Yassmin Jabri / Bloomberg: Saudi startup Lucidya, which develops customer experience software, raised a $30M Series B led by Impact46, marking the largest AI funding round in the kingdom — Saudi Aramco's venture capital arm, Wa'ed Ventures, has backed a $30 million Series B funding round for local artificial …
Molly Schuetz / Bloomberg: HPE unveils several business changes, including forming a strategy committee and appointing a new board member, as it agrees to work with Elliott to boost value — Hewlett Packard Enterprise Co. announced several business changes, including the formation of a new strategy committee …
Natalie Lung / Bloomberg: Uber and Baidu announce a multi-year partnership to launch robotaxis in markets outside the US and mainland China, starting in Asia and the Middle East in 2025 — Baidu's autonomous vehicles will be available on the Uber app in Asia and the Middle East later this year, the companies said in a statement Tuesday.
Carlos Caminada / Bloomberg: Apple signs a $500M deal to buy rare-earth minerals from US producer MP, which secured Pentagon backing last week, as it seeks to cut its reliance on China — Apple Inc. has struck a $500 million deal to buy rare-earth minerals from MP Materials Corp., the US producer that just last week secured backing from the Pentagon.
Mackenzie Hawkins / Bloomberg: AMD says it will restart shipments of its MI308 AI chips to China after the US Commerce Department said it would approve the sales, following Nvidia — The US Commerce Department told AMD that license applications for the MI308 products would move forward for review, an AMD spokesman said Tuesday.
Shirin Ghaffary / Bloomberg: Anthropic launches Claude for Financial Services, aiming to help analysts conduct market research and handle due diligence, with data from FactSet and others — Artificial intelligence startup Anthropic is launching a package of new software services aimed at streamlining work for financial analysts …
Dina Bass / Bloomberg: CoreWeave says it plans to invest up to $6B to set up a 100MW data center in Lancaster, PA, creating 175 jobs and potentially expanding to 300MW in the future — CoreWeave Inc., a provider of AI computing power to companies including OpenAI Inc. and Microsoft Corp., said it plans to invest …
Mackenzie Hawkins / Bloomberg: Nvidia plans to resume H20 AI chip sales to China after the US assured it shipments will be approved, reversing an earlier Trump administration stance in April — US government officials told Nvidia they would green-light export licenses for its H20 artificial intelligence accelerator …
Debby Wu / Bloomberg: CSET researchers: China's SMEE has only a 4% market share in older-generation chip lithography, far below ASML and Nikon, a “chokepoint” for China's chip plans — China faces significant challenges advancing its semiconductor lithography, a key hurdle for its drive toward …
Bloomberg: Malaysia says individuals and companies must get a permit 30+ days before exporting AI chips, effective now, signaling it is clamping down on China chip exports — Malaysia will now require permits for exports of high-performance US artificial intelligence chips, suggesting the government …
Yash Roy / Bloomberg: Republican House leaders anticipate passing the GENIUS Act along with considering two other crypto bills, as the House kicks off a regulatory Crypto Week — Republican House leaders anticipate passing an industry-friendly stablecoin regulatory bill this week, sending Congress's …
Ian King / Bloomberg: Jensen Huang says China's military is unlikely to use Nvidia's AI chips, citing the risk of the chips being “limited at any time” due to US export restrictions — Addressing the largest concern Washington has cited in placing increasing restrictions on US technology exports to the Asian nation …
Bloomberg: Bitcoin reached a new all-time high at $122,000+ on July 14, up about 30% since December 2024, after more than doubling in value in 2024; ether hit $3,000+ — Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares …
Lucas Shaw / Bloomberg: Nielsen: Netflix's share of the most-watched shows dropped from 80%+ in 2021 to ~50% now; Amazon, Apple, HBO, Hulu, and Paramount+ have shows in 2025's Top 10 — Netflix released the most-watched series of the first half — but is losing ground to rival streaming services. — Good evening from New York City.
Mark Gurman / Bloomberg: With Tim Cook likely to lead Apple through this decade, a look at Apple's executive succession challenges as many of Cook's direct reports near retirement age — Also: The company is scaling back the iOS 26 Liquid Glass revamp; a look at upcoming devices; and Meta poaches Apple's top AI models executive.
Cecilia D'Anastasio / Bloomberg: Studios like Do Big are buying Roblox games for $1M+ in a thriving secondary market; Naavik: seven of the 15 highest-earning games in June have been acquired — Game service spawns a busy after market for the most-popular titles … It sold a few months later for more than $3 million.
