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Tech Across the Globe

iPhone Air in China: Apple’s iPhone Air belatedly went on sale in China, drawing a muted response from shoppers in a key market.

Lyft loyalty: Lyft is testing a rewards program that gives some customers cash back on future rides, which rival Uber doesn’t currently offer.

Avoiding fees: Unity is launching a free payments product that will allow video game-makers to get around the high fees charged by distribution platforms like Apple’s App store.

Reddit lawsuit: Reddit sued Perplexity AI and three other companies over alleged data scraping from the discussion site without permission.

Revalued

Prediction market Kalshi is receiving funding offers from venture capital investors that would value the startup at more than $10 billion, according to people familiar with the matter. The interest comes just weeks after Kalshi announced a $300 million funding round at a $5 billion valuation.

Must Read

Meta CEO Mark Zuckerberg pledged to spend billions of dollars to keep his company competitive in the race to use artificial intelligence — and he’s kept his promise, Kurt Wagner reports in today’s Tech In Depth. The question is how long investors will wait to see a payoff from that spending, he writes.

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This Week in Cyber Bulletin

Ukraine’s digital battle-management system has become a prime target for Russian hacking, Katrina Manson reports in this week’s Cyber Bulletin. The Ukraine military is fighting back by using AI as part of its defense to protect the system, she writes.

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