ICG Targets €10 Billion for Flagship Flexible Capital Fund

5 hours ago

Intermediate Capital Group Plc. is looking to raise €10 billion ($11.5 billion) for its flagship flexible capital strategy, according to…

HBO’s ‘Mountainhead’ Depicts Hollywood’s Sinister View of Tech Titans

7 hours ago

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists…

One in Four Indians Uses Only a Mobile for Content, Ditching TV

8 hours ago

Nearly one in four Indians said in a survey they use only mobile phones to consume entertainment and media content,…

Pignataro’s ION Plans to Invest in Azimut-Backed Fintech

9 hours ago

Andrea Pignataro’s ION Group plans to buy a minority stake in a new Italian digital bank backed by private equity…

Japan Chemicals Firm CEO Fights to Keep Job as Investors Revolt

13 hours ago

In a sign of rising shareholders’ activism, a president of a semiconductor material maker is at risk of getting voted…

SoftBank Pitches $1 Trillion US AI Hub to TSMC, Trump Team

13 hours ago

SoftBank Group Corp. founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing Co. to realize what could…

Globe Says Supply Chain Risks ‘Mitigated’ Amid US-China Tensions

13 hours ago

Philippine mobile leader Globe Telecom Inc. has mitigated supply chain risks with diversified Chinese and Western vendors, its chief executive…

Iran Hijacking Home Security Cameras to Spy Within Israel

14 hours ago

Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem…

Tencent Music Shares Double on Break From China Price Cut Script

18 hours ago

China tech investors weary of the nation’s relentless price competition can look to one pocket that’s thriving by moving in…

Teen Social Media Ban Moves Closer in Australia After Tech Trial

19 hours ago

Australia’s world-first social media ban for under-16s moved closer to implementation after a key trial found that checking a user’s…

JD.com Billionaire’s Viral Stunt Reignites China’s Food-Delivery Feud

20 hours ago

One unusually warm evening in April, Richard Liu revved his scooter through Beijing’s traffic-snarled streets alongside other delivery workers, and…

Musk’s xAI Sparks New EU Scrutiny Ahead of Potential X Penalty

1 day ago

Elon Musk’s $33 billion xAI buyout of social media platform X has sparked new scrutiny from the European Union as…

Eutelsat Raises €1.35 Billion Led by France to Aid OneWeb

1 day ago

Eutelsat Communications SA said it has commitments for €1.35 billion ($1.5 billion) from the French government and other investors in…

Iran Flicks Its Internet ‘Kill Switch’ as Cyber Attacks Mount

1 day ago

Iran imposed a nationwide internet and telephone blackout, telling civilians it’s necessary to prevent Israeli cyber attacks as fears grow…

California Utilities Weigh Power Shutdowns as Dry Winds Approach

1 day ago

California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires.

Saudi’s AI Firm Humain Forms Division Focused On Ads, Gaming

1 day ago

Saudi Arabia’s new artificial intelligence company, Humain, has formed a division to work on advertising, video games and film, as…

Skepticism Over Meta’s AI Push Raises the Cost to Recruit Talent

1 day ago

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists…

Top Thai Billionaires-Backed Groups Win Digital Bank Permits

1 day ago

Three groups led by Charoen Pokphand Group, Gulf Development Pcl and SCB X Pcl have clinched Thailand’s new virtual bank…

Google Suffers Setback in Fight Over EU’s €4.1 Billion Fine

1 day ago

Google’s fight against a record €4.1 billion ($4.7 billion) European Union antitrust fine suffered a blow after an adviser to…

SpaceX’s Starship Explodes on Test Stand in Yet Another Setback

1 day ago

A SpaceX Starship exploded on a test stand in Texas, one more setback to Elon Musk’s ambitions to operate return…

Vodafone Appoints Microsoft Executive Pilar López as CFO

1 day ago

Vodafone Group Plc has appointed Pilar López as its new chief financial officer following the departure of Luka Mucic, who…

Malaysia Files Suit Against Telegram Channels Over Content

2 days ago

Malaysia’s communications regulator has filed a civil suit against two Telegram channels over content that it deemed harmful.

