Reading List

The most recent articles from a list of feeds I subscribe to.

EU officials are scrambling to resolve a growing trade clash with China over rare earths and chips, as the bloc gets caught between Beijing and Washington (Financial Times)

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NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B (Juby Babu/Reuters)

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Meta and TikTok say they will comply with Australia's under-16 social media ban, taking effect on December 10, but warn the landmark law may be hard to enforce (Agence France-Presse)

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Grokipedia, a Grok-based encyclopedia, launches with 885K+ articles, drawing from Wikipedia content; Elon Musk called it "a massive improvement" over Wikipedia (Washington Post)

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Sources: the Netherlands took control of Nexperia over fears its ex-CEO Zhang Xuezheng was dismantling its European operations and moving production to China (Toby Sterling/Reuters)

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A US judge decertifies a class action that accused Apple of monopolizing the market for iPhone apps, citing errors in the plaintiffs' damages model (Jonathan Stempel/Reuters)

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PayPal and Bilt, which offers rewards points for rent payments, say Bilt customers will be able to use Venmo to make rent and mortgage payments starting in 2026 (Paige Smith/Bloomberg)

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Chegg plans to cut 388 roles, or about 45% of its workforce, citing the "new realities of AI", and says Executive Chairman Dan Rosensweig is returning as CEO (Vallari Srivastava/Reuters)

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Toronto-based Wealthsimple, an online investment management service, raised CA$750M co-led by Dragoneer and GIC at a CA$10B post-money valuation (Josh Scott/BetaKit)

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NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020 (Vallari Srivastava/Reuters)

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Sources: Forge Global, a leading platform for trading stakes in private startups, is exploring a sale, after its stock fell 90% since its 2021 IPO (Financial Times)

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A look at Anthropic's success in corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32%, above OpenAI's 25% (Asa Fitch/Wall Street Journal)

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OpenAI urges the US to commit to building 100GW of new energy capacity each year to stay ahead of China in AI, and says "electrons are the new oil" (Ashley Capoot/CNBC)

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Sources: SAP is considering a new bid for accounting software company BlackLine, after its previous bid of nearly $4.5B was rejected in June (Milana Vinn/Reuters)

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Sources: Amazon plans to lay off ~10% of corporate staff, or ~30,000 people, its largest layoffs since 2022, to reduce costs and address pandemic overhiring (Greg Bensinger/Reuters)

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Filing: iRobot says its last potential buyer withdrew from the process and its financials remain dire, following Amazon abandoning a 2024 bid; IRBT drops 33%+ (Annie Palmer/CNBC)

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Sources: Microsoft's next Xbox will run Windows, letting users play PlayStation titles on Steam and the full Xbox console library, without a multiplayer paywall (Jez Corden/Windows Central)

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Internal memo: Vishal Shah, who led Meta's metaverse unit, will now lead AI product management; sources: Vibes was rushed out to get ahead of OpenAI's Sora (Hannah Murphy/Financial Times)

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China's MiniMax releases MiniMax M2, an open-source model optimized for AI agents and coding and priced at $0.30/1M input tokens and $1.20/1M output tokens (MiniMax)

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OpenAI estimates that around 0.07% of ChatGPT users active in a week show "severe mental health symptoms" like mania, and details its safety improvements (OpenAI)

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