Bloomberg:
Xiaomi reports Q3 revenue up 31% YoY to ~$12.8B, above ~$12.4B est., and a ~$738.5M net income, above ~$653M est., buoyed by growing smartphone and EV sales — – Xiaomi again raises delivery target for SU7 sedan for 2024 — Handset shipments grow thanks to continued industry recovery
Tim Berners-Lee’s Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI’s rise (Parmy Olson/Bloomberg)
Parmy Olson / Bloomberg:
Tim Berners-Lee’s Inrupt begins an early trial of its digital wallet in Belgium to help deliver social services to 7M citizens, as he worries over AI’s rise — The inventor of the World Wide Web is on a laudable mission to give everyone control of their online data. He’s fighting an uphill battle.
Samsung unveils a $7.2B share buyback plan, its first since 2017, aimed at boosting its stock, which has fallen 30%+ in 2024 on concerns over Chair Lee Jae-yong (Financial Times)
Financial Times:
Samsung unveils a $7.2B share buyback plan, its first since 2017, aimed at boosting its stock, which has fallen 30%+ in 2024 on concerns over Chair Lee Jae-yong — First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family
Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads (Reuters)
Reuters:
Sources and ads: Foxconn tells recruiters that help hire iPhone assembly workers in India to remove age, gender, and marital criteria and its name from ads — Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age …
How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI’s promise will require $1T+ for data centers, electricity, and more (Bloomberg)
Bloomberg:
How Wall Street is preparing to cash on AI hysteria; analysis say delivering on AI’s promise will require $1T+ for data centers, electricity, and more — Finance’s marquee names are ready to gatecrash the artificial-intelligence party. — At a dinner hosted by some of Morgan Stanley’s top bankers …
Q&A with The Verge EIC Nilay Patel on upcoming FCC chair Brendan Carr, the alliance between Trump and Musk and how it threatens the First Amendment, and more (Oliver Darcy/Status)
Oliver Darcy / Status:
Q&A with The Verge EIC Nilay Patel on upcoming FCC chair Brendan Carr, the alliance between Trump and Musk and how it threatens the First Amendment, and more — “All of these men are now hopelessly trapped in a problem their own platforms and algorithms created.”
Chinese smartphone manufacturers are ramping up their efforts in Europe to grab marketshare from Apple and Samsung with tech such as foldable devices (Financial Times)
Financial Times:
Chinese smartphone manufacturers are ramping up their efforts in Europe to grab marketshare from Apple and Samsung with tech such as foldable devices — Realme, Oppo and Honor are looking to challenge Samsung and Apple on the continent with fancier handsets
Edison: 31% of US weekly podcast listeners say YouTube is their most used platform to listen to podcasts, surpassing Spotify at 27% and Apple Podcasts at 15% (Ben Cohen/Wall Street Journal)
Ben Cohen / Wall Street Journal:
Edison: 31% of US weekly podcast listeners say YouTube is their most used platform to listen to podcasts, surpassing Spotify at 27% and Apple Podcasts at 15% — One of the most powerful companies in entertainment has become the king of podcasts because we don’t just listen to people talking into microphones for hours.
Trump: FCC commissioner Brendan Carr will chair the FCC; Carr has suggested limiting Section 230 of the Communications Act to curb Big Tech content moderation (Bloomberg)
Bloomberg:
Trump: FCC commissioner Brendan Carr will chair the FCC; Carr has suggested limiting Section 230 of the Communications Act to curb Big Tech content moderation — – Senior Republican on panel seeks to rein in tech, backs Musk — Carr wrote a chapter of Project 2025 on the FCC’s priorities
Trump says FCC commissioner Brendan Carr will chair the agency; Carr can immediately assume control once Trump is inaugurated as he is already on the commission (John Hendel/Politico)
John Hendel / Politico:
Trump says FCC commissioner Brendan Carr will chair the agency; Carr can immediately assume control once Trump is inaugurated as he is already on the commission — Carr can assume control of the agency once Trump takes office in January. — President-elect Donald Trump …
