the lowest level in two years, showing decreased price swings and trading between $93K to $111K in the past two months — With Bitcoin stuck in a narrow trading range for much of the year, one of key attractions of the largest digital currency since its earliest days is waning.
Bloomberg: Sources: Apple supplier Luxshare is working with China International, Citic, and Goldman Sachs on its Hong Kong IPO for as soon as 2025, aiming to raise $1B+ — The Shenzhen-listed Apple Inc. supplier is aiming to raise more than $1 billion in a share sale that could take place as soon as this year …
Bloomberg: Internal emails and audit reports warn that the Schengen Information System II, used by EU border forces, is rife with software and security vulnerabilities — An information-sharing system used by EU border forces to flag illegal immigrants and suspected criminals in real time was rife …
Bloomberg: The Senate votes 99-1 to remove a Trump tax bill provision that would have barred states from regulating AI if they got funding from a $500M broadband program — The Senate killed a controversial effort to prevent US states from regulating artificial intelligence, marking a loss …
Bloomberg: Investigation: three US Treasury hacks in the past five years were due to a failure to deploy basic security measures, as DOGE cuts further weaken the agency — In three major hacks, Treasury didn't deploy cybersecurity measures that could have prevented the attacks or flagged the intruders sooner …
Matt Day / Bloomberg: Source: Nintendo pulled its products from Amazon's US site after noticing third-party merchants were selling games in the US at prices below Nintendo's rates — The Japanese company stopped selling on Amazon after noticing that third-party merchants were offering games for sale in the US …
Soo-Hyang Choi / Bloomberg: Bank of Korea temporarily halts preparations for the second phase of its pilot initiative testing program for a central bank digital currency, scheduled for Q4 — South Korea's central bank has halted its digital currency pilot program, signaling diminishing enthusiasm for state-led digital currencies …
Benicia Tan / Bloomberg: PitchBook: Australian startups raised $3.4B in 2024, down from 2021's $6.5B peak; 39% of early-stage capital in Australia came from overseas vs. 21% in the US — Australian startups lag far behind the US and China in funding raised despite the country's historical effectiveness at creating unicorns.
Bloomberg: GOP Senators agree to change a provision in the tax bill from a 10-year ban on state AI regulation to a 5-year ban with carve outs for issues such as copyrights — The Senate is poised to approve a controversial provision preventing some US states from regulating artificial intelligence …
Morgan Meaker / Bloomberg: Call center agents in Australia, Canada, Greece, and the US say they've been repeatedly mistaken for AI, as the industry rapidly integrates AI alongside humans — As more workers are asked by strangers if they're bots, surreal conversations are prompting introspection in the industry about what it means to be human.
Olga Kharif / Bloomberg: A look at efforts by Coinbase, Kraken, Robinhood, and other crypto companies to tokenize stocks amid regulatory hurdles and questions about product demand — First, they came for the currency market. Then, the money market. Now, crypto's big disruptors are targeting the multi-trillion-dollar heart …
Satviki Sanjay / Bloomberg: Walmart's Flipkart says about 200M Indian users engaged with social videos and livestreams promoting products on the platform in H1 2025, up from 75M a year ago — Using videos to showcase and sell products is one of the leading new forays at Flipkart, Neha Agrahari, a senior director at the retailer …
Patrick Howell O'Neill / Bloomberg: Atlantic Council: US cyber power is hampered by an inefficient supply chain for zero days, with too few providers and “levels of middlemen” driving up costs — Atlantic Council research says market for zero days is bloated, leaving the US behind rivals such as China. — The Cyber Angle
Bloomberg: Sources: Big Fund III, China's main chip fund that has secured only a part of its $48B goal, plans to focus on key shortcomings in lithography and EDA software — China's main chip investment fund is planning to focus on the country's key shortcomings in sectors like lithography …
Cathy Chan / Bloomberg: EQT agrees to sell Japanese automotive electronics manufacturer Pioneer for $1.1B to CarUX, a unit of Taiwan-listed Innolux specializing in smart cockpit tech — EQT AB agreed to sell Pioneer Corp. for $1.1 billion, marking the biggest exit in Japan for the Swedish buyout firm that sees Japan …
Yi Wei Wong / Bloomberg: Canada orders Chinese video surveillance tech provider Hikvision to cease all operations and close its business in the country over national security concerns — Canadian Industry Minister Melanie Joly says that the government has ordered Hikvision Canada to cease all operations in the country …
Michelle Ma / Bloomberg: Battery recycler Redwood Materials and Project Stargate member Crusoe launch a 2,000-GPU data center in Nevada powered by repurposed EV batteries — It's the world largest deployment of batteries on their second life and shows the lengths cloud operators are going to find power.
