Dina Bass / Bloomberg: Robotics startup Generalist, which released its GEN-1 model to complete short physical tasks in April, raised $400M led by Radical Ventures at a $2B valuation — The company raised $400 million in a funding round led by Radical Ventures — Generalist AI, a robotics startup …
Emily Birnbaum / Bloomberg: Sam Altman says he has no plans to put money into the 2026 US midterms; OpenAI has tried to distance itself from the Greg Brockman-backed Leading the Future PAC — OpenAI Chief Executive Officer Sam Altman says he has no plans to make any financial contributions toward this year's US elections …
Aisha S Gani / Bloomberg: Revolut co-founder and CTO Vlad Yatsenko plans to step down in July, to be replaced by Head of Technology Donato Lucia; Yatsenko was Revolut's first employee — Revolut Ltd.'s chief technology officer, Vlad Yatsenko, and Chief Executive Officer Nik Storonsky's early partner …
Julia Fanzeres / Bloomberg: Challenger: US tech companies announced cuts to 38,242 jobs in May, the most since August 2024, taking 2026's total so far to 123,653 cuts, up 65%+ YoY — US technology companies in May announced the most job cuts in nearly two years as they ramp up spending on artificial intelligence.
Bloomberg: Corporate spending management platform Ramp raised $750M at a $44B valuation led by Iconiq, Singapore's GIC, and the OTPP, taking its total funding to $3B — Ramp, a corporate spending management platform, has raised $750 million in a new funding round at a $44 billion valuation …
Debby Wu / Bloomberg: TSMC CEO C.C. Wei says the company won't be able to fulfill the demand led by US customers even as more capacity comes online in the US over the next few years — Taiwan Semiconductor Manufacturing Co.'s global chip supply will fall short of AI-fueled demand for years to come …
Bloomberg: Analysis: 10 Trump officials, including special envoy Steve Witkoff, reported holding stakes in SpaceX or xAI collectively worth $9.9M+, ahead of SpaceX's IPO — SpaceX's initial public offering will likely make President Donald Trump's already wealthy administration even richer.
Gian Volpicelli / Bloomberg: The EU's Cloud and AI Development Act aims to triple data center capacity in five to seven years; the Chips Act 2.0 recommends allowing direct EU investments — The European Union unveiled a sweeping plan to expand its domestic technology supply chains, targeting greater independence …
Andrew Martin / Bloomberg: Analysis: Palo Alto Networks' shareholders have voted to reject pay packages for its top executives seven times since 2015, more than any other S&P 500 company — A majority of Palo Alto Networks investors have voted against the cybersecurity company's executive pay seven times in 11 years.
Luz Ding / Bloomberg: Didi reports Q1 revenue up 10% YoY to ~$8.7B and a ~$177M net loss, several times larger than its Q4 loss, as it expands globally in markets like Latin America — Didi Global Inc. reported its second straight quarterly loss, after ratcheting up investment to expand globally and defend …
Bloomberg: Russia's Federal Security Service claims it uncovered a large-scale spyware operation by “foreign intelligence operatives” on senior officials' mobile phones — Russia's Federal Security Service said it uncovered a large-scale operation by foreign intelligence agencies to implant spyware on senior officials' mobile phones.
Debby Wu / Bloomberg: SK Hynix Chair Chey Tae-won says the company plans to double its memory chip capacity over five years, responding to a global shortage that could last till 2030 — SK Hynix Inc. plans to double its memory chip capacity over the coming half-decade, a major expansion that should help ease …
Nectar Gan / Bloomberg: China adds data and algorithms to its trade secret rules, as part of Beijing's efforts to prevent tech leaks amid intensifying strategic competition with the US — China expanded its trade secret rules to include data and algorithms, as Beijing steps up efforts to prevent technology leaks …
Bloomberg: A profile of Valve, which PrivCo estimates generated $5.2B in revenue and $1.5B in net income in 2025, as lawsuits allege its Steam store abuses market power — Lawsuits in the US and the UK allege the company's Steam store is abusing its market power. Valve disagrees.
