Chris Welch / Bloomberg: The CSA says Matter will support video cameras for the first time with Matter 1.5; Amazon and Google have not committed to making their cameras interoperable — The Matter smart home standard will soon allow mixing and matching of video cameras. But will Amazon and Google take part?
Natalie Lung / Bloomberg: Uber plans to launch sidewalk robot deliveries in Europe via a partnership with Starship, starting in UK cities Leeds and Sheffield in December — Uber Technologies Inc. will offer sidewalk robot deliveries in Europe for the first time through a new partnership with Starship Technologies Inc. …
Bloomberg: Analysis: YouTube's top conservative podcasters drive a boom in host-read ads targeting right-wing audiences; nearly 91% of 876 episodes had political ads — On YouTube's conservative airwaves, podcast hosts tout products that let people buy into the MAGA crowd: Republican Red Winery vintages …
Angus Whitley / Bloomberg: Meta warns of significant difficulties in identifying and removing underage users as it prepares for Australia's under-16 social media ban, set for December 10 — Meta Platforms Inc. warned of significant difficulties identifying and removing underage users as it prepares to comply …
Bloomberg: Ubisoft says it will release results for the fiscal first half before trading opens on November 21, after unexpectedly postponing their publication last week — Ubisoft Entertainment SA said that it will release its results for the fiscal first half before trading opens on Friday …
Josh Sisco / Bloomberg: Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint — South Korea's antitrust regulator visited the Seoul offices of Arm Holdings Plc this week as part of ongoing scrutiny …
Aisha S Gani / Bloomberg: UK bank Lloyds agrees to acquire UK startup Curve, which offers digital wallets, in a deal set to close in H1 2026; Sky News reported Lloyds is set to pay £120M — Lloyds Banking Group Plc is buying British fintech firm Curve as part of a push to widen its digital offerings and take on challenger banks such as Revolut Ltd.
Bloomberg: Xiaomi President Lu Weibing says the company expects a shortfall in memory chips to push up mobile device prices in 2026, after SMIC's similar warning last week — Xiaomi Corp. expects a shortfall in memory chips to push up mobile device prices next year, joining a growing number of companies …
Josh Sisco / Bloomberg: Filing: the US FTC ends its review of SoftBank's $6.5B acquisition of chip designer Ampere, granting an early termination; SoftBank announced the deal in March — The US Federal Trade Commission has ended its review of SoftBank Group Corp.'s acquisition of semiconductor designer Ampere Computing LLC …
Bloomberg: PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs — PDD Holdings Inc. warned of a slowdown in an intensively competitive Chinese consumption environment, reflecting an escalating battle …
Samuel Stolton / Bloomberg: The EU Commission opens an investigation into AWS and Azure to determine whether they should fall under the DMA and says they “occupy very strong positions” — Amazon Web Services and Microsoft Corp.'s Azure are under investigation by the European Union to determine whether …
Zheping Huang / Bloomberg: Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership — Baidu Inc. posted its biggest quarterly revenue slide on record, highlighting a weakening advertising business while it tries to keep up in the artificial intelligence race.
Bloomberg: US filing: Peter Thiel's Thiel Macro sold 537,742 Nvidia shares, worth ~$100M as of September 30, during Q3, amid rising concerns about an AI investment bubble — Peter Thiel's hedge fund Thiel Macro LLC sold off its holdings in Nvidia Corp. during the third quarter, marking another retreat …
Bloomberg: Chinese chipmaker Cambricon's revenue surged 500%+ in the past year and its stock jumped 765%+ in two years, as China pushes local chips amid US sanctions — In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet. — The largest customer …
Min-Jeong Lee / Bloomberg: Tokyo-based Turing, which is developing an AI model for self-driving vehicles, raised a $99M Series A, sources say at a ~$388M valuation — Two of Japan's most promising tech firms together secured more than ¥35 billion ($230 million) of financing this week, underscoring growing investor interest …
Suvashree Ghosh / Bloomberg: Digital asset treasuries increasingly rely on in-kind contributions, with sponsors using their own crypto instead of cash, shifting risk to retail investors — Executives are turning to a novel structure to fund crypto accumulation vehicles as investor appetite thins.
