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PDD posts second-quarter revenue miss as e-commerce competition rises

PDD, owner of Temu and Pinduoduo, reported second-quarter revenue of about $16.72 billion, up 8.1% year over year but below an estimate of roughly $17.17 billion. Net profit fell 12% to about $4.04 billion, above a roughly $3.63 billion estimate. The Wall Street Journal summary said rising competition from livestreaming and social e-commerce is challenging PDD's market position.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Preprint reports schema-free generation of valid enterprise test data

Researchers report in an arXiv preprint that their Generalist Populator agent generated enterprise data with 100% constraint satisfaction and 0.88 average marginal fidelity across ten simulated environments without accessing datab...

cs.AI updates on arXiv.org
AI Science
AI Science

Preprint reports task-completion gains from agent-generated interfaces

Researchers report in an arXiv preprint that training an agent to generate interactive interfaces improved a 4B model's Pass@3 task-completion score from 9.33% to 58.00%. Their GenUI-Harness pairs an agent that retrieves informati...

cs.AI updates on arXiv.org
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Databricks opens beta connector for querying Workday data in place

Databricks announced a publicly available beta connector that lets teams query Workday HR and finance data alongside other enterprise data without maintaining duplicate copies. The Workday Data Connect connector uses Unity Catalog...

Databricks
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AI Products

Incarna deploys per-call AI inference payments with AWS spending controls

Incarna has put a system for agents to pay BlockRun for individual AI model calls into production, AWS says. Amazon Bedrock AgentCore payments signs transactions from customer-owned wallets and enforces spending limits outside the...

Artificial Intelligence