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| Tax rethink: Canada has withdrawn its digital services tax on technology companies such as Meta and Alphabet, in a move to rekindle trade talks with the US. Successor aforethought: Masayoshi Son gave the outlines of a succession plan at SoftBank, although he said he intends to stay in control for another decade. DeepSeek ouster: Germany's privacy regulator warned Apple and Google that Chinese AI service DeepSeek is illegal, signaling the tech companies must remove it from their app stores or face penalties. | |
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| Measured by the ratio of unicorn startups produced per $1 billion invested, Australia ranks first in the world. But the country is grappling with a funding winter. Its startups raised $3.4 billion in 2024, little changed from the previous year and down sharply from a peak of $6.5 billion in 2021, according to data from PitchBook. | |
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| Elon Musk's renewed focus on Tesla has coincided with the departure of several top lieutenants at the electric carmaker, Ed Ludlow reports in today's Tech In Depth. With Tesla staggered by reduced demand tied to Musk's forays into US politics, and the company ratcheting up its efforts on robots and robotaxis, Ludlow writes, the exits raise questions about whether Tesla has enough operational expertise to execute Musk's plans. 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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| Summer Game Fest in Los Angeles has replaced the once-dominant, and flashy, E3 convention, writes Jason Schreier in this week's Game On. Among his impressions: Summer Game Fest, like the video game industry itself, felt diminished. 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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