The world is running out of yttrium: a little-known rare earth is becoming the newest flashpoint in global tech

The Download discusses the evolving landscape of AI-powered warfare, highlighting a scenario set in July 2027 where China is poised to invade Taiwan. The article emphasizes the role of autonomous drones equipped with AI targeting systems, which could significantly alter traditional combat strategies. The implications of such technology on global military dynamics and the potential for conflict escalation are critical points of consideration. The insights are provided by Helen Warrell and James O'Donnell, reflecting on the future of warfare influenced by advancements in artificial intelligence.

Xiaomi reported a 22.3% year-over-year increase in third-quarter revenue, reaching approximately $15.9 billion, although this figure fell short of the estimated $16.4 billion. The company's net profit surged by 80.9% year-over-year to around $1.59 billion, exceeding the expected $1.5 billion. This growth was primarily driven by advancements in artificial intelligence (AI) and sales of electric vehicles (EVs), as the company continues to diversify its product offerings beyond smartphones.

Princeton Digital Group (PDG), a leading data center operator in Asia Pacific, has announced its entry into South Korea with a significant investment of USD 700 million. This investment marks the first phase of a broader plan to develop a 500 MW AI and cloud infrastructure in the country. The initial project will be located at the Incheon campus, which will provide 48 MW of capacity. This expansion into South Korea represents PDG's seventh country of operation, following its presence in Singapore, Japan, India, Indonesia, China, and Malaysia.

PDD Holdings Inc. reported a 9% increase in revenue, indicating a gradual recovery in its Chinese operations. This growth comes as the company's international arm, Temu, stabilizes following disruptions caused by U.S. policy changes. The positive sales performance reflects a rebound in consumer spending in China, suggesting a potential shift in market dynamics as the company navigates challenges both domestically and internationally.