Natalie Lung / Bloomberg: Lyft partners with Waymo to launch fully autonomous robotaxi rides in Nashville starting in 2026, their first collaboration; LYFT jumps 10% — Lyft Inc. is partnering with Waymo for the first time to offer robotaxi service in Nashville starting next year, a deal that helps it better compete with rival Uber Technologies Inc.
Dina Bass / Bloomberg: Groq, which sells AI chips and data-center compute powered by those chips, raised $750M led by Disruptive at a post-money valuation of $6.9B — Funding round is led by Disruptive, includes Blackrock and Neuberger Berman — Artificial intelligence chip startup Groq Inc. raised $750 million …
Jackie Davalos / Bloomberg: Humanoid robot startup Figure raised a $1B+ Series C led by Parkway Venture Capital at a post-money valuation of $39B, up from $2.6B in February 2024 — Figure AI Inc., a company developing humanoid robots, has received more than $1 billion in committed capital in a financing round that values …
Bailey Lipschultz / Bloomberg: Filing: cloud cybersecurity software startup Netskope raised its IPO price range to $17-$19 per share, up from $15-$17, aiming to raise $908.2M, up from $812.6M — Netskope Inc. raised the price of its initial public offering, boosting the potential deal size to $908.2 million from $812.6 million …
Bloomberg: Investor docs: Revolut reported Q2 revenue up 46% YoY to £1.01B and is on track to deliver more than £4.1B in 2025 annual revenue, up from £3.1B in 2024 — Revolut Ltd. is touting a 46% revenue surge from a year ago as it courts investors for its primary fundraising, which is set to value the fintech at $75 billion.
Dina Bass / Bloomberg: Invisible Technologies, a Scale AI rival that helped train ChatGPT, raised $100M, sources say at a $2B+ valuation, and reports $134M in 2024 sales — Vanara, a spinoff of TPG, led the latest funding round. — Add us on Google — Artificial intelligence startup Invisible Technologies …
Sarah Frier / Bloomberg: Conceivable Life Sciences, which wants to use AI to automate the work done by embryologists in IVF labs, raised $50M, bringing its total funding to $70M — Conceivable Life Sciences, which makes a robotic lab that can create human embryos, raised $50 million to help develop and launch …
Aisha S Gani / Bloomberg: Saudi Arabia-based Hala, which offers payment services to more than 142,000 SMBs in the Gulf region, raised a $157M Series B, source says at a ~$900M valuation — Hala, a Saudi Arabia-based fintech company, raised $157 million in one of the largest-ever funding rounds for an early-stage startup in the Middle East.
Lizette Chapman / Bloomberg: Divergent Technologies, which makes automated assembly systems and 3D printers to make missile parts and other equipment, raised $290M at a $2.3B valuation — Divergent Technologies Inc. notched a $2.3 billion valuation in a new funding round as the startup expands its work for US weapons companies …
Suvashree Ghosh / Bloomberg: The London Stock Exchange debuts a blockchain-based platform, initially focused on private funds and increasing efficiency, marking its push into digital assets — London Stock Exchange Group Plc has rolled out a blockchain-based platform initially focused on private funds, marking a push by the bourse operator into digital assets.
Bloomberg: US salaries for key stablecoin roles are rising as a skills shortage meets a potentially immense market opportunity, putting upward pressure on pay — The stablecoin boom has been good to crypto wallet technology provider Dfns. In some ways, a bit too good.
Brian Kahn / Bloomberg: Lila Sciences, which uses AI to develop novel drugs and materials, raised $235M at a ~$1.23B valuation, after coming out of stealth in March with a $200M seed — Lila Sciences, which uses AI to develop novel drugs and materials, has received fresh funding led by Collective Global and Braidwell.
Bloomberg: A profile of Figure CEO Mike Cagney, now a billionaire after Figure's post-IPO surge; he resigned as SoFi's CEO in 2017 after several workplace controversies — It took him a few tries, but Mike Cagney is now a billionaire. — Shares of blockchain-based lender Figure Technology Solutions Inc …
Bloomberg: Sources: the FTC is investigating whether Amazon and Google misled advertisers by not properly disclosing the terms and pricing for ads on their websites — The US Federal Trade Commission is investigating whether Amazon.com Inc. and Alphabet Inc.'s Google misled advertisers that place ads …
Rajesh Mascarenhas / Bloomberg: Sources: India's Billionbrains Garage, parent of investment app Groww, plans to file for an India IPO next week, seeking $650M-$800M at an ~$8B valuation — Billionbrains Garage Ventures Ltd., the parent of India's largest investment platform Groww, is preparing to file for an initial public offering …
Yoolim Lee / Bloomberg: SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high — SK Hynix Inc.'s stock climbed 7% on Friday to a record after the company announced it had completed development of HBM4 …
Bloomberg: Sources: OpenAI and Nvidia will pledge billions in UK data center investments during their next week's trip, which coincides with President Trump's UK visit — The leaders of OpenAI and Nvidia Corp. plan to pledge support for billions of dollars in UK data center investments when they head …
Bloomberg: Databricks' head of AI, Naveen Rao, is transitioning to an advisory role; source: his next venture will focus on a next-gen computer to address rising AI costs — Naveen Rao, the head of artificial intelligence at the $100 billion startup Databricks Inc., is planning to leave his position …
Parmy Olson / Bloomberg: AI companies' bet on prediction token-based LLMs may make them vulnerable to disruption by a novel approach, especially as new models face diminishing returns — Fortunes are riding on one AI technique, even as cracks start to show. — Every investor knows not to put all your eggs in one basket.
