Chip Startup Substrate Draws Skepticism in Quest to Take On TSMC
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today,…
Montagu Taps TPG for €2 Billion Wireless Logic Continuation Fund
Private equity firm Montagu has raised a €2 billion ($2.3 billion) continuation fund for Wireless Logic, a provider of smart…
Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says
Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments, a growing campaign that…
Microsoft Signs $9.7 Billion AI Cloud Deal With Australia’s IREN
Microsoft Corp. has signed an approximately $9.7 billion deal to purchase AI cloud capacity from IREN Ltd., becoming the Australian…
Animoca Brands Plans Nasdaq Listing Through Reverse Merger
Animoca Brands, the Hong Kong-based crypto investor and blockchain developer, plans to go public on the Nasdaq stock exchange through…
Alphabet to Sell at Least €3 Billion Bonds to Fund AI Expansion
Alphabet Inc. is returning to Europe’s debt market for the second time this year with a multi-tranche sale, as the…
Adnoc CEO Says AI Raises Energy Investment Needs to $4 Trillion
The global energy industry needs annual investment of $4 trillion as the boom in data centers and artificial intelligence increases…
Abu Dhabi’s Adnoc Uses AI to Reduce Unplanned Shutdowns by Half
Abu Dhabi National Oil Co. has started to deploy artificial intelligence to vastly reduce sudden maintenance halts and to make…
Rothschild Sees More Global Firms Listing Indian Units Next Year
At least 10 multinational companies may list their Indian units in Mumbai over the next year as they seek higher…
Pony AI Is Said to Plan Pricing Hong Kong Listing at HK$139
Chinese autonomous driving firm Pony AI Inc. is telling prospective investors it plans to price its Hong Kong listing at…