Eric Geller / Wired:
Experts expect Trump to relax business cybersecurity rules, drop human rights concerns on spyware, and take an aggressive stance on US adversaries’ cyber armies — Experts expect Donald Trump’s next administration to relax cybersecurity rules on businesses, abandon concerns around human rights …
Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022 (Alessandro Parodi/Reuters)
Alessandro Parodi / Reuters:
Estonian ride-hailing and food delivery startup Bolt says it hit €2B in annual revenue and plans a 2025 IPO; Bolt had an $8B+ valuation in January 2022 — Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue …
Apple releases updates to Final Cut Pro, adding AI-generated closed captions and Vision Pro spatial video editing, and Logic Pro for macOS and iPadOS (John Voorhees/MacStories)
John Voorhees / MacStories:
Apple releases updates to Final Cut Pro, adding AI-generated closed captions and Vision Pro spatial video editing, and Logic Pro for macOS and iPadOS — Today, Apple revealed the latest updates to Final Cut Pro for the Mac and iPad, with both offering a variety of new features and simplified workflows.
JD.com reports Q3 revenue up 5.1% YoY to ~$36B, above $35.9B est., and net income up 48% YoY to ~$1.6B, suggesting a recovery in segments of China’s economy (Bloomberg)
Bloomberg:
JD.com reports Q3 revenue up 5.1% YoY to ~$36B, above $35.9B est., and net income up 48% YoY to ~$1.6B, suggesting a recovery in segments of China’s economy — JD.com Inc.’s quarterly revenue rose 5.1%, suggesting Chinese consumers are cautiously spending again as Beijing tries to revitalize the economy.
Sonos reports Q4 revenue down 8% YoY to $1.5B, spent $4M on “app recovery investments”, and has released 16 app updates and “restored 90% of missing features” (Chris Welch/The Verge)
Chris Welch / The Verge:
Sonos reports Q4 revenue down 8% YoY to $1.5B, spent $4M on “app recovery investments”, and has released 16 app updates and “restored 90% of missing features” — Sonos is still trying to climb out from the hole it dug itself earlier this year by recklessly shipping …
Indian mom-and-pop “kirana” stores are struggling to compete with quick commerce on discounts and delivery; ~200K kirana stores have closed in the past year (Rest of World)
Rest of World:
Indian mom-and-pop “kirana” stores are struggling to compete with quick commerce on discounts and delivery; ~200K kirana stores have closed in the past year — Services like Blinkit and Zepto are estimated to put more than 25% of India’s neighborhood kirana stores out of business by 2030.
London-based Tessl, which is building an AI to write and maintain code, raised $125M across seed and Series A, sources say at a $500M+ post-money valuation (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch:
London-based Tessl, which is building an AI to write and maintain code, raised $125M across seed and Series A, sources say at a $500M+ post-money valuation — Many startups and larger tech companies have taken a crack at building artificial intelligence to code software.
How Grab built GrabMaps by using data from drivers, users, and merchants in 500+ Southeast Asian cities, adding 800,000+ km of missing roads to OpenStreetMap (Michelle Anindya/Rest of World)
Michelle Anindya / Rest of World:
How Grab built GrabMaps by using data from drivers, users, and merchants in 500+ Southeast Asian cities, adding 800,000+ km of missing roads to OpenStreetMap — The super-app uses its own drivers and cameras to create hyperlocal maps in eight countries. — • JAKARTA, INDONESIA
A look at “blind box livestreaming”, an e-commerce trend in China that has become an entertaining and, some users and experts said, addictive pastime (New York Times)
New York Times:
A look at “blind box livestreaming”, an e-commerce trend in China that has become an entertaining and, some users and experts said, addictive pastime — How many plastic trinkets would you end up with? The game keeps many addicted, buyers and spectators alike.
How the rise of automation in manufacturing across China, the largest market for industrial robots, is forcing the country’s manufacturing workforce to adapt (Eleanor Olcott/Financial Times)
Eleanor Olcott / Financial Times:
How the rise of automation in manufacturing across China, the largest market for industrial robots, is forcing the country’s manufacturing workforce to adapt — Crouched around a whirring machine on the upper floor of Zongwei’s factory in Suzhou, a group of engineers puts China’s next generation …
