Pinduoduo in China, Shopee in Southeast Asia, and Meesho in India operate in markets that could hardly be more different -- an upper-middle-income industrial state, a stitched-together archipelago of under-banked economies, and a country where three-quarters of retail is unorganized and e-commerce penetration sits at about 7% -- yet all three have landed on the same business model. These platforms run asset-light marketplaces specializing in cheap goods and slow delivery, monetizing through logistics mark-ups, advertising, and installment credit rather than retail margins. Temu and Shein are further variations now expanding in the U.S. and Europe. The economics are thin. Pinduoduo's EBITDA margins on GMV sit in a 0-4% band; Meesho's group-wide EBITDA hovers around break-even. Neither charges commissions on most sales; both earn through logistics mark-ups and advertising. Sponsored listings account for 1-3% of GMV at Indian marketplaces and 4-5% at Alibaba and Pinduoduo. Credit is the more consequential side business. In India, cash on delivery functions as unofficial credit. Meesho CEO Vidit Aatrey said the customers prefer CoD for its "built-in delay," which effectively makes it "a five-day loan." Geography, income, and regulation were supposed to produce different answers. They produced one: a 3% endgame where e-commerce clips a few points of GMV and relies on attention and credit for profits.

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The Pokemon Trading Card Game has quietly transformed into something its creators never intended: a speculative asset class dominated by adults hunting for profit while children struggle to find a single pack on store shelves. The resale market has climbed so high that the latest set, Phantasmal Flames, had a rare Charizard illustration valued at more than $800 before anyone had even pulled one from a pack -- a pack that retails for about $5.3. Ben Thyer, owner of BathTCG in Bath, has watched his shop become a flashpoint. His staff have received threats from customers, and he's heard reports of attacks and robberies at other stores. He stopped selling whole boxes of booster packs and now limits individual pack purchases. On Amazon, customers can only enter raffles for the chance to buy cards at all.The Pokemon Company printed 10.2 billion cards in the year ending March 2025 and still cannot meet demand. The company shared a seven-month-old statement saying it is printing "at maximum capacity." Thyer sees signs of a correction -- prices on singles and sealed products are falling -- but expects renewed frenzy around Pokemon's 30th anniversary in early 2026.

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Microsoft announced on Tuesday its largest-ever investment in Asia -- $17.5 billion over four years starting in 2026 -- to expand cloud and AI infrastructure across India, fund skilling programs, and support ongoing operations in the country. The commitment adds to a $3 billion investment the company announced in January 2025 that is on track to be spent by the end of 2026. A new hyperscale cloud region in Hyderabad is set to go live in mid-2026 and will be Microsoft's largest in India, comprising three availability zones. The company also plans to integrate AI into two government employment platforms -- e-Shram and the National Career Service -- that serve more than 310 million informal workers. Microsoft is doubling its India skilling target to 20 million people by 2030; since January, it has already trained 5.6 million.

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Michael Saylor's software company Strategy, formerly known as MicroStrategy, built a financial model that some observers called an "infinite-money machine" by stockpiling hundreds of thousands of bitcoins and issuing stock and debt to buy more, but that machine appears to be breaking down. The company's stock peaked above $450 in mid-July and ended November at $177.18, a 60% decline. Bitcoin fell only 25% over the same period. The gap between Strategy's market cap and the value of its bitcoin holdings has nearly vanished. At one point last week, the company's market value dipped below the value of its bitcoins after accounting for debt. Strategy announced it had built a $1.4 billion dollar reserve by selling more stock to cover required dividend payments to preferred shareholders over the next twelve months. The company also disclosed it might sell some of its coins if its value continues to fall, a reversal from Saylor's February tweet declaring "Never sell your Bitcoin." Professional short seller Jim Chanos, who had questioned the strategy's sustainability, told Sherwood he made money by shorting the stock and buying bitcoins.