Liana Baker / Bloomberg: SEC filing: quantum computing startup Quantinuum boosts its IPO, aiming to sell 26.5M shares for $53-$55 each, raising up to $1.46B at an up to $14.3B valuation — Honeywell International Inc.-backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering …
Loni Prinsloo / Bloomberg: African e-mobility startup Spiro, which owns 100K+ electric motorcycles, raised $215M at a near-$1B valuation, after raising $100M in 2025 and $50M debt in 2026 — African electric-mobility startup Spiro raised $215 million backed by European and African investors as it nears $1 billion in value …
Charles Capel / Bloomberg: SEC filing: SpaceX will reserve up to 5% of its Class A shares for select employees and executives' friends and family; 60%+ of shares have an extended lock-up — SpaceX will reserve up to 5% of shares in its upcoming initial public offering for certain employees and friends and family …
Gian Volpicelli / Bloomberg: Sources: Anthropic plans to let the EU's cyber agency ENISA join Project Glasswing and access Mythos; EU officials went to the US last week to ask for access — Anthropic PBC is set to give the European Union's cybersecurity body access to Mythos, the first EU agency to get access …
Bloomberg: Nasdaq, FTSE, and other index providers are shortening their entry timelines to accommodate SpaceX's record $75B IPO, as Elon Musk targets retail investors — The company's ambitious listing plan is set to clear the way for other mega-offerings. It also risks threatening the integrity of the market itself
Brent Crane / Bloomberg: A profile of Expedia CEO Ariane Gorin, who became CEO in 2024 and has overseen back-to-back years of revenue growth, with record gross bookings of $119B in 2025 — Atop the globe's second-largest travel booking company, Ariane Gorin is keeping a “close eye” on geopolitics but sees mostly clear skies ahead.
Yazhou Sun / Bloomberg: Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice caused panic and pushback from investors — Anthropic PBC updated its warning about secondary markets for its shares, cutting the number of unauthorized platforms by half …
Bloomberg: Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M — China's MiniMax Group Inc. has begun preparations for a domestic listing, according to a regulatory filing …
Bloomberg: Massive bonuses for Samsung's memory division employees have sparked a debate in Korea over how companies and governments should share profits from the AI boom — Payouts at Samsung have raised questions over how to share the windfall from the AI boom. — A second-tier port city …
Bloomberg: Lenovo's stock is up 105% in May, marking its biggest monthly gain since 1999, after earnings showed AI-related revenue helped offset rising memory costs — Lenovo Group Ltd. recorded its best month in more than a quarter-century, with the stock doubling in May as investor enthusiasm built around …
Jo Constantz / Bloomberg: A look at Anthropic's hiring process, which prohibits AI use in interviews and features a culture interview that candidates describe as highly intense — To win a coveted role, candidates shouldn't outsource their thinking to AI — and should be prepared to talk about their worldview.
Bloomberg: Sources: SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors — Video Player is loading. — Unmute — Current Time 0:01 Loaded: 17.77% Playback Rate — captions off, selected — English
Mark Gurman / Bloomberg: Illustrations based on sources detail Apple's Siri overhaul, like a new UI and chatbot-style app, and major iOS 27 changes, ahead of the WWDC keynote on June 8 — The iPhone maker looks to stage a comeback in digital assistants and artificial intelligence.
Bloomberg: Oura unveils the Oura Ring 5, with a 40% smaller form factor, improved sensing, and repositioned LEDs, shipping from June 4 for $399, up from the Ring 4's $349 — Oura Health Oy, the popular smart ring maker seeking to go public this year, unveiled a significantly thinner and lighter new model along with new wellness features.
Paula Doenecke / Bloomberg: The EU proposes new satellite access rules to let non-European companies like SpaceX bid for the airwaves, while preserving 33%+ of licenses for local companies — The European Union proposed new rules for satellite access that will allow non-European firms, like Elon Musk's Starlink …
Bloomberg: Source: TSMC CEO C.C. Wei told staff that they will see a 30%+ bump in their profit-sharing payouts in 2026 on average, after some staff voiced concerns online — Taiwan Semiconductor Manufacturing Co. chief C.C. Wei told staff they'll see more than a 30% bump in their profit-sharing payouts …
Bloomberg: Sources: ByteDance is discussing up to $70B of 2026 capex as it builds out data centers and other AI infrastructure, underwritten by its ~$50B profit in 2025 — ByteDance Ltd., the developer of TikTok and a leading force in artificial intelligence, is planning to sharply increase …
Carmen Reinicke / Bloomberg: SEC filing: Quantinuum is seeking to raise $1.05B in its US IPO, marketing ~21M shares for $45 to $50 each, giving it a $12.7B valuation at the top of the range — Quantinuum Inc., a quantum computing company backed by Honeywell International Inc., is seeking to raise $1.05 billion …
Linda Lew / Bloomberg: Pony AI reports Q1 revenue up 145% YoY to ~$34.3M, above $21.7M est., and increases its 2026 robotaxi fleet target by 500 to 3,500 vehicles on fast growth — Pony AI Inc. raised its robotaxi fleet target for this year by 500 vehicles to 3,500 after reporting stronger-than-expected first-quarter revenue.
Bloomberg: Xiaomi reports Q1 revenue down 11% YoY to ~$14.6B, its first quarterly decline in three years, and net income down 57% to $695M amid a global memory price jump — Xiaomi Corp.'s quarterly profit tanked more than anticipated after sharp increases in memory prices exacted a heavy toll on the Chinese firm's smartphone business.