Bloomberg: Google says it plans to invest $40B through 2027 in three new data centers in Texas, including one co-located with a new solar and battery energy storage plant — Alphabet Inc.'s Google plans to invest $40 billion in three new Texas data centers, ramping up its footprint as competitors …
Jeff Green / Bloomberg: Microsoft signs a deal with a legal advocacy group to resolve claims it denied discounts to conservative religious nonprofits; OpenAI and Asana also made deals — Microsoft Corp. signed an agreement to put to rest accusations that it used a litmus test to deny software discounts to conservative faith-based groups.
Bloomberg: Baidu stock fell as much as 9.8% in Hong Kong on Friday after its latest AI model Ernie 5.0 fails to impress investors — Baidu Inc. shares fell by the most in seven months as the newest version of its artificial intelligence model underwhelmed investors, denting hopes for it to regain ground lost to peers.
Bloomberg: Draft plans: EU is pushing for market regulator ESMA to get supervision and authorization powers over crypto firms, shifting oversight from national regulators — The European Union's executive arm is pressing for its markets regulator to get new powers to oversee all crypto businesses operating …
Bloomberg: Tether CEO Paolo Ardoino says the company plans to expand its lending to commodities traders “dramatically” after extending ~$1.5B worth of credit to the sector — Stablecoin giant Tether Holdings SA plans to expand “dramatically” in lending to commodities traders …
Samuel Stolton / Bloomberg: Google proposes ad tech changes to address a €2.95B EU antitrust fine, including enhancing interoperability across its ad services, but still plans to appeal — Google has offered to tweak its ad tech products to settle a European Union order after a near-€3 billion ($3.4 billion) …
Emily Forgash / Bloomberg: How Microsoft, Amazon, Meta, and Google are managing the strain of AI's increased energy demand with their promises of net-zero carbon emissions — Energy-hungry data centers test industry's commitment to go carbon-zero by 2040 — Weeks after ChatGPT was unleashed on the world in November 2022 …
Gaspard Sebag / Bloomberg: Source: French authorities fully lifted the travel ban on Telegram CEO Pavel Durov and removed a requirement for regular police check-ins as of November 10 — Telegram billionaire Chief Executive Officer Pavel Durov's travel ban has been fully lifted by French authorities investigating him over his messaging platform.
Aisha S Gani / Bloomberg: UK-based BNPL startup Zilch raised $176.7M in equity and debt led by KKCG at the same $2B valuation as its 2022 funding, after raising $127M in 2024 — UK fintech Zilch Technology Ltd. raised $176.7 million in a mixed debt and equity raise to fund expansion and potentially a takeover.
Pei Li / Bloomberg: Sources: Tencent and Apple agree to a deal to let Apple handle payments and take a 15% cut of purchases in WeChat mini games and apps, after a year of talks — Tencent Holdings Ltd. has agreed a deal with Apple Inc. that will see the iPhone maker handle payments and take a 15% cut of purchases …
Samuel Stolton / Bloomberg: The EU opens a DMA investigation into Google over allegedly demoting news outlets with promotional content; Google says this is part of its anti-spam efforts — Google is under investigation by European Union antitrust watchdogs over concerns it unfairly demotes some news results in a probe …
Bloomberg: JD.com reports Q3 revenue up 15% YoY to $42.1B, above ~$41.4B est., and net income down 55% YoY to ~$745M, as it competes in meal delivery and fast-commerce — JD.com Inc.'s revenue grew a faster-than-anticipated 15%, boosted by government-directed consumer subsidies as well as an aggressive drive …
Lizette Chapman / Bloomberg: Maryland-based Forterra, an autonomous military vehicle software startup founded in 2002, raised $238M, including $50M in debt, at a $1B+ valuation — Moore Strategic Ventures, Franklin Templeton and others have invested $238 million in Forterra. — Forterra, a startup that makes autonomous technology …
Chris Bryant / Bloomberg: Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt — Costing tens of thousands of dollars each, Nvidia Corp.'s pioneering AI chips make up a hefty chunk of the $400 billion …
Dina Bass / Bloomberg: D-Matrix, which develops AI inference chips, raised $275M co-led by Bullhound, Triatomic, and Temasek at a $2B valuation, taking its total funding to $450M — D-Matrix Corp., a Microsoft Corp.-backed AI chip startup, raised $275 million from new investors including Qatar Investment Authority …
Jacob Gu / Bloomberg: JD.com says it had record sales during China's Singles' Day event, without giving transaction values, despite Chinese deflation; Alibaba hasn't released data — One of China's biggest e-commerce platforms said it generated record sales during the country's massive annual online shopping gala …
Olivia Poh / Bloomberg: Sea reports Q3 revenue up 38% YoY to $6B, above $5.65B est., a $375M net income, below $433M est., and Shopee revenue up 35% YoY to $4.3B and GMV up 28% YoY — Sea Ltd.'s quarterly profit missed analysts' estimates after the company boosted spending to battle competitors in Southeast Asia's cut-throat e-commerce market.