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Microsoft's Xbox consoles were conspicuously absent from Black Friday's winners, failing to crack the top three in U.S. sales during one of the retail calendar's most important weeks. According to Circana analyst Mat Piscatella, the PlayStation 5 captured 47% of Black Friday week console sales ending November 29, followed by the Nintendo Switch 2 at 24% and -- somewhat remarkably -- the NEX Playground, a Kinect-like Android device aimed at children, at 14%. Microsoft ran no promotions on its consoles during the period. The Xbox Series X currently retails for $650 following this year's price increase, up from its $500 launch price in 2020. Sony, by contrast, discounted the PS5 by roughly 40% at some retailers. Piscatella noted on Bluesky that products without price promotions typically see no seasonal lift. Costco has removed Xbox consoles from its U.S. and UK websites.

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In February, a six-month-old baby named KJ Muldoon became the first person ever to receive a CRISPR gene-editing treatment customized specifically for his unique genetic mutation, a milestone that researchers say marks a turning point in how medicine might approach the thousands of rare diseases that collectively affect 30 million Americans. Muldoon was born with a type of urea-cycle disorder that gives patients roughly a 50% chance of surviving infancy and typically requires a liver transplant; he is now a healthy 1-year-old who recently took his first steps. The treatment's significance extends beyond one child. Scientists at UC Berkeley's Innovative Genomics Institute and the Children's Hospital of Philadelphia are now planning clinical trials that would use Muldoon's therapy as a template, tweaking the molecular "address" in the CRISPR system to target different mutations in other children with urea-cycle disorders. Last month, FDA officials Marty Makary and Vinay Prasad announced a new drug pathway designed to accelerate approvals for such personalized treatments -- a framework inspired in large part by Muldoon's case. Current gene-editing delivery mechanisms limit treatments to disorders in the blood and liver. Many families will still go without bespoke therapies.

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A tenured USC professor is arguing that universities need to fundamentally rethink their value proposition as AI rapidly closes the gap on human instruction and a loneliness epidemic grips the generation most likely to be sitting in their lecture halls. Eric Anicich, an associate professor at USC's Marshall School of Business, wrote in the Los Angeles Times that nearly three-quarters of 16- to 24-year-olds now report feeling lonely, young adults spend 70% less time with friends in person compared to two decades ago, and a growing majority of Gen Z college graduates say their degree was a "waste of money." Anicich points to a recent Harvard study finding that students using an AI tutor learned more than twice as much as those in traditional active-learning classes, and did so in less time. The implication is stark: if instruction becomes abundant and cheap, colleges must sell what remains scarce -- genuine human community. He notes that his doctoral training included zero coursework on teaching, a norm he says persists across academia. His proposal: fund student life as seriously as research labs, hire professional "experience designers," and treat rituals and collaborative projects as core curriculum rather than amenities.

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Microsoft Excel, the 40-year-old spreadsheet application that helped establish personal computers as essential workplace tools and contributed to Microsoft's current valuation of nearly $4 trillion, has weathered both the rise of cloud computing and the current AI boom largely unscathed. In its most recent quarter, commercial revenue for Microsoft 365 -- the bundle including Excel, Word, and PowerPoint -- increased 17% year over year, and consumer revenue rose 28%. The software traces its origins to a 1983 Microsoft offsite under the code name Odyssey, where engineers set out to clone Lotus 1-2-3. That program had itself cloned VisiCalc, the first computerized spreadsheet, created by Dan Bricklin for the Apple II in the late 1970s. Bricklin never patented VisiCalc. "Financially it would have been great if we'd have been able to patent it," he told Bloomberg. "And there would be a Bricklin Building at MIT, instead of a Gates Building." Excel now counts an estimated 500 million paying users. The Pentagon pays for 2 million Microsoft 365 licenses. Google's free Sheets product, launched in 2006, captured casual use cases like potluck sign-ups but failed to dislodge Excel from enterprise work. AI chatbots present the latest challenge, but venture capitalists say nearly every AI spreadsheet startup they meet builds on top of Excel rather than replacing it.

