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November 30, 2024, 12:25 AM
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| Ingrid Lunden / TechCrunch: |
Sources: Meta plans to build a fiber-optic subsea cable that is 40,000+ kilometers long and extends around the world, a project that could cost more than $10B — Meta, the parent of Facebook, Instagram, and WhatsApp, is the second-biggest driver of internet usage globally.
More: The Verge, Neowin, WinBuzzer, International Business Times, TechSpot, SiliconANGLE, iPhone in Canada Blog, Nairametrics, Engadget, Silicon UK, Tom's Hardware, ZeroHedge News, Business Insider, Benzinga, Telecoms Tech News, NewsBytes, Reuters, CNBC, and Capacity Media
Threads: @mazdaksafaei, @mazdaksafaei, @documentingmeta, @mazdaksafaei, @mazdaksafaei, @rene_sellmann, @harlancohen, @mazdaksafaei, and @mazdaksafaei
Bluesky: @edadamsa2.bsky.social, @heddita.bsky.social, @hqcook.bsky.social, @sanjanah.bsky.social, and @seanokane.bsky.social
X: @ahamednishadh, @pigol1, @rscottwilly, @ebitdaddy90, @rihardjarc, @skorusark, @renesellmann, @rohanpaul_ai, @sundeep, @fomocapdao, @jimpethokoukis, @lindenjohan, @thexcapitalist, @deitaone, @lifebypixels, and @jai_bhavnani
Forums: r/technology and Slashdot
| Ingrid Lunden / TechCrunch: |
Salesforce says global online Thanksgiving day sales hit $33.6B, up 6% YoY, and $8.1B in the US, up 8% YoY; Adobe says US online sales hit $6.1B, up ~9% YoY — Thanksgiving weekend has long been seen as the traditional start of the most important sales period for retailers, and so far …
More: Adobe, Salesforce, Business Insider, Digital Commerce 360, The Hill, RetailWire, WWD, Fox Business, CNN, Forbes, and NTD
| Josh Rubin / Toronto.com: |
Major Canadian news organizations, including Torstar, Postmedia, and CBC, sue OpenAI, alleging breach of copyright and terms of use — A broad coalition of Canada's major news organizations, including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press and CBC …
More: Postmedia, Moneycontrol, The Guardian, Reuters, CBC News, Washington Post, MobileSyrup, The Verge, The Hill, financialpost, BetaKit, TechCrunch, The Indian Express, The Information, CryptoSlate, iPhone in Canada Blog, The Hollywood Reporter, Business Insider, Deadline, Bloomberg, The Logic, and Globe and Mail
Bluesky: @mickeydjuric.bsky.social. X: @jtemperton, @michellerempel, @michellerempel, @gerritd, @michellerempel, @michellerempel, and @mickeydjuric. Forums: Slashdot
| Sergiu Gatlan / BleepingComputer: |
Report: Russia arrested notorious cybercriminal Mikhail Matveev for developing malware and running hacking groups; US DOJ filed charges against him in 2023 — Russian citizen and notorious ransomware affiliate Mikhail Pavlovich Matveev (also known as Wazawaka, Uhodiransomwar, m1x … | Bloomberg: |
Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus — - Ishiba promised more than ¥10 trillion in outlays on chips, AI — Some of the funds are seen going to foundry startup Rapidus| Akila Quinio / Financial Times: |
Sources: European regulators rebuked Wise in 2022 after finding it lacked proof of address for hundreds of thousands of customers, forcing it into remediation — Regulatory review in 2022 found fintech lacked proof of address for hundreds of thousands of customers
More: Tech Monitor, PYMNTS.com, The Paypers, Finextra, and Reuters
| Shannon Connellan / Mashable: |
Bluesky replies now default to appear by “hotness”, which weights liked replies that are more recent more heavily; some say this rewards clout farming like X — Not everyone is happy about it being the default. — Bluesky replies will now default to appear by “hotness” … | Reuters: |