Uber Warns Hong Kong Drivers and Riders of Possible New Curbs

2 days ago

Uber Technologies Inc. is emailing Hong Kong users to raise concerns about rules the city is formulating, warning the government…

LG Electronics Is Said to Consider Resuming IPO of Indian Unit

2 days ago

LG Electronics Inc. is considering reviving an initial public offering of its Indian unit as soon as September, people familiar…

Alibaba Cloud to Start Second Data Center in South Korea by June

2 days ago

Alibaba Group Holding Ltd. will open a second data center in South Korea by the end of June, accelerating its…

Amazon Orders Employees to Relocate to Seattle and Other Hubs

2 days ago

Amazon.com Inc. is ordering some corporate employees to move closer to their managers and teams, roiling a workforce already worried…

Meta Approaches OpenAI Staff, David Sacks on Genius Act | Bloomberg Tech 6/18/2025

2 days ago

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the impact of the stablecoin legislation that passed the Senate with White House…

Blackstone Snaps Up Stakes in Office Buildings Leased by Meta

2 days ago

Blackstone Inc.’s real estate business purchased stakes in two office properties in Bellevue, Washington, that are leased by Meta Platforms…

Trump Is Delaying the US TikTok Ban Again. What’s Next?

2 days ago

One of the first actions President Donald Trump took at the outset of his second presidency was granting a stay…

Trump Adviser David Sacks Says China Adept at Evading Chip Curbs

2 days ago

White House crypto and artificial intelligence czar David Sacks warned that China has grown adept at evading US export controls…

Microsoft Planning Thousands More Job Cuts Aimed at Salespeople

2 days ago

Microsoft Corp. is planning to ax thousands of jobs, particularly in sales, as part of the company’s latest move to…

Scale AI Rivals See Customer Demand Surge After Meta Investment

2 days ago

Alex Ratner was trying to get in a few hours of work after putting his kids to bed when news…

Eutelsat to Supply French Military Satellite Service in Deal

2 days ago

Satellite operator Eutelsat SA struck a 10-year deal with the French government on Wednesday to provide service for the country’s…

Iranian, Israeli Hacking Groups Spent Years Sparring Online

2 days ago

Waymo Applies for NYC Testing Permit in Hopes of Eventual Launch

2 days ago

Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate…

Nvidia Joins $650 Million Funding for Gates-Backed Nuke Firm

2 days ago

TerraPower LLC, a nuclear startup founded by billionaire Bill Gates, raised $650 million to help continue development of an advanced…

Amazon-Owned Zoox Opens Robotaxi Production Site in California

2 days ago

Amazon.com Inc.’s Zoox autonomous driving unit opened a robotaxi production facility in California in the latest move by a deep-pocketed…

OpenAI Is Phasing Out Scale AI Work Following Startup’s Meta Deal

2 days ago

OpenAI is phasing out the work it does with data-labeling startup Scale AI, cutting ties with the company days after Meta Platforms…

Supreme Court Backs Temporary Texas Nuclear Waste Storage Site

2 days ago

The US Supreme Court left intact a federal plan to store as much as 40,000 tons of highly radioactive waste…

Chipmaker Wolfspeed Nears Bankruptcy Deal With Lenders Including Apollo

2 days ago

Struggling chipmaker Wolfspeed Inc. will be taken over by creditors including Apollo Global Management Inc. under a proposal that would…

Intel Brings in New Engineering Leaders to Help With AI Comeback

2 days ago

Intel Corp. named new engineering leadership as part of a turnaround effort under Chief Executive Officer Lip-Bu Tan, tapping veterans…

Xreal’s One Pro Are a Stopgap Ahead of True AR Smart Glasses

2 days ago

Review: The company’s latest augmented-reality glasses excel as an external display for phones, PCs and gaming devices.