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India's dominant airline IndiGo has cancelled roughly 3,000 flights since last week after new pilot fatigue regulations collided with technical issues and the seasonal schedule shift, stranding more than half a million passengers and forcing aviation authorities to reverse course on the safety rules they had just implemented. InterGlobe Aviation, IndiGo's parent company, told regulators that stricter requirements for night flying and weekly rest periods created an acute crew shortage. The Airline Pilots Association of India called the regulatory rollback a "dangerous precedent," noting that management had known about the requirements since early last year. IndiGo controls 65.6% of India's domestic aviation market as of October 2025 and briefly became the world's most valuable airline in April. The crisis arrives as India's second-largest carrier, Air India, remains under investigation following a June crash that killed 241 passengers and crew. Authorities have imposed temporary price caps to prevent gouging.

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An anonymous reader quotes a report from the Guardian: The journal Regulatory Toxicology and Pharmacology has formally retracted a sweeping scientific paper published in 2000 that became a key defense for Monsanto's claim that Roundup herbicide and its active ingredient glyphosate don't cause cancer. Martin van den Berg, the journal's editor in chief, said in a note accompanying the retraction that he had taken the step because of "serious ethical concerns regarding the independence and accountability of the authors of this article and the academic integrity of the carcinogenicity studies presented." The paper, titled Safety Evaluation and Risk Assessment of the Herbicide Roundup and Its Active Ingredient, Glyphosate, for Humans, concluded that Monsanto's glyphosate-based weed killers posed no health risks to humans -- no cancer risks, no reproductive risks, no adverse effects on development of endocrine systems in people or animals. Regulators around the world have cited the paper as evidence of the safety of glyphosate herbicides, including the Environmental Protection Agency (EPA) in this assessment (PDF). [...] In explaining the decision to retract the 25-year-old research paper, Van den Berg wrote: "Concerns were raised regarding the authorship of this paper, validity of the research findings in the context of misrepresentation of the contributions by the authors and the study sponsor and potential conflicts of interest of the authors." He noted that the paper's conclusions regarding the carcinogenicity of glyphosate were solely based on unpublished studies from Monsanto, ignoring other outside, published research. "The retraction of this study is a long time coming," said Brent Wisner, one of the lead lawyers in the Roundup litigation and a key player in getting the internal documents revealed to the public. Wisner said the study was the "quintessential example of how companies like Monsanto could fundamentally undermine the peer-review process through ghostwriting, cherrypicking unpublished studies, and biased interpretations." "This garbage ghostwritten study finally got the fate it deserved,â Wisner added. "Hopefully, journals will now be more vigilant in protecting the impartiality of science on which so many people depend."

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Researchers and moderators are increasingly concerned that ChatGPT-style language is bleeding into everyday speech and writing. The topic has been explored in the past but "two new, more anecdotal reports, suggest that our chatbot dialect isn't just something that can be found through close analysis of data," reports Gizmodo. "It might be an obvious, every day fact of life now." Slashdot reader joshuark shares an excerpt from the report: Over on Reddit, according to a new Wired story by Kat Tenbarge, moderators of certain subreddits are complaining about AI posts ruining their online communities. It's not new to observe that AI-armed spammers post low-value engagement bait on social media, but these are spaces like r/AmItheAsshole, r/AmIOverreacting, and r/AmITheDevil, where visitors crave the scintillation or outright titillation of bona fide human misbehavior. If, behind the scenes, there's not really a grieving college student having her tuition cut off for randomly flying off the handle at her stepmom, there's no real fun to be had. The mods in the Wired story explain how they detect AI content, and unfortunately their methods boil down to "It's vibes." But one novel struggle in the war against slop, the mods say, is that not only are human-written posts sometimes rewritten by AI, but mods are concerned that humans are now writing like AI. Humans are becoming flesh and blood AI-text generators, muddying the waters of AI "detection" to the point of total opacity. As "Cassie" an r/AmItheAsshole moderator who only gave Wired her first name put it, "AI is trained off people, and people copy what they see other people doing." In other words, Cassie said, "People become more like AI, and AI becomes more like people." Meanwhile, essayist Sam Kriss just explored the weird way chatbots "write" for the latest issue of the New York Times Magazine, and he discovered along the way that humans have accidentally taken cues from that weirdness. After parsing chatbots' strange tics and tendencies -- such as overusing the word "delve" most likely because it's in a disproportional number of texts from Nigeria, where that word is popular -- Kriss refers to a previously reported trend from over the summer. Members of the U.K. Parliament were accused of using ChatGPT to write their speeches. The thinking goes that ChatGPT-written speeches contained the phrase "I rise to speak," an American phrase, used by American legislators. But Kriss notes that it's not just showing up from time to time. It's being used with downright breathtaking frequency. "On a single day this June, it happened 26 times," he notes. While 26 different MPs using ChatGPT to write speeches is not some scientific impossibility, it's more likely an example of chatbots, "smuggling cultural practices into places they don't belong," to quote Kriss again. So when Kriss points out that when Starbucks locations were closing in September, and signs posted on the doors contained tortured sentences like, "It's your coffeehouse, a place woven into your daily rhythm, where memories were made, and where meaningful connections with our partners grew over the years," one can't state with certainty that this is AI-generated text (although let's be honest: it probably is).