Natalia Kniazhevich / Bloomberg: PitchBook: 27 VC-backed companies went public in the US in the first half of 2025, the smallest number in at least 10 years, raising a total of $44.4B — Venture capital-backed companies are on track for the fewest US initial public offerings in a decade, according to data provider PitchBook …
Bloomberg: Sources: Google is paying $2.4B for a nonexclusive license to certain Windsurf tech and hire some of its employees, but won't be taking a stake in the company — Google is hiring Windsurf Chief Executive Officer Varun Mohan and co-founder Douglas Chen, along with a small group of staffers …
Kelcee Griffis / Bloomberg: T-Mobile has received FCC and DOJ approval for its $4.4B acquisition of US Cellular, after agreeing to phase out DEI programs to comply with FCC policy — The approval comes after T-Mobile committed to eliminating diversity and inclusion programs to win the favor of the commission.
Kurt Wagner / Bloomberg: Meta has completed a deal to acquire AI voice technology startup PlayAI, and the “entire PlayAI team” is set to join Meta next week, per an internal memo — The “entire PlayAI team” is set to join Meta next week, according to an internal memo that was reviewed by Bloomberg.
Bloomberg: Sources: Binance wrote the smart contract for USD1, a stablecoin launched by Trump's World Liberty, and promoted it to its 275M users, before CZ sought a pardon — The exchange has been a coder, a promoter and an early adopter for World Liberty Financial's stablecoin, people familiar with the matter say.
Bloomberg: Sources: Alibaba-backed Chinese AI startup Zhipu plans to raise ~$300M in an IPO in Hong Kong, after previously considering listing in mainland China — Chinese AI startup Zhipu is considering shifting its planned initial public offering to Hong Kong instead of mainland China …
Paige Smith / Bloomberg: Bilt Rewards, which offers rewards points for rent payments, raised $250M led by General Catalyst and GID at a $10.75B valuation, up from $3.1B in January 2024 — Bilt Rewards, the platform best known for doling out rewards points for rent payments, more than tripled its valuation …
Gian Volpicelli / Bloomberg: The EU publishes a voluntary code of practice to help companies follow its AI Act, including requiring developers to provide up-to-date AI feature documentation — The European Union published a code of practice to help companies follow its landmark AI Act that includes copyright protections …
Parmy Olson / Bloomberg: Mark Zuckerberg's top AI talent hiring blitz seems to be causing a halo effect as other leading scientists join Meta in the race to build “superintelligent” AI — Meta's CEO is creating momentum among top scientists who want to be first to build ‘superintelligent’ AI.
Sankalp Phartiyal / Bloomberg: Amazon expands its Now service in India to New Delhi, offering deliveries in as little as 10 minutes, after launching the service in Bengaluru in December 2024 — The online retail giant is expanding its “Now” service to the Indian capital, deepening a nascent foray into so-called quick commerce.
Magdalena Del Valle / Bloomberg: The US Treasury's OFAC sanctions individuals and companies linked to North Korea's fake tech worker scheme, including “malicious cyber actor” Song Kum Hyok — The US slapped sanctions on individuals and companies linked to a scheme that involves recruiting North Koreans to pose …
Swati Gupta / Bloomberg: X says the Indian government ordered it to block two Reuters accounts on July 3 and demanded immediate action, then told X to unblock them after “public outcry” — X raised serious concerns about India's media laws after the government ordered it to block thousands of accounts …
Benoit Berthelot / Bloomberg: France-based chipmaker SiPearl raised a €130M Series A from Taiwan's Cathay Venture and others to develop its ARM-based Rhea1 AI chip, set to feature 80 cores — European Union-backed chipmaker SiPearl has raised €130 million ($152 million) from investors including Taiwan's Cathay Venture …
Spencer Soper / Bloomberg: As Amazon Prime Day begins, some merchants say they can't afford to offer discounts due to Trump's tariffs; Adobe expects $23.8B in sales across the four days — Amazon.com Inc.'s Prime Day is slamming into President Donald Trump's trade war, with ever-shifting tariffs prompting some brands …
Dana Wollman / Bloomberg: CoreWeave says it has agreed to acquire bitcoin miner Core Scientific in a ~$9B all-stock deal, set to close in Q4 2025, to expand its AI data center capacity — The transaction values Core Scientific's stock at $20.40 per share, according to a statement from CoreWeave on Monday.
Bloomberg: Huawei's AI lab refutes accusations that its Pangu Pro MoE model source code used uncredited material from key rivals, after a GitHub group debated its origins — The Pangu Pro MoE is the world's first model of its kind to be trained on Ascend chips — Huawei's answer to Nvidia Corp.'s AI accelerators …
Bloomberg: Paris-based Capgemini plans to acquire US-listed IT outsourcing company WNS for $3.3B in cash, seeking to boost its agentic AI services; WNS serves 600+ clients — The French group said it will take over the US-listed firm for $76.50 per share, a premium of about 28% to WNS's average price over the past 90 days.
Myles Miller / Bloomberg: A look at the US Secret Service's GIOC, which sources say has seized nearly $400M in digital assets over the past decade via crypto scam investigations globally — The scam began with a message, then a friendly exchange. A stranger directed the victim to a cryptocurrency investment site …
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 …