Topic: bloomberg report
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Apple M5 MacBook: Everything We Know So Far
Apple is teasing the imminent launch of its next-generation M5 MacBook Pro, with marketing hints pointing to the new M5 chip through clever visual and textual clues. The M5 chip has already been featured in unreleased iPad Pro models, and Bloomberg reports confirm its upcoming introduction in a b...
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SpaceX Eyes 2026 IPO With $1.5 Billion Valuation
SpaceX is targeting a late 2026 IPO to raise $30 billion at a $1.5 trillion valuation, which would be the largest public offering in history. The company recently conducted a $2 billion internal share sale for employees at an $800+ million valuation, a common precursor to a public listing. The ma...
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Cognition AI Secures $400M at $10.2B Valuation Amid Market Turbulence
Cognition AI raised $400 million, boosting its valuation to $10.2 billion, reflecting strong investor confidence despite market volatility. The funding was led by Founders Fund and supported by existing investors, driven by the success of its AI coding assistant Devin, which saw annual recurring ...
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Meta Slashes Metaverse Budget by 30%
Meta is reportedly planning significant budget and workforce cuts for its Metaverse division, signaling a major strategic recalibration away from its heavy investment in virtual reality. The move reflects a lack of market traction for its Metaverse products and investor pressure, as the costly in...
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Rockstar Games Fires Employees Over Confidential Leaks
Rockstar Games fired several employees after an internal investigation revealed they shared unauthorized confidential company information, including proprietary data. The dismissals were a direct response to breaches where staff distributed sensitive internal details on an online forum accessible...
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Apple Pauses Vision Pro for AI Glasses Push
Apple is shifting resources from its Vision Pro VR headset to accelerate the development of AI-powered smart glasses, pausing plans for a more affordable version to compete with Meta. The company plans to release two smart glasses models, with the simpler N50 model launching as early as next year...
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Oura Ring Maker Valued at $11B in New $875M Funding Round
Oura Health Oy has raised approximately $875 million in a Series E funding round, doubling its valuation to $11 billion since December. The new capital will be used to scale up production, support international expansion, and fund ongoing research and product development. The company is on track ...
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Tesla Model Y Door Handles Face Federal Safety Probe
A federal safety investigation is underway into Tesla Model Y door handles due to concerns about passenger safety in emergencies, initiated by the NHTSA despite political pressures. The probe follows reports that retractable door handles rely solely on the car's 12-volt battery, which can fail in...
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Apple Maps Could Introduce Ads in 2026
Apple Maps may introduce advertisements by 2024, allowing local businesses to pay for enhanced visibility in search results, similar to competitors like Google Maps. This move is part of Apple's strategy to boost advertising revenue within its iOS ecosystem, using AI to ensure promoted content re...
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Apple's Chip Chief Johny Srouji Reportedly Weighs Exit
Johny Srouji, the senior vice president behind Apple Silicon, is seriously considering leaving Apple for a career move to another company. Apple is attempting to retain him with significant incentives, including a potential promotion to Chief Technology Officer, amid concerns about leadership sta...
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Apple's Executive Shake-Up Continues
Apple is undergoing a major executive reshuffle due to Jeff Williams' upcoming retirement, with Eddy Cue taking over health and fitness teams to develop a new subscription service. Craig Federighi will now lead the watchOS division and John Ternus will manage Apple Watch hardware engineering as p...
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US Approves Google's $32 Billion Wiz Acquisition
Google's $32 billion acquisition of Wiz has passed its U.S. antitrust review, a major step toward finalizing one of the largest tech deals, though the process is not yet complete. Wiz initially rejected a $23 billion offer in 2024, believing in its potential for greater independent growth, but ac...
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Ghost of Yōtei Devs Relieved by GTA 6 Delay: "That Was a Great Day"
GTA 6 is highly anticipated, and its delay to May 2026 has brought relief to developers who feared competing with its original release window. Many studios actively avoid scheduling their game launches near GTA 6, with some even delaying announcements to steer clear of its cultural impact. Sucker...
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