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Techmeme

Apple Q4: iPhone up 6% YoY to $49.03B, vs. $50.19B est., Mac up 13% to $8.73B, iPad flat at $6.95B, and Wearables, Home, and Accessories flat at $9.01B (Apple)

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Netflix announces a 10-for-1 stock split, after its shares boomed over the last three years to above $1,000 a share (John Melloy/CNBC)

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Reddit reports Q3 revenue up 68% YoY to $585M, vs. $546M est., and daily active uniques up 19% to 116M, vs. 114M est.; RDDT jumps 5%+ after hours (Jonathan Vanian/CNBC)

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Amazon raises its forecast for capital expenditures to $125B in 2025, up from its earlier estimate of $118B, and says that number will likely increase in 2026 (Annie Palmer/CNBC)

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Amazon reports Q3 revenue up 13% YoY to $180.2B, a $21.2B net income vs. $15.3B in Q3 2024, and operating income flat at $17.4B; AMZN jumps 13%+ after hours (Amazon)

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Sources: Nvidia plans to invest $500M to $1B in AI coding startup Poolside, which is in discussions to raise $2B at a $12B valuation (Bloomberg)

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Cognition releases SWE-1.5, a new coding model in Windsurf, saying it partnered with Cerebras to serve SWE-1.5 at speeds up to 13x faster than Claude Sonnet 4.5 (Cognition)

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The ICC plans to switch from Microsoft Office to Open Desk, a European open source alternative, amid concerns about public bodies' reliance on US tech companies (Maximilian Henning/Euractiv)

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Canva launches a foundational design model that generates editable layered designs, expands Canva AI, makes Affinity free for all users, and more (Ivan Mehta/TechCrunch)

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OpenAI launches Aardvark, a GPT-5-powered autonomous cybersecurity research agent that can identify and help patch vulnerabilities, in private beta (Sabrina Ortiz/ZDNET)

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Sources: Meta has received record orders of about $125B for a corporate bond sale expected to be at least $25B in size (Bloomberg)

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Applied Compute, which wants to create custom AI agents trained on latent company knowledge, raised $80M from Benchmark, Sequoia, Elad Gil, and others (@appliedcompute)

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Nothing's new Lock Glimpse feature on the Phone (3a) Lite shows a rotating selection of wallpapers that link to clickbait articles from a company called Vilykke (Ben Schoon/9to5Google)

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Extropic, which says its chips using probabilistic bits can be 10,000x more energy efficient than current AI chips, shares its first chip with some AI labs (Will Knight/Wired)

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Palantir sues two ex-employees now working at Percepta, an "AI transformation company" launched by General Catalyst, and alleges deception and stolen documents (Dan Primack/Axios)

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Core Scientific shareholders vote to reject a $9B takeover bid by CoreWeave that proxy advisers said undervalued the data center company (Dina Bass/Bloomberg)

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Milan-based Bending Spoons, which buys and seeks to revitalize tech brands like AOL, raised $710M led by T. Rowe Price at an $11B pre-money valuation (Sara Fischer/Axios)

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Google partners with Reliance to offer free AI Pro access to Jio 5G users in India for 18 months; Perplexity has a similar deal with Bharti Airtel (Jagmeet Singh/TechCrunch)

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Q&A with Palantir CTO Shyam Sankar on surveillance, AI, the future of war, data, privacy, the US military, ImmigrationOS, the DHS, ICE, the UK's IDs, and more (New York Times)

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UMG and Stability AI announce a partnership to develop music creation tools powered by "responsibly" trained AI (Marc Schneider/Billboard)

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WhatsApp launches passkey-encrypted backups for iOS and Android, letting users encrypt their stored message history using their face, fingerprint, or a code (Jess Weatherbed/The Verge)

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OpenAI's Sora app adds new features, including "character cameos" to create AI deepfakes of pets, illustrations, and more, clip stitching, and leaderboards (Jess Weatherbed/The Verge)

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Alphabet passed $100B in quarterly revenue for the first time, in Q3; Sundar Pichai says "AI Overviews drive meaningful query growth" and AI Mode has 75M DAUs (Kendra Barnett/Adweek)

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Roblox reports Q3 revenue up 48% YoY to $1.36B, DAUs up 70% YoY to 151.5M, above 132.3M est., bookings up 70% YoY to $1.9B, above $1.7B est.; RBLX drops 10%+ (Cecilia D'Anastasio/Bloomberg)

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After Trump and Xi's meeting, China says it will suspend its rare earth export controls issued on October 9 for one year, but says nothing about earlier limits (Keith Bradsher/New York Times)

