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Techmeme

Figma reports Q3 revenue up 38% YoY to $274.2M, vs. $265.2M est., adjusted operating margin of 12%, vs. 6.5% est., and forecasts Q4 revenue above estimates (Jordan Novet/CNBC)

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Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M (MacKenzie Sigalos/CNBC)

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Quantinuum unveils Helios, a quantum computer with 98 physical qubits, from which it can deliver 48 logical error-corrected qubits, an impressive 2:1 ratio (Isabelle Bousquette/Wall Street Journal)

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Bumble reports Q3 revenue down 10% YoY to $246.2M, total paying users down 16% to 3.6M, and forecasts Q4 revenue below estimates; BMBL falls 15%+ after hours (Reuters)

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DoorDash reports Q3 revenue up 27% YoY to $3.45B, vs. $3.36B est., and total orders up 21% to 776M, vs. 770.13M est.; DASH drops 18%+ after hours (Chris Eudaily/CNBC)

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Lyft reports Q3 revenue of $1.69B, up 10.7% YoY, vs. 11.5% est., adjusted EBITDA of $138.9M, vs. $140M est., and forecasts Q4 gross bookings above estimates (Akash Sriram/Reuters)

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Qualcomm reports Q4 revenue up 10% to $11.27B, vs. $10.79B est., handsets revenue up 14% to $6.96B, and forecasts Q1 revenue above estimates (Ari Levy/CNBC)

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Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity (Bloomberg)

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Snap reports Q3 revenue up 10% YoY to $1.51B vs. $1.49B est., DAUs up 8% to 477M vs. 476M est., and announces a $500M share buyback; SNAP jumps 23%+ after hours (Jonathan Vanian/CNBC)

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Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, vs. $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ after hours (Ian King/Bloomberg)

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Sources: data center startup Crusoe is arranging an employee share sale involving ~$120M worth of shares that values it at ~$13B, up from $10B+ just weeks ago (The Information)

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Sources: Apple plans to pay Google about $1B per year for a 1.2T-parameter Gemini model to help power the new Siri, which is on track for next spring (Mark Gurman/Bloomberg)

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A look at Bret Taylor's AI agent startup Sierra as it launches new products; source: Sierra is on track to exceed $100M in annualized revenue by January 2026 (Richard Nieva/Forbes)

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Wabi, a "YouTube for apps" launched by Replika founder Eugenia Kuyda that lets users create mini apps via prompting, raised a $20M pre-seed from angel investors (TechCrunch)

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Netflix rolls out a new ad metric called monthly active viewers, or MAV, and says it has 190M such viewers across the 12 countries where it offers an ad tier (Rick Porter/The Hollywood Reporter)

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OpenAI says it now has 1M+ business customers globally, with ChatGPT for Work seats up 40% in two months to 7M+ and ChatGPT Enterprise seats up 9x YoY (OpenAI)

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Pinterest's stock fell 20%+ on November 5 after the company forecast Q4 revenue below est., as advertising took a hit from larger retailers dealing with tariffs (Jaures Yip/CNBC)

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Amazon opens a micro-fulfillment center in a Pennsylvania Whole Foods, operated by robots and employees; customers can scan and order 12K items from the aisles (Matt Day/Bloomberg)

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France begins the process to suspend Shein, giving the company 48 hours to show it has scrubbed its site of illegal products, like sex dolls resembling children (Wall Street Journal)

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A Chinese court sentences five top members of a Myanmar mafia to death, convicting 21 in total, as Beijing continues its crackdown on online scam operations (Koh Ewe/BBC)

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Sony rolls out PlayStation Portal cloud streaming, letting PlayStation Premium Plus members stream select titles without a PS5 connection, in testing since 2024 (Ash Parrish/The Verge)

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Google says Maps will get Gemini instead of Assistant on Android and iOS, offering a "hands-free, conversational driving experience", in the "coming weeks" (Abner Li/9to5Google)

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Crypto company Ripple raised $500M from Citadel, Fortress, and others at a $40B valuation and says payments made on its platform passed $95B so far in 2025 (Nikou Asgari/Financial Times)

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Q&A with Sam Altman on managing OpenAI's growth, delegating work, hiring hardware talent, GPT-6 enabling scientific research, AI's societal challenges, and more (Tyler Cowen/Conversations with Tyler)

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Giga, which develops voice-based AI agents for customer support, raised a $61M Series A led by Redpoint Ventures, with participation from Y Combinator and Nexus (Beatrice Nolan/Fortune)

