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AI Startups Struggle After Reverse Acquihires
Bloomberg Technology· 2025-08-04 20:06
You go back to some really tangible examples of a lot of people being left behind almost. How does that make them feel. If there was a many, many emotions from the employees that we've spoken to, but some of them were in tears, you know, after this was announced, because these are companies that they joined hoping that one day they would see a nice windfall.And that's not always the case when these so-called reverse IQ hires happen. Maybe like the most recent example that Caroline and I have experienced is ...
Apple Building ChatGPT Rival
Bloomberg Technology· 2025-08-04 19:57
I kept hearing about and through your reporting that like they didn't think the market was there for a chat. GPT like at all. So they integrated the tech industry.Now they've kind of changed tack a little bit. It's become very obvious that one of the biggest use cases for LGBT is search on my iPhone. For instance, I have one of the newer models of the action button on the side, and so whenever I need to search for something, I don't go to Safari and go to Google or the Google search app.I click my action bu ...
Cyber Firm Armis Aims for 2026 IPO
Bloomberg Technology· 2025-08-04 19:31
It's interesting, like I was reading the Bloomberg story to track the growth. You know, clearly you're seeing a jump in. RR Is that the metric that you want the market to say, Look at this company, If they're going to go public, they're doing some real things here.So first, good morning and great to be here. Definitely. When we look at the numbers and they are, it shows the massive growth and the massive demand that we've been experiencing.We've added more than 100 million in less than 12 months, basically ...
Tech Market IPO Opens
Bloomberg Technology· 2025-08-04 19:26
You include figma among the companies that you've been serving. You saw the demand running into the IPO. Can that be replicated began.Sure. Thanks for having me. Figma was really an encapsulation of a lot of things that the public market has been waiting for.You have a really strong growth story, 50% plus growth year over year profitability. There's AI in the tech stack. I think any company going public in the next year or so is going to have to have some AI component and they have a strong brand.And actual ...
BMW Takes Aim at Tesla Market Share
Bloomberg Technology· 2025-08-04 19:20
The first variant or model of this new class is the IX3. So many people get frustrated on this program when we talk about a company going after Tesla. Tesla killers.But in the ix3, BMW does see potential to claw back a bit of market share. Stefan. Yeah, absolutely.And, you know, back in the day when Tesla came out with the model three BMW actually lost a lot of drivers to Tesla. So so BMW CEO Oliver Zips is now confident that BMW can win those people back. And you know, the new SUV will be unveiled in Septe ...
Tesla to Award Musk $30B in Stock
Bloomberg Technology· 2025-08-04 19:18
The context is that 2018 pay package, the fact that they need Elon Musk to remain focused on the business and money is going to talk. Well, right. And Elon Musk has given Tesla shareholders all sorts of reasons to worry that he's not focused on the business.Right. Of course, probably most famously, his adventure in Washington, DC, his threats to start the America Party. All of that is potentially, of course, a distraction for Tesla.But also there's this been this like, long running drama around A. I. , his ...
Joby to Pay $125M for Blade's Helicopter Ride-Share Unit
Bloomberg Technology· 2025-08-04 17:51
Tell us the rationale here. Why by that part of the business. Yeah.Thank you so much. Great to be here. First, I'd like to lay the foundation for for where we are.And so the first piece is that we're seeing unprecedented levels of regulatory support from the White House, from the DOT, from the FAA, really leaning in. You also have regulators around the world so excited about this new age of aviation. Second is where the job team is.We've been knocking out of the park on certification and really delivering o ...
Watch SpaceX Launch Crew to ISS
Bloomberg Technology· 2025-08-01 19:18
They've been told to go for launch. Launchpad and this is symbolic from a geopolitical perspective on who is on board. Yeah, we'll get to the crew.But you know, I think this might be a first for Bloomberg Tech if we ever carried a launch live. I don't know. But with 10 seconds on the clock, Let's listen in.T minus ten, nine, eight, seven, six, five, four, three, two, one. Mission critical power and liftoff. Together, we rise as NASA's space, go live in the heads up to the International Space Station.Touchin ...
Multiple Roblox Games Top 10M Daily Active Users: CEO
Bloomberg Technology· 2025-08-01 19:10
These viral experiences grow a garden, for example. How much are they contributing to this growth. Hey, great to be here.And we have created an essential, really, the conditions to grow a garden, in this case, growing amazing creative new experiences on Roblox, in addition to grow a garden, which is a cultural meme right now, there's five experiences on Roblox with more than 10 million daily active users. And I want to highlight, in addition to that great growth we saw, we saw 13 and up users grow daily act ...
Reddit COO Say Investments Are Paying Off
Bloomberg Technology· 2025-08-01 19:09
Advertising was really strong in the quarter. Why was it so strong. Which geographies were good.What are you doing that makes Reddit so attractive relative to other platforms. And for having me. It was a really strong quarter across the board for Reddit.And in terms of revenue, we saw broad based strength across all the verticals. We saw geographic strength in the U.S. and in the rest of world growing over 70% in both geographies, we saw users grow 21%. Obviously, advertising revenue grew by 84% year over y ...