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Techmeme

Gloo, which develops AI tools for Christian churches and counts Pat Gelsinger as executive chair, closed up 1% in its Nasdaq debut after raising $73M in its IPO (George Steer/Financial Times)

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Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools (Lucas Shaw/Bloomberg)

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Lenovo reports Q2 revenue up 15% YoY to $20.45B, vs. $20B est., net profit down 5% to $340M, vs. $382M est., but adjusted net profit up 25% to $512M (P.R. Venkat/Wall Street Journal)

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Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and agrees to buy Chronosphere for $3.35B (Samantha Subin/CNBC)

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Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% (MacKenzie Sigalos/CNBC)

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A draft EO shows President Trump plans to grant the federal government sole power to regulate AI and create an "AI Litigation Task Force" overseen by the AG (Tina Nguyen/The Verge)

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Humain partners with Adobe and Qualcomm to develop AI tools for Arabic content, using Adobe's Firefly Foundry to build AI models and Qualcomm chips to run them (Stephen Nellis/Reuters)

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Sources: the US Commerce Department plans to approve the sale of up to 35K of Nvidia's GB300 servers or their equivalents to G42 and Humain each (Wall Street Journal)

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Sources: ID verification startup Incode is in preliminary talks to raise between $150M and $300M at a valuation of up to $3B, up from a $1.25B valuation in 2021 (Bloomberg)

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Nvidia reports Q3 revenue up 62% YoY to $57.01B, vs. $54.92B est., Data Center revenue up 66%, and forecasts Q4 revenue above est.; NVDA jumps 5%+ after hours (Kif Leswing/CNBC)

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The US, the UK, and Australia sanction Russian bulletproof hosting provider Media Land, which provided services to cybercrime marketplaces and ransomware groups (Sergiu Gatlan/BleepingComputer)

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Sources: key White House officials are pressing lawmakers on Capitol Hill to keep AI chip export restrictions to China out of the annual defense policy bill (Maria Curi/Axios)

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Amazon launches a Video Recaps feature on Prime Video that uses AI to summarize a show's key plot points with snippets and music, available in beta for US users (Todd Spangler/Variety)

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Yann LeCun says he is leaving Meta at the end of 2025 to build a new startup and continue his "Advanced Machine Intelligence research", with Meta as a partner (Bloomberg)

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Nokia plans to split its AI operations into a separate unit from its telecom business, weeks after Nvidia invested $1B in Nokia; Nokia's stock closes down 6.98% (Kieran Smith/Financial Times)

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Investors pulled $523M from BlackRock's IBIT bitcoin ETF on Tuesday, its largest single-day outflow since launch; BTC fell ~30% from its October all-time high (Sidhartha Shukla/Bloomberg)

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Sources: Coinbase is preparing to launch a prediction market powered by Kalshi to allow its clients to bet on events such as elections and sports (Yueqi Yang/The Information)

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Sources: US officials are privately saying they might not levy semiconductor tariffs soon, as the Trump administration takes a more cautious approach with China (Reuters)

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OpenAI unveils GPT-5.1-Codex-Max, saying it is "significantly better" at "long-horizon reasoning" and is the first model it has trained for Windows environments (David Gewirtz/ZDNET)

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OpenAI announces ChatGPT for Teachers, designed for K-12 educators and school districts, and says it will be free to K-12 educators in the US through June 2027 (Ashley Capoot/CNBC)

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AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)

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Doppel, which makes an AI social engineering detection service, raised a $70M Series C led by Bessemer at a $600M+ valuation, up from $205M in May (Allie Garfinkle/Fortune)

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Warner Music settles its lawsuit with AI music startup Udio, which is planning a service that lets users create songs from licensed tracks of artists who opt-in (Anna Nicolaou/Financial Times)

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Perplexity plans to roll out a free agentic shopping product in the US next week in partnership with PayPal, eventually letting users buy from 5,000+ merchants (Ashley Capoot/CNBC)

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Elon Musk says xAI plans to develop a 500 megawatt data center in Saudi Arabia with state-backed AI startup Humain; the data center will rely on Nvidia chips (Mark Bergen/Bloomberg)

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Meta release SAM 3, a model for detection, segmentation, and tracking of objects in images and video, and SAM 3D, which can reconstruct objects and humans in 3D (Mike Wheatley/SiliconANGLE)