Delivery Hero's Talabat, one of the largest food delivery services in the UAE, sets its Dubai IPO price at the top end of its range and plans to raise ~$2B — Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering …
More: Reuters, Delivery Hero, Wall Street Journal, Forbes ME, Bloomberg, Bloomberg, and Tech in Asia
X: @niklasoestberg, @_iainmartin, and @talabat
| Steven Rosenbush / Wall Street Journal: |
Q&A with cognitive scientist Gary Marcus on technical limitations and moral inadequacies of LLMs, constructing a regulatory framework for AI, and more — The U.S. should create an artificial intelligence agency led by a cabinet-level position, Marcus argues| Financial Times: |
Sequoia's former China unit HongShan is pushing for deals in Europe and North Asia, as it struggles to deploy $9B due to a weak domestic market and US controls — Neil Shen's HongShan has struggled to invest its $9bn cash pile in a weak domestic market and tough US controls
More: TechCrunch, Tech in Asia, Inc42 Media, and This Week in Fintech
| Vanessa Friedman / New York Times: |
How Amazon Haul, a storefront for fashion, home, and other items at “ultralow prices”, reflects the “haul” shopping phenomenon popularized by YouTube and TikTok — It is the shopping phenomenon of our times, and now it's an Amazon store.
More: Fast Company, Bloomberg, MakeUseOf, Althouse, and Tech in Asia
| Manish Singh / TechCrunch: |
Filing: Zomato has raised $1B by issuing approximately 336.5M shares at about $3 each, its first major fundraise since its 2021 IPO — Indian food delivery app Zomato has raised $1 billion from institutional investors, completing its first major fundraise since its 2021 IPO.| Bloomberg: |
Experts worry about the unintended consequences of Australia's controversial but popular social media ban on under-16s; Meta, TikTok, and X expressed concerns — - Children under 16 barred from popular social media sites — Politicians under pressure to stem online bullying, grooming
More: Financial Times, Prime Minister of Australia, The Guardian, Associated Press, BBC, Sherwood News, The Sun, The Information, RedState, The Indian Express, TechSpot, Silicon UK, 9to5Mac, BetaNews, Yahoo News, TweakTown, CCN.com, The Economic Times, Silicon Republic, Deutsche Welle, Tech Xplore, Business Today, CleanTechnica, The Independent, The Guardian, News18, BusinessLIVE, SiliconANGLE, Kyodo News+, CNN, ABC, Crikey, Reuters, The Register, WAGA-TV, Benzinga, New York Times, Tech.co, iPhone in Canada Blog, The Sun, The Verge, Engadget, IGN, Silicon Republic, Al Jazeera, Boing Boing, UPI, The Indian Express, Newser, Meta Australia Policy Blog, TechCrunch, Metro.co.uk, and Patently Apple
Mastodon: @ameel@mastodon.social. Bluesky: @bartorchard.daliban.social and @theronbaumann.bsky.social. X: @cameronwilson
LinkedIn: Roy Smith, Marcus Carter, Stephan A. Schwartz, and Joshua Murchie
Forums: r/worldnews, r/askspain, and Slashdot
| Victoria Kim / New York Times: |
More: Reuters, Daily Mail, CBC News, PhoneArena, The Information, MediaPost, CMU, Fortune, The Indian Express, Wccftech, The Economic Times, Agence France-Presse, NewsBytes, 9News, Business Today, NEOS KOSMOS, The Guardian, New York Times, ABC, Crikey, NBC News, The Hill, Althouse, Business Insider, Forbes, Just The News, PhoneArena, Reuters, Axios, 9to5Mac, and Semafor
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Threads: @carnage4life. Bluesky: @kint.bsky.social. X: @compbureau, @khushitavasant, @chrispavlovski, @mediamorphis, @jason_kint, @mgeist, @jason_kint, and @paulvieira. LinkedIn: Gunes Menghwar. Forums: Slashdot