Tag: bloomberg news
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Uber to cut 3,300 jobs in overhaul, Bloomberg News reports
Sept 2 : Uber Technologies will cut 3,300 jobs or roughly 10 per cent of its global workforce as part of an overhaul, as the company looks to reduce the number of managers, Bloomberg News reported on Wednesday.
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Anthropic to pay Nscale $45 billion to rent AI computing power, Bloomberg News reports
Aug 26 : Anthropic has agreed to spend $45 billion to rent AI cloud computing power from Nscale’s flagship West Virginia data center development, Bloomberg News reported on Wednesday.The move comes as the AI startup looks to secure capacity to meet an anticipated surge in demand for products such as its AI co
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SoftBank mulls up to $20 billion bond sale for OpenAI financing, Bloomberg News reports
Aug 26 : Japan’s SoftBank is in talks with investment banks about a potential $10 billion to $20 billion bond offering to help refinance a loan for its investment in OpenAI, Bloomberg News reported on Wednesday.SoftBank did not immediately respond to a Reuters’ request for comment. Reuters could not immedia
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Nvidia customers notified about AI-related price hikes above 15%, Bloomberg News reports
Aug 22 : Some of Nvidia’s largest customers have been told prices of servers containing its AI chips will rise by more than 15 per cent in many cases with memory chip costs soaring, Bloomberg News reported on Saturday.The price hikes will go into effect on systems shipped early next year and will impact syste
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Broadcom seeks more than $60 billion in latest AI debt deal, Bloomberg News reports
Aug 20 : Broadcom is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic and other companies, Bloomberg News reported on Thursday, citing people familiar with the matter.The financing could include a roughly $30 billion junior debt
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GM plans to sell its half of Indiana battery venture to Samsung SDI, Bloomberg News reports
Aug 11 : General Motors is planning to sell its half of a planned $3.5 billion electric-vehicle battery joint venture in Indiana to partner Samsung SDI, Bloomberg News reported on Monday, citing people familiar with the matter. Here are some details:• Reuters had reported earlier this year that cons
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GameStop weighing withdrawal of eBay bid, Bloomberg News reports
Aug 10 : GameStop CEO Ryan Cohen is considering withdrawing the company’s $56 billion bid for eBay in favor of a commercial partnership, Bloomberg News reported on Monday, citing people familiar with the matter.Cohen is considering a proposal that would allow eBay to leverage GameStop’s roughly 1,600 U.S. ret
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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
Aug 7 : Data center firm Switch filed confidentially for a U.S. initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter.Reuters has previously reported, citing sources, that the company could raise up to $10 billion as soon as the fourth quarter at close to a $80 bil
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Moonshot has Nvidia chip cluster from Alibaba computing deal, Bloomberg News reports
July 31 : Chinese AI firm Moonshot has a computing agreement with Alibaba Group for the use of about 20,000 Nvidia chips, Bloomberg News reported on Friday, citing people familiar with the matter.
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Innolight said to price Hong Kong IPO below maximum, Bloomberg News reports
July 27 : Chinese optical parts maker Zhongji Innolight is telling potential investors it will price its Hong Kong listing below the maximum, Bloomberg News reported on Monday, citing people familiar with the matter.Shenzhen-listed Innolight is set to price 54.5 million shares at HK$980 ($124.96) apiece, the
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