Nintendo reports Q3 revenue down ~33% YoY to ~$2.8B, net profit down ~33% YoY to ~$831M, both below est, 4.8M Switch sales, and cuts Switch and profit forecasts — The Kyoto-based company now expects ¥280 billion ($1.8 billion) in operating income in the fiscal year to March, slashing more than a fifth from its prior forecast.
An analysis of FEC filings shows Elon Musk spent $288M+ to elect Trump and other Republicans, the 2024 election's biggest donor; Musk's America PAC raised $263M — Billionaire Elon Musk spent at least $288 million to help elect President Donald Trump and other Republican candidates …
The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung — - Seoul court upholds Jay Y. Lee's earlier victory on appeal — The Samsung scion can now focus on turning around the firm
Stablecoins are becoming a core part of financial infrastructure in emerging markets, expanding beyond cross-border payments into consumer finance and more — Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to more than 100 countries.
Intel received €515.55M in default interest from the EU after it was reimbursed a €1.06B fine levied in 2009; EU's top court sided with Intel in October 2024 — U.S. chipmaker Intel (INTC.O) has received 515.55 million euros ($536 million) in default interest from EU antitrust regulators related …
Reliance Retail launches the Shein app in India, with control over operations and data and Shein acting as a technology partner, years after the app's ban — Chinese fast-fashion platform Shein has relaunched in India through a partnership with local conglomerate Reliance's retail chain …
A look at Future You, an AI-based research tool that lets users interact with a virtual older self and is currently being used by 60,000 people from 190 nations — A new artificial-intelligence tool allowed me to talk to my 80-year-old self. It's going to be quite a life.
A US man pleads guilty to a cyberstalking campaign against a professor, including by creating chatbots on Crushon.ai and JanitorAI using her personal info — James Florence, 36, agreed to plead guilty after using victim's information to guide chatbots in impersonation
India announces a new $1.15B Fund of Funds for startups with an “expanded scope” compared to previous initiatives, and extends tax benefits for startups — India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms …
In a Reddit AMA, Sam Altman admitted that DeepSeek has lessened OpenAI's lead and said OpenAI has been “on the wrong side of history” concerning open sourcing — To cap off a day of product releases, OpenAI researchers, engineers, and executives, including OpenAI CEO Sam Altman …
A look at the online scam industry in Southeast Asia and how Indians became its targets; 2,358 Indians were rescued from scam compounds between 2022 and 2024 — Essential background on how the online scam industry sprung up and evolved - and how Indians became its targets.
Israel-based Anchor, a platform for automated invoice management and collection, raised a $20M Series A, and plans to expand in the US and double its workforce — The company, which saw 500% growth in 2024, plans to expand in the U.S. and double its workforce. — Anchor — Funding — Fintech
A close look at DeepSeek, which is estimated to have access to ~50K Hopper GPUs, a total server capex of ~$1.3B, and a GPU spend of $500M+ over its history — The DeepSeek Narrative Takes the World by Storm — DeepSeek took the world by storm. For the last week, DeepSeek has been the only topic …
Adobe Chief Strategy Officer Scott Belsky leaves the company to join A24 film studio as a partner; he co-founded Behance, which Adobe acquired for $150M in 2012 — Belsky is an entrepreneur, author and creator who in 2006 founded Behance, an online platform that is used by more than 50 million professionals …
How Epic is transforming Fortnite into a content platform, paying $350M to creators in 2024; 36.5% of the total playtime was spent in games made by creators — What are creator made islands competing for players' attention if nothing but decentralized channels in a centralized ecosystem?
Ian King / Bloomberg : SK Group Chair Chey Tae Won says Anthropic has asked SK Hynix for supplies to make its own chips, calling it remar...