Texas Instruments Touts Plans to Invest $60 Billion in the US

2 days ago

Texas Instruments Inc. touted plans to spend more than $60 billion on semiconductor plants in the US, making it the…

Tencent-Backed MiniMax Releasing AI Tools to Take On Manus

2 days ago

Chinese upstart MiniMax is slated to roll out a pair of AI products that autonomously perform tasks on behalf of…

Road to a $3.7 Trillion Stablecoin Market Is Full of Obstacles

2 days ago

The passage of stablecoin legislation in the US Senate marks a huge leap forward for the potential mainstreaming of cryptocurrencies…

SoftBank-Backed Startup Misses Financial Goals, Slashes Staff

2 days ago

Just a couple years ago, Spotter Inc. was one of the most valuable startups in the booming business of YouTube…

Italy’s Brembo to Provide Brakes for US Bike Brand Specialized

2 days ago

Brembo NV will supply a braking system for US bicycle brand Specialized as part of a partnership the two companies…

Broadcom’s 340% Rally Has Wall Street Debating If It’s Magnificent Seven Material

2 days ago

For more than two years, conversations about the biggest, most important technology companies have revolved around the same seven stocks.…

Ad Industry Parties at Cannes in Face of Looming AI Upheaval

2 days ago

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists…

Ex-SpaceX Staffers Raise Cash for Defense Manufacturing Startup

2 days ago

Senra Systems joins a growing list of startups aiming to accelerate American manufacturing of drones, rockets and more.

Lab-Grown Meat Soon on Australia’s Menus After Approval

2 days ago

Australia has approved the sale of slaughter-free Japanese quail, becoming only the third country in the world to permit the…

Alibaba-Backed ‘AI Dragon’ MiniMax Is Said to Plan Hong Kong IPO

2 days ago

MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be…

SAP and IBM Unit Ensnared in $800 Million Quebec IT Fiasco

2 days ago

Software company SAP SE and an IBM Corp. subsidiary are embroiled in a C$1.1 billion ($810 million) technology boondoggle that…

Netflix Adds Live TV Broadcasts, Sports From France’s TF1

2 days ago

Netflix Inc. will add live television channels and shows from French broadcaster TF1, expanding the streaming platform’s live offer for…

UBS Confirms Data Stolen After Cyber Attack on External Supplier

2 days ago

UBS Group AG said that information about the company had been stolen in a cyber attack on one of its…

EU Says AliExpress Failed to Stop Illegal Sales in DSA Probe

2 days ago

The European Union escalated a probe against Alibaba Group Holding Ltd.’s e-commerce service AliExpress, accusing it of failing to tackle…

Star Capital Weighs IPO of Defense Tech Firm Vincorion

2 days ago

Star Capital is considering an initial public offering of German defense technology firm Vincorion, people familiar with the matter said,…

JD.com Billionaire Unveils Turnaround Plan After Five-Year Slump

3 days ago

JD.com Inc. founder Richard Liu vowed to speed an overseas foray and compete with Meituan in new arenas from food…

Nintendo Extends Gains to Record on Booming Sales of Switch 2

3 days ago

Nintendo Co. shares rallied the most in two months to a fresh record as investors increased their focus on the…

Altman Says Meta Offered OpenAI Staffers $100 Million Bonuses

3 days ago

OpenAI Chief Executive Officer Sam Altman said Meta Platforms Inc. has offered his employees signing bonuses as high as $100…

AI Startup Anysphere Fields VC Offers at Over $18 Billion Valuation

3 days ago

Silicon Valley investors are anxious to back the startup they say is the fastest growing of all time.

How China Is Building a Powerful Army of Hackers

3 days ago

On today’s Big Take Asia podcast, how China’s domestic hacking competitions are helping boost the country’s cyber-espionage capabilities.

Trump Again Pushes TikTok Sale Deadline With 90 Day Extension

3 days ago

President Donald Trump is extending for a third time the deadline for Chinese company ByteDance Ltd. to divest the American…

KKR, GIC Are Among Final Bidders for MasOrange, Zegona  Joint Venture

3 days ago

KKR & Co. and GIC Pte. are among the final bidders for a stake in a fiber-optic broadband network venture…

Chip Tax Credits Get Boost in Trump Tax Bill | Bloomberg Tech 6/17/2025

3 days ago

Bloomberg’s Caroline Hyde and Ed Ludlow discuss how President Trump’s tax bill could boost investment credit for semiconductors to 30%.…

US-China Tech Fight Widens After Taiwan Blacklists Huawei

3 days ago

Taiwan joined a yearslong US campaign to curtail China’s technological ascent when it blacklisted the country’s AI and chipmaking champions,…

