Chainalysis CEO Jonathan Levin says DeFi platforms' rapid growth leaves their users' assets at risk of attack; DefiLlama says $140B+ is held on DeFi protocols (Nikou Asgari/Financial Times)

Uber has reported a strong third quarter, with revenue increasing by 20% year-over-year to $13.5 billion and gross bookings rising by 21% to $49.7 billion. The number of trips taken also surged by 22%, reaching 3.5 billion. Although the operating profit of $1.1 billion fell short of the estimated $1.6 billion, the overall growth indicates a robust demand for Uber's services. This performance is significant as it highlights the company's resilience and potential for continued expansion in the competitive ride-sharing market.

China is making a significant move to support its tech industry by offering to reduce power bills for data centers by up to 50% if companies like Alibaba use local chips such as Huawei's instead of foreign options like Nvidia's. This initiative not only aims to bolster domestic chip manufacturing but also reflects China's strategy to enhance its technological independence. It's a win-win for local businesses looking to cut costs while promoting homegrown technology.

The State of AI is an insightful collaboration between the Financial Times and MIT Technology Review, exploring how artificial intelligence is transforming global dynamics. Over the next six weeks, experts from both publications will engage in discussions about the generative AI revolution and its implications for power structures worldwide. This series is significant as it sheds light on the competitive landscape of AI, particularly focusing on China's role in this evolving narrative.

Israel has introduced new tax incentives aimed at reversing the tech brain drain that has intensified during the ongoing conflict in Gaza. These measures include tax breaks for investors in Israeli funds and technology companies, which could help attract talent back to the country and stimulate economic growth. This initiative is significant as it not only addresses the immediate challenges posed by the war but also seeks to bolster Israel's tech sector, ensuring its competitiveness on the global stage.

Kalshi is making waves in the sports betting world, with trading volumes nearing $1 billion weekly and open interest in sports contracts consistently exceeding $100 million. This surge highlights a growing interest in sports-related financial products, setting Kalshi apart from other categories. As more investors engage with these contracts, it could reshape how sports betting is perceived and regulated, potentially leading to broader acceptance and innovation in the industry.

The dominance of Big Tech in the S&P 500 is reaching unprecedented levels, with the eight largest tech stocks now accounting for 60% of the gains since the market's low in April 2025. This trend highlights the increasing influence of technology companies on the overall market performance, raising questions about market diversity and the potential risks of such concentration. Investors and analysts are closely monitoring this situation, as it could have significant implications for future market stability and growth.

Anthropic is making waves in the tech industry with projections of revenues soaring to $70 billion by 2028, a significant leap from around $5 billion in 2025. This growth is not just impressive on paper; it signals a robust demand for AI technologies and positions Anthropic as a key player in the market. The company also anticipates becoming cash flow positive as early as 2027, which could attract more investors and boost innovation in the AI sector.

The UK High Court has ruled in favor of Stability AI in a significant copyright case against Getty Images. This decision is important as it sets a precedent for the use of AI in creative industries, potentially allowing for more innovation and competition in the field of digital content creation. The ruling could reshape how companies utilize AI technologies and their relationship with traditional copyright holders.

A new closed-loop fluid arrangement, known as the sub-millimeter heat pipe, has emerged as a promising solution to the ongoing challenge of chip cooling. This innovation could significantly enhance the efficiency of electronic devices, making them more reliable and longer-lasting. As technology continues to advance, effective cooling solutions are crucial for maintaining performance and preventing overheating, which is why this development is particularly exciting for the tech industry.

Code refactoring is an essential practice in software development that involves improving existing code without changing its functionality. It not only enhances code quality but also makes it easier to maintain and understand. This article highlights the importance of refactoring, especially during code reviews, where experienced developers guide less experienced ones to refine their work before it goes live. Embracing refactoring can lead to more elegant and efficient code, ultimately benefiting the entire development process.

The Apple Watch SE 3 has just received its first discount, making it an exciting time for potential buyers. With significant improvements over its predecessor, this smartwatch is now available at a 20% discount, offering great value for those looking to upgrade their tech. This discount not only highlights the product's appeal but also encourages more people to experience the latest features of the Apple Watch SE 3.

Google has announced Project Suncatcher, an ambitious initiative to launch two solar-powered satellites equipped with four TPUs each into low Earth orbit by 2027. This project aims to enhance AI computing capabilities while promoting sustainable energy solutions in space. It represents a significant step towards integrating advanced technology with renewable energy, potentially transforming how data is processed and stored in the future.