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| Slow Peloton sales: Peloton has so far seen sluggish sales for its new artificial intelligence-powered bikes and treadmills, billed as the catalyst for a long-promised turnaround. Trade secret spat: TSMC sued a former executive who left for Intel, saying there’s a high likelihood he leaked trade secrets to his new employer. HP job cuts: The maker of PCs and printers said it would eliminate 4,000 to 6,000 positions over the next three years, relying more on AI to handle those duties, as it copes with rising costs including for memory chips. | |
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| Sword Health Chief Executive Officer Virgílio Bento says he’s not interested in an initial public offering for his digital health startup now valued at $4 billion. The company, which uses AI to deliver digital pain therapy and monitor patient progress in real time, is backed by US venture capital firms such as Founders Fund, Khosla Ventures and General Catalyst. | |
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| TikTok’s e-commerce effort, TikTok Shop, is no longer just a “dollar store” on the internet, Kurt Wagner reports in today’s Tech In Depth. The popular video app has hit a sweet spot for selling items from Rolex watches to Christmas turkeys directly to users in the app, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. | |
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| The story of how the role-playing game Kingdoms of the Dump, developed by two janitors, came to be reflects the democratization of video game development, Jason Schreier writes in this week’s Game On. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. | |
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- Soundbite for reporting on podcasting, the music industry and audio trends
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