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Anthropic is bringing Claude Code directly into Slack, letting developers spin up coding sessions from chat threads and automate workflows without leaving the app. TechCrunch reports: Previously, developers could only get lightweight coding help via Claude in Slack -- like writing snippets, debugging, and explanations. Now they can tag @Claude to spin up a complete coding session using Slack context like bug reports or feature requests. Claude analyzes recent messages to determine the right repository, posts progress updates in threads, and shares links to review work and open pull requests. The move reflects a broader industry shift: AI coding assistants are migrating from IDEs (integrated development environment, where software development happens) into collaboration tools where teams already work. [...] While Anthropic has not yet confirmed when it would make a broader rollout available, the timing is strategic. The AI coding market is getting more competitive, and differentiation is starting to depend more on integration depth and distribution than model capability alone.

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An anonymous reader quotes a report from the New York Times: Since online genealogy services began operating, millions of people have sent them saliva samples in hopes of learning about their family roots and discovering far-flung relatives. These services also appeal to law enforcement authorities, who have used them to solve cold case murders and to investigate crimes like the 2022 killing of four University of Idaho students. Crime-scene DNA submitted to genealogy sites has helped investigators identify suspects and human remains by first identifying relatives. The use of public records and family-tree building is crucial to this technique, and its main tool has been the genealogy site Ancestry, which has vast amounts of individual DNA profiles and public records. More than 1,400 cases have been solved with the help of so-called genetic genealogy investigations, most of them with help from Ancestry. But a recent step taken by the site is now deterring many police agencies from employing this crime-solving technique. In August, Ancestry revised the terms and conditions on its site to make it clear that its services were off-limits "for law enforcement purposes" without a legal order or warrant, which can be hard to get, because of privacy concerns. This followed the addition last year to the terms and conditions that the services could not be used for "judicial proceedings." Investigators say the implications are dire and will result in crucial criminal cases slowing or stalling entirely, denying answers to grieving families. "Everyone who does this work has depended on the records database that Ancestry controls," said David Gurney, who runs Ramapo College's Investigative Genetic Genealogy Center in New Jersey. "Without it, casework is going to be a lot slower, and there will be some cases that can't be resolved at all."

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Europol's GRIMM taskforce has arrested nearly 200 people accused of running or participating in "violence-as-a-service" schemes where cybercrime groups recruit youth online for real-world attacks. "These individuals are groomed or coerced into committing a range of violent crimes, from acts of intimidation and torture to murder," the European police said on Monday. The Register reports: GRIMM began in April, and includes investigators from Belgium, Denmark, Finland, France, Germany, Iceland, the Netherlands, Norway, Spain, Sweden, the UK, plus Europol experts and online service providers. During its first six months, police involved in this operation arrested 63 people directly involved in carrying out or planning violent crimes, 40 "enablers" accused of facilitating violence-for-hire services, 84 recruiters, and six "instigators," five of whom the cops labeled "high-value targets." [...] Many of the criminals involved in recruiting and carrying out these violence-for-hire services are also members of The Com. This is a loosely knit gang, primarily English speakers, involved in several interconnected networks of hackers, SIM swappers, and extortionists. Their reach has spread across the Atlantic, and over the summer, the FBI warned that a subset of this cybercrime group, called In Real Life (IRL) Com, poses a growing threat to youth. The FBI's security bulletin specifically called out IRL Com subgroups that offer swat-for-hire services, in which hoaxers falsely report shootings at someone's residence or call in bomb threats to trigger massive armed police responses at the victims' homes.

