CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks — The US Consumer Financial Protection Bureau will now treat those companies more like banks as long as they handle …
Baidu reports Q3 revenue down 3% YoY to $4.78B, net income up 14% YoY to $1.09B, and online marketing revenue up 12% YoY to $1.1B, driven by AI cloud business — BEIJING — Chinese tech giant Baidu on Thursday posted a 3% annual drop in third-quarter revenue, nevertheless beating market expectations amid AI cloud growth.
Google tightens its rules against “parasite SEO” content, or articles that have little to do with the website's focus, after cracking down on “reputation abuse” — Google is tightening its rules against “parasite SEO” content, or articles and pages that often have little …
SMIC's Shanghai-listed shares are up 120% from a September 2024 low, outperforming Nvidia and TSMC, on an expected boost from China's chip self-reliance push — - SMIC has more than doubled in two months as market eyes Trump — Competition looms and valuation not attractive: Morgan Stanley
ProRata, which is launching an AI search engine next month, inks licensing deals with DMG Media and more; sources say DMG bought a stake that values it at $130M — Groups including Guardian, Telegraph and Daily Mail agree licensing deals to ensure payment for content
Sources: Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the Elden Ring game, in the coming weeks; Kadokawa had a ~$2.7B market cap — Sony (6758.T) is in talks to acquire Kadokawa (9468.T), the Japanese media powerhouse behind the “Elden Ring” game …
Samsung unveils a $7.2B share buyback plan, its first since 2017, aimed at boosting its stock, which has fallen 30%+ in 2024 on concerns over Chair Lee Jae-yong — First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family
Q&A with The Verge EIC Nilay Patel on upcoming FCC Chair Brendan Carr, the alliance between Trump and Musk and how it threatens the First Amendment, and more — “All of these men are now hopelessly trapped in a problem their own platforms and algorithms created.”
Sources: in recent months, Nvidia has asked its suppliers to change the design of server racks for Blackwell GPUs several times to overcome overheating problems — Nvidia is grappling with new problems related to its much-anticipated Blackwell graphics processing units for artificial intelligence …
Sources: Tata Electronics agrees to buy a 60% stake in Pegatron's iPhone plant in Tamil Nadu, India, forming a joint venture, and will run the daily operations — India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India …
How Tim Cook may navigate Trump's presidency, a closer look at Apple's upcoming smart home command center, sources detail a new AirTag coming in 2025, and more — With its heavy reliance on China, Apple remains vulnerable to Donald Trump's tariffs. But Tim Cook likely has a plan to soften the blow.
Research center Bitácora Social estimates that six out of 10 catalog sellers in Mexico now sell products from online platforms, including Shein and Temu — A large community of catalog saleswomen are selling items from the Chinese platform. — • MEXICO CITY, MEXICO
Sources: ByteDance is valuing itself at about $300B as part of a recent buyback offer, one of its highest valuations ever — Investors see Trump victory as a positive with threat of TikTok ban looming in U.S. — TikTok parent ByteDance is valuing itself at about $300 billion …
A profile of and an interview with Aura Salla, a former Meta lobbyist turned EU Parliament member, who says the EU's Big Tech regulation went too far, too fast — Aura Salla was once the tech giant's top lobbyist in Brussels. Now, her presence as a regulator in the European Parliament is proving controversial.
An interview with Apple's Tim Millet and Tom Boger on Apple's chip strategy, making big changes to the Neural Engine after the 2017 transformer paper, and more — 'No other platform can touch our power performance per watt. That's the tangible benefit to users,' Tom Boger, Vice President of Mac Product Marketing at Apple, said.
Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...
