Two years after launching in the U.S., TikTok Shop has a reported $19 billion in quarterly sales, rivaling the sales performance of eBay, which still leads by about a billion dollars, according to third-part TikTok analytics tool EchoTik. After getting off to what seemed to be a rocky start, the fact that it took only 24 months for TikTok Shop to became competitive with the 30-year-old eBay is drawing notice. A TikTok representative said TikTok Shop’s live-stream shopping segments were up 72 percent year-over-year as of September, with sales up by 120 percent as of June. Live-stream shopping is only one aspect of TikTok Shop. Others include shoppable videos, a marketplace and creator storefronts.  Read more

Google Cloud is rolling out its seventh-generation Tensor Processing Unit (TPU), Ironwood, and new Arm-based computing options that aim to meet exploding demand for AI model deployment in what the Alphabet company describes as a business shift from training models to serving end users. “Constantly shifting model architectures, the rise of agentic workflows, plus near-exponential growth in demand for compute, define this new age of inference,” explains Google Cloud. The company said that Anthropic — known for its Claude family of large language models — “plans to access up to 1 million” of the new TPUs. The deal is reportedly “worth billions.” Read more

SoftBank has cashed out of Nvidia, liquidating its stock holdings for $5.83 billion that it will reportedly use to fund what CNBC describes as “its ‘all in’ bet on ChatGPT maker OpenAI.” The sell-off was disclosed in SoftBank’s most recent earnings statement, which indicated 32.1 million Nvidia shares were sold in October. The Japanese conglomerate also said it sold part of its T-Mobile holdings for $9.17 billion. “Through those options and tools we make sure that we are ready for funding in a very safe manner,” SoftBank CFO Yoshimitsu Goto said at an investor presentation. SoftBank announced a four-to-one stock split yesterday, while Nvidia shares were down 1.7 percent on the sell-off news. Read more

Sony Group reported a strong quarter ending September 30, with its semiconductor unit reaching an operating profit of nearly $900 million, up almost 50 percent year-over-year as the company’s most profitable segment for the quarter. The music group was another bright spot, with sales up 21 percent to $3.51 billion, and operating income a healthy $749 million. Consumer electronics and gaming were softer sectors. But overall revenue of $20.14 billion far surpassed the expected $19.36 billion, prompting Sony to raise its forecast by 3 percent. The company also announced a repurchase plan for $648 million worth of stock. Read more

Sony AI has introduced the Fair Human-Centric Image Benchmark (FHIBE, pronounced “Fee-bee”), a new global benchmark for fairness evaluation in computer vision models. FHIBE addresses the industry challenge of identifying biased and ethically compromised training data for AI, aiming to trigger “industry-wide improvements for responsible and ethical protocols throughout the entire life span of data — from sourcing and management to utilization — including fair compensation for participants and clear consent mechanisms,” Sony AI says. The FHIBE dataset is publicly available now, following publication in the science journal Nature. Read more