Tech Meme

Michael C. Horowitz / Foreign Affairs: How advances in AI and autonomous systems, new tech, and lower costs are shifting global wars towards “precise mass”, or the mass deployment of uncrewed systems  —  Technology Is Remaking War—and America Must Adapt  —  At the beginning of the war in Ukraine in 2022 … Lees verder op Tech Meme

Sidhartha Shukla / Bloomberg: In its first annual report, Walmart’s PhonePe reports FY 2024 revenue grew 74% YoY to ~$602M, net losses down 28% YoY to ~$237M, and 200M MAUs as of March 2024  —  – PhonePe released its first detailed annual report on Monday  — The fintech saw its loss shrink 28% to about 20 billion rupees Lees verder op Tech Meme

Bloomberg: India’s Supreme Court strikes down a tribunal order that let Byju’s settle debts with India’s cricket board, pushing the edtech startup firmly toward insolvency  —  India’s top court struck down a tribunal order that allowed Byju’s to settle debts with a creditor, pushing the online tutor … Lees verder op Tech Meme

Ian King / Bloomberg: Texas Instruments says it is nearing recovery after Q3 sales fell for the eighth straight quarter to $4.15B, down 8.4% YoY, and projects Q4 sales below est.  —  – Company has suffered eight straight quarters of sales declines  — CEO says end of glut should be close, despite tepid forecast Lees verder op Tech Meme

Joanna Stern / Wall Street Journal: An interview with Craig Federighi on the launch of Apple Intelligence features like notification summaries in iOS 18.1, Siri, Apple’s AI strategy, and more  —  Our columnist reviews the first wave of AI features coming to iPhones with iOS 18.1, and asks Apple’s software chief why so much is still missing Lees verder op Tech Meme

Sarah Perez / TechCrunch: Foursquare plans to sunset its City Guide app on December 15, 2024 to focus on check-in app Swarm, reversing a 2014 decision to split its services into two apps  —  “I would be lying if I didn’t admit that I have been in a real funk these last few days over this news,” writes Foursquare … Lees verder op Tech Meme

The Information: Sources: Shein’s revenue growth slowed to 23% YoY to $18B in H1 2024 and its profit declined 70%+ YoY to just under $400M, as competition with Temu intensifies  —  Shein’s march toward an initial public offering has gotten tangled in a web of regulatory scrutiny on three continents this year. Lees verder op Tech Meme

Ian King / Bloomberg: Texas Instruments says it is nearing recovery after sales fell for the eighth straight quarter in Q3 to $4.15B, down 8.4% YoY, and projects Q4 sales below est.  —  – Company has suffered eight straight quarters of sales declines  — CEO says end of glut should be close, despite tepid forecast Lees verder op Tech Meme

Manish Singh / TechCrunch: Paytm receives regulatory approval to resume adding UPI payments users, following an eight-month Reserve Bank of India’s restrictions on many of its operations  —  Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users … Lees verder op Tech Meme

Filipe Espósito / 9to5Mac: Sources: Apple is working on a new App Store-like app dedicated to games that will integrate with the user’s Game Center profile  —  It’s been a month since Apple released iOS 18 to the public, but the company is already working on future software updates.  Interestingly, as Apple … Lees verder op Tech Meme