Bloomberg : Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC s...
Baidu receives a license to test its Apollo Go robotaxi service in Hong Kong, Baidu's first known permit for autonomous vehicle testing outside mainland China — China's Baidu (9888.HK) has received a licence to test autonomous vehicles with its Apollo Go robotaxi service in Hong Kong …
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Elon Musk files for an injunction to halt OpenAI's transition to a for-profit, alleges that OpenAI is discouraging investors from backing rivals like xAI, more — Attorneys for tech billionaire Elon Musk have filed for a preliminary injunction against OpenAI, several of its co-founders …
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Bluesky now requires parody or fan accounts to label themselves as such after a researcher found 44% of its 100 most-followed accounts have a doppelganger — Parody and fan accounts will have to clearly label their profiles. — Bluesky has updated its impersonation policy to be …
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OpenAI says it plans to build data centers in parts of the US Midwest and Southwest; sources: OpenAI is spending $5B+ a year and is “not close to breaking even” — ChatGPT-maker aims for big boost from new AI products, Apple partnership and infrastructure investment
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Salesforce says online Black Friday sales hit $74.4B globally, up 5% YoY, and $17.5B in the US, up 7% YoY; Adobe says US online sales hit $10.8B, up 10.2% YoY — The momentum of Thanksgiving — which saw consumers spend a record $33.6 billion spent globally online on the day — looks like it continued into Black Friday, with a bang.
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Ex-Meta crypto chief David Marcus says there was no legal or regulatory angle for the government to kill its Libra project and “it was 100% a political kill” — How Libra Was Killed. I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan's pod, it feels appropriate to shed more light on this. As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a
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Google, which joined the Open Cloud Coalition, denies its offer of €100M+ in incentives to CISPE was linked to CISPE's antitrust complaint against Microsoft — El Reg has seen the presentation to CISPE members which sources say was intended to keep the lawsuit over licensing alive
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The Commonwealth Bank of Australia says generative AI tools have helped it lower frauds by 30% and reduce call center customer wait times by 40% in 2024 — - Customer scam losses at Commonwealth Bank cut in half — CEO Matt Comyn says many more AI use cases in development
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How Tony Sayegh, head of public affairs at a major TikTok investor and an official in the first Trump admin, led the effort to win Trump's support for TikTok — Tony Sayegh led the effort to win Trump's support for the popular app with ties to China — When the Biden administration …
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Salesforce says global online Thanksgiving day sales hit $33.6B, up 6% YoY, and $8.1B in the US, up 8% YoY; Adobe says US online sales hit $6.1B, up ~9% YoY — Thanksgiving weekend has long been seen as the traditional start of the most important sales period for retailers, and so far …
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A look at the DOJ's proposed remedies in the Google Search antitrust case, and why forcing a sale of Chrome might not be biggest threat to Google's power — Selling Chrome might not be the most painful part of the DOJ's antitrust demands for Google.
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Q&A with cognitive scientist Gary Marcus on technical limitations and moral inadequacies of LLMs, constructing a regulatory framework for AI, and more — The U.S. should create an artificial intelligence agency led by a cabinet-level position, Marcus argues
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How Amazon Haul, a storefront for fashion, home, and other items at “ultralow prices”, reflects the “haul” shopping phenomenon popularized by YouTube and TikTok — It is the shopping phenomenon of our times, and now it's an Amazon store.
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MicroStrategy is now the largest corporate holder of bitcoins, owning ~2% of them, and its stock is up 450%+ this year, as its risky bitcoin strategy continues — Despite massive fundraising plans, the stock is up 450% this year, valuing the company at about $90bn
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Major Canadian news organizations, including Torstar, Postmedia, and CBC, sue OpenAI, alleging breach of copyright and terms of use — A broad coalition of Canada's major news organizations, including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press and CBC …
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Report: Russia arrested notorious cybercriminal Mikhail Matveev for developing malware and running hacking groups; US DOJ filed charges against him in 2023 — Russian citizen and notorious ransomware affiliate Mikhail Pavlovich Matveev (also known as Wazawaka, Uhodiransomwar, m1x …
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Samsung Galaxy S24 FE review: reasonable price, telephoto camera, and a big screen, but the screen isn't that sharp and other ~$500 phones offer more value — The S24 FE feels less like a ‘Fan Edition’ and more like an exercise in retail positioning. … There's something bugging me about Samsung's “Fan Edition” phone line.
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Bluesky replies now default to appear by “hotness”, which weights more recent liked replies more heavily; some say this rewards clout farming like X — Not everyone is happy about it being the default. — Bluesky replies will now default to appear by “hotness” in a contentious update to the social media platform.
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Sources: ByteDance execs fear that launching its own AI models, or apps powered by the models, in the US could give lawmakers another excuse to attack TikTok — TikTok owner ByteDance, whose artificial intelligence chatbot is a major hit in China, wants to compete worldwide in generative AI.
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Sources: European regulators rebuked Wise in 2022 after finding it lacked proof of address for hundreds of thousands of customers, forcing it into remediation — Regulatory review in 2022 found fintech lacked proof of address for hundreds of thousands of customers
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Sources: Meta plans to build a 40K+ km-long fiber optic subsea cable extending around the world, a project that could cost more than $10B — Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally. Its properties — and their billions of users …
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Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus — - Ishiba promised more than ¥10 trillion in outlays on chips, AI — Some of the funds are seen going to foundry startup Rapidus
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Didi reports Q3 revenue up 5% YoY to $7.44B and a net income of $128M, its second straight quarterly profit, as the company prepares for a Hong Kong IPO — - China's ride-hailing leader is recovering from a crackdown — The company is now angling to return to capital markets
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Chinese food delivery giant Meituan reports Q3 revenue up 22.4% YoY to $12.9B, net profit up 3x YoY to $1.78B, and core delivery business up 20.2% YoY to $9.57B — China's largest food delivery firm Meituan (3690.HK) posted a bigger-than-expected 22.4% rise in third-quarter revenue on Friday, defying sluggish Chinese consumption.
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Sequoia's former China unit HongShan is pushing for deals in Europe and North Asia, as it struggles to deploy $9B due to a weak domestic market and US controls — Neil Shen's HongShan has struggled to invest its $9bn cash pile in a weak domestic market and tough US controls
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