Simon Sharwood / The Register:
Tencent says it has slowed the pace of its GPU rollout since implementing DeepSeek, and that most of its GPU capex goes toward its ad and gaming businesses — Chinese giant says locals are more efficient than Western hyperscalers, and has tiny capex to prove it
Gaurav Bagur / The Ken:
Elara Capital report: Blinkit, Zepto, and Swiggy Instamart are generating $350M to $400M in annualized ad revenue, or ~50% of Amazon India’s FY 2024 ad revenue — Quick commerce is a money pit. If you take Zomato boss Deepinder Goyal at his word, the sector is torching Rs 5,000 crore ($580 million) every quarter.
Bloomberg:
European Central Bank Chief Economist Philip Lane says Europe needs a digital euro to avoid rising stablecoin risks and reduce reliance on US payment firms — Europe needs a digital currency to safeguard against threats from new forms of money like stablecoins, and reduce reliance …
Counterpoint Research:
Shipments of India-manufactured smartphones grew 6% YoY in 2024, with Samsung and Apple accounting for ~94% of exports; Samsung’s India exports grew 13% YoY — – Samsung retained its position as the top smartphone manufacturer in India in 2024, registering a growth of 7% YoY driven by a 13% YoY increase in its exports.
Paul Sawers / TechCrunch:
Stockholm-based Evroc, which plans to build hyperscale data centers in Europe and an array of cloud services, raised a $55M Series A from Blisce and others — A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding.
Bloomberg:
A look at Chinese AI startup Manycore, which develops spatial design software, has filed for a Hong Kong IPO, and reported a $58.3M loss from Q1 to Q3 2024 — China’s AI startup Manycore Tech Inc. is keen to grow its global presence, despite tensions between Washington and Beijing presenting …
Kara Fellows / CBS News:
Google says it uncovered 10K+ illegitimate listings, including for fake businesses, on Maps and files a lawsuit against the alleged scammers behind the fraud — Google says it uncovered thousands of illegitimate listings, including for fake businesses, on Google Maps and has announced …
Mary Ann Azevedo / TechCrunch:
Denver-based Multiply Mortgage, which provides an AI-based mortgage origination service for tech employees, raised a $23.5M Series A led by Kleiner Perkins — After hitting record lows at the start of the pandemic, mortgage rates began to climb in 2022 and haven’t come down significantly since.
Kif Leswing / CNBC:
At Nvidia’s Quantum Day, Jensen Huang walked back his January comments that cast doubt on the timeline for useful quantum computing and caused a stock selloff — Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.
Cheyenne Ligon / CoinDesk:
The US SEC says proof-of-work crypto mining doesn’t trigger federal securities laws and mining operators do not need to register their transactions with the SEC — In a staff statement published Thursday, the SEC said that both solo mining and mining pool operations would fail the first prong of the Howey Test.
