Mishal Husain / Bloomberg: Q&A with Kai-Fu Lee on China's open-model advantage, AI's impact on jobs, US export restrictions on chips, Chinese AI's role in developing countries, and more — Chinese AI companies are rapidly closing the gap with US rivals, even after years of restrictions on their access to advanced chips.
Mark Gurman / Bloomberg: What to expect from Apple's September 9 “Surprise and Shine” event: foldable iPhone, iPhone 18 Pro and Pro Max, Apple Watch refresh with ceramic cases, and more — From the foldable iPhone to a touch-screen MacBook, here's what to expect on Sept. 9 and beyond.
Bloomberg: Sources: Moonshot may seek to raise $3B to $5B in a planned Hong Kong IPO that could occur as soon as this year — Moonshot AI is considering raising up to $5 billion in its planned Hong Kong initial public offering as soon as this year, people familiar with the matter said …
Yoolim Lee / Bloomberg: Bank of Korea: South Korea's monthly memory chip output is set to grow by ~600K wafers by 2028, widening its lead over China's CXMT, set to grow by ~300K wafers — South Korea's lead over China in memory chip production is expected to widen further thanks to an aggressive expansion …
Anuchit Nguyen / Bloomberg: Thailand suspends the construction of 49 server farms to write new industry regulations, set for October, as governments worldwide tighten data center oversight — Thailand's embrace of data centers hit a speed bump after the government suspended construction of 49 server farms as public concerns …
Mackenzie Hawkins / Bloomberg: Sources: DeepSeek plans to use 160K+ of Huawei's Ascend 950DT chips at an Inner Mongolia data center, which would create one of the largest Huawei chip clusters — DeepSeek plans to deploy at least 160,000 of Huawei Technologies Co.'s top accelerators at a massive data center it's building …
Bloomberg: Sources: Binance is still operating in the EU months after it failed to get a MiCA license, using workarounds to onboard new customers and reroute its trading — The news hit with a thud in June: Binance Holdings Ltd., the world's largest crypto exchange, was about to get kicked out of the European Union.
Omar El Chmouri / Bloomberg: Sources: Saudi AI company Humain is planning to raise an initial $2.5B fund to help finance data center capacity of 250 MW in Saudi Arabia — Artificial intelligence firm Humain is planning to raise an initial $2.5 billion from global and domestic investors for a fund to invest in data centers …
Chris Welch / Bloomberg: HTC rolls out its $499 Vive Eagle, which let users choose between Gemini or ChatGPT as their assistant, in North America, Europe, the UK, and Australia — HTC Corp. is rolling out its Vive Eagle smart glasses in the US, entering a market where category leader Meta Platforms Inc …
Maggie Eastland / Bloomberg: All G20 nations unanimously endorse the non-binding Carolina Principles, a US-proposed framework calling for a lighter touch to governing emerging tech like AI — Representatives from the world's largest economies unanimously agreed to adopt guidelines proposed by the US that call …
Natalie Lung / Bloomberg: Memo: Uber is cutting ~3,300 jobs, or 10% of its staff globally, to reduce management layers and reallocate spending into ride-sharing, delivery, and robotaxis — Uber Technologies Inc. is cutting about 3,300 roles, or 10% of its staff globally, in a massive restructuring aimed …
Samantha Kelly / Bloomberg: Robotics and AI startup Lyte, founded by ex-Face ID engineers, raised $165M led by Maverick Silicon at a $1.6B valuation, taking its total funding to $272M — Lyte, a fast-growing robotics and artificial intelligence startup from top members of Apple Inc.'s Face ID team …
Bloomberg: A look at Kioxia's expansion in Japan's Kitakami, which helped stall the city's demographic decline and is a test of Japan's $640B AI and chips investment plan — Japan is betting $640 billion on AI and chips. But this struggling city shows the limits of that investment.
