India’s Kuku snags $85M as mobile content wars intensify

Kuku plans to expand beyond India with a U.S. launch slated for next year.

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TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge

Taiwan Semiconductor Manufacturing Company reported a 39.1% increase in third-quarter profit, hitting a fresh record despite missing estimates.

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FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks

The U.S. has taken steps to block one of Hong Kong’s largest phone companies from accessing the country’s domestic telecom networks over national security concerns.

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Thirsty AI mega projects raise alarm in some of Europe’s driest regions

Europe is planning to at least triple its data center capacity as part of a push to become a world-class AI hub.

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Co-founder of Indian social network Koo releases a new photo sharing app

PicSee is a new app that detects your friends’ photos on device and allows you to send it to them.

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CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

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Seoul weighs approval for Google, Apple high-resolution map requests

South Korea weighs granting Google and Apple access to high-resolution map data amid lingering security and regulatory concerns.

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Arm CEO says moving some AI workloads from the cloud will make it more sustainable

Arm Holdings CEO Rene Haas discussed AI technology’s energy use in an interview with CNBC’s Jim Cramer.

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Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

If the company attracts investors at the top of its announced range, it will have a valuation of about $7.2 billion.

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Debate around the California tribal ‘YES Pledge’ continues

California tribal leaders continue to debate the ‘YES Pledge’ as it fails to gain widespread support.
According to InGame, a letter from the Yuhaaviatam of San Manuel Nation was sent to various California tribal leaders at an unknown date, seeming to criticize the ‘YES Pledge’ for expanding gambling under the authority of Sports Betting Alliance (SBA) Tribal Advisory Council members.
The correspondence argues that “the future of tribal government gaming in California is at risk” and claims that the proposed commercial gambling expansion “will provide large profits for them, while undermining the fabric of Indian Gaming in California.”
Opinions are split on the issue, as Jeff Grubbe, the current SBA tribal advisor and former Agua Caliente Band of Cahuilla Indians chair, responded to the letter publicly on LinkedIn at the end of September. He claimed that it relies on “opinions, assumptions, and speculative outcomes – not verifiable facts.”
What is the YES Pledge?
Dividing those in the community, the YES Pledge first began circulating in September. It aims to encourage tribes to “commit to working together to secure voter or legislative approval of a tribally governed framework for online sports betting.”
However, it has failed to gain the support of the biggest tribal association in the state, the California Nations Indian Gaming Association (CNIGA), of which San Manuel is a member. Betting giants including Bet365, BetMGM, DraftKings, Fanatics Sportsbook, and FanDuel are all members of the SBA.
This issue is one of many at stake for tribes in California, as the news came earlier this week that California tribes have been blocked from suing cardrooms over exclusive gambling rights. The YES Pledge is also part of the bigger picture around the competition for controlling sports betting across the state, which some tribes argue also encroaches on their exclusivity, as determined by the Indian Gaming Regulatory Act (IGRA) and compacts.
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