Kraken launches a Mastercard-powered debit card with 1% cashback and multi-asset spending in the UK and EU as part of a global rollout of its Krak money app (James Hunt/The Block) https://www.theblock.co/post/380354/kraken-krak-cashback-debit-card-salary-deposits-high-yield-vaults
Techmeme
Kraken launches a Mastercard-powered debit card with 1% cashback and multi-asset spending in the UK and EU as part of a global rollout of its Krak money app
By James Hunt / The Block. View the full context on Techmeme.
TikTok Shop expands into luxury retail, offering items such as Hermes' $11,000 handbags, primarily sold by secondhand resellers using AI to verify authenticity (Alexandra S. Levine/Bloomberg)
Bloomberg.com
TikTok Shop Pushes Into Luxury Retail With $11,000 Handbags
TikTok is moving into luxury retail, part of an effort to expand its TikTok Shop marketplace into a high-end shopping destination for purses and wa...
Techmeme
TikTok Shop expands into luxury retail, offering items such as $11,000 Hermès handbags, primarily sold by secondhand resellers using AI to verify authenticity
By Alexandra S. Levine / Bloomberg. View the full context on Techmeme.
Japanese chipmaker Rapidus plans to start building a second plant in Hokkaido in fiscal 2027, aiming to make advanced 1.4nm chips as early as 2029 (Nikkei Asia)
Nikkei Asia
Japan's Rapidus to build cutting-edge 1.4-nm chip plant in race with TSMC
Construction to begin in fiscal 2027, production to start as early as 2029
Techmeme
Japanese chipmaker Rapidus plans to start building a second plant in Hokkaido in fiscal 2027, aiming to make advanced 1.4nm chips as early as 2029
From Nikkei Asia. View the full context on Techmeme.
Klarna launches KlarnaUSD, its first stablecoin, running on Stripe and Paradigm's Tempo blockchain, aiming to "reduce costs" in international payments (Pritam Biswas/Reuters) https://www.reuters.com/business/finance/klarna-launch-dollar-backed-stablecoin-race-digital-payments-heats-up-2025-11-25/
Techmeme
Klarna unveils KlarnaUSD, its first stablecoin, currently in testing on Stripe and Paradigm
By Pritam Biswas / Reuters. View the full context on Techmeme.
China is aggressively deploying AI and robotics to maintain its status as the world's manufacturing hub, and major companies are pioneering AI "dark factories" (Brian Spegele/Wall Street Journal) https://www.wsj.com/tech/ai/ai-robots-china-manufacturing-89ae1b42?st=wTHV3o&reflink=desktopwebshare_permalink
Techmeme
China is aggressively deploying AI and robotics to maintain its status as the world
By Brian Spegele / Wall Street Journal. View the full context on Techmeme.
A look at how tech executives use "delay, deny, and deflect" when pressed on user safety and what it means for journalism, as shame loses power over public life (Casey Newton/Platformer)
Platformer
Roblox is a problem — but it’s a symptom of something worse
What is the role of tech journalism in a world where CEOs no longer feel shame?
Techmeme
A look at how tech executives use “delay, deny, and deflect” when pressed on user safety and what it means for journalism, as shame loses power over public life
By Casey Newton / Platformer. View the full context on Techmeme.
X's location tool shows revenue sharing incentivizes US political content from international sock puppet and bot accounts, making polarization a side hustle (Jason Koebler/404 Media)
404 Media
America’s Polarization Has Become the World's Side Hustle
The 'psyops' revealed by X are entirely the fault of the perverse incentives created by social media monetization programs.
Techmeme
X
By Jason Koebler / 404 Media. View the full context on Techmeme.
South Korea, the EU, the UK, Saudi Arabia, the UAE, and others aim to build "sovereign AI"; Gartner expects $1.5T in AI spending in 2025, up 50% from 2024 (Jiyoung Sohn/Wall Street Journal) https://www.wsj.com/tech/ai/sovereign-ai-takes-off-as-countries-seek-to-avoid-overdependence-on-superpowers-6b1689f7?st=T4Ui5X&reflink=desktopwebshare_permalink
Techmeme
South Korea, the EU, the UK, Saudi Arabia, the UAE, and others aim to build “sovereign AI”; Gartner expects $1.5T in AI spending in 2025, up 50% from 2024
By Jiyoung Sohn / Wall Street Journal. View the full context on Techmeme.
X exposing political accounts' location shows why trust and safety teams mattered: to combat coordinated inauthentic behavior, not "censorship" of viewpoints (Mike Masnick/Techdirt)
Techdirt
X’s New Feature Reveals Why Trust & Safety Work Was Never About The ‘Censorship Industrial Complex’
For the last few years, Matt Taibbi, Michael Shellenberger, and their allies have spent considerable energy attacking both academic researchers stu...
Techmeme
X exposing political accounts
By Mike Masnick / Techdirt. View the full context on Techmeme.
Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending (Luz Ding/Bloomberg)
Bloomberg.com
Alibaba’s AI Arm Surges 34% Though Big Spending Hits Profit
Alibaba Group Holding Ltd. posted better-than-projected 34% revenue growth in its cloud business, offsetting a plunge in profit after the company u...
Techmeme
Alibaba reports Q2 revenue up 5% YoY to ~$35B, vs. ~$34.5B est., Chinese e-commerce revenue up 16% YoY, and net income down to ~$3B, as it boosts cloud spending
By Luz Ding / Bloomberg. View the full context on Techmeme.