A look at Chinese food delivery giant Meituan’s subsidy war with Alibaba and JD.com, leading Meituan to a big Q3 loss and internal debate over global expansion (Eleanor Olcott/Financial Times)
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Analysis: Oracle has moved $66B of debt for building AI data centers off its balance sheet using SPVs; Meta has moved $30B, xAI moved $20B, and CoreWeave $2.6B (Tabby Kinder/Financial Times)
Tabby Kinder / Financial Times: Analysis: Oracle has moved $66B of debt for building AI data centers off its balance sheet using SPVs; Meta has
Echo, which uses AI agents to build Docker images that eliminate vulnerabilities at the source, raised a $35M Series A, bringing its total funding to $50M (Ionut Arghire/SecurityWeek)
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In an experiment, Claude ran a vending machine in the WSJ newsroom and lost $1,000+ after it dropped prices to zero, gave away a free PlayStation, and more (Joanna Stern/Wall Street Journal)
Joanna Stern / Wall Street Journal: In an experiment, Claude ran a vending machine in the WSJ newsroom and lost $1,000+ after it dropped prices
How crypto entrepreneur Bill Zanker helped Trump and Melania launch memecoins; as of December 10, $TRUMP was down 92% since its peak and $MELANIA was down 99% (Bloomberg)
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Amazon Prime Video pulls its AI recaps, which it began testing in November, for Fallout, Bosch, and other shows after users noticed errors in the Fallout recaps (Emma Roth/The Verge)
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Hamish McKenzie says Substack is starting to test native sponsorships with some writers but won't take a cut for now (Emily Sundberg/Feed Me)
Emily Sundberg / Feed Me: Hamish McKenzie says Substack is starting to test native sponsorships with some writers but won’t take a cut for now
A technical deep dive into Amazon’s Trainium3 accelerator, including its server SKUs’ specifications, silicon design, power budget, and bill of materials (SemiAnalysis)
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Netflix sells game studio Spry Fox back to its co-founders, David Edery and Daniel Cook; the streamer has shrunk its six-studio gaming operation down to three (Stephen Totilo/Game File)
Stephen Totilo / Game File: Netflix sells game studio Spry Fox back to its co-founders, David Edery and Daniel Cook; the streamer has shrunk its
Databricks is raising $5B and expects sales to grow 55% this year, putting its post-money valuation at $134B, as AI costs squeeze gross profit margins (Cory Weinberg/The Information)
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