Cecilia D'Anastasio / Bloomberg: Memo: Savvy Games Group CEO Brian Ward, who oversaw the Saudi Arabian government's $38B investment in the video game industry since 2021, is stepping down — Savvy Games Group Chief Executive Officer Brian Ward, who oversaw the Saudi Arabian government's $38 billion investment in the video-game industry …
Chris Welch / Bloomberg: Roku unveils its first self-branded OLED smart TVs, starting at $999 for 55" and 65" 120Hz models and $1,299 for 144Hz models, sold exclusively via Amazon — Roku Inc. introduced its first self-branded smart TVs with organic light emitting diode, or OLED, display technology …
Bloomberg: Sources: Salesforce is leading a $160M+ raise for HR software company HiBob at a $3.2B+ valuation, up from $2.66B in 2023; HiBob has raised $700M+ since 2015 — Salesforce Inc. is investing in human resources software company HiBob as part of a more than $160 million funding round that values …
Samantha Kelly / Bloomberg: Dyson unveils the $499 CameraJet, an AI-powered toothbrush with a 100K-pixel macro lens that scans at 28 images per second and is trained on nearly 470K images — Dyson Ltd. introduced a $499 toothbrush that uses artificial intelligence and a built-in camera to give real-time feedback …
Ryan Vlastelica / Bloomberg: Under Tim Cook, Apple's market cap grew from less than $350B in 2011 to $4.6T, revenue went from $157B in FY 2012 to ~$477B in FY 2026, and shares rose 2,258% — Apple Inc.'s Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented …
Bloomberg: Nvidia plans to invest $3.5B into MediaTek through convertible bonds; MediaTek forecasts AI chip revenue of about $2B this year — Nvidia Corp. is investing $3.5 billion into MediaTek Inc., deepening collaboration with the Taiwanese chipmaker at a time when it's working to persuade …
Bloomberg: Filing: Tencent-backed AI chipmaker Enflame prices its Shanghai IPO at ~$21 per share, aiming to sell 43M shares and raise ~$911M — Shanghai Enflame Technology Co., backed by Tencent Holdings Ltd., is seeking to raise about 6.12 billion yuan ($911 million) in an initial public offering …
Bloomberg: Huawei reports H1 2026 revenue up 10% YoY to ~$69.57B, with net income down 36% to $3.54B; it is now the top smartphone brand in China with a 20%+ market share — Huawei Technologies Co. posted a deep profit decline after the Chinese tech champion grappled with rising memory costs and poured more resources into semiconductor research.
Bloomberg: Z.ai reports H1 2026 revenue up 400% to ~$142M, below its $200M projection; Z.ai's market value surged 800% since its January listing, peaking at $137B — Z.AI Co. grew revenue far less than anticipated while its losses persisted, highlighting the mounting cost of fighting the likes of Moonshot …
Gian Volpicelli / Bloomberg: The EU designates ChatGPT, Reddit, and Roblox as very large online platforms after each hit 45M monthly users in the bloc, opening them up to more DSA scrutiny — ChatGPT, Reddit Inc. and video game company Roblox Corp. will face stricter European Union scrutiny after surpassing a threshold of 45 million monthly users in the bloc.
Mark Bergen / Bloomberg: A look at the race to build quantum computers, as the tech becomes a geopolitical battleground with potential to transform cybersecurity, finance, and more — Companies are racing to create devices that could revolutionize finance, supercharge medical and climate research …
Taylor Nicole Rogers / Bloomberg: Glassdoor analysis finds 47% of Gen X workers write positively about their companies' AI use, compared with 40% of millennials and 33% of Gen Z workers — Gen X sees opportunity in AI. Gen Z sees fewer jobs. — Workers in their 40s, 50s and 60s are the most positive about AI …
Sheena Meng / Bloomberg: Data center development is driving demand for acoustic consultants, as developers and neighboring communities hire acousticians to assess noise emissions — The sprawling facilities get a lot of attention for their water and energy usage, but it's the threat of constant noise emission that has nearby residents up in arms.
Bloomberg: SK Hynix breaks ground for its $4B advanced memory chip packaging facility in Indiana, with mass production of next-generation HBM scheduled to begin in H2 2029 — SK Hynix Inc. held a groundbreaking ceremony Thursday for its advanced memory packaging facility in Indiana …
Bloomberg: A look at Beijing's AGI Bar, the unofficial clubhouse for China's AI industry where entrepreneurs trade gossip, recruit talent, and court investors over beers — Beloved by entrepreneurs, coders and investors, AGI Bar offers a window into the startup ecosystem challenging Silicon Valley.
Bloomberg: Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier — CXMT Corp.'s first-half revenue leapt almost 10-fold while profit surged, reflecting a rush for AI hardware that's made the memory chipmaker China's most valuable business.
