Marshall Cohen / CNN:
CCDH: before the election, Elon Musk made 87 X posts that were debunked by fact-checkers, hitting 2B+ views; his political posts had 17.1B views since July 2024 — In the run up to the high-stakes 2024 presidential election, Elon Musk has posted a blizzard of false and misleading claims …
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded (Ben Jiang/South China Morning Post)
Ben Jiang / South China Morning Post:
AppGrowing: in Q3, Moonshot, Zhipu, ByteDance, Alibaba, and other Chinese AI companies spent ~$70.2M to promote their AI chatbots, as the market gets crowded — Tech giants such as Alibaba and ByteDance along with start-ups spent US$70.2 million in the third quarter to promote generative AI products, report finds
Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous (Arjun Kharpal/CNBC)
Arjun Kharpal / CNBC:
Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its fiscal Switch sales forecast to 12.5M vs. 13.5M previous — Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.
Perplexity CEO Aravind Srinivas says his offer to help NYT was “to provide technical infra support” and “not to replace journalists or engineers” amid push back (Devin Coldewey/TechCrunch)
Devin Coldewey / TechCrunch:
Perplexity CEO Aravind Srinivas says his offer to help NYT was “to provide technical infra support” and “not to replace journalists or engineers” amid push back — The CEO of AI search company Perplexity, Aravind Srinivas, has offered to cross picket lines …
Google, Temasek, and Bain: online spending in Southeast Asia will reach $263B in 2024, up 15% YoY, the lowest growth rate since at least 2017, amid inflation (Olivia Poh/Bloomberg)
Olivia Poh / Bloomberg:
Google, Temasek, and Bain: online spending in Southeast Asia will reach $263B in 2024, up 15% YoY, the lowest growth rate since at least 2017, amid inflation — – Elevated inflation and interest rates hit online consumption — AI-ready data centers emerge as a bright spot for investments
Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and July of up to 165 Snowflake customers including AT&T (Bloomberg)
Bloomberg:
Sources: Canadian authorities arrested Alexander “Connor” Moucka, who is allegedly behind hacks in June and July of up to 165 Snowflake customers including AT&T — – Connor Moucka taken into custody on provisional arrest warrant — Stolen logins used to access Snowflake customer accounts
Meta is extending its ban on new political ads past Election Day in the US, “until later this week” (Jonathan Vanian/CNBC)
Jonathan Vanian / CNBC:
Meta is extending its ban on new political ads past Election Day in the US, “until later this week” — Meta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S. — The social media giant announced the political ads policy update on Monday …
Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar (Hannah Lang/Reuters)
Hannah Lang / Reuters:
Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar — A consortium of financial technology and cryptocurrency companies including Robinhood (HOOD.O), Kraken and Galaxy Digital …
Caitlin Kalinowski, who served as Meta’s head of AR glasses from March 2022 to July 2024 and oversaw Orion, joins OpenAI to lead robotics and consumer hardware (Maxwell Zeff/TechCrunch)
Maxwell Zeff / TechCrunch:
Caitlin Kalinowski, who served as Meta’s head of AR glasses from March 2022 to July 2024 and oversaw Orion, joins OpenAI to lead robotics and consumer hardware — Meta’s former head of augmented reality glasses announced on Monday she is joining OpenAI to lead robotics and consumer hardware, according to a post on LinkedIn.
Sources: OpenAI is in early talks with the California AG’s office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG (Bloomberg)
Bloomberg:
Sources: OpenAI is in early talks with the California AG’s office to become a for-profit company; letter: it also has discussed the shift with the Delaware AG — – Legal status change may face scrutiny over IP valuations — Firm in early talks with California attorney general’s office
