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May 27, 2025, 8:10 AM
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| Luz Ding / Bloomberg: |
Temu-owner PDD reports Q1 revenue up 10% YoY to ~$13.3B, below ~$14.4B est., and says it is fulfilling US orders exclusively via local warehouses and merchants — The company reported revenue of 95.7 billion yuan ($13.3 billion), falling shy of the average analyst estimate of 101.6 billion yuan, for the quarter ended March.
More: Investor's Business Daily, Reuters, and PDD Holdings Inc.
X: @briantycangco and @ahern_brendan
| Bloomberg: |
Xiaomi reports Q1 revenue up ~50% YoY to ~$15.5B, above ~$15.17B est., as it invests heavily in autonomous EVs and growing its smartphone business — Revenue rose to 111.3 billion yuan ($15.5 billion), Xiaomi said in a statement Tuesday, beating the average analyst estimate of 109 billion yuan.
More: South China Morning Post, Reuters, MarketWatch, Xiaomi Corporation, and CNBC
| Edith Hancock / Wall Street Journal: |
The European Commission says it is investigating Pornhub, Stripchat, XNXX, and XVideos for potential child safety DSA violations “as a matter of priority” — New rules compel large online platforms to do more to protect users from harmful illegal content
More: European Commission, BBC, Agence France-Presse, Reuters, Euractiv, and Financial Times
X: @jh_tar and @veronikacifrova
| Keeping Tabs by The Browser Company: |
The Browser Company says it is pivoting away from its Arc browser to build AI-native browser Dia, citing Arc's complexity and limited mass-market appeal — On Arc, its future, and the arrival of AI browsers — a moment to answer the largest questions you've asked us this past year. — The Browser Company
More: 9to5Mac, TechCrunch, and TechIssuesToday.com
Bluesky: @dame.is. Mastodon: @nicklockwood@mastodon.social. X: @lyalindotcom, @ludwigabap, @altryne, @thesaraloretta, @petergyang, @naaackers, @morganlinton, and @joshm
Forums: r/ArcBrowser and r/swift
| Jose Antonio Lanz / Decrypt: |
Researcher: factoring 2048 bit RSA integers could be done with ~20x fewer noisy qubits than previously estimated, though still far beyond current quantum tech — Google just dropped a new research paper, and Bitcoin maxis may want to do some quick math. The tech giant's quantum team found … | Heather Somerville / Wall Street Journal: |
Documents: self-driving truck startup TuSimple transferred critical autonomous driving tech and data to Chinese partners despite a 2022 agreement with CFIUS — TuSimple shared with Beijing a best-in-class autonomous driving system—and became a prime example of Washington's shortcomings in keeping critical technology in the U.S.| Simon Willison / Simon Willison's Weblog: |
Researchers detail an exploit in GitHub's official MCP server that lets hackers trick an LLM agent into leaking private information about the MCP user — GitHub MCP Exploited: Accessing private repositories via MCP (via) GitHub's official MCP server grants LLMs a whole host of new abilities …
More: Invariant Labs. Bluesky: @dcuthbert, @kennwhite, @lukaszolejnik, and @simonwillison.net
Mastodon: @mikesax@mas.to, @tante@tldr.nettime.org, @mttaggart@infosec.exchange, and @simon@fedi.simonwillison.net
X: @lbeurerkellner and @convexdad
Forums: Hacker News, r/programming, and Lobsters
| Alexios Mantzarlis / Indicator: |
The top contributor to X's Community Notes is Web3 Antivirus, a startup that uses an automated process to flag crypto scam posts and has posted 52,000 times — I thought someone was gaming X's crowdsourced moderation; instead, they appear to be helping clean up the platform's mess for free.| Akila Quinio / Financial Times: |
The UK, which launched open banking in 2018, is seeing its fintech sector struggle to make open banking-powered payments a viable alternative to card payments — London was a world leader for payments technology but now risks falling behind — Simply sign up to the Fintech myFT Digest — delivered directly to your inbox.
More: Watcher Guru and PYMNTS.com
| Financial Times: |
European industrial groups Schneider, Siemens, ABB, and Legrand collectively added €151B in market value due to AI demand after ChatGPT's November 2022 launch — Electrical equipment makers including ABB and Legrand are surging thanks to a pivot to data centre infrastructure| Anna Heim / TechCrunch: |
SpAItial, which is building text-to-3D environment generation tools, raised a $13M seed led by Earlybird and plans to license its foundation model to developers — From OpenAI's 4o to Stable Diffusion, AI foundation models that create realistic images from a text prompt are now plentiful.
More: Tech.eu, The Decoder, Tech in Asia, EU-Startups, Maginative, and Tech Funding News
| Jessica Mathews / Fortune: |
Tesla is set to launch its robotaxi service in Austin in June, but city officials say they are still awaiting important information regarding safety protocols — As soon as one week from today, the first driverless Tesla robotaxis could begin zipping passengers through the streets of Austin …
More: Motley Fool
| Financial Times: |
India's crypto industry is lobbying for tax cuts on domestic trading, hoping to seize on New Delhi's softening crypto stance as it negotiates a US trade deal — Government's attitude to digital assets has thawed following Trump's return to White House, say executives — Chris Kay in Mumbai and Krishn Kaushik in New Delhi
More: CoinDesk, The Crypto Times, Coinpedia Fintech News, Cryptopolitan, and Coinspeaker
| Edith Hancock / Wall Street Journal: |
The EU says Shein's practices breach its rules against false discounts, deceptive product labels, and more, and warns Shein may face fines if it doesn't comply — European Union regulators said China-founded e-commerce platform Shein's sales tactics fall foul of EU law and that the company … Sponsor Posts
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