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The Trump administration will allow Nvidia to resume selling H200 chips to China, but only if the U.S. government takes a 25% cut. Axios reports: Trump said on Truth Social that he'll allow Nvidia to sell H200 chips -- the generation of chips before its current, more-advanced Blackwell lineup -- to China, with the U.S. government pocketing a quarter of the revenue. He said he would apply "the same approach to AMD, Intel, and other GREAT American Companies." American defense hawks fear that China could use Nvidia chips to advance its military ambitions. Trump said Monday that the sales will be subject to "conditions that allow for continued strong National Security." The blockade remains in place for Nvidia's current generation of Blackwell chips, which will be replaced in the second half of 2026 by even more advanced Rubin chips. Huang said recently he was unsure if China would want the older chips. "We applaud President Trump's decision to allow America's chip industry to compete to support high paying jobs and manufacturing in America," Nvidia said in a statement. "Offering H200 to approved commercial customers, vetted by the Department of Commerce, strikes a thoughtful balance that is great for America."

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An anonymous reader quotes a report from the Guardian: A coalition of more than 230 environmental groups has demanded a national moratorium on new datacenters in the U.S., the latest salvo in a growing backlash to a booming artificial intelligence industry that has been blamed for escalating electricity bills and worsening the climate crisis. The green groups, including Greenpeace, Friends of the Earth, Food & Water Watch and dozens of local organizations, have urged members of Congress to halt the proliferation of energy-hungry datacenters, accusing them of causing planet-heating emissions, sucking up vast amounts of water and exacerbating electricity bill increases that have hit Americans this year. "The rapid, largely unregulated rise of datacenters to fuel the AI and crypto frenzy is disrupting communities across the country and threatening Americans' economic, environmental, climate and water security," the letter states, adding that approval of new data centers should be paused until new regulations are put in place. The push comes amid a growing revolt against moves by companies such as Meta, Google and Open AI to plow hundreds of billions of dollars into new datacenters, primarily to meet the huge computing demands of AI. At least 16 datacenter projects, worth a combined $64 billion, have been blocked or delayed due to local opposition to rising electricity costs. The facilities' need for huge amounts of water to cool down equipment has also proved controversial, particularly in drier areas where supplies are scarce. [...] At the current rate of growth, datacenters could add up to 44m tons of carbon dioxide to the atmosphere by 2030, equivalent to putting an extra 10m cars on to the road and exacerbating a climate crisis that is already spurring extreme weather disasters and ripping apart the fabric of the American insurance market. But it is the impact upon power bills, rather than the climate crisis, that is causing anguish for most voters, acknowledged Emily Wurth, managing director of organizing at Food & Water Watch, the group behind the letter to lawmakers. "I've been amazed by the groundswell of grassroots, bipartisan opposition to this, in all types of communities across the US," said Wurth. "Everyone is affected by this, the opposition has been across the political spectrum. A lot of people don't see the benefits coming from AI and feel they will be paying for it with their energy bills and water." "It's an important talking point. We've seen outrageous utility price rises across the country and we are going to lean into this. Prices are going up across the board and this is something Americans really do care about."