Bloomberg: Marc Benioff says “AI is doing 30% to 50% of the work at Salesforce”, like software engineering and customer service, and its AI product has hit ~93% accuracy — Salesforce Inc. Chief Executive Officer Marc Benioff said his company has automated a significant chunk of work with AI …
Grace Sihombing / Bloomberg: Indonesia plans to change its rules to require e-commerce platforms like TikTok Shop to withhold income tax from large sellers instead of paying the government — A rule change in Indonesia will require online merchants to pay income tax to e-commerce platforms rather than directly to the government …
Bloomberg: EU competition chief Teresa Ribera rejects claims DMA enforcement could be traded to avoid Trump's tariffs, and urges mutual respect for each side's regulations — In an interview, Ribera rejected suggestions that enforcement of the landmark Digital Markets Act — slammed by Trump …
Menaka Doshi / Bloomberg: Amazon launches at-home diagnostic services in six Indian cities in partnership with Orange Health Labs, marking its entry into India's diagnostics market — With diagnostic services the e-commerce giant now offers a ‘trifecta of digital health’ … Will Amazon Draw Blood?
Sana Pashankar / Bloomberg: Colorado-based Maxar Intelligence debuts Sentry, an AI tool that helps its satellites monitor cities, shipyards, airports, and other sites for unusual patterns — In the days after President Donald Trump announced the US had “completely and totally obliterated” nuclear sites in Iran …
Bloomberg: French payments group Worldline's stock drops 20%+ after European journalism network EIC reports alleging that the company covered up customer fraud — Worldline SA shares fell by more than a fifth on Wednesday, wiping out around €300 million ($350 million) of market value following reports …
Jason Schreier / Bloomberg: Sources: Microsoft is planning a round of Xbox layoffs next week, with managers expecting substantial cuts, the fourth big layoff at Xbox in the past 18 months — The video-game division's latest round of layoffs is expected next week … Managers within Xbox are expecting substantial cuts across …
Bloomberg: Interviews with 24+ Microsoft customers and salespeople show that Microsoft is struggling to sell Copilot to enterprises as many of their employees want ChatGPT — Microsoft is struggling to sell its Copilot AI assistant to corporations because many of their employees want ChatGPT.
Freya Jones / Bloomberg: Amazon says it plans to invest £40B in the UK economy over the next three years, including opening four new warehouses; Amazon invested £12B+ in the UK in 2023 — UK Prime Minister Keir Starmer welcomed a three-year program by Amazon.com Inc. to invest £40 billion …
Bloomberg: TechInsights: Huawei's MateBook Fold uses SMIC's 7nm chip, like the Mate 60 Pro that stunned the US two years ago, suggesting export rules are hampering Huawei — The Shenzhen-based company's new foldable notebook and tablet hybrid, released in May, runs on its self-developed operating system HarmonyOS.
Brian Kahn / Bloomberg: A look at Beewise, which has raised nearly $170M and whose AI-powered robotic beehive BeeHome helps reduce colony losses by monitoring hive health in real time — After 150 years without minimal innovation, the beehive is getting an upgrade that is making it easier to protect colonies and the crops that rely on them.
