Temu-Owner PDD beats profit estimates as revenue growth slows to 8%
PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose …
Nvidia has bought into a third land and power company this month
Nvidia took a minority stake in Cloverleaf Infrastructure on Friday. Cloverleaf secures land and electricity for data centres. It is the third company of that kind Nvidia has boug…
Valor, Point72 back General Intuition at $6B valuation as AI startup pushes into robotics
General Intuition, the startup building a foundation model that trains generalized AI agents how to move through space and time, is in talks to raise at a $6 billion pre-money val…
Taiwan indicts Nvidia manager over chips shipped to China
Taiwanese prosecutors have indicted a senior Nvidia manager and eight others over an alleged scheme that shipped 74 servers containing B300 chips to China via Japan and Indonesia.…
OpenAI is building AI agents for everything. Will everyone use them?
Inside the frontier lab’s push to bring AI agents from software engineers to the masses.
His headphones kept cutting out, so he read the AliExpress code
A developer worked out why his Bluetooth headphones kept dropping his music, and the answer was on the AliExpress homepage. The Register reported the story on Monday, drawing on t…
Workers are rewriting their LinkedIn histories, and 2022 now looks 30% more AI-skilled than it was
A working paper analysing 29.4 million US LinkedIn profiles found nearly a fifth had retroactively edited a job they had already left, with AI-related additions rising more than s…
Apollo blames social engineering for a four-day breach in July
Apollo Global Management has told people that hackers reached their names, dates of birth, contact details, home addresses and Social Security numbers. The private equity firm set…
TCS buys Porsche’s MHP for €320m and lands a €1.25bn contract with it
Tata Consultancy Services is buying MHP, the management and IT consultancy Porsche has owned for years, for €320m, and signing a five-year engagement with the carmaker worth €1.25…
Xiaomi’s new Xring O3 is built at TSMC, and aimed at a few hundred thousand phones
Xiaomi has launched the Xring O3, a system-on-chip that TSMC will manufacture on its 3-nanometre process, according to two people familiar with the matter who spoke to Reuters. Th…
Brake problems in GM EVs draw greater federal scrutiny
In one crash, the driver of a 2024 Blazer EV said they had to "deliberately steer the vehicle into a concrete curb" to slow it down and avoid a "catastrophic intersection collisio…
Twitch and Amazon face a class action over livestream AI training
A Twitch streamer sued Twitch and Amazon on 20 August over the use of livestreams to train Amazon’s generative AI. The complaint runs to 37 pages. Counsel filed it in the Northern…
Thomson Reuters built its own model on a Chinese open base
Thomson Reuters launched its first proprietary large language model on Monday. The company calls it Thomson. It says it spent $40mn on talent and compute to train the model, and t…
Hugging Face reportedly in talks to be acquired for $13B
Hugging Face has reportedly been fielding acquisition offers that would value the company at around $13B. But with the founders' feeling of responsibility to community, doubts ari…
US nutrition startup Berry Street merges with India’s Healthify as GLP-1 trends upwards
Berry Street founder Noah Kotlove and Healthify founder Tushar Vashisht will act as co-CEOs of the new entity.
Employer of record or entity: choose before someone chooses for you
Almost nobody plans how to employ people abroad. They solve one urgent hire, and three years later that improvised answer has become the company’s international employment structu…
Velocity named AdTech Platform of the Year as AI reshapes digital advertising
Digital advertising is entering another structural shift. For years, the industry has been organized around webpages, search queries, social feeds, mobile apps, and increasingly c…
XPENG’s robotics arm has raised more than $900M ahead of its humanoid production run
XPENG said on Monday that its robotics business has raised more than $900M in what the company described as its first funding round, a substantial sum for a unit that has yet to s…
GoWish, the Danish wishlist app, is valued at more than $200mn ater its last raising
GoWish has raised fresh funding at a valuation of more than $200mn, according to Bloomberg, which reported the round on Monday. The company is one of the more unusual businesses t…
Phonak’s new EON hearing aids run two AI systems on a chip built to sip power
Phonak has launched EON, a hearing aid platform built around a newly developed processor the company calls HYPERSONIC, which it says runs two artificial intelligence systems in pa…
Alibaba launches Wan3.0, its 30-second video model, days after raising $10bn
Alibaba has launched Wan3.0, the latest version of its video generation model, days after raising roughly $10.2bn in a Hong Kong share placement whose proceeds it has earmarked en…
UK fintech funding has fallen to its lowest level in at least a decade
Funding for UK fintech companies has dropped to its lowest level in at least ten years, according to Bloomberg, which reported the figures on Sunday. The decline lands on a sector…
Hugging Face explores a sale at a $13bn valuation, nearly triple its last one
Hugging Face has retained bankers to test the market for a sale at a valuation of $13bn or higher, according to Business Insider, which reported that talks are early and that no b…
Nvidia is in talks to back Perplexity at more than $30bn
Nvidia has been discussing an investment in Perplexity that would value the AI search company at more than $30bn, according to The Information, which reported that the two sides a…