Tag: bloomberg news
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DeepSeek tells prospective investors of funding pause, Bloomberg News reports
July 25 : Chinese AI startup DeepSeek has told prospective investors in its second fundraising round that it is suspending the deal for now, Bloomberg News reported on Saturday, citing people familiar with the matter.Here are some details: • DeepSeek verbally informed some of its potential backers th
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Qualcomm tells customers of double-digit price increases, Bloomberg News reports
July 24 : Smartphone chipmaker Qualcomm told customers it would raise prices by a percentage in the double digits due to rising costs, Bloomberg News reported on Friday, citing a letter sent to clients.Here are some details:• Qualcomm sent the letter to customers on Friday, informing them that the pr
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Spain’s Cellnex explores strategic options, Bloomberg News reports
July 23 : Mobile phone tower group Cellnex is studying strategic options including taking the company private or a merger with a competitor, Bloomberg News reported on Thursday.Spain-based Cellnex’s market capitalisation has more than halved since its peak of about 40 billion euros ($45.54 billion) i
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Apple in early settlement talks with US DOJ over antitrust case, Bloomberg News reports
July 17 : Apple and the U.S. Department of Justice are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Bloomberg News reported on Friday, citing people with knowledge of the matter.Apple and the DOJ did not immediately respond to Reuters requests for c
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Syngenta’s $5 billion HK IPO pushed back amid agriculture sector uncertainty, Bloomberg News reports
July 16 : Swiss agricultural chemicals and seeds company Syngenta’s planned $5 billion Hong Kong IPO is facing delays as the company awaits better conditions in the sector, Bloomberg News reported on Thursday, citing people familiar with the matter.A listing in 2027 is now seen as the more likely timeline, ac
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Brookfield-backed Csquare prices IPO at $21 per share, Bloomberg News reports
July 15 : Data center provider Csquare priced its initial public offering at $21 per share, Bloomberg News reported on Wednesday, citing sources.Brookfield the Dallas-based company’s backer, is considering buying a portion of the offering, the report added.Reuters could not immediately verify the repor
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OpenAI’s first hardware device will be a speaker, Bloomberg News reports
July 14 : OpenAI is planning to release a screenless speaker as its first hardware product, Bloomberg News reported on Tuesday, citing people familiar with the matter.The news comes just days after Apple sued OpenAI and two former employees, alleging misappropriation of its trade secrets to benefit the ChatGP
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Samsung explores potential US listing via ADRs, Bloomberg News reports
July 14 : Samsung Electronics Co. is in the early stages of exploring a potential offering of American Depositary Receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. Samsung declined to comment.Samsung has held
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Crusoe in talks to raise $3 billion funding, Bloomberg News reports
July 2 : AI data center startup Crusoe is in talks to raise about $3 billion in a funding round that may triple its valuation, Bloomberg News reported on Thursday, citing people familiar with the situation.The startup has contracts to supply AI computing power for the likes of Meta and Oracle, the report said
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Meta to sell excess AI computing capacity via cloud business, Bloomberg News reports
July 1 : Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.Shares of the company were up more than 6 per cent in premarket trading. Reuters could not independently verify the report.
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