Wall Street Journal:
Sources: TikTok CEO Shou Chew, who has known Elon Musk for several years, has sought Musk's counsel in recent weeks on the incoming Trump administration — Popular video app and Chinese parent ByteDance view rival social-media owner as conduit to the president-elect
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Saturday, November 23, 2024
Sources: TikTok CEO Shou Chew, who has known Elon Musk for several years, has sought Musk's counsel in recent weeks on the incoming Trump administration (Wall Street Journal)
Strava's new API rules for third parties will make it harder for users across dozens of fitness apps and wearables to integrate their fitness data in one place (Victoria Song/The Verge)
Victoria Song / The Verge:
Strava's new API rules for third parties will make it harder for users across dozens of fitness apps and wearables to integrate their fitness data in one place — It might seem odd for one app's users to fume over an API, but at the heart of the matter is the inherent messiness of fitness data.
A look at challenges facing Samsung Executive Chairman Lee Jae-yong, including the company falling behind in the AI chip race and discontent from employees (Financial Times)
Financial Times:
A look at challenges facing Samsung Executive Chairman Lee Jae-yong, including the company falling behind in the AI chip race and discontent from employees — Chip woes and labour unrest test the mettle of third-generation leader of South Korea's most valuable company
An investigation finds several women across the US were deceived, drugged, terrorized, and sexually enslaved by sex traffickers to make money from OnlyFans (Reuters)
Reuters:
An investigation finds several women across the US were deceived, drugged, terrorized, and sexually enslaved by sex traffickers to make money from OnlyFans — OnlyFans gives women the chance to earn money by making porn. Sex traffickers also use the platform to abuse and exploit them, say police and prosecutors.
Friday, November 22, 2024
Three Nvidia customers spent a collective $12.6B in Q3, when it had a total revenue of $35.1B; each of them spent $10B+ in the nine months to October (Christiaan Hetzner/Fortune)
Christiaan Hetzner / Fortune:
Three Nvidia customers spent a collective $12.6B in Q3, when it had a total revenue of $35.1B; each of them spent $10B+ in the nine months to October — Nvidia founder and CEO Jensen Huang doesn't have any real competition in the market for AI training chips. — MADS CLAUS RASMUSSEN—RITZAU SCANPIX/AFP VIA GETTY IMAGES
The EU closes a four-year long investigation into Apple's rules for e-book and audiobook app developers after the complainant withdrew its complaint (Foo Yun Chee/Reuters)
Foo Yun Chee / Reuters:
The EU closes a four-year long investigation into Apple's rules for e-book and audiobook app developers after the complainant withdrew its complaint — EU antitrust regulators on Friday closed a four-year long investigation into Apple's (AAPL.O) rules for competing e-book and audiobook apps developers …
A UK CMA report finds that Apple's policies hold back innovation in mobile browsers and recommends investigating Apple and Google's mobile ecosystems (Tim Hardwick/MacRumors)
Tim Hardwick / MacRumors:
A UK CMA report finds that Apple's policies hold back innovation in mobile browsers and recommends investigating Apple and Google's mobile ecosystems — Apple's restrictions on mobile browsers are limiting innovation and holding back new features that could benefit iPhone users …
Microsoft President Brad Smith calls on Donald Trump to "push harder" against cyberattacks from Russia, China, and Iran amid a wave of state-sponsored hacks (Tim Bradshaw/Financial Times)
Tim Bradshaw / Financial Times:
Microsoft President Brad Smith calls on Donald Trump to “push harder” against cyberattacks from Russia, China, and Iran amid a wave of state-sponsored hacks — Big Tech group's president calls on new US administration to take tougher approach on state-sponsored cyber attacks
Thursday, November 21, 2024
CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks (Paige Smith/Bloomberg)
Paige Smith / Bloomberg:
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 (Evelyn Cheng/CNBC)
Evelyn Cheng / CNBC:
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.
Wednesday, November 20, 2024
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" (Mia Sato/The Verge)
Mia Sato / The Verge:
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 (Bloomberg)
Bloomberg:
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 (Daniel Thomas/Financial Times)
Daniel Thomas / Financial Times:
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
Tuesday, November 19, 2024
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 (Reuters)
Reuters:
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 …
Monday, November 18, 2024
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 (Financial Times)
Financial Times:
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
Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)
Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...
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The first project we remember working on together was drawing scenes from the picture books that our mom brought with her when she immigrate...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...