EU teams up with private investors for multibillion-euro scale-up fund

Roblox has reported impressive third-quarter results, with revenue soaring 48% year-over-year to $1.36 billion and daily active users jumping 70% to 151.5 million, surpassing estimates. The company's bookings also rose 70% to $1.9 billion, exceeding expectations. This growth highlights Roblox's strong position in the gaming industry, driven by the success of three hit games, and reflects the increasing popularity of online gaming among users. Such performance not only boosts investor confidence but also sets a positive tone for the company's future prospects.

China's Commerce Ministry has announced its intention to collaborate with the US to address issues surrounding TikTok. While this signals a willingness to engage in dialogue, it stops short of confirming any specific agreements, particularly those previously suggested by Trump. This development is significant as it highlights ongoing tensions between the two nations regarding technology and data privacy, and the outcome could impact millions of TikTok users and the broader tech landscape.

The article discusses the drawbacks of cookie banners, which are meant to protect user privacy but often create frustration and confusion. With users in the EU spending an estimated 720,000 hours daily dismissing these pop-ups, the piece advocates for a zero-consent architecture as a more effective solution. This approach not only enhances user experience by eliminating unnecessary interruptions but also ensures better data integrity for organizations. Embracing this shift could lead to a more seamless online environment, benefiting both users and businesses alike.

Elon Musk's lawyer has announced plans to challenge OpenAI's recent shift to a for-profit model, arguing that the actions taken by the company are unlawful. This legal battle is significant as it raises questions about the ethical implications of AI development and the responsibilities of tech companies. The attorney claims that the attorneys general of California and Delaware cannot overlook OpenAI's alleged misconduct, highlighting the ongoing scrutiny of AI governance and the potential impact on the industry.

Navan, a corporate travel and expense management software company, has successfully raised $923.1 million through its IPO, pricing shares at $25 each and achieving a market capitalization of $6.2 billion. This significant funding not only highlights the growing demand for travel management solutions but also positions Navan as a key player in the industry. Investors are optimistic about the company's future, reflecting confidence in its business model and growth potential.

MercadoLibre, the leading e-commerce platform in Latin America, has reported impressive third-quarter results, with a 39% year-over-year revenue increase to $7.4 billion, surpassing estimates. Although net income fell slightly to $421 million, the company saw a significant rise in unique buyers, up 26% to 77 million. This growth highlights the increasing demand for online shopping in the region and showcases MercadoLibre's strong market position, making it a key player in the evolving e-commerce landscape.

eBay's recent Q3 report shows a 9% year-over-year revenue increase to $2.82 billion, surpassing estimates. However, the company's forecast for Q4 profit fell short of expectations, leading to a significant drop of over 6% in after-hours trading. This news is crucial as it highlights the challenges eBay faces in maintaining investor confidence during the holiday season, a critical period for retail sales.

WB Electronics SA, Europe's leading drone manufacturer, is planning to go public on the Warsaw stock exchange. This move comes as the company aims to expand its investments in response to increased EU funding for defense initiatives. This is significant not only for the company but also for the European defense sector, as it highlights the growing importance of drone technology in modern warfare and security.

ScaleAI is making significant strides in the field of artificial intelligence, showcasing how enterprise leaders are effectively leveraging generative and agentic AI technologies. This progress is crucial as it highlights the potential for businesses to enhance their operations and innovate, ultimately driving growth and efficiency in various sectors.

Delta Sharing is experiencing remarkable growth, boasting a 300% increase year-over-year. This surge highlights the platform's effectiveness in facilitating data sharing across organizations, making it a vital tool for businesses looking to enhance their analytics capabilities. As more companies adopt this technology, it signifies a shift towards more collaborative and data-driven decision-making processes.

The recent partnership between Databricks and Palantir is already making waves, with over 100 customers leveraging their combined strengths to transform their businesses. This collaboration not only enhances data analytics capabilities but also empowers organizations to make more informed decisions, driving innovation and efficiency. It's exciting to see how these companies are shaping the future of business through their strategic alliance.

WhatsApp is enhancing its security features by allowing users to utilize passkeys for their backups. This update is significant as it adds an extra layer of protection for personal data, making it harder for unauthorized access. With cyber threats on the rise, this move reflects WhatsApp's commitment to user privacy and security, ensuring that sensitive information remains safe.

The article highlights the significance of standard-cell architecture in adaptable ASIC designs, emphasizing its benefits such as being fully testable and foundry-portable. This innovation is crucial for developers looking to create flexible and reliable hardware solutions without hidden risks, making it a game-changer in the semiconductor industry.

WhatsApp has introduced a new feature that allows users to protect their end-to-end encrypted backups with passkeys. This enhancement is significant as it adds an extra layer of security for users' data, ensuring that their private conversations remain safe even when stored in the cloud. With increasing concerns over data privacy, this move by WhatsApp is a proactive step towards safeguarding user information.