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Sources: ByteDance’s VR unit Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since its 2021 acquisition, as global headset demand lags (Josh Ye/Reuters)

Josh Ye / Reuters: Sources: ByteDance’s VR unit Pico plans to cut “hundreds” of jobs and undertake its biggest overhaul since its 2021 acquisition, as global headset demand lags  —  ByteDance’s virtual reality (VR) arm Pico will cut jobs and undertake its biggest overhaul since it was acquired …

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Sources: X CEO Linda Yaccarino is leaning on her media industry links to bring back jittery advertisers, including meeting executives from the NFL and the NBA (Wall Street Journal)

Wall Street Journal: Sources: X CEO Linda Yaccarino is leaning on her media industry links to bring back jittery advertisers, including meeting executives from the NFL and the NBA  —  Media veteran drums up video deals with NFL, NBA and others as ‘training wheels’ for nervous brands

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Sources: Baidu ordered AI chips from Huawei in 2023, in a shift from Nvidia; a source says Baidu ordered 1,600 910B Ascend chips, worth ~$62M, for 200 servers (Reuters)

Reuters: Sources: Baidu ordered AI chips from Huawei in 2023, in a shift from Nvidia; a source says Baidu ordered 1,600 910B Ascend chips, worth ~$62M, for 200 servers  —  Baidu (9888.HK) ordered artificial intelligence chips from Huawei (HWT.UL) this year, two people familiar with the matter said …

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Uber reports Q3 revenue up 11% YoY to $9.3B, a $221M net income, gross bookings up 21% YoY to $35.3B, trips up 25% YoY to 2.4B, and a record 6.5M drivers (Kellen Browning/New York Times)

Kellen Browning / New York Times: Uber reports Q3 revenue up 11% YoY to $9.3B, a $221M net income, gross bookings up 21% YoY to $35.3B, trips up 25% YoY to 2.4B, and a record 6.5M drivers  —  Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income. 

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Samsung launches a $99 S Pen Creator Edition in the US, offering a larger, Apple Pencil-like design while lacking some smart features from other S Pen models (Ben Schoon/9to5Google)

Ben Schoon / 9to5Google: Samsung launches a $99 S Pen Creator Edition in the US, offering a larger, Apple Pencil-like design while lacking some smart features from other S Pen models  —  The S Pen has been a key selling point of many of Samsung’s products over the years, and the company is now debuting

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Intel CEO Pat Gelsinger says the company’s 18A chip design will move into test production by Q1 2024, part of its aims to reclaim chip leadership by 2025 (Nikkei Asia)

Nikkei Asia: Intel CEO Pat Gelsinger says the company’s 18A chip design will move into test production by Q1 2024, part of its aims to reclaim chip leadership by 2025  —  Chipmaker is chasing Samsung and TSMC as Qualcomm and Apple pose fresh challenge  —  Intel CEO Pat Gelsinger says his company’s …

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The impact of public cloud price hikes

The growth and success of cloud computing are undeniable. Also undeniable are concerns about increasing prices that have surfaced with this growth, especially as generative AI and associated development are on everyone’s to-do list. Price hikes are inevitable. Those that can produce, operate, and maintain cloud services also have their own increasing bills for talent,

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How Apache Arrow speeds big data processing

Working with big data can be a challenge, thanks to the performance overhead associated with moving data between different tools and systems as part of the data processing pipeline. Indeed, because programming languages, file formats and network protocols have different ways of representing the same data in memory, the process of serializing and deserializing data

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8 ways to fix open source funding

For all the successes of open source, developers are painfully aware of where the model starts to break down. What happens when the de facto lead developer gets tired of doing all the work, or when different groups start to squabble and the project splinters? Say a bug appears but no one can be bothered

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Sources: Intel scrapped a planned Vietnam investment in July 2023 that could have nearly doubled its operations, citing power supply and bureaucracy concerns (Francesco Guarascio/Reuters)

Francesco Guarascio / Reuters: Sources: Intel scrapped a planned Vietnam investment in July 2023 that could have nearly doubled its operations, citing power supply and bureaucracy concerns  —  Intel (INTC.O) has shelved a planned investment in Vietnam that could have nearly doubled the U.S. chipmaker’s operation there …

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NXP Semiconductors reports Q3 revenue down 0.3% YoY to $3.43B, beating $3.4B est., and forecasts strong Q4 profit due to strong automotive and industrial demand (Chavi Mehta/Reuters)

Chavi Mehta / Reuters: NXP Semiconductors reports Q3 revenue down 0.3% YoY to $3.43B, beating $3.4B est., and forecasts strong Q4 profit due to strong automotive and industrial demand  —  Chipmaker NXP Semiconductors (NXPI.O) forecast fourth-quarter profit above Wall Street targets on Monday …

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Sources: Shein aims for an $80B to $90B valuation in its US IPO, far exceeding its $50B to $60B valuation in private trades; Shein was valued at $100B in 2022 (Bloomberg)

Bloomberg: Sources: Shein aims for an $80B to $90B valuation in its US IPO, far exceeding its $50B to $60B valuation in private trades; Shein was valued at $100B in 2022  —  – Timing of Shein’s IPO remains uncertain given volatile market  — Valuation dropped to $50 billion in recent private trades

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After Big Tech cut thousands of trust and safety staff, Sero AI and other startups now offer the services for a fee, which experts say may not be as effective (Vittoria Elliott/Wired)

Vittoria Elliott / Wired: After Big Tech cut thousands of trust and safety staff, Sero AI and other startups now offer the services for a fee, which experts say may not be as effective  —  The burgeoning trust and safety industry promises to help tech companies navigate scrutiny and regulation.  But these services bring problems

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Omdia predicts India to be the fastest growing digital economy between now and 2027, with a 9.6% compound annual growth rate, driven by digital ad growth (Chloe Cornish/Financial Times)

Chloe Cornish / Financial Times: Omdia predicts India to be the fastest growing digital economy between now and 2027, with a 9.6% compound annual growth rate, driven by digital ad growth  —  US tech companies YouTube and Meta can expect to achieve rapid growth in video revenues, say analysts

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