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Techmeme

Sequoia announces that Alfred Lin and Pat Grady will be elevated to firm stewards, succeeding Roelof Botha, who led Sequoia solo since 2022 (Dan Primack/Axios)

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Source: Anthropic projects revenues of up to $70B in 2028, up from ~$5B in 2025, and expects to become cash flow positive as soon as 2027 (Sri Muppidi/The Information)

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Google unveils Project Suncatcher to launch two solar-powered satellites, each with four TPUs, into low Earth orbit in 2027, as it seeks to scale AI compute (Reed Albergotti/Semafor)

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Paris prosecutors open a probe into TikTok's algorithm and compliance with requirements to police and report suicide content, after a French government report (Gaspard Sebag/Bloomberg)

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Sources: Apple plans to launch a low-cost laptop powered by an iPhone chip in H1 2026 to rival Chromebooks, aimed at students and casual users, codenamed J700 (Mark Gurman/Bloomberg)

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European law enforcement arrests nine suspects involved in an alleged crypto fraud ring that stole €600M+ via fake investment platforms promising high returns (Sergiu Gatlan/BleepingComputer)

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Spotify says it now has nearly 500K video podcasts and more than 390M users have now streamed a video podcast on its platform, up 54% YoY (Sarah Perez/TechCrunch)

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Tel Aviv-based Daylight, whose AI-native platform autonomously identifies and contains cyber threats, raised a $33M Series A, bringing its total funding to $40M (Meir Orbach/CTech)

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Beacon Software, which acquires niche software businesses and transforms them with AI, raised a $250M Series B led by GC, Lightspeed, and D1 at a $1B valuation (Krystal Hu/Reuters)

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Instacart launches an AI shopping assistant as part of its white-label e-commerce service, which powers the online shopping sites for some grocery chains (Natalie Lung/Bloomberg)

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WhatsApp launches an Apple Watch app that lets users get call notifications, read full messages, and record and send voice messages (Aisha Malik/TechCrunch)

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Amazon rolls out Alexa+ to Amazon Music for iOS and Android, letting Alexa+ Early Access users request obscure information or complex music recommendations (Jess Weatherbed/The Verge)

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AWS says it is developing Fastnet, a subsea cable buried ~1.5m deep and with a capacity over 320Tbps, aiming to debut in 2028 to connect Maryland and Ireland (Emily Forlini/PCMag)

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Jimmy Wales says Wikipedia's "Gaza genocide" page fails to meet its neutrality standards; the article is listed as "protected" until 21:47 UTC on November 4 (Xander Elliards/The National)

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A profile of nonprofit Common Crawl, which has scraped billions of webpages since 2013, including paywalled ones, to build an archive used by OpenAI and others (Alex Reisner/The Atlantic)

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Shopify reports Q3 revenue up 32% YoY to $2.84B, vs. $2.76B est., GMV up 32% YoY to $92B, and expects Q4 revenue up in the mid-to-high 20% range, vs. 23.4% est. (Deborah Sophia/Reuters)

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The UK's High Court rules against Getty in its lawsuit against Stability AI over its image generator; the judge calls the ruling "extremely limited in scope" (Sam Tobin/Reuters)

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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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