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Sources: the US Commerce Department proposed banning TP-Link Systems' networking devices due to TP-Link's China ties, gaining support from 6+ federal agencies (Joseph Menn/Washington Post)

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Swedish startup Legora, whose AI tools help legal teams research and more, raised a $150M Series C at a $1.8B valuation, up from $675M in May after raising $80M (Supantha Mukherjee/Reuters)

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China's Commerce Ministry says it will work with the US to resolve issues related to TikTok, stopping short of saying it agreed to a deal touted by Trump (Mark Anderson/Bloomberg)

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Google, Meta, and Microsoft collectively spent nearly $80B on AI infrastructure in Q3, dividing the market on whether they can translate huge capex into income (Financial Times)

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Netflix, Anthropic, and others are paying researchers up to $25K to find and report flaws; HackerOne paid a record $81M in rewards in the past year, up 13% YoY (Emily Forgash/Bloomberg)

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Scale AI and CAIS' Remote Labor Index benchmark, which tests AI agents on freelance tasks, finds the best AI could perform just <3% of the work, earning $1,810 (Will Knight/Wired)

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President Trump and Xi Jinping agree a yearlong truce that rolls back many contentious tariffs and retaliatory measures; the current deal expired on November 10 (New York Times)

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Elon Musk's lawyer pledges to fight OpenAI's for-profit restructuring and says California's and Delaware's AGs "cannot sanitize OpenAI's unlawful conduct" (Bloomberg)

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President Trump says he and Xi Jinping discussed Nvidia and other chipmakers' access to China, and that they didn't discuss approving sales of Blackwell chips (Mackenzie Hawkins/Bloomberg)

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TrendForce estimates DRAM in 2026 will bring in over 4x as much revenue as the 2023 trough, reaching a record ~$231B, driven by AI industry demand for HBM chips (Jiyoung Sohn/Wall Street Journal)

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Walmart's PhonePe raised $600M from General Atlantic at a $14.5B valuation, as the Indian digital payments and financial services company prepares for an IPO (The Economic Times)

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Corporate travel and expense management software maker Navan and its shareholders raised $923.1M in a US IPO priced at $25/share, giving it a $6.2B market cap (Subrat Patnaik/Bloomberg)

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LatAm e-commerce giant MercadoLibre reports Q3 revenue up 39% YoY to $7.4B, vs. $7.2B est., a $421M net income, vs. $489M est., and 77M unique buyers, up 26% (Maria Clara Cobo/Bloomberg)

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Q&A with Logitech CEO Hanneke Faber on software-enabled hardware, prioritizing design, launching about 40 new products each year, AI, tariffs, and more (Harry McCracken/Fast Company)

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GitHub says TypeScript passed Python and JavaScript in August to become the most used language among its 180M+ developers; India added 5.2M developers in 2025 (The GitHub Blog)

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Sources detail how Binance boosted the Trump family's World Liberty Financial by facilitating a $2B purchase of USD1 and building its tech ahead of CZ's pardon (Wall Street Journal)

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Bengaluru-based Snabbit, which offers a range of on-demand home services, raised a $30M Series C at a $180M valuation, taking its total funding to $55M (Jagmeet Singh/TechCrunch)

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Life sciences group Thermo Fisher agrees to acquire PE-owned drug trial software maker Clario for $9.4B in an all-cash deal expected to close by mid-2026 (Oliver Barnes/Financial Times)

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Google updates Play Store policy in the US to let developers link to external app stores and payment options, following the Epic v. Google injunction (Adamya Sharma/Android Authority)

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UMG partners with AI music generator Udio to launch a subscription service for creating music with licensed songs in 2026, in part to settle a copyright lawsuit (Katherine Sayre/Wall Street Journal)

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Disney and YouTube settle their legal dispute over YouTube's hiring in May of former Disney executive Justin Connolly to be global head of media and sports (Dominic Patten/Deadline)

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CoreStory, whose AI platform automates generating documentation for legacy code bases, raised a $32M Series A led by Tribeca, NEA, and SineWave (Maria Deutscher/SiliconANGLE)

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Samsung reports Q3 revenue up 8.85% YoY to ~$60.5B, vs. ~$60.4B est., and operating profit up 32.9% YoY to ~$8.57B, vs. ~$7.9B est., more than doubling from Q2 (Dylan Butts/CNBC)

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Sources: Consensys, maker of crypto wallet MetaMask, plans to go public, with JPMorgan and Goldman Sachs leading its IPO; Consensys was valued at $7B in 2022 (Lucinda Shen/Axios)

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Sources: OpenAI is preparing for an US IPO that could value it at ~$1T and has explored raising $60B+, filing as soon as H2 2026, and listing in 2027 (Reuters)

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