Bloomberg: Tencent releases Hy4 Preview, a 770B-parameter open model with 1M context window, and says it outperforms Z.AI and Moonshot models in internal tests — Tencent Holdings Ltd. released a foundation model it says outperforms rivals Z.AI Co. and Moonshot AI in internal tests …
Bloomberg: Sources: Advent and Stripe are no longer pursuing a deal to acquire PayPal; the group offered to pay $60.50/share in July, valuing PayPal at $53B — A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc. …
Natalie Lung / Bloomberg: Plaud unveils Plaud One, a $250 pair of 4G, eSIM-enabled AI earbuds with coverage in 80+ countries and $200 in AI feature credits; Plaud is making 2,000 units — Plaud Inc., a startup that makes note-taking devices, announced a pair of wireless, 4G-connected earbuds that lets users record conversations …
Chris Welch / Bloomberg: Samsung unveils the Galaxy S26 FE, offering an Exynos, not Qualcomm, chipset, 12GB of RAM, a dialed-back camera system from the S26, for $700+, a $50 price jump — Samsung Electronics Co. introduced the Galaxy S26 FE, its latest smartphone aimed at consumers who want a device that's priced …
Bloomberg: Hugging Face unveils Microduck, a $400, 1.7lb, 10-inch-tall bipedal robot developed in part by Pollen Robotics and manufactured by Shenzhen-based Seeed Studio — Artificial intelligence platform Hugging Face Inc. unveiled a singing $400 bipedal robot that can be taught tricks …
Bloomberg: Meta says its new teen safeguards on Facebook and Instagram are exclusively for US users; the changes will be closely watched by officials outside of the US — Meta Platforms Inc.'s changes to Instagram and Facebook, part of a series of landmark settlements to resolve claims …
Bloomberg: Sources: ByteDance is merging coding platform Trae and agent-building tool Coze into Doubao, and plans to launch Doubao Work to compete with Tencent's WorkBuddy — ByteDance Ltd. is consolidating the resources behind two of its artificial intelligence developer products to bolster China's …
Gao Yuan / Bloomberg: Xiaomi launches the Xring O3, a 3nm SoC for its mobile devices, as the company seeks to reduce reliance on longtime suppliers Qualcomm and MediaTek — Xiaomi Corp. launched a mobile processor for its marquee devices, putting pressure on Qualcomm Inc. and MediaTek Inc., which for years supplied the key component to the Chinese company.
Rthvika Suvarna / Bloomberg: US business schools are racing to prepare students to become chief AI officers, even as companies are still figuring out what the newest C-suite role entails — Business schools are racing to prepare executives for the newest C-suite role, even as companies are still figuring out what the job entails.
Jonathan Levin / Bloomberg: Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies — Cryptocurrencies emerged in part as a protest against central banks flooding the global economy with money during the financial crisis 18 years ago.
Bloomberg: Sources: some of Nvidia's top customers have been told that prices will jump 15%+ on systems, including Vera Rubin and Grace Blackwell, starting in early 2027 — Some of Nvidia Corp.'s biggest customers have been told that the prices of servers containing its artificial intelligence chips …
Sonja Wind / Bloomberg: Apparel retailers like Zalando, Zara, and ASOS are betting on AI virtual fitting rooms to create a better online shopping experience and cut costly returns — Buying clothes online can leave shoppers frustrated and retailers drowning in returned goods. Now brands hope that AI-powered tools will deliver the perfect fit.
Bloomberg: A look at the narrowing US-China AI gap, as a spate of compelling, low-cost releases makes Chinese AI models increasingly attractive to businesses — A spate of compelling releases at budget prices have made China the frontrunner in the race for global adoption.
Bloomberg: DeepSeek unveils an experimental multimodal version of its V4 Flash model, saying it nears the performance of Anthropic's Opus 4.8 on multimodal agentic tests — DeepSeek unveiled an experimental AI model that can understand visual prompts, saying the tool nears the performance of an advanced model by US rival Anthropic PBC.
Yoolim Lee / Bloomberg: Sources: Nvidia is in early talks with South Korean AI chip maker Rebellions for a potential deal, including a partnership, an investment, or an acquisition — Nvidia Corp. is in early discussions with the Korean AI chip designer Rebellions about possible collaborations …
Vlad Savov / Bloomberg: Circana: US video game hardware spending fell 29% YoY in July to $282M, the lowest since COVID; unit shipments fell 39% as average console prices hit $542 — Nintendo Co.'s Switch 2 sales in the US this July were less than half what they were the same month a year ago, leading an industrywide hardware decline, according to Circana.
Brody Ford / Bloomberg: Source: Meta is spending hundreds of millions per year to use trillions of AI tokens weekly via Azure, quietly becoming one of Microsoft's largest AI customers — Meta Platforms Inc. has become one of Microsoft Corp.'s biggest AI customers, underscoring how demand for the emerging technology remains concentrated in the tech industry.
Yash Roy / Bloomberg: Muon Space, which is building a spacecraft platform for orbital data centers and AI computing, raised a $250M Series C, with participation from Google — Satellite startup Muon Space Inc. closed a $250 million funding round, raising capital from Alphabet Inc.'s Google and Salesforce Ventures LLC …
Luz Ding / Bloomberg: Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption — Alibaba Group Holding Ltd.'s profit plunged more than 75% after the Chinese company ratcheted up quarterly capital spending to almost $10 billion …
Yoolim Lee / Bloomberg: South Korea media: SK Hynix and its union reach a tentative deal on a 6.3% wage hike and paying out 60% of profit-sharing bonuses in shares and 40% in cash — SK Hynix Inc. and its labor union have reached a tentative wage and collective bargaining agreement, featuring a 6.3% salary increase …
Matt Day / Bloomberg: Amazon plans to expand Prime Air drone deliveries to cities in at least five more US states in the coming months, including suburban Chicago and Atlanta — Amazon.com Inc. plans to expand its drone delivery operation to cities in at least five more US states in the coming months …