JPMorgan to Pilot Deposit Token JPMD on Coinbase-Linked Blockchain

3 days ago

JPMorgan Chase & Co. will launch a pilot for a token called JPMD that represents dollar deposits at the world’s…

A Lithium Startup Is Building a US Battery Plant That Will Skirt Trump’s Tariffs

3 days ago

US startup Pure Lithium Corp. is working on a testing facility to build a new type of lithium battery that’s…

Musk’s xAI Burning Through $1 Billion a Month as Costs Pile Up

3 days ago

Elon Musk’s artificial intelligence startup xAI is trying to raise $9.3 billion in debt and equity, but even before the…

Amazon’s Jassy Says AI Will Reduce Company’s Corporate Workforce

3 days ago

Amazon.com Inc. Chief Executive Officer Andy Jassy says he expects the company’s workforce to decline in the next few years…

Pro-Israel Hackers Say They Launched Cyberattack Against Iran

3 days ago

A pro-Israel hacking group claimed responsibility on Tuesday for a disruptive cyberattack against a major Iranian bank, the latest development…

Revolut Will Soon Launch Its AI Financial Assistant, UK CEO Says

3 days ago

Revolut will be launching its AI financial assistant soon, according to one of the fintech’s top executives.

Musk’s X Sues New York Over Law Requiring Hate-Speech Disclosure

3 days ago

Elon Musk’s X Corp. sued the state of New York claiming a law requiring social media companies to disclose how…

Meta Just Bet Big Bucks on AI Talent

3 days ago

Mark Zuckerberg’s investment in Scale AI and its founder, Alexandr Wang, shows how AI startups have become farm teams for…

Salesforce Increases Prices as it Promotes New AI Features

3 days ago

Salesforce Inc. is increasing the price for many products, becoming the latest software maker to adjust its cost structure as…

23andMe Fined £2.31 Million by UK Over Genetic Data Leak

3 days ago

23andMe was fined £2.31 million ($3.1 million) by UK regulators after a 2023 cyber attack exposed users’ genetic data in…

Musk’s xAI in Talks to Raise $4.3 Billion in Equity Funding

3 days ago

Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of…

Adobe Launches Standalone App for Generating AI Videos, Images

3 days ago

Adobe Inc. on Tuesday released a standalone Firefly mobile application for Android and iOS in an attempt to put a…

Oracle’s $116 Billion Surge Leaves Little Room for Error on AI

3 days ago

Oracle Corp. investors find themselves at a pivotal crossroads. Either heed the warning from a growing list of indicators that…

Applied Intuition Hits $15 Billion Valuation for AI Vehicle Tech

3 days ago

The company raised $600 million from investors as it prepares for an eventual IPO.

Ramp Investors Add Funding as Company Expands, Plans AI Agents

3 days ago

Spend-management platform Ramp gave existing investors an opportunity to double down on the six-year-old upstart with a recently closed $200…

Tiny Startup Brings Homegrown AI to Mongolia, Avoiding China-US Dominance

3 days ago

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists…

China’s MiniMax Says Its New AI Reasoning Model Beats DeepSeek

3 days ago

Chinese AI upstart MiniMax released a new large language model, joining a slew of domestic peers inspired to surpass DeepSeek…

Thiel-Backed Fund Invests in Ex-Citi Banker’s Stablecoin Startup

3 days ago

A startup run by two-decade Citigroup Inc. veteran Tony McLaughlin raised $10 million from investors including Peter Thiel’s Founders Fund…

Meta Testing New Auto-Generated Video Ads as Part of AI Push

3 days ago

Meta Platforms Inc., the owner of Facebook and Instagram, is pushing deeper into AI-generated advertisements in a bid to make…

Tinder Debuts Revamped Double-Dating Feature in US After Failed 2016 Launch

4 days ago

Tinder is bringing a double-dating feature back to the US, revamping a controversial product it shelved in 2017 over privacy concerns and…

Auterion Strikes Deal With Taiwan for Unmanned Drone Software

4 days ago

Taiwan has struck a multi-year deal with US-based defense technology company Auterion to engineer autonomous vehicles that could deter threats…

OpenAI Snags $200 Million Contract With US Defense Department

4 days ago

OpenAI has won a $200 million contract for a pilot program aimed at helping the US Defense Department determine how…