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Alphabet's stock rose as much as 6.9% on Wednesday, its biggest gain since early September, amid a wave of glowing reviews for Gemini 3 (Ryan Vlastelica/Bloomberg)

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A new bipartisan Senate bill amends Section 230 to make commercial social media platforms responsible if their recommendation systems cause foreseeable harms (Lauren Feiner/The Verge)

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Gemini 3 hands-on: a fundamental improvement on daily use, extremely fast, Antigravity IDE is a powerful launch product, and its personality is terse and direct (matt shumer)

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Gemini co-lead Oriol Vinyals says Gemini 3's gains come from better pre-training and post-training, contradicting the idea that pre-training gains are falling (Stephanie Palazzolo/The Information)

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Crypto exchange Kraken says it confidentially filed for a US IPO, without revealing any terms; Kraken said it raised $200M at a $20B valuation on November 18 (Arasu Kannagi Basil/Reuters)

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Guardio, which helps detect malicious code created with AI tools, raised $80M led by ION Crossover, and says it has 500K paying users and $100M in ARR in 2025 (Ivan Mehta/TechCrunch)

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AI music platform Suno raised $250M led by Menlo Ventures at a $2.45B valuation, up from ~$500M in 2024, and says its annual revenue has reached $200M (Katherine Sayre/Wall Street Journal)

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Meta warns of significant difficulties in identifying and removing underage users as it prepares for Australia's under-16 social media ban, set for December 10 (Angus Whitley/Bloomberg)

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The EU unveils proposed updates to GDPR, including simplifying cookie permission pop-ups, and plans to water down the AI Act, after US and tech company pressure (The Verge)

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Ubisoft says it will release results for the fiscal first half before trading opens on November 21, after unexpectedly postponing their publication last week (Bloomberg)

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Adobe plans to acquire NYSE-listed Semrush, which helps companies run search engine optimization as AI use rises, for $1.9B in cash, paying $12 per share (Lauren Thomas/Wall Street Journal)

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Meta's win over the US FTC may mean Meta, Google, Microsoft, and others can resume buying startups to stay ahead of the pack, after a slowdown under Lina Khan (New York Times)

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Larry Summers and OpenAI say he has resigned from the OpenAI board, after a US House Committee released his emails with Jeffrey Epstein (Ben Berkowitz/Axios)

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The EU's General Court dismisses Amazon's request to remove its designation as a Very Large Online Platform under the DSA; platforms with 45M+ users qualify (Reuters)

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Crypto miners like IREN are pivoting to AI data centers amid the AI boom; IREN's stock, down to ~$1 in 2022, is up 300% in 2025, giving it a $13B+ market cap (Jennifer Hiller/Wall Street Journal)

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NetEase says 2M+ people played martial arts game Where the Winds Meet in the 24 hours after its global release, as Chinese companies' cultural influence expands (Evelyn Cheng/CNBC)

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Epic Games partners with Unity to bring games made with Unity Engine to Fortnite in 2026, part of Epic's longterm vision to make Fortnite into an open metaverse (Jay Peters/The Verge)

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FTC v. Meta: TikTok's rise undermined the FTC's antitrust case and helped Meta avoid a breakup; Judge Boasberg said the tech landscape has "changed markedly" (New York Times)

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Kuaishou reports Q3 revenue up 14% YoY to ~$5B and net profit up 37% YoY to ~$632M, above ~$588M est., driven by ad growth and its Kling AI video generator (Sherry Qin/Wall Street Journal)

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Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint (Josh Sisco/Bloomberg)

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CEIP study: 87 of the top 100 Chinese AI researchers who were working in the US in 2019 are still doing research at US universities or companies in 2025 (New York Times)

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UK bank Lloyds agrees to acquire UK startup Curve, which offers digital wallets, in a deal set to close in H1 2026; Sky News reported Lloyds is set to pay £120M (Aisha S Gani/Bloomberg)

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Fox News hires Palantir to build tools that help journalists produce stories across Fox platforms and social media; Fox won't use AI to generate editorial copy (Sara Fischer/Axios)

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The Dutch government suspends its powers over chipmaker Nexperia, restoring control to its Chinese owner; a Dutch minister says the move is "a show of goodwill" (Bloomberg)

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