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| Intel's disassembly: New CEO Lip-Bu Tan says Intel will spin off assets that aren't central to its mission as it works to replace the engineering talent it has lost, improve its balance sheet and better attune manufacturing processes to meet customer needs. Amazon's insecurity: The online retailer will resume metal-detector screening for employees leaving its warehouses, which was suspended during the pandemic, and is asking workers to register their personal phones in a bid to reduce theft. Sesame's fundraising: Brendan Iribe, who co-founded Oculus with Palmer Luckey, is in talks to raise more than $200 million from investors with his AI voice startup Sesame. Sequoia Capital and Spark Capital are in talks to co-lead the round. | |
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| Microsoft-backed AI startup Builder.ai dropped its revenue estimates for the second half of 2024 by about 25% after some sales channels "did not come through," according to Manpreet Ratia, its recently appointed CEO. The London-based company has hired auditors to examine its last two years of accounts. | |
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| Nintendo Co. has a history with gambling dating back to its origins. Starting out as the maker of hanafuda, playing cards popularly associated with betting games, the company has often chosen the riskier path in its own business decisions. With the Switch 2, however, it's taking the safe route, according to Takashi Mochizuki, who breaks down the new strategy of the 135-year-old Kyoto company. | |
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| Bloomberg Tech conference: As 2025 continues to disrupt expectations for the next phase of AI, open new frontiers in quantum computing and threaten an increase in sophisticated cyberattacks, investment strategies will have to innovate just as quickly. Join executives such as Uber's Dara Khosrowshahi, investors including Jeffrey Katzenberg and Nobel Laureate Jennifer Doudna – led by Bloomberg's Emily Chang and Tom Giles – to discuss how to navigate the hazards and multiply the opportunities created by technology's rapid changes. Register now for the event June 4-June 5 in San Francisco and save 30%. | |
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