Spotify reported strong third-quarter results with 281 million premium subscribers and 12% revenue growth. However, ad revenue dropped 6% and the company issued weak guidance for the current quarter. CEO Daniel Ek will transition to executive chairman in January.
Nvidia and Deutsche Telekom are investing €1 billion to build an “AI factory” in Munich featuring 10,000 Blackwell GPUs. The facility aims to increase Germany’s AI computing capacity by 50% while complying with local data sovereignty laws. Operations are expected to begin in early 2026.
Yum China reported $3.2 billion in Q3 revenue with store count up 10% year-over-year. Meanwhile, Asian markets faced pressure from “higher for longer” US interest rate concerns, creating a split between value and growth stocks.
Researchers at Oregon Health & Science University are developing advanced lab models that mimic early cancer development. These technologies could help detect cancer before symptoms appear, dramatically improving survival rates.
Voyant Photonics has named former Valeo executive Clément Nouvel as its new CEO. The company is transitioning from R&D to commercialization of its silicon photonics-based LiDAR technology. Initial products are expected to ship in 2026 starting at $1,490 per unit.
Police forces in England and Wales are trapped spending nearly all their technology budget just keeping old systems running. New projects like AI and facial recognition are getting their funding cut, leaving little room for innovation.
The world’s largest sovereign wealth fund is voting against Elon Musk’s unprecedented $1 trillion Tesla compensation package. Norway’s $2.1 trillion oil fund cites concerns about the deal’s size despite acknowledging Musk’s “visionary role.”
China is dramatically increasing energy subsidies for domestic AI data centers in a strategic move to compete globally. The subsidies come as OpenAI commits $38 billion to Amazon Web Services and Palantir reports blockbuster earnings, signaling an intensifying AI infrastructure race.
Non-terrestrial networks are emerging as the foundation for 6G connectivity, but significant challenges remain. The $293 billion satellite market faces a complex transition as regional players adopt different strategies for NTN dominance.
Starbucks is handing majority control of its China operations to private equity firm Boyu Capital in a landmark $4 billion deal. This strategic pivot reflects deeper challenges facing Western brands in China’s evolving consumer landscape.