Bloomberg: Vantage Data Centers raised $1.6B from GIC and the Abu Dhabi Investment Authority to expand in APAC, including the acquisition of a Malaysian data center campus — Vantage Data Centers has secured a $1.6 billion investment to help expand its business in the Asia-Pacific region …
Bloomberg: Blockchain-based lender Figure and some of its backers raised $787.5M in a Nasdaq IPO, selling 31.5M shares at $25 each, valuing the credit company at ~$5.3B — Blockchain-based credit company Figure Technology Solutions Inc. and some of its backers raised $787.5 million in an initial public offering …
Lulu Yilun Chen / Bloomberg: Ant Group unit Robbyant showcases its first LLM-powered humanoid robot, the R1, at a conference in Shanghai, joining an intensifying effort by Chinese companies — Jack Ma-backed Ant Group Co. showcased its first humanoid robot on Thursday, formally joining an intensifying effort …
Lynn Doan / Bloomberg: Bending Spoons agrees to acquire video platform Vimeo in an all-cash deal valued at ~$1.38B, set to close in Q4; Vimeo will be delisted from exchanges — Bending Spoons, one of Europe's largest mobile app developers, has agreed to buy the video platform Vimeo in an all-cash deal valued at about $1.38 billion.
Bloomberg: Bain Capital agrees to sell its data centers in China to a consortium led by Shanghai-listed Shenzhen Dongyangguang in a ~$4B deal — Bain Capital agreed to sell its data centers in China to Shenzhen Dongyangguang Industry Co. in a transaction valued at about $4 billion.
Bloomberg: In a letter to FTC Chair Andrew Ferguson, Sen. Ron Wyden accuses Microsoft of “gross cybersecurity negligence” leading to hospital operator Ascension's breach — US Senator Ron Wyden says glaring cybersecurity flaws by Microsoft Corp. enabled a ransomware attack on a US hospital system …
Bloomberg: Sources: Ant Group's Ant Digital Technologies is quietly working to link ~$8.4B of energy infrastructure and other real-world assets to its AntChain blockchain — A unit of Ant Group Co. is quietly making inroads to link over 60 billion yuan ($8.4 billion) worth of energy infrastructure …
Rachel Metz / Bloomberg: AI audio startup ElevenLabs launches a tender offer to let staff sell up to $100M in stock at a $6.6B valuation, up from a $3.3B valuation in January 2025 — The tender offer for the voice-generating AI startup is being led by Sequoia Capital and Iconiq Growth.
Muyao Shen / Bloomberg: Crypto asset manager CoinShares agrees to go public via SPAC Vine Hill at a $1.2B pre-money valuation, set to close by Q4's end; CoinShares has ~$10B in AUM — Cryptocurrency asset manager CoinShares International Ltd. has agreed to go public in the US through a combination with blank-check company Vine Hill Capital Investment Corp.
Bloomberg: Quantum computing startup Infleqtion agrees to merge with Michael Klein-led SPAC Churchill Capital, giving it a $1.8B pre-money valuation and $540M+ in funding — Quantum computing firm Infleqtion has agreed to merge with a blank-check firm led by Michael Klein in a pact that gives the startup a pre-money valuation of $1.8 billion.
Bloomberg: SpaceX agrees to acquire EchoStar's AWS-4 and H-block spectrum licenses for up to $8.5B in cash and up to $8.5B in stock, resolving an FCC inquiry into EchoStar — SpaceX, the Elon Musk-backed company that owns the Starlink satellite internet network, agreed to acquire wireless spectrum …
Mackenzie Hawkins / Bloomberg: Sources: the US is proposing annual approvals for exports of chipmaking supplies to Samsung and SK Hynix factories in China, as part of a “site license” idea — The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics Co. and SK Hynix Inc.'s factories …
Susanne Barton / Bloomberg: Microsoft says clients of its Azure cloud platform may experience increased latency after multiple international cables in the Red Sea were cut — Microsoft Corp. said Saturday it's no longer detecting issues with its Azure cloud platform after multiple international cables in the Red Sea were cut.
