Latest news with #YazhouSun
Bloomberg
30-04-2025
- Business
- Bloomberg
DoorDash's Bid for Deliveroo Marks End of Europe's Food Delivery Boom
By Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Yazhou Sun unpacks what DoorDash's offer to buy Deliveroo means for an industry that's fallen hard from its pandemic highs. Snap expectations: The parent of the Snapchat social app declined to issue a sales forecast for the current period, saying US trade policies and economic headwinds are buffeting its advertising business.
Bloomberg
25-03-2025
- Business
- Bloomberg
China Floods the World With AI Models After DeepSeek's Success
By and Yazhou Sun Save DeepSeek did more than just show the AI industry you don't have to spend billions to build artificial intelligence. It fired up a long-dormant Chinese tech industry — and now Western names from OpenAI Inc. to Nvidia Corp. may pay the price. Since DeepSeek upstaged OpenAI in January with a powerful model that purportedly cost just several million dollars to build, China's tech leaders have flooded the market with a rapid succession of low-cost AI services, undercutting premium offerings from the likes of OpenAI and Alphabet Inc.'s Google. Chinese companies have in the past two weeks rolled out no fewer than 10 major product updates or releases — and that's just the big names.
Bloomberg
13-02-2025
- Business
- Bloomberg
French AI Summit Lays Groundwork for Business, Not Political Success
Billed as a setting for international governance, the event mostly delivered as a networking session By and Benoit Berthelot Save Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Yazhou Sun and Benoît Berthelot report from France's lukewarm AI summit and its busier sideline events. Surprising Sony: Led by a new CEO, Sony reported a surprisingly upbeat holiday quarter. The Tokyo company sold 9.5 million PS5s, lifted its outlook and beat expectations for a double-digit profit decline with a slight improvement.
