Sources: Shein recorded $32.2B in sales in 2023, up 40% YoY, compared with 37% YoY growth in 2022, and doubled its net profit to $1.6B, for a 5% profit margin (Jing Yang/The Information)

Jing Yang / The Information:
Sources: Shein recorded $32.2B in sales in 2023, up 40% YoY, compared with 37% YoY growth in 2022, and doubled its net profit to $1.6B, for a 5% profit margin  —  China-founded fast fashion giant Shein lifted its net profit margin even as it posted slightly faster revenue growth in 2023 …

Nokia CEO Pekka Lundmark made a phone call using new "immersive audio and video" tech that uses 3D sound on a 5G smartphone, as part of the 5G Advanced standard (Supantha Mukherjee/Reuters)

Supantha Mukherjee / Reuters:
Nokia CEO Pekka Lundmark made a phone call using new “immersive audio and video” tech that uses 3D sound on a 5G smartphone, as part of the 5G Advanced standard  —  Nokia (NOKIA.HE) CEO Pekka Lundmark made a phone call using a new technology called “immersive audio and video” …

A look at the problems of building AI products, like inaccurate answers, and potential solutions, like focusing on narrow domains and abstracting the outputs (Benedict Evans)

Benedict Evans:
A look at the problems of building AI products, like inaccurate answers, and potential solutions, like focusing on narrow domains and abstracting the outputs  —  I will fly to India on Monday for a brief trip, and so I just spent an hour struggling through a very buggy online visa application process.

Data suggests Project Green Light, Google's AI system deployed in 14 cities to adjust traffic light timing, reduced stop-and-go traffic at intersections by 30% (Christopher Mims/Wall Street Journal)

Christopher Mims / Wall Street Journal:
Data suggests Project Green Light, Google's AI system deployed in 14 cities to adjust traffic light timing, reduced stop-and-go traffic at intersections by 30%  —  Most cities can't afford smart traffic signals.  Fortunately, data from new cars—and even drivers' smartphones—can make old-fashioned traffic lights work a lot better.

Apple's AI push isn't so much about its current devices, but enabling its next wave of AI-intensive devices that may eventually supplant a smartphone (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Apple's AI push isn't so much about its current devices, but enabling its next wave of AI-intensive devices that may eventually supplant a smartphone  —  Apple's push into artificial intelligence will go beyond software and help enable a wave of next-generation devices.

How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy (Zuha Siddiqui/Rest of World)

Zuha Siddiqui / Rest of World:
How Uber-owned Careem went from Pakistan's ride-hailing leader to a distant third player after deprioritizing the country due to its unstable economy  —  After falling from dominance, Careem is experimenting — from corporate rides to price bidding — to maintain its presence in Pakistan.