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Longtime Slashdot reader hackingbear writes: Taiwan's government has ordered a one-year block of a popular, mainland Chinese-owned social media app Xiaohongshu, also known as The Little RedNote, citing its failure to cooperate with authorities over fraud-related concerns. Taiwan's Ministry of the Interior on Thursday cited Xiaohongshu's, which does not have business presence on the island, refusal to cooperate with authorities as the basis for the ban, claiming that the platform has been linked to more than 1,700 fraud-related cases that resulted in financial losses of 247.7 million Taiwanese dollars ($7.9 million). "Due to the inability to obtain necessary data in accordance with the law, law enforcement authorities have encountered significant obstacles in investigations, creating a de facto legal vacuum," the ministry said in a statement. Chinese Nationalist Party (KMT), Taiwan's opposition party, Chairwoman Cheng Li-wun decried the government plan to suspend access to Chinese social media platform Xiaohongshu for one year as censorship. "Many people online are already asking 'How to climb over the firewall to access Xiaohongshu,'" Cheng posted on social media. Meta was facing fines earlier this year for failing to disclose information on individuals who funded advertisements on its social media platforms, marking the second such penalty in Taiwan for violating the anti-fraud act. "Meta failed to fully disclose information regarding who paid for the advertisement and who benefited from it," Depute Minister Lin of Ministry of Digital Affairs said at a news conference on June 18. If MODA decides to impose the fine, it would mark the second such penalty against Meta in Taiwan, following a NT$1 million ($33,381) fine issued in May for violating the Fraud Crime Hazard Prevention Act by failing to disclose information on individuals who commissioned and funded two Facebook advertisements. Meta's Threads were also included in the regulatory framework following nearly 1,900 fraud-related reports associated with the platform, with 718 confirmed as scams. Xiaohongshu has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the island of 23 million.

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IBM is buying Confluent for $11 billion in a major push to own real-time data streaming infrastructure essential for enterprise AI workloads. It marks Big Blue's biggest acquisition since Red Hat in 2019. Bloomberg reports: The AI boom has touched off billions of dollars in deals for businesses that build, train or leverage the technology, propelling the value of an entire ecosystem of data center developers, software makers, generative AI tool developers and data management firms. Mountain View, California-based Confluent sits in the data corner of that world, providing a platform for companies to gather -- or "stream" -- and analyze data in real time as opposed to shipping data in clunkier batches. Manufacturers such as Michelin, for example, have used Confluent's platform to optimize their inventories of raw and semi-finished materials live. Instacart adopted Confluent to develop real-time fraud detection systems and gain more visibility into the availability of products sold on its grocery delivery platform. Businesses are increasingly tapping AI systems that manage tasks like this in real-time and require live flows of data to do so. IBM, which pioneered mainframe computers, has been trying to reposition its business around AI over the past few years. Under Chief Executive Officer Arvind Krishna, it's been buying software companies and selling generative AI-related services to enterprise clients. Software now makes up almost half its total revenue and continues to grow at a steady rate.

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Firefox 146 has been released with native fractional scaling support on Wayland -- finally giving Linux users crisp UI rendering. Other new additions include GPU process improvements on macOS, developer-focused CSS features, and broader access to Firefox Labs. Phoronix reports: Firefox 146 also now makes Firefox Labs available to all users, Firefox on macOS now has a dedicated GPU process by default, dropping Direct2D support on Windows, support for compressed elliptic curve points in WebCrypto, and updated the bundled Skia graphics library. Firefox 146 also has some fun developer enhancements like support for the CSS text-decoration-inset property, the @scope rule now being supported, CSS contrast-color() function being available, and several new experimental web features. The release notes and developer changes can be found at their respective links. Release binaries are available at Mozilla.org.

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An anonymous reader quotes a report from Reuters: Meta's proposal to use less personal data for targeted advertising in its pay-or-consent model that will be rolled out next month won the approval of EU antitrust regulators on Monday, signaling the company will not face daily fines after all. [...] The U.S. tech giant has been locked in discussions with the European Commission after getting hit with a $233 million fine in April for breaching the Digital Markets Act aimed at reining in the power of Big Tech. The violation covered Facebook and Instagram in the period from November 2023 to November 2024, after which Meta tweaked its pay-or-consent model to use less personal data for targeted advertising. The EU executive has been examining the changes to see if they comply with the DMA, with Meta risking daily fines of as much as 5% of its average daily worldwide turnover if found to be still in breach of the law. The tweaks are in wording, design and transparency to remind users of the two options. Meta did not plan on any substantial changes to its November proposal despite the risk of EU fines, people with direct knowledge of the matter had told Reuters. The Commission, which acts as the EU competition enforcer, acknowledged Meta's November proposal, saying that it will monitor the new ad model and seek feedback, with no more talk of periodic fines. "Meta will give users the effective choice between consenting to share all their data and seeing fully personalized advertising, and opting to share less personal data for an experience with more limited personalized advertising," the Commission said in a statement.

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