Olivia Poh / Bloomberg:
Grab reports Q3 revenue up 22% YoY to $873M, vs. 869M est., and an adjusted EBITDA of $136M, helped by offerings like group food orders and cheaper shared rides  —  Grab Holdings Ltd. raised its earnings forecast for the year after quarterly profit topped estimates, helped by novel offerings …

Financial Times:
Sources: China offers to cut data center power bills by up to 50% to Alibaba and others, if they use local chips like Huawei's over foreign ones like Nvidia's  —  Beijing introduces grants that slash power bills by up to half for some of the country's largest data centres

Bloomberg:
Sources: WeRide is set to raise ~$308M in its Hong Kong listing, planning to price shares at ~$3.48, representing a ~4% discount to its Monday Nasdaq close  —  WeRide Inc. raised HK$2.39 billion ($308 million) from its Hong Kong share sale, as it joined a slate of US-listed Chinese firms undertaking …

Katie Deighton / Wall Street Journal:
Coca-Cola releases upgraded AI-generated ads for 2025 holidays, after finding people didn't know or care about the use of AI, despite criticism for its 2024 ads  —  ‘Holidays Are Coming’ faster and cheaper for the soda giant, which caught heat last year for its AI-generated ads

Carl Franzen / VentureBeat:
Augmented Intelligence, which is building neuro-symbolic AI models, raised $20M in a bridge SAFE round at a $750M valuation, bringing its total funding to ~$60M  —  The buzzed-about but still stealthy New York City startup Augmented Intelligence Inc (AUI), which seeks to go beyond the popular …