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Exclusive: Choice is betting $7.1M that restaurants can run with one single AI platform

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Restaurants are no longer just places where people go to enjoy a meal. They have become full businesses and ecosystems, with cooking as only one part of what they do. As our habits and the way we make choices have changed, including where we eat, restaurants have had to adapt to keep up. Working in […]

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Anthropic commits 5% of its shares to a new public benefit fund

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Anthropic plans to place 5% of its shares in a new entity called the Anthropic Public Benefit Fund. The AI company announced the plan on Sunday, but it still needs approval from Anthropic’s stockholders. The fund’s stake is designed to grow with the company, Anthropic wrote in a blog post. The board can add a further […]

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Ericsson’s organic sales rise 7% as it merges its two Asian units

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Ericsson’s adjusted earnings before interest, taxes and amortisation (EBITA) came in at SEK 10.1bn ($1bn) in the third quarter. Analysts had expected SEK 7.93bn on average, according to data compiled by Bloomberg. The shares rose as much as 11% in Stockholm on Thursday, Bloomberg reported. It was their biggest intraday gain since 23 January, and […]

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Apple and Meta team up to run Meta’s Muse Spark Open model on Macs

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Apple and Meta worked together so that Meta’s new open-weight model, Muse Spark Open, runs on Apple’s Mac Studio desktops. The companies revealed the work on Thursday. The two rivals had not struck a public partnership since 2017, CNBC reported. Meta chief executive Mark Zuckerberg announced it on X, and Apple’s new CEO, John Ternus, […]

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TSMC posts a sixth straight record profit but turns cautious on 2027

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TSMC made a record net profit of NT$763.1bn ($23.59bn) in the third quarter, up 69% on a year earlier. That beat the NT$746.3bn LSEG SmartEstimate, Reuters reported. Revenue rose 51% to NT$1.49tn, or 41.2% to $46.72bn in US dollar terms, according to TSMC’s results. Its operating margin was 58.7%. High-performance computing made up 68% of […]

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Netflix names ex-Disney TV boss Peter Rice content chief as Bajaria leaves

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Netflix has named Peter Rice, the former chairman of Walt Disney Television, as its chief content officer. The company announced the move on Thursday. Rice will run its global content organisation, from scripted and unscripted series to film and live events. Bela Bajaria, who has held the role since January 2023, is leaving after nearly […]

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EU cloud sovereignty law could cost Europe €115bn, US tech lobby study says

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The EU’s proposed cloud sovereignty law, the Cloud and AI Development Act (CADA), could cost Europe €115bn over ten years. That is the central estimate in a study by the Brussels think tank ECIPE. CCIA Europe, a lobby group whose members include Amazon, Google and Meta, paid for it. Matthias Bauer, the author, calls the […]

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OpenAI’s London staff averaged £2.3m each in 2025, Guardian reports

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OpenAI’s 110 staff in London received an average of about £2.3m each in 2025, counting salaries and shares. The figures come from the accounts of OpenAI UK Ltd, as Robert Booth reported for The Guardian. The staff shared £87m in salaries and £168m in shares, the Guardian said. TNW has not independently verified the figures. […]

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Berkshire Hathaway puts another $330m into Bending Spoons

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Berkshire Hathaway is buying 10 million new Bending Spoons shares at $33 each. The Milan-based company announced the deal on 14 October. The $330m private placement adds to the $600m Berkshire invested at Bending Spoons’ Nasdaq listing in July. The two investments give Berkshire a 4% stake, Bending Spoons said. Its businesses include AOL, Vimeo, […]

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