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Tech Across the Globe

Snap expectations: The parent of the Snapchat social app declined to issue a sales forecast for the current period, saying US trade policies and economic headwinds are buffeting its advertising business.

Alibaba AI: The company unveiled the latest version of its flagship Qwen AI model, just a few weeks after its previous Qwen 2.5 series, as China’s competition in artificial intelligence intensifies in the wake of DeepSeek’s entrance.

Marks & Spencer attack: A ransomware attack is responsible for disrupting the British retailer’s computer systems. The company has struggled for more than a week to recover from the hack, which has forced it to pause online orders and stop processing some payments in stores.

Revalued

Palantir Technologies Inc. co-founder Peter Thiel pledged about $1.2 billion worth of his stock in the company as collateral for personal debt agreements. Thiel’s holding of 100 million Palantir shares makes up about half of his $19.1 billion fortune, according to the Bloomberg Billionaires Index. He was an active seller last year of his stock in the data-analysis software company.

Must Read

DoorDash’s offer to buy Deliveroo is another moment of consolidation in a food delivery industry that has fallen hard from its pandemic highs, Yazhou Sun writes in today’s Tech In Depth. The proposed takeover of the British company would be yet another merger that reduces the number of food delivery providers in Europe. For more of Bloomberg’s coverage of the tech industry, subscribe here.

This Week In Soundbite

After their success in the presidential campaign, Donald Trump and his allies have continued to court podcasters, but in a different way than might have been expected, Ashley Carman reports in this week’s Soundbite. During the campaign Trump reached out to the broadest possible audience, appearing on some of the biggest podcasts in the US. But since taking office, he and other administrative officials have favored podcasters who lean right and are unlikely to press him on difficult issues, she writes. For more of Ashley’s coverage of the music and podcast industry, subscribe here. 

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