Sankalp Phartiyal / Bloomberg: A look at the ramp up of Apple's retail footprint in India, as a source says Apple's revenue grew 13% YoY to $9B during India's fiscal year that ended in March — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Mark Gurman / Bloomberg: What to expect from Apple's September 9 event: major design upgrades for the iPhone, an ultrathin iPhone 17 Air, three Apple Watch models, and the AirPods Pro 3 — Company is readying a slew of updated devices for the holidays. — Apple Inc.'s biggest product launch event of the year takes place …
Bloomberg: Honeywell's Quantinuum raised $600M from Quanta, Nvidia's NVentures, and others at a $10B pre-money valuation, up from $5B after raising $300M in January 2024 — Nvidia Corp.'s venture capital arm is investing in Quantinuum for the first time, valuing the quantum computing company controlled …
Leen Al-Rashdan / Bloomberg: Roblox restricts some features in the UAE and Saudi Arabia, including its in-game chat tool, and improves Arabic content moderation due to child safety concerns — Roblox Corp. will restrict certain features on its popular video-game platform in the United Arab Emirates and Saudi Arabia …
Yoolim Lee / Bloomberg: SK Hynix's union approves SK's 6% wage bump plus 10% of SK's annual profit allocated to a bonus pool, costing ~$2.7B for 33,625 staff in 2025, averting a strike — SK Hynix Inc.'s labor union approved a landmark agreement that could see each employee on average receiving about $80,000 bonus for 2025 alone …
Echo Wong / Bloomberg: GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% to $31B from $26B in March during recent GSR transactions — Xiaohongshu's valuation surged 19% to $31 billion in just three months during recent transactions via a major fund …
Paayal Zaveri / Bloomberg: You.com, which pivoted from AI search to enterprise AI tools, raised $100M led by Cox Enterprises at a $1.5B valuation, after a $50M Series B in September 2024 — Artificial intelligence startup You.com has reached a valuation of $1.5 billion in a new $100 million funding round …
Samantha Kelly / Bloomberg: Garmin unveils the $1,200+ Fenix 8 Pro, including new satellite and cellular communications tools, and a $2,000 microLED version, both shipping September 8 — Garmin Ltd. on Wednesday unveiled an upgraded, top-of-the-line rugged smartwatch for hikers, days before Apple Inc.'s expected update to its own high-end timepiece.
Yazhou Sun / Bloomberg: Finnish quantum computing startup IQM raised a $320M Series B led by Ten Eleven at a $1B+ valuation, and plans a US expansion and to scale its data centers — IQM, a Finnish quantum computing startup, has raised €275 million ($320 million) in venture capital funding …
Bloomberg: AI search engine startup Exa Labs raised an $85M Series B led by Benchmark at a $700M valuation, up 10x on its 2024 Series A, and plans to grow its GPU cluster — The $85 million funding round values Exa at $700 million. — The venture capital firm Benchmark is backing a new type …
Samantha Kelly / Bloomberg: Polar launches the $199 Polar Loop, a screen-free fitness band to track activity, sleep, and more without a subscription, in three colors, shipping September 10 — Finnish fitness-hardware brand Polar Electro Oy unveiled a screen-free fitness band that looks like — and directly competes with …
Julia Love / Bloomberg: A profile of Ashish Vaswani, lead author of Attention Is All You Need and Essential AI co-founder, who says the transformer-based AI boom is stifling innovation — Ashish Vaswani helped usher in modern AI. Now he's wondering if we're doing it all wrong. — In March 2024 a group …
Bloomberg: Sources: the EU delayed a planned September 1 fine against Google over ad tech practices, amid fears it could provoke Trump and unravel progress on trade talks — The European Union paused its immediate plans to punish Alphabet Inc.'s Google for abusing its dominance over advertising technology amid fears …
Emily Forgash / Bloomberg: Varonis Systems agrees to acquire email security company SlashNext for up to $150M, including retention awards, after buying database company Cyral for ~$25M — Data security company Varonis Systems Inc. has agreed to acquire SlashNext, an AI-based email security provider …
Bloomberg: TSMC says the US revoked its authorization to ship gear to its main Chinese chipmaking base in Nanjing, after the US revoked Samsung's and SK Hynix's waivers — The US has revoked Taiwan Semiconductor Manufacturing Co.'s authorization to freely ship essential gear to its main Chinese chipmaking base …
Kate Clark / Bloomberg: A look at a16z's Speedrun, a YC-like accelerator targeting a more creative demographic; a16z invested $180M into 150 Speedrun companies over the last 18 months — Big VC funds are moving further upstream, placing bets on the youngest companies. — A few weeks ago, about 150 people gathered …
Bloomberg: Filing: Klarna and some shareholders are selling 34.3M shares for $35-$37 each in its IPO, aiming to raise up to $1.27B and giving it an up to ~$14B market cap — Klarna Group Plc and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives …
Bloomberg: Sources: OpenAI is scouting local partners to set up a 1GW+ data center in India, although the exact timeline is unclear; Sam Altman is set to visit this month — OpenAI is seeking to build a massive new data center in India that could mark a major step forward in Asia for its Stargate …