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Reevo, which aims to use AI to help bring products to market, raised $80M, split across a $10M seed and $70M Series A led by Kleiner, at a $500M valuation (Paayal Zaveri/Bloomberg)

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Letter: the MPA sent Meta a cease-and-desist over Instagram's use of "PG-13" for teen content restrictions, calling it "literally false and highly misleading" (Isabella Simonetti/Wall Street Journal)

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Shein opens a store in Paris, its first physical outlet, on the top floor of the historic BHV Marais department store, as politicians and retailers protest it (Jenny Che/Bloomberg)

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Sources: Deutsche Bank is exploring strategies to hedge its exposure to data centers, like shorting AI stocks, after extending billions in debt to hyperscalers (Financial Times)

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Netherlands-based Nebius unveils Token Factory, a platform to let companies use open source AI models like GPT-oss, in a bid to compete with AWS and Azure (Dina Bass/Bloomberg)

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Armis, which helps businesses secure and manage IoT devices, raised $435M at a $6.1B valuation led by Goldman Sachs Alternatives, up from $4.2B in October 2024 (Samantha Subin/CNBC)

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XPeng says it plans to launch three self-developed robotaxis in 2026, the first Chinese EV maker to do so, using in-house chips and its own software system (Jiahui Huang/Wall Street Journal)

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Motorola Edge 70 review: the new £699 ultra-thin device has a silicone back and great battery life, but the OS is full of ads; the phone won't launch in the US (Dominic Preston/The Verge)

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Sources: the Chinese government issues guidance requiring new data center projects that have received any state funds to only use domestically made AI chips (Reuters)

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Research: AI's ability to complete long and complex software engineering tasks doubles every 6-7 months, but there is a "messiness tax" for real-world tasks (Boaz Barak/Windows On Theory)

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A profile of Football Manager game developer Sports Interactive, which has ~280 full-time staff and licenses its scouting data to 40+ teams, as it releases FM26 (Chris Allnutt/Financial Times)

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YouTube confirms it removed 700+ videos from three prominent Palestinian human rights groups in early October to comply with US State Department sanctions (The Intercept)

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Sources: Roelof Botha was asked to step aside after some Sequoia partners raised concerns about his leadership; Botha had declined to comment on Shaun Maguire (Wall Street Journal)

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Wiz CEO Assaf Rappaport says the US DOJ concluded its review of Google's planned $32B acquisition; the FTC website dated the early termination to October 24 (Josh Sisco/Bloomberg)

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UK retailer M&S reports a £135.6M profit hit in H1 2025 after a cyber attack in April, which it attributes to DragonForce, and claimed £100M from its insurers (Philip Stafford/Financial Times)

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Singapore-based Video Rebirth, founded by Tencent AI veteran Liu Wei to develop AI video generation models, raised a $50M seed from Qiming, ActozSoft, and more (Bloomberg)

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Insiders detail how Nepal's Gen Z protests, born on Discord servers, TikTok feeds, and encrypted messaging apps, ended with an online poll to pick the new PM (Tulsi Rauniyar/Wired)

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How "porno-troll" Strike 3, owner of porn production company Vixen, made millions by filing copyright suits accusing users of illegally downloading its videos (Tarpley Hitt/The Guardian)

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A profile of Chen Zhi, chairman of Cambodian conglomerate Prince Holding Group, accused by the US and UK of stealing billions of dollars via online scam centers (Bloomberg)

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How ideology-driven AI chatbots like Grok and Gab's Arya position themselves as alternatives to mainstream chatbots accused of liberal bias (New York Times)

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Sources detail a leadership vacuum and staff cuts at the NSA, eroding morale among its analysts and weakening the US agency's long-term cyber capabilities (David DiMolfetta/Nextgov/FCW)

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A look at US efforts to train workers for semiconductor manufacturing, led by Arizona, which has secured over 60 semiconductor expansion projects since 2020 (Nikkei Asia)

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Barclays: hyperscalers have announced a total of 46 GW of AI data center capacity, which at full utilization will consume as much energy as ~44.2M US households (Robin Wigglesworth/Financial Times)

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A look at data labeling startups like Objectways, whose workers record and annotate repetitive tasks like folding towels to train AI robots for physical tasks (Nilesh Christopher/Los Angeles Times)

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VW says it is developing an AI chip for advanced driving in China via a JV between its Cariad unit and Horizon Robotics, with deliveries in three to five years (Edward White/Financial Times)

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