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Tech Across the Globe

Food delivery deal: DoorDash, the leading food delivery company in the US, has bid $3.6 billion for UK-based Deliveroo, which said it would be inclined to look favorably on the offer if it’s formalized before a May 23 deadline.

Microsoft’s sales strategy: Microsoft plans to use third-party firms to handle more sales of software to small and mid-size customers, joining rivals in trying to adjust strategy in the age of AI.

Musk-scale fundraising: Elon Musk’s XAI Holdings, the combined entity spanning his social network and AI development startup, is in talks with investors to raise roughly $20 billion in funding.

Revalued

Butterfly Effect, the Chinese startup behind Manus AI, secured a $75 million funding round that roughly quintupled its valuation to almost $500 million. The financing, led by US venture firm Benchmark, signals the appetite for AI continues unabated. The startup is developing artificial intelligence agents to handle everyday tasks.

Must read

Intel Corp.’s new CEO Lip-Bu Tan got a tough welcome from Wall Street when he held his first quarterly earnings announcement last week, Ian King reports in today’s Tech In Depth. Analysts and investors want to hear what Tan is going to do to turn the once-mighty chipmaker around. While Intel’s new boss hasn’t yet laid out detailed plans, Tan has pointed to one area he’ll try to change: the corporate culture he calls slow and bureaucratic. For more of Bloomberg’s coverage of the technology industry, subscribe here.

This week in Game On

In this week’s Game On, Jason Schreier interviews the 30-year-old director of a fascinating new game called Sunderfolk. The game, he writes, is a colorful, cooperative dungeon-crawling game where you team up with friends to go on quests and fight monsters, using your phone as a controller. For more of Jason’s coverage of the video game industry, subscribe here.

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