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.
Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined A$50M — - Australia's social media laws to be among strictest in world — Children under age of 16 will be banned from opening accounts
Cloud backup startup Eon raised $70M led by BOND at a $1.4B valuation, taking its total funding to $200M since its January 2024 founding by AWS alumni — - BOND led a $70 million funding round, Eon's third this year — Cloud backup startup was founded by Amazon Web Services alumni
Reddit COO Jen Wong says ~50% of current users are located outside the US, and the company is developing new search tools to simplify navigation on Reddit — Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks …
Alibaba releases QwQ-32B-Preview under an Apache 2.0 license and claims the “reasoning” AI model beats OpenAI's o1 models on the AIME and MATH tests — A new so-called “reasoning” AI model, QwQ-32B-Preview, has arrived on the scene. It's one of the few to rival OpenAI's o1 …
Anthropic updates Claude to add custom writing styles tailored to users, aiming to personalize its replies, following similar ChatGPT and Gemini features — Anthropic is adding a new feature to its Claude AI assistant that will give users more control over how the chatbot responds to different writing tasks.
IDC expects global smartphone shipments to rise 6.2% YoY to 1.24B units in 2024, with Android shipments growing 7.6% YoY and iPhone shipments growing 0.4% YoY — Worldwide smartphone shipments are forecast to grow 6.2% year-over-year in 2024 to 1.24 billion units, according …
Singapore, which has clear AV guidelines, is deploying self-driving buses and more as a way to overcome labor shortages and use its scarce land more efficiently — The tiny country has embraced autonomous vehicles as a way to overcome labor shortages and use its scarce land more efficiently.
Game console makers rethink selling more powerful machines, as performance improvements become less dramatic and consumers can't tell between 4K and 8K graphics — The human eye can't really tell the difference between 4K and 8K resolution. — Video game console manufacturers …
Google proposes Search tweaks in Europe to comply with the DMA, including removing the map showing hotel locations and results in Germany, Belgium, and Estonia — Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic …
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship device the “smartest” Mate phone, as it faces US chip curbs — Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market. Now it is rolling out its newest phone, the Mate 70 series.
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019 — Coding boot camps once looked like the golden ticket to an economically secure future. But as that promise fades, what should you do?
Sources: Sony is in the early stages of developing a portable console to play PS5 games, building on the PlayStation Portal, although its launch is years away — - Nintendo's Switch has dominated mobile console space for years — Rival Microsoft is also developing portable gaming prototypes
Sources: Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake in the past year; Cantor holds most of Tether's $134B in assets — Before becoming Trump's commerce secretary pick, Lutnick deepened Cantor's ties with a stablecoin firm under investigation
Thoughts on Apple TV's history and future; sources: a larger-than-usual number of features scheduled for iOS 19 have been postponed to iOS 19.4 in spring 2026 — Apple doesn't need its own TV set. But it should make a low-cost TV streaming stick to bring its content, apps and smart home features to more households.
Billy Perrigo / Time : An in-depth look at the UK's AI Safety Institute, whose researchers test AI systems for risks and for capabili...
