Kuo: Apple AR headset to launch in late 2022 with an M1-like chip and no tethering to a Mac or an iPhone; Apple wants to replace the iPhone with AR in 10 years
Apple's long-rumored augmented reality (AR) headset project is set to bear its first fruit late next year with the launch …
Italy fines Apple and Google €10M each for “aggressive” data practices and not providing users with clear enough information on commercial uses of their data
Apple and Google have been fined €10 million apiece by Italy's competition and market authority (AGCM) …
Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country
Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid
Sources: China asked Didi Global to delist from the NYSE citing concerns about leaking sensitive data; options include privatization or a Hong Kong listing
- Regulators asked Didi brass to devise a plan to go private — Forced delisting will be severest action against China Tech
UK's CMA says Google has agreed to expanded oversight in the development of Privacy Sandbox as part of the regulator's antitrust investigation
As part of an ongoing antitrust investigation into Google's Privacy Sandbox by the UK's competition regulator, the adtech giant has agreed …
Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says it has 90M+ customers after entering nine markets since the start of 2020
- Klarna posted a pre-tax loss of 3.1 billion Swedish krona ($344 million) from January to September, a fourfold increase from the same period a year ago.
EU proposes broad disclosures about political ads and banning targeting based on sensitive data, but not microtargeting, and fines of up to 5% of global revenue
Sam Schechner / Wall Street Journal :
Israel reduces the countries approved for export of cyber tools from 102 to 37, most of which are in the West, after the US sanctioned NSO Group and Candiru
which was also accused of using NSO technology on journalists, opposition politicians, and activists — remains on the updated list. https://twitter.com/... Chris Fralic / @chrisfralic : “Pegasus is co...
Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report
Bengaluru: Payments firm Paytm, in its first quarterly earnings as a public company, reported a nearly 64% jump in its consolidated revenue from operations … Source: Paytm .
Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago
Samsung's $17 billion bet on Texas mirrors large spending increases in Asia and elsewhere — SEOUL—Investment in U.S. chip production is on the rise.
Sources: Cloud Village, the music streaming arm of Chinese gaming giant NetEase, raises ~$422M in a Hong Kong IPO, pricing shares at HK$205, or ~$26.30, each
- Cloud Village prices shares at midpoint of HK$205 after delay — Chinese tech firms listing in Hong Kong face new data rules
Source: WhatsApp has almost 20M users in India using its payment services and received regulatory approval to double the number to 40M
WhatsApp (FB.O) has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge told Reuters on Friday.
China considers setting up a digital asset exchange in Beijing as it calls for faster trials of the digital yuan
China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies.
Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown
CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come under pressure in China
Pinterest settles discrimination lawsuits by releasing former employees from NDAs and pledging $50M to overhaul its corporate culture and promote diversity
How one Nigerian university student turned to cybercrime during the pandemic to pay his bills, driven by high unemployment, few well-paying jobs, and boredom
UMC and Micron agree to withdraw their IP complaints against each other, with UMC paying Micron a one-time undisclosed sum, following a years-long legal battle
Debby Wu / Bloomberg :
A look at some key design challenges in crypto and Web3, from onboarding to wallet security, that need to be addressed for the next generation of users
this is just a slice of the design challenges we face. Imagine being the designer or engineer that creates the new, standard way to do something in web3. The impact is huge. It's 1998 and we don't eve...
Meituan reports Q3 revenue of $7.6B and a loss of $1.57B, including a $532M antitrust fine in October, its largest quarterly loss in three years
Brenda Goh / Reuters :
Chinese e-commerce company Pinduoduo reports $3.3B in Q3 revenue, up 51% YoY, vs. $4.1B estimated, and 741.5M MAUs, up 15% YoY; stock is down 15%+
Coveo, which offers AI-powered enterprise search and personalization services, raises CAD$215M from its Toronto IPO, one of Canada's largest tech IPOs this year
Stefanie Marotta / Bloomberg :
Chinese GPU maker Moore Threads raises a $313M Series A co-led by Source Code Capital, Shanghai Guosheng Group, and Bohai Sheng Industrial Fund Management
Liya Su / DealStreetAsia :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.