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Tech Across the Globe

Nvidia buys (some) Intel: The $4 trillion chipmaker has agreed to buy a $5 billion stake of Intel and partner up to co-develop chips for PCs and data centers. The surprise move will help the ailing industry pioneer.

New Ray-Bans: Mark Zuckerberg used the annual Meta Connect conference to debut new additions to the company’s lineup of smart glasses, including a $799 Ray-Ban model that includes a built-in display.

Lyft and Waymo team up: Lyft and Waymo are partnering for the first time, with plans to offer robotaxi service in Nashville next year. Lyft’s stock jumped on the news; rival Uber, which also has a Waymo partnership, fell.

iPhone’s China slump: Sales in China of Apple’s flagship smartphone fell 6% from the year-earlier period in the weeks before the introduction of the iPhone 17, a deeper decline than is typical before the new models are unveiled.

Revalued

Artificial intelligence chip startup Groq Inc. raised $750 million, valuing the company at $6.9 billion after the funding round, highlighting investor enthusiasm for companies seeking to alleviate a shortage of chips and computing power for AI workloads. Groq operates 13 facilities in North America, Europe and the Middle East.

Must Read

While the US and China announced the framework of a deal that would let popular video app TikTok remain available to Americans, the outlines of the agreement aren’t much different than they were months ago, Alexandra Levine reports in today’s Tech in Depth. Also the same as months ago is the lack of an agreement on who will control TikTok’s content algorithm, the technology that keeps users glued to the app and the key issue blocking a deal, Levine writes. 

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This Week in Cyber Bulletin

Cybersecurity researchers last month spotted what looked to be AI-powered ransomware, which is something they’d never seen before, Emily Forgash reports in this week’s Cyber Bulletin. It turned out they were right, but the malware wasn’t harmful. The AI-directed bug was developed by a group of researchers at New York University who were testing whether it could be flagged by a site that identifies suspicious content, she writes.

Sign up for the Cyber Bulletin newsletter for exclusive coverage inside the shadow world of hackers and cyber-espionage ‒ and how businesses are playing defense.

Is Trump bringing an end to US free market capitalism? On this week's Trumponomics podcast, host Stephanie Flanders is joined by Bloomberg managing editor Shelly Banjo and senior reporter Ian King to discuss how Donald Trump’s dealmaking is reshaping corporate America and whether it will outlast his presidency. Listen on Apple, Spotify or wherever you get your podcasts.

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