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Techmeme

Uber reports Q3 revenue up 20% YoY to $13.5B, Gross Bookings up 21% to $49.7B, trips up 22% to 3.5B, and $1.1B operating income, vs. $1.6B est.; UBER drops 5%+ (Financial Times)

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Goldman Sachs: just 33 US counties accounted for ~72% of all US data center capacity as of July; buildouts like AWS' in Oregon have transformed tiny communities (David Uberti/Wall Street Journal)

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Spotify reports Q3 revenue up 12% YoY to €4.3B, above €4.23B est., subscribers up 12% YoY to 281M, MAUs up 11% YoY to 713M, and a €582M operating income (Ashley Carman/Bloomberg)

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How Portugal is investing ~4.6% of its GDP around the port of Sines, seeking to transform it from a tourism-reliant economy into a tech and industrial hub (Sofia Horta e Costa/Bloomberg)

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Chainalysis CEO Jonathan Levin says DeFi platforms' rapid growth leaves their users' assets at risk of attack; DefiLlama says $140B+ is held on DeFi protocols (Nikou Asgari/Financial Times)

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Q&A with Lyft CEO David Risher on the company's turnaround, AI for drivers, paying drivers more, Uber, partnering with Tensor for autonomous vehicles, and more (Nilay Patel/The Verge)

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Nintendo reports Q2 revenue up 90% YoY to ~$3.7B, vs. ~$3B est., ~$667M net profit, vs. ~$412M est., and expects 19M Switch 2 sales by March 2026, up from 15M (Arjun Kharpal/CNBC)

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Grab reports Q3 revenue up 22% YoY to $873M, vs. 869M est., and a $136M adjusted EBITDA, helped by group food orders, shared rides, and more; GRAB drops 5%+ (Olivia Poh/Bloomberg)

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Sources: China offers to cut data center power bills by up to 50% for Alibaba, ByteDance, and others if they use domestic chips like Huawei's over foreign ones (Financial Times)

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Sources: WeRide is set to raise ~$308M in its Hong Kong listing, planning to price shares at ~$3.48 each, representing a ~4% discount to its Monday Nasdaq close (Bloomberg)

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Coca-Cola releases upgraded AI-generated ads for 2025 holidays, after finding people didn't know or care about the use of AI, despite criticism for its 2024 ads (Katie Deighton/Wall Street Journal)

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Augmented Intelligence, which is building neuro-symbolic AI models, raised $20M in a bridge SAFE round at a $750M valuation, bringing its total funding to ~$60M (Carl Franzen/VentureBeat)

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DeFi protocol Balancer says its V2 Composable Stable Pools suffered an exploit, which security experts estimate resulted in total losses worth about $128M (Ryan S. Gladwin/Decrypt)

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Anthropic announces a deal with Cognizant, under which Cognizant will deploy Claude to its 350,000 employees and co-sell Claude models to its business customers (Belle Lin/Wall Street Journal)

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US federal prosecutors allege that three cybersecurity professionals carried out ransomware attacks on at least five US companies in 2023 using ALPHV ransomware (Matt Kapko/CyberScoop)

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Apple releases version 26.1 of its full family of OSes, including a "tinted" option for the Liquid Glass design to reduce transparency and increase contrast (John Voorhees/MacStories)

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Palantir reports Q3 revenue up 63% YoY to $1.18B, above $1.09B est., US government revenue up 52% YoY to $486M, and forecasts Q4 revenue above estimates (Samantha Subin/CNBC)

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Deel names ex-Credit Karma CEO Joe Kauffman as CFO ahead of a potential IPO, replacing Philippe Bouaziz, CEO Alex Bouaziz's father, who becomes executive chair (Michael Roddan/The Information)

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Apple refreshes the web version of the App Store, letting users view and search for apps for the iPhone, iPad, Mac, TV, Watch, and Vision Pro (Chance Miller/9to5Mac)

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France threatens to ban Shein and refers it to Paris prosecutor after an investigation found that sex dolls "resembling children" were being sold on the site (Liz Alderman/New York Times)

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Sources: Trump decided not to discuss Nvidia's AI chip exports to China during his October 30 meeting with Xi Jinping following opposition from his top advisers (Wall Street Journal)

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How Facebook Dating, launched in 2019, has become a surprise hit with 21M+ daily users, vs. Hinge's ~15M, a sign of how Facebook has been reinventing itself (Eli Tan/New York Times)

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Hippocratic AI, which offers healthcare AI agents, raised a $126M Series C led by Avenir at a $3.5B valuation, up from $1.64B in January (Heather Landi/Fierce Healthcare)

