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Techmeme

LA-based Metropolis, which operates parking lots that use AI and computer vision, raised $1.6B, including a $500M Series D led by LionTree at a $5B valuation (Krystal Hu/Reuters)

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The Chan Zuckerberg Initiative restructures to focus on AI and science, led by Biohub research centers, and acquires AI startup Evolutionary Scale's team (New York Times)

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British Airways owner IAG signs a deal with SpaceX for Starlink Wi-Fi across all five carriers in the airline group, coming to 500+ Boeing and Airbus aircraft (Kate Duffy/Bloomberg)

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Microsoft AI CEO Mustafa Suleyman says Microsoft plans to focus on superintelligence that prioritizes human control; he will lead a new superintelligence team (Reed Albergotti/Semafor)

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Microsoft AI CEO Mustafa Suleyman lays out the company's plans to develop AI self-sufficiency from OpenAI, like releasing its own voice, image, and text models (Sebastian Herrera/Wall Street Journal)

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Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe right-wing politicians and encourages nationalism (Sky News)

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Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config (CNBC)

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Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo Ventures and releases a new Mercury coding model (Russell Brandom/TechCrunch)

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Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from "higher risk" ads (Jeff Horwitz/Reuters)

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SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (Bloomberg)

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Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (Bloomberg)

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Sources and documents: Google plans to build an AI data center on Australia's remote Christmas Island after signing a cloud deal with its DOD earlier in 2025 (Kirsty Needham/Reuters)

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Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (Julia Fanzeres/Bloomberg)

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Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (Kate Clark/Bloomberg)

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Jensen Huang warns "China is going to win the AI race", after the US kept a ban on advanced AI chip sales to China, and says the West is held back by "cynicism" (Financial Times)

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Rockstar says it fired dozens of employees last week for "distributing and discussing confidential information in a public forum", disputing union allegations (Jason Schreier/Bloomberg)

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Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (Bloomberg)

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Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (Kate O'Keeffe/Bloomberg)

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The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts (Ben Thompson/Stratechery)

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License plate surveillance company Flock Safety faces bipartisan pressure from lawmakers and local organizers over its data handling and cybersecurity practices (Ashley Belanger/Ars Technica)

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Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more (Russell Brandom/TechCrunch)

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Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (Bloomberg)

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Sony unveils the Fair Human-Centric Image Benchmark dataset to test the fairness of computer vision models, saying it was compiled in a fair and ethical manner (Thomas Claburn/The Register)

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Pony.ai's and WeRide's shares fell as much as 15% in their Hong Kong trading debuts; Pony.ai raised ~$863M in the secondary offering, and WeRide raised ~$309M (Bloomberg)

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Foursquare founder Dennis Crowley's new startup Hopscotch Labs releases BeeBot, which combines AI, audio, and location-based social features, on the App Store (Karissa Bell/Engadget)

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Nexperia says it suspended wafer supplies to its China factory because the local unit refused to make payments and has ignored global management's instructions (Sarah Jacob/Bloomberg)

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Researchers used AI to design functional antibodies from scratch, suggesting that AI tools could speed up antibody discovery without the need for animal testing (Financial Times)

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Source: Google is in early talks to deepen its strategic investment in Anthropic that could value the AI company at more than $350B (Ben Bergman/Business Insider)

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Sources: Charles Schwab is expected to announce a deal to acquire Forge Global, a leading platform for trading stakes in private startups, for as much as $600M (Sujeet Indap/Financial Times)

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Inside Kalshi's NYC HQ on election night, as it handled ~$100M in mayoral race trades that day, calling it for Zohran Mamdani 36 minutes before any media outlet (Alex Heath/Sources)

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A profile of OpenAI President Greg Brockman and his role in the company's $1.4T infrastructure buildout that OpenAI thinks is required to reach AGI (Sharon Goldman/Fortune)

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Sandbar unveils the $249+ Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, available to preorder, shipping summer 2026 (Julian Chokkattu/Wired)

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Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies (Jake Pearson/ProPublica)

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Sens. Mark Warner and Josh Hawley introduce a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts (Annie Palmer/CNBC)

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OpenAI CFO Sarah Friar says an "IPO is not on the cards right now", and that OpenAI hopes the US government might backstop the financing of data center deals (Berber Jin/Wall Street Journal)

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Google says Gemini Deep Research can now directly draw on information stored in users' Gmail, Drive, and Chat to create reports (Abner Li/9to5Google)

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AppLovin reports Q3 revenue up 68% YoY to $1.41B, vs. $1.34B est., and forecasts Q4 revenue and adjusted EBITDA above estimates; APP jumps 6%+ after hours (Luke Kawa/Sherwood News)

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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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