Bloomberg: SoftBank stock jumped 4.6% to a record high on Monday, spurred by hopes of big returns from the company's stakes in OpenAI and SB Energy Corp if they go public — SoftBank Group Corp. shares climbed to a record high, spurred by hopes of big returns from the Japanese investor's stakes in OpenAI …
Emily Nicolle / Bloomberg: Tether buys out SoftBank's ~26% stake in bitcoin treasury company Twenty One Capital, taking its stake to ~71%; SoftBank's stake was worth ~$679M — Tether has bought out SoftBank Group Inc.'s ownership in the digital-asset treasury company Twenty One Capital Inc., adding to its control …
Paige Smith / Bloomberg: Moment, which develops AI tools for automating fixed-income and equities trading tech, raised a $78M Series C led by Index Ventures, with a16z participating — Moment, the financial-technology company founded by a cohort of former Citadel Securities quantitative traders and researchers …
Bloomberg: DeepSeek says it will lower V4 Pro API prices by 75% to $0.435/1M input and $0.87/1M output tokens, making permanent the discount prices set to expire on May 31 — DeepSeek said it will make permanent a steep discount on its flagship V4-Pro model, maintaining prices for developers at a quarter of their original level.
Brody Ford / Bloomberg: Salesforce's promotional videos showcased Agentforce mock-ups and features that are not widely available, as CEO Marc Benioff defends forward-looking marketing — Patients at the University of Chicago Medicine featured in a promotional video seamlessly refill prescriptions …
Debby Wu / Bloomberg: Jensen Huang urged Super Micro to tighten up compliance after Taiwan detained three people for allegedly trying to export servers with Nvidia chips to China — Nvidia Corp. Chief Executive Officer Jensen Huang urged Super Micro Computer Inc. to tighten up on compliance after Taiwan detained three people …
Dina Bass / Bloomberg: Dell says it has 5,000 clients for its AI Factory, a product line of servers with Nvidia chips, software, and services, including 1,000 new clients last quarter — Dell Technologies Inc. said it added 1,000 customers for a key AI product line in the past quarter as the company tries …
Natalie Lung / Bloomberg: As the US House probes Airbnb's use of Chinese AI models, CEO Brian Chesky says the company is not sharing data with Chinese firms and uses open-source models — Airbnb Inc. Chief Executive Officer Brian Chesky defended his company's use of Chinese artificial intelligence models …
Jordan Robertson / Bloomberg: FOIA lawsuit documents show hackers who breached SolarWinds potentially had access to all “treasury.gov” email addresses from July 6, 2020 to October 12, 2020 — New details about the 2020 incident. — Six years after hackers allegedly backed by Russia's intelligence services broke …
Yoolim Lee / Bloomberg: Samsung's bonus deal is fueling employee resentment over a 100x payout gap between memory division staff and those making smartphones, TVs, and home appliances — Samsung Electronics Co. staved off a potentially catastrophic strike this week, reaching a tentative deal with leaders …
Brody Ford / Bloomberg: Filing: Zoom's stake in Anthropic is worth ~$1.27B based on a February round which valued Anthropic at $380B; Zoom invested an additional $46M in recent months — Zoom Communications Inc., the videoconferencing company, has netted about $1 billion on an investment it made in artificial intelligence startup Anthropic PBC in early 2023.
Lulu Yilun Chen / Bloomberg: Sources: DeepSeek execs told potential investors in its ongoing $10B round that it will prioritize groundbreaking AI research over short-term commercialization — DeepSeek's senior management has told potential investors in its ongoing 70 billion yuan ($10 billion) funding round that the startup …
Samantha Kelly / Bloomberg: Hark, founded by Figure AI CEO Brett Adcock to build AI-powered devices, raised a $700M+ Series A led by Parkway Venture at a $6B post-money valuation — Entrepreneur Brett Adcock's new startup Hark has secured over $700 million in a funding round that values the artificial intelligence …
Preeti Singh / Bloomberg: Anthropic, Blackstone, and Hellman & Friedman's unnamed enterprise services JV buys Fractional AI, its first deal; sources say Fractional ends its OpenAI deal — The new artificial intelligence enterprise services firm backed by Blackstone Inc., Anthropic PBC and Hellman & Friedman …
Bloomberg: Taiwan is seeking to detain three people for forging documents to export Super Micro servers with Nvidia chips to China, Hong Kong, and Macau, breaking US rules — Taiwanese officials are seeking to detain three individuals for forging documents in order to export Nvidia Corp. AI chips to China …
Bloomberg: SpaceX S-1: Valor Equity Partners founder Antonio Gracias, a longtime Elon Musk ally, controls a 7.3% stake in SpaceX, the second-largest holder after Musk — Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 7.3% stake in SpaceX …