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Lambda announces a multibillion-dollar agreement with Microsoft for AI infrastructure powered by Nvidia chips; the specific deal value was not disclosed (Jaures Yip/CNBC)

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Japanese trade association CODA, representing Studio Ghibli, Square Enix and others, demands that OpenAI stop using their copyrighted content to train Sora 2 (Stevie Bonifield/The Verge)

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Indian digital payments company Pine Labs prices its IPO at $2 to $2.5/share, valuing it at $2.9B at the top end of the range, down from a $5B valuation in 2022 (Jagmeet Singh/TechCrunch)

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Crypto.com strikes a deal with Hollywood.com to let users make predictions related to movies, actors, shows, and awards (Rob Golum/Bloomberg)

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TikTok announces its first ever TikTok Awards show in the US; the live event will take place on December 18 and will be streamed on the TikTok app and on Tubi (Aisha Malik/TechCrunch)

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arXiv says it will step up its moderation of CS review papers not vetted by an academic journal or a conference, after a surge in AI-generated papers (Matthew Gault/404 Media)

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NY-based Teleskope, which offers smaller LLMs fine-tuned for specific security problems, raised a $25M Series A led by M13, taking its total funding to $32.2M (Leo Schwartz/Fortune)

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Toronto-based quantum computing company Xanadu says it will go public in the US and Canada via a SPAC, in a deal that values the combined business at ~$3.6B (Josh Scott/BetaKit)

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Cisco launches Unified Edge, an all-in-one system designed to help retail stores, health care facilities, and factories use AI with a single equipment rack (Dina Bass/Bloomberg)

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As part of its AWS deal, OpenAI says it will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia's GPUs in the US (MacKenzie Sigalos/CNBC)

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OpenAI and AWS sign a seven-year deal in which OpenAI will pay $38B for AI compute, including training its models using Amazon's data centers and using its CPUs (Berber Jin/Wall Street Journal)

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MongoDB CEO Dev Ittycheria is stepping down after 11 years, replaced by Cloudflare President of Product & Engineering Chirantan Desai, effective November 10 (Jordan Novet/CNBC)

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Job listings show AI groups like OpenAI, Anthropic, and Cohere have stepped up hiring for forward-deployed engineers to help businesses adopt their AI models (Financial Times)

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Israel unveils tax incentives to reverse tech brain drain that increased during the war in Gaza and tax breaks for investors in Israeli funds and tech firms (James Shotter/Financial Times)

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An Italian law requiring porn sites, including Pornhub, YouPorn, and OnlyFans, to verify the ages of their users will go into effect on November 12 (Jackson Chen/Engadget)

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Online harassers are using AI tools to create more realistic death threats, posting hyper-realistic AI-generated images and sounds to social media platforms (Tiffany Hsu/New York Times)

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A profile of David Bailey, Trump's informal crypto advisor who organizes the Bitcoin Conference, as he seeks to turn a Utah health clinic into a bitcoin bank (Nina Bambysheva/Forbes)

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AI browsers can bypass some paywalls; OpenAI's Atlas seems to avoid content from companies suing OpenAI, providing summaries or alternate reporting instead (Columbia Journalism Review)

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Copenhagen-based Formalize, whose compliance software serves organizations in 80+ countries, raised a €30M Series B co-led by Acton Capital and Blackfin Tech (Tamara Djurickovic/Tech.eu)

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Nexperia's China unit says it has "sufficient inventories" to sustain order fulfillment "through year-end and beyond", after the parent suspended wafer supplies (Reuters)

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Analysis: sports volumes on Kalshi approach $1B a week, with open interest in sports contracts regularly above $100M, significantly higher than other categories (Financial Times)

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How the Venezuelan government is using crypto and stablecoins like USDT to manage the downturn; Venezuela sells most of its oil to China and is paid in crypto (Anatoly Kurmanaev/New York Times)

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Oxford Economics: the AI boom is lifting global trade, with ~60% of US data center capex spent on imported IT gear, mainly from Taiwan, South Korea, and Vietnam (Akash Sriram/Reuters)

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Big Tech's dominance on the S&P 500 is becoming more extreme; the eight biggest tech stocks account for 60% of the gains since the market bottomed in April 2025 (George Steer/Financial Times)

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How Google Cloud has become one of Alphabet's fastest-growing businesses under Thomas Kurian, driven by investments in AI, data centers, custom chips, and more (Kenrick Cai/Reuters)

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A profile of Aaron Greenspan, who has spent years on a crusade to expose what he believes are financial problems at Tesla and at big tech companies (Noam Scheiber/New York Times)

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Microsoft's AI tools still lag behind OpenAI's, as Microsoft struggles to create a cohesive AI experience and add new features by integrating OpenAI models (Austin Carr/Bloomberg)

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