Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war — Meituan remains locked in a battle for supremacy with Alibaba Group and JD.com — Meituan , China's top food-delivery company …
Coinbase launches direct Indian rupee deposit and withdrawal rails via the Immediate Payment Service, aiming to remove its reliance on P2P and intermediaries — Coinbase announces INR rails to make the platform fully accessible to Indian retail traders. … What to know:
Experts say ChatGPT, Gemini, and other Western AI models are turbocharging Iran's cyber operations, helping it develop malware and launch phishing attacks — Western AI models are turbocharging Tehran's cyber operations, helping it develop malware and launch attacks
AI adoption follows the J-curve path of general-purpose tech, like early US factory electrification, requiring years of investment before noticeable ROI gains — A framework to understand your firm's AI transformation — I had tea with a senior exec at a well-known public tech company last month.
Sources: Apple delays iPhone-connected smart glasses to late 2027, aiming to disrupt the mid-tier $200-$500 eyewear market the way it disrupted the watch market — Also: The latest on iOS 27, iOS 28, new Apple TV and HomePod mini. — Apple isn't just going after Meta with its upcoming iPhone-connected smart glasses.
A look at AMD CEO Lisa Su's and Nvidia CEO Jensen Huang's contrasting China playbooks, with Su keeping a lower profile; China accounts for ~20% of AMD's revenue — When AMD CEO Lisa Su arrived in China last week just days after Nvidia's CEO left, she kept a much lower profile than Jensen Huang …
Anthropic cuts its list of unauthorized secondary market sellers from eight to four after the initial notice caused panic and pushback from investors — Anthropic PBC updated its warning about secondary markets for its shares, cutting the number of unauthorized platforms by half …
How Schneider Electric is using AI in call centers and manufacturing to complement employees' work and boost productivity, rather than to replace them — For many chief executives, success in adopting artificial intelligence is measured by the number of jobs they can eliminate.
Sources detail AI companies' engagement with US FERC as the energy regulator readies a June proposal to speed up data center connections to regional power grids — “The hyperscalers, when they do come speak to us, they don't speak FERC,” Swett said. “Their complaints about the utilities …
MediaTek says it has started to use Intel Foundry's advanced chip packaging in addition to TSMC's, as the mobile chip designer bets on AI demand for growth — TAIPEI — MediaTek says it has started working with Intel for advanced chip packaging in addition to its existing relationship with TSMC …
Paxos says the US SEC has approved its registration as a clearing agency, allowing it to provide clearing and settlement services for eligible transactions — Quick Take — Paxos said its subsidiary, Paxos Securities Settlement Company (PSSC), has received registration as a clearing agency …
Sources: Australia-founded Airwallex, which Keith Rabois accused of being a “Chinese backdoor”, is relocating some staff out of China amid its US expansion — Australia-founded Airwallex is pursuing US expansion amid intensifying rivalry between Washington and Beijing
Sources: Germany and Spain are leading opposition to EU plans to ban Chinese suppliers like Huawei from telecom networks as part of new cybersecurity rules — Germany and Spain are leading opposition to European Commission plans to ban Chinese technology suppliers from telecom networks …
Xreal launches a new sub-brand, X by Xreal, and the $299 a01 display glasses with micro OLED displays, 50° FOV, and 62g weight, set for July release in the US — X by Xreal is arriving in July for $299, and they look to compete with TCL's budget glasses.
Spotify co-CEO Alex Norström defends the company's expansion into AI-generated music, arguing that “controlled” products are superior to unregulated AI “slop” — Streaming app strikes deal with Universal allowing subscribers to create ‘controlled’ covers and remixes
Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...