Lucas Shaw / Bloomberg: Inside Disney's plan to limit AI companies' use of its IP, which led Disney and Comcast to sue Midjourney; Disney is also in talks with companies like OpenAI — Disney's top lawyer says his lawsuit against Midjourney is just the first step in a plan to limit AI companies' use of the studio's most valuable characters.
Mark Gurman / Bloomberg: A look at Apple's conservative approach to M&A, which may need to change to catch up in AI by acquiring a startup like Perplexity, Cohere, Sierra AI, or Mistral — Apple will need to make the biggest acquisition in its history to put an end to its artificial intelligence debacle.
Shirin Ghaffary / Bloomberg: An interview with LinkedIn CEO Ryan Roslansky on how AI is affecting the jobs market, AI agents, dealing with fake AI-generated accounts, and more — LinkedIn's CEO offers his thoughts on how AI is changing the way people work, himself included. But first... Standing out in an AI world
Satviki Sanjay / Bloomberg: Kantar: the share of Indians consuming media exclusively on mobile phones grew to 23% in Q1 2025, up from 15% in Q1 2023, as TVs stay unaffordable for many — The number of users who only use digital channels ballooned to 23% in the March quarter of 2025, according to market research firm …
Ellen Huet / Bloomberg: A profile of Scale AI co-founder Alexandr Wang, whose ties to influential people in the AI industry and the GOP could give Meta leverage over its competitors — Scale AI co-founder Alexandr Wang is such an enthusiastic networker that his former roommate — OpenAI Chief Executive Officer Sam Altman …
Magdalena Del Valle / Bloomberg: A UN survey of 21 countries finds that trust in AI is strongest in low-income and developing nations; 83% in China and 37.5% in the US said they trust AI — A United Nations study found a sharp global divide on attitudes toward artificial intelligence, with trust strongest in low-income countries and skepticism high in wealthier ones.
Monique Mulima / Bloomberg: Canadian crypto companies are encountering regulatory challenges in introducing a local stablecoin, as the US advances stablecoin legislation — While the US Senate advanced far-reaching stablecoin legislation, Canadian companies are pushing to get even the most basic stablecoin products available for users in the country.
Bloomberg: Sources: Masayoshi Son is pitching Trump officials and TSMC on a Shenzhen-like $1T AI and robotics manufacturing hub in Arizona, codenamed Project Crystal Land — Son envisions a version of the vast manufacturing hub of China's Shenzhen that would bring back high-tech manufacturing to the US …
Marissa Newman / Bloomberg: Israel urges its citizens to turn off their home cameras, saying Iran is tapping into security cameras in Israel to gather real-time intelligence for attacks — Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary …
Bloomberg: How JD.com is taking on China's food-delivery duopoly with viral stunts, no commissions, and deep discounts, prompting Meituan and Alibaba's Ele.me to respond — One unusually warm evening in April, Richard Liu revved his scooter through Beijing's traffic-snarled streets alongside other delivery workers …
Angus Whitley / Bloomberg: Australia's government-backed tech trial finds checking a user's age is technologically possible, clearing the way for a social media ban for under-16s in 2025 — Australia's world-first social media ban for under-16s moved closer to implementation after a key trial found that checking …
Jordan Robertson / Bloomberg: How Iranian and Israeli hacking groups spent years sparring online; the US State Department is offering $10M for info on members of Iran-linked CyberAv3ngers — As hackers have inserted themselves into the military conflict between Israel and Iran, American officials are focused on trying …
Ian King / Bloomberg: Intel names new engineering leadership, appointing Srinivasan Iyengar, Jean-Didier Allegrucci, and Shailendra Desai, as part of CEO Lip-Bu Tan's turnaround — Intel Corp. named new engineering leadership as part of a turnaround effort under Chief Executive Officer Lip-Bu Tan …