Henrique Almeida / Bloomberg: Microsoft plans to spend $10B to build a data center in the Portuguese town of Sines in partnership with Portuguese developer Start Campus and UK startup Nscale — Microsoft Corp. will spend $10 billion on an artificial intelligence data center along the Portuguese coast …
Bloomberg: Asahi says shipment levels are at just 10% of normal after a cyberattack in early October, and it is processing orders manually, ahead of a busy December period — Japan gears up for its busiest beer-drinking season, the country's largest brewer is struggling to stay on tap …
Natalie Lung / Bloomberg: Instacart reports Q3 revenue up 10% YoY to $939M, above est., orders up 14% YoY to 83.4M, above 82.9M est., GTV up 10% to $9.1B, and plans a $1.5B share buyback — Instacart posted better-than-expected order growth and provided an upbeat earnings outlook for the current period …
Emily Forgash / Bloomberg: Microsoft recruits popular US influencers to help boost its Copilot chatbot; Sensor Tower says Copilot has 99M downloads since launch, far below ChatGPT's 1.4B — Microsoft Corp., eager to boost downloads of its Copilot chatbot, has recruited some of the most popular influencers in America …
Debby Wu / Bloomberg: TSMC reports a 16.9% rise in October sales, the slowest pace since February 2024, highlighting uncertainty over the AI boom's sustainability; TSMC is up 37% YTD — Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue as investors debate the sustainability …
Janne Knodler / Bloomberg: As US schools adopt AI, a look at the growing use of AI-powered monitoring tools like GoGuardian to scan students' chatbot conversations for signs of self-harm — As US educators embrace AI in the classroom, firms are selling software to flag mentions of self-harm, raising concerns over privacy and control.
Mihir Sharma / Bloomberg: OpenAI, Alphabet, and Perplexity offering free access to their paid tiers in India suggests the country may be the biggest and safest bet for broad AI adoption — Everyone is looking for the next big AI bet. They're searching for energy-rich places that can run data centers cheaply …
Ashley Carman / Bloomberg: Apple Music's growth may be stymied by the lack of a free tier as a funnel; Midia: on a weekly level, 43% of consumers used Spotify and 16% turned to Apple — The service's lack of a free tier might be dimming its prospects with music consumers, particularly in emerging markets — Welcome back to Soundbite.
Bloomberg: CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week — The stock market didn't crash this week. But after a seven-month spasm of retail-borne speculation, parts of the casino started clearing out.
Bloomberg: A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders — A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology …
Bloomberg: In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure — OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure …
Bloomberg: China is allowing Nexperia to export chips again, according to officials from several auto companies; shares in Wingtech, Nexperia's Chinese parent, surged 10%+ — China is allowing Dutch chipmaker Nexperia to export again from its operations in the country, setting the stage for the Netherlands …
Bloomberg: Sources: the Netherlands is prepared to drop the ministerial order that gave it control of Nexperia if China allows exports of its critical chips again — The Netherlands is prepared to suspend its powers over Chinese-owned chipmaker Nexperia in a move that would de-escalate a fight …
Jake Rudnitsky / Bloomberg: SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September — EchoStar Corp. reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk's SpaceX …
Bloomberg: Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales — Shein Group Ltd. has told investors that it's expecting a bumper $2 billion in net income in 2025, after higher profit margins …
Julia Fanzeres / Bloomberg: Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises — US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries …
Kate Clark / Bloomberg: Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit — Sequoia Capital's new co-stewards, Pat Grady and Alfred Lin, plan to deepen the venture capital firm's focus on the artificial intelligence sector …