Bloomberg Technology @technology
News on the global tech industry Watch Bloomberg Tech weekdays on Bloomberg TV at 11 am ET Podcast: https://t.co/8kX0blvfVk Newsletter: https://t.co/8OmXDsdcHM bloomberg.com/technology San Francisco Joined February 2009-
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Perficient is considering a potential sale, people familiar with the matter said. trib.al/S6E71K5
Germany’s energy regulator predicted the country will need more fossil-fuel power plants on standby to help keep the lights on in the coming years, a potential setback to the country's efforts to phase out coal trib.al/1ChxfEB
TikTok reported that more than 500,000 merchants were selling to US users on its app at the end of 2023, more than double the number from three months earlier. trib.al/vW6I90z
Home-Price Gains Accelerate in the US, Climbing 6.4% in February trib.al/efZRdSx
A trio of US senators asked the federal government’s lead cybersecurity agency to explain its response to a February ransomware attack on an insurance firm that paralyzed much of the country’s health-care system. trib.al/rSjaBAv
Amazon’s “show-me” moment will arrive on Tuesday when its earnings become the latest litmus test on appetite for heavy artificial intelligence spending. trib.al/HWbusFx
About one in four Texas businesses say artificial intelligence will either decrease staffing requirements or alter the composition of their workforce. trib.al/3tDHcPw
Tesla investors may have gotten carried away in sending shares up 15% on the company’s progress toward introducing its driver-assistance system in China, analysts at Evercore ISI say trib.al/oOZ5lzL
Island, a startup that makes secure internet browsers for businesses, has raised fresh capital at $3 billion valuation trib.al/BzFksv7
PayPal expects earnings to fall this year as it continues to work on cutting costs and streamlining its businesses trib.al/ZPr3OhP
Nanometers haven't been an accurate measure of chip performance for years trib.al/vSo55K7
Facebook and Instagram are under investigation by the EU, with concerns they’re failing to cull targeted disinformation peddled by Russia trib.al/fvG9Wc4
Alphabet CEO Sundar Pichai is on the cusp of achieving a rare milestone for a non-founder tech executive: a 10-figure fortune trib.al/CRApcIt
Huawei’s profit rose for the fourth consecutive quarter, a sign the Chinese tech company is taking market share from Apple and other smartphone rivals trib.al/2ureqj4
On our latest podcast: @CarolineHydeTV and @EdLudlow look at Tesla getting a tentative approval for its driving system in China. Plus, Paramount is expected to oust its CEO ahead of earnings, and SoFi shares drop after 2Q guidance disappoints trib.al/LWt2wym
Elon Musk is reportedly planning hundreds more job cuts across Tesla as two more senior executives leave the company trib.al/273McYY
RedBird IMI is withdrawing from its attempt to acquire The Telegraph and Spectator after months of backlash trib.al/i7JQ74O
Taiwan’s economy expanded at the fastest pace in almost three years as global demand for artificial intelligence-related technologies fueled a boom in exports. trib.al/nK84Ke0
The top telecoms company in Mauritius is in talks with operators for a new undersea cable linking Africa, Indian Ocean islands and Asia trib.al/foxnl7M
Turkish Airlines is in talks with Boeing and Airbus for an additional 235 airplanes, following its 230-jet mega-order with the European planemaker in December trib.al/xjXCAp8
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14K Followers 380 Following Editor in Chief Emeritus and Founder of Bloomberg News[THREAD] Inside the UAW strike: Auto executives miscalculated worker resentment and union leadership — leading to the historic walkout. These are some of the unconventional tactics organizers are using against Detroit’s Big Three
scoop: spotify has a white-noise podcast problem. people spent 3 million hours per day listening to the shows, taking time away from white noise/ambient music spotify licenses on more favorable terms. this cost spotify $38 million in annual gross profit bloomberg.com/news/newslette…
Read the lawsuits against Celsius and its former CEO Alex Mashinsky trib.al/k4u2RaN
🧵 Two years after FBI agents showed up at his California home to seize computers and phones, the short seller who terrorized more than 100 companies and riled an army of meme-stock traders is describing what it’s like to feel hunted trib.al/zMCJHYF
Scoop: Spotify CEO’s other company, Neko Health, just scored a load of new funding to go international. I spoke to its boss, Hjalmar Nilsonne, about what it means for the company. bloomberg.com/news/articles/…
Exclusive: FTX has abruptly halted the sale of one of its most sought-after assets: a stake in the AI startup Anthropic bloomberg.com/news/articles/… W/@paulasambo @JeremyHtweets @hgmiller29 @crypto
Binance's Yi He is one of the most powerful women in crypto, though not known to many. Here's what she has to say as her firm and co-founder Changpeng "CZ" Zhao come under sustained regulatory pressure trib.al/JsYQYtf
Halle Berry, the actor, producer and director, recently began what she calls her second act: a role as chief communications officer at Sequoia-backed Pendulum Therapeutics trib.al/7DEYF9t
Tech industry leaders including OpenAI CEO Sam Altman, Amazon Web Services CEO Adam Selipsky, venture capitalist Reid Hoffman speak at the Bloomberg Technology Summit in San Francisco trib.al/DXL39o6
"I don't think divestment is a smart strategy" says venture capitalist Reid Hoffman about the US approach to China trib.al/h54j8H8 #BloombergTech
OpenAI CEO Sam Altman said artificial intelligence is humanity's "most important step yet" but “there are many ways it could go wrong” trib.al/06KKrJ1
BREAKING: Twitter has resumed paying Google Cloud for its services, patching up a relationship that became strained after Elon Musk bought the social network trib.al/ZenAD3k
#Crypto morning nuggets (1/4): #Bitcoin climbed to the highest level since early May, buoyed by crypto initiatives involving major players from the traditional financial sector 👇bloomberg.com/news/articles/… via @crypto
Bitcoin climbed to the highest level since early May, buoyed by crypto initiatives involving major players from the traditional financial sector trib.al/9T41NHz
The frenzy over AI shows no signs of dying down. “It’s like putting .com after the name and all of a sudden you’re an internet stock.” bloomberg.com/news/newslette…
Binance is under investigation by French authorities over alleged money laundering-related issues, adding to mounting global scrutiny of the world's largest crypto exchange bloomberg.com/news/articles/… via @crypto @a_rajbhandari
Chinese securities once formed part of the reserves backing the dominant stablecoin, Tether's USDT, newly released documents show trib.al/GEqlAbQ
Chinese securities once formed part of the reserves backing the dominant stablecoin, Tether's USDT, newly released documents show bloomberg.com/news/articles/… via @technology @Yueqi_Yang @MuyaoShen
The surge in AI stocks looks to some like the dot.com bubble bloomberg.com/news/articles/… via @markets